The Green Revolution: A Call for Sustainability in Real Estate
Highlights of UAE’s transformative net zero plans and recommends actionable pathways to achieve a greener built environment ahead of COP28
- Faraz Ahmed
- Muhammad Aijaz
- Zenah Al Saraeji
While the UAE has been consistently launching green initiatives and projects, and setting bolder targets that are both pro-climate and pro-growth to fulfil its climate commitment, stakeholders in the real estate industry must take decisive action to safeguard their assets and secure long-term returns.
The high energy consumption, carbon emissions, and resource depletion that are characteristic of the built environment, which account for nearly 40% of global energy-related carbon emissions and 36% of energy consumption, have made it imperative to integrate sustainability measures into real estate investment decisions to accelerate the net zero transition of the sector. The whitepaper also outlined the importance of making financial investments in green buildings and green construction to offset reduced property values over time and minimise climate-related challenges, especially in the MENA region which is warming at twice the global average rate with temperatures projected to rise by 4°C by 2050.
Download our latest whitepaper for valuable insights and key takeaways exploring the critical role of the real estate industry in shaping a sustainable future and the ramifications of inaction as opposed to proactively pursuing green strategies.
