THE RISING VALUE OF SUSTAINABILITY IN DUBAI'S PROPERTY MARKET

The latest trends and standards of sustainability in Dubai are put together by Dubai’s Green Building Regulations and Specifications (DGBRS). Introduced by Dubai Municipality in 2010 and made compulsory for all public as well as private sector projects by 2014, this regulatory body looks over every step of the design and construction.

At its heart, the regulation sets minimum target performance targets for the building envelope, HVAC efficiency, lighting power, water-use fixtures, on site renewables and other elements that allows owners to track and manage the consumption in relation to sustainability standards. The plan is basically to cut down almost 70% of peak electricity demand while lowering carbon emissions and operating costs.

Why is this an attractive factor to the buyers?

These practices and regulations in place offer quality properties to home owners and investors. When focusing on the long term value that these properties offer, there is a lot of value that these sustainability friendly properties offer:

• Reduce utility bills by 15 to 30 , this is a very attractive cost cutter in the long term run.

• Hold higher resale value, especially with the demand of eco-conscious buyers continues to grow in Dubai’s property market.

• Better financing options offered due to the strong ESG values the property offers. (ESG: Environtne, Social, Governance)

• Overall healthy and eco-friendly lifestyle that supports a global movement towards sustainability.

For both end-users and investors, these benefits are tangible. A slight premium in upfront cost (typically 2 - 3 %) is far outweighed by operational savings and higher property appeal in a competitive market.

As more buyers prioritize sustainable lifestyle, cost savings, and environmental responsibility, green buildings are moving to the top of the checklist. No matter what the type of property (Off-Plan or Ready) you are in the market for, going for a property that is identified by the DGBR ratings will help you lead a sustainable lifestyle and grow property’s capital gains in the long run. To understand the present and upcoming trends in the global and Dubai property markets, the buyers should keep a close eye on the industry. Although it is not practical to study a competitive property market as a regular individual, busy business person or an entrepreneur, our consultants at Anarock Middle East make sure to keep track of every market fluctuation for you. No matter what specification you are in the market for, we can guide you to find the best deal in Dubai. Call us or visit our offices to share your property requirements with us.