Why is Dubai Eco-Friendly?
Is Dubai Eco-Friendly? Dubai, known for its ambitious projects, is now shifting its focus towards sustainability. The Dubai Clean Energy Strategy 2050 aims to generate 75% of the city’s energy from clean sources by 2050, laying the groundwork for eco-friendly real estate developments. This commitment to sustainability is fueling the rise of greener communities, designed to minimize environmental impact and maximize efficiency (Dubai Clean Energy Strategy, 2024). Investing in eco-friendly real estate in Dubai offers compelling financial incentives. Data from the Dubai Electricity and Water Authority (DEWA) indicates that newer buildings in Dubai can achieve up to 20% savings in electricity and water consumption compared to conventional buildings. These savings result in lower operating costs for property owners, making them the attractive investment opportunity. Dubai showcases several eco-friendly real estate projects that underscore the city’s dedication to sustainability. The Sustainable City is a prime example, featuring solar panels, recycled water systems, and green spaces that promote sustainable living. It integrates energy-efficient technologies and eco-friendly design principles to create a more sustainable urban environment. According to Dubai Municipality statistics, the number of buildings meeting green building specifications in Dubai reached 72,000 by the second quarter of 2023, representing 58% of all buildings (Govt.DubaiMediaOffice.ae, 2023). DEWA reports that the adoption of energy-efficient technologies in buildings has led to a 16% reduction in carbon emissions since 2021, demonstrating the environmental impact of eco-friendly real estate developments (Dewa.Gov, 2021). Investing in Dubai: Investing in eco-friendly real estate in Dubai not only makes financial sense but also contributes to building a more sustainable future. With the city’s ambitious goals for clean energy and green development, eco-friendly properties are poised to become increasingly valuable in the near future of real estate market. By considering the statistics and expert insights presented, investors can seize the opportunities offered by eco-friendly real estate investments in Dubai.
Are houses in Dubai expensive?
The simple answer would be relatively not the case as properties in Dubai are very affordable for the high end lifestyle that they provide in return with futuristic options, sustainability and more if we were to compare them to other major cities in the world. Dubai is youthful, modern and well organized and has developed at incredible speed in such a short amount of time. This credibility in itself is a fascinating puzzle and Dubai is still confident about its future. This begs the question of why the property prices in Dubai are so affordable compared to other big cities around the world? Let’s take a closer look at the reasons behind this phenomenal scenario. To compare Dubai property value per square meter to other big cities, we can notice a significant difference in how much buyers are getting in return in terms of size, efficiency, sustainability, amenities and luxury living as well as being a safe central business hub in tbe midst between Europe and Asia, ideal with its tax free incentives which means you can get more than your money’so worth elsewhere and with higher returns on investment than other cities with an average of 8% return on investment at least and reaching up to 23% on short term rentals. Investors do not think twice as the conditions are ideal and 2024 is seeing a rise in investments for this reason as it doesn’t seem that this will slow down anytime in the future. We can compare it to a couple of cities in the world to put into perspective. City Average Property Price (per sq.m.) Dubai $3,500 – $5,000 London $15,000 – $25,000 New York City $10,000 – $20,000 Singapore $8,000 – $12,000 Hong Kong $20,000 – $30,000 Sydney $8,000 – $12,000 1. Supply: Dubai’s ambition knows no boundaries and we at Prestige Edition Real Estate are witnessing it, as set by Sheikh Mohammed’s visionary 2040 plan. The population set to skyrocket from 2 million to 7.8 million in 2040, the developers are racing to supply as demands for homes is on the rise and we are still facing shortages to cater to future residents creating a healthy supply and demand that keeps the market on its toes. This surge in demand ensures a steady stream of income for investors and avid buyers, making it an ideal time to invest in Dubai’s burgeoning real estate market to […]
UAE Real Estate Mortgage Trends in a Climate of Falling Interest Rates
Property buyers in the UAE, especially those planning to live in the homes they buy, are expected to use mortgages more in 2024 as interest rates are predicted to go down by up to 100 points, say experts (Khaleej Times, 2024).
As interest rates on loans change, it affects how people decide to buy property in the UAE. With rent prices going up, owners who rent might decide to buy property in 2024 instead.
Dubai Real Estate: Branded Residences Set for a 410% Increase as Investors Target Jewelry and Motoring Themes
Dubai's real estate is about to see a big boost in luxury homes connected to famous brands like jewelry and car companies. Dubai is already leading globally in this trend, with big names in luxury teaming up with property developers to create residential towers, not just hotels.
The most famous brands are entering the branded homes market in Dubai and are becoming the next big shift in property market with jewelry brands and renowned luxury car brands.
Branded residences rents to surpass non-branded.
Branded homes have become a dominant force in Dubai's real estate market, commanding rentals that could be up to 100% higher than those of non-branded homes (Khaleej Times, 2024). The increasing interest among High Net Worth Individuals in these luxury apartments and their opulent amenities is driving this surge in demand.
The trend is particularly noteworthy as industry experts are giving their advise to emphasize on the branded and luxury residences as they are more likely to experience substantial price increases in the heart future compared to other segments of the market.