The Impact of Sustainable Practices on Property Values in Dubai

Dubai has emerged as a leader in clean and renewable energy. The government with its various initiatives and incentives is helping reduce the carbon footprint and promote renewable sources of energy. This shift to sustainability is fast transforming the real estate market as well. While we admire the iconic skyline and architectural marvels in the city, there is no denying that the integration of sustainable practices in real estate has been remarkable. Eco-friendly properties are not only aiding the environmental cause but are also contributing to the economic status of the city. 

Developers in Dubai are working towards creating energy-efficient buildings that reduce energy consumption and minimise environmental impact. Green building practices include sustainable materials sourced responsibly and designed for durability. Architects make sure there is a fine balance between design and functionality, thus creating statement homes and villas. These practices align with the Dubai Clean Strategy 2050, which seeks to achieve 75% energy from clean sources by 2050.

As environmental awareness grows, an increasing number of investors are seeking homes that align with the sustainability norm. These include factors such as water efficiency and renewable energy sources. Durability and clean living, are the main attraction of an eco-friendly property. This also plays a part in enhancing property value. Buyers are ready to pay a premium price for such properties that are built on sustainability norms. 

Government involvement has ensured sustainable practices become a standard in the real estate market. Green building certifications like LEED recognise eco-friendly buildings, increasing their popularity amongst investors. The Acres by Meraas is a LEED v4.1 certified project, reflecting the commitment to delivering sustainable living.

Below are some sustainable building practices that are employed by developers to create green buildings:

1. Energy-Efficient Designs: The use of sustainable materials includes insulation, HVAC systems, and energy-efficient appliances to reduce energy consumption. Sustainable buildings consume less energy, resulting in significant savings. High-quality eco-friendly materials require less maintenance and last longer.

2. Renewable Energy Sources: Harnessing renewable energy with the help of solar panels, wind turbines, or geothermal systems helps generate clean energy. Green certifications are a strong selling point.

3. Eco-friendly Materials: Recycled and locally sourced materials are a responsible way of practicing sustainability, thus reducing environmental impact.

4. Water Conservation: Implementing rainwater harvesting systems and greywater recycling are some ways to conserve water.

Today, global consciousness has shifted towards sustainable living, and home buyers are more interested in investing in properties that reflect the sensibility. Green properties are making Dubai an even more attractive destination for real estate investment. According to DEWA, about 58% of buildings met the green building specification by the second quarter of 2023. Properties that embrace eco-friendly practices appreciate in value. 80% of UAE real estate investors and 70% of foreign investors are willing to pay more for eco-friendly properties. This trend propels developers to focus on sustainable construction, fuelling the city’s economic growth.

As one of the leading developers in Dubai, Meraas creates residences surrounded with verdure and emphasises water conservation and energy efficiency. With the incorporation of energy-efficient designs, climate-resistant features, sustainable building materials and other eco-friendly solutions into its real estate projects, Meraas is actively addressing climate change. We integrate smart urban planning with green building standards to strike a balance between elegant living and environmental stewardship. You can be part of the sustainable living and reduce the carbon footprint by investing in eco-friendly properties. Get in touch with the Meraas sales team to learn more about our sustainable practices.