Sustainability and Smart City Initiatives in UAE Real Estate: Introducing the New Face of URBAN LIVING
The United Arab Emirates (UAE) has experienced almost relentless growth over the last decades especially in terms of architecture. However, there is more to modern Skopje that is presented from the rows of sparkling skyscrapers – there is a focus on sustainable development and smart city solutions that are redesigning the future of the real estate industry. Such initiatives coincide with the UAE’s long-term development objectives like Vision 2021, the process designed to turn the country into one of the world’s most innovative and eco-friendly states.
Embracing Sustainable Real Estate
This special focuses on contributing to the creation of a greener future.
Within the last few years, sustainability transcended beyond being a mere fad in the UAE real estate industry to becoming a mission statement. The UAE Vision 2021 and the National Agenda have set the course for more sustainable development, and new construction projects incorporate environmentally friendly materials and energy efficient systems.
There is evidence that more and more developers in the UAE are embracing green practices, hence the rise in LEED compliant structures. These construction structures are set to enhance energy efficiency, promote the use of minimal resources and optimize the health of the users. Diverse types of equipment including solar panels and technologies used for conservation of water are also being availed and embraced in the real estate of UAE.
The Rise of Smart Cities
Let’s imagine the radical transformation of our modern urban lifestyles.
Arguably, the UAE has set its eyes not only for the future in the aspect of sustainability but also in the concept of smart cities. Some of the world’s great cities such as Dubai and Abu Dhabi are at the vanguard of this change, leveraging advanced technology to advance urban lifestyles.
Smart Dubai is another initiative of Dubai where the city intends to be among the smartest cities in the world through the use of Internet of Things, big data, and Artificial intelligence. These technologies are gradually being applied in almost all areas that can make life less cumbersome for the residents in terms of transport, public service delivery and others.
Likewise, the Masdar City in Abu Dhabi will be a classic of sustainable urbanism. This innovative community aims to reduce the environmental impact by incorporating Eco efficient building, renewable energy and efficient water utilization. It was mentioned that Masdar City is not only a living environment for people – Masdar City is a real experimental platform for creating future cities.
Impact on the Real Estate Market Changes in Preferences
Smart and Sustainable Building
Erasing the boundaries of sustainable practices and smart cities is transforming the real estate market in the UAE. The buildings within these smart cities are in high demand because they are environmentally friendly, cost less to operate, and provide a better quality of living. Due to increasing awareness of the effects of environmental issues, the need for such properties should increase in the foreseeable future. source
Those incorporating sustainable and smart technologies into their developments are not only satisfying market needs, but also standing out in a competitive market. Housing the country’s vision, the UAE’s real estate industry will be at the forefront of modern and sustainable community living.
The Role of Somi Finance in Promoting Sustainability
Money for Tomorrow
As the pioneer of green investment solutions in South Korea, Somi Finance is playing a pivotal role in directing funds to income-generating projects that minimize the impact of climate change. Evaluating their commitment to sustainability as consistent with the UAE’s sustainable development aspirations and the ongoing process of remodeling the real estate sector.Somi Finance also has the responsibility of encouraging investment in smart city projects. And by supplying the funding needed to support such grand-scale projects, they are enabling the creation of future cities – cities that are smarter, more sustainable and better prepared for the future.
Final Thoughts
Leading the way on Innovation in Building and Construction
The region for development in the UAE is now directed to sustainability and smart city standards which enhance the experience of real estate companies and customers. Perspectives of real estate becoming greener can also be viewed from the view of the country continuing in its path in innovating and leading in this area.
