Shifting landscape for sustainable building

Shifting landscape for sustainable building

In the early 1990s, the global construction paradigm began to shift when the USA started to integrate sustainability into the building sector. Today the concept is no longer isolated to one country, region, or culture. Green building, sustainable construction and sustainable building is not merely about doing less harm to the environment than traditional construction. Instead, it is about optimizing resources and being environmentally, socially and financially responsive throughout the entire building lifecycle: from design, construction, operation, management, renovation and deconstruction. All new construction, whether it is a school, business towers, recreational facility or industrial buildings, from Dubai to Copenhagen to Detroit, can integrate and design efficient and socially responsible buildings, communities and cities.

As one of the fastest growing cities in the world, the concept of “sustainability” should be integrated in all of the UAE’s community developments. Further solidifying our 2030 goal to be one of the happiest countries in the world, sustainability is solidified in Dubai’s 2016 Municipality Report which defines it as, “…how we should act, individually and together, to protect, preserve and propagate our environment…share insights and technologies for future development, while reducing our burden on the planet.”  This sentiment is reflected in the UAE’s long-term national initiative to build a green economy, which has a strong emphasis on green buildings and sustainable energy.

While the UAE government continues to standardized specifications and enact new policies, the inroads to sustainable building will remain long if it is not taken fervently by the private sector. These policies must be permanently adopted as standard practice for developers, designers, investors, owners and tenants. However, achieving sustainable objectives remains challenging in the real estate industry due to its emphasis on maximizing returns of profits with little attention paid to the long-term social and environmental aspects.  Whilst sustainability has been proven to improve the safety, health, and well-being and eventual cost-saving they are often overshadowed by present cots.

Together with population growth, urbanization, transportation, and industrial agriculture, creating sustainable communities is crucial for the well being of future generations. Developers have an ethical responsibility to integrate a life cycle engineering approach, which obliges a sustainable approach of all resources and elements which includes employee safety, communities close to construction sites, transportation, neighborhood restoration, transparency, etc. However, in order for this practice to come to fruition, affordable resources and solutions must be provided to local developers. Developers should be provided financial incentives. For example, in the USA there are tax credits, reductions or waivers of permits, and a robust certification, which denotes high-performance green buildings and awards program to incentivize the market to grow in this direction.

Research already shows that investments in green buildings produce measurable financial value through increased rentals rates, asset values and higher tenant attraction. However, it is important to note the social impacts as well. The health, comfort, productivity, overall satisfaction, happiness and increased sense of community has also been documented. As technology rapidly increases, the return on investment (ROI) is becoming more apparent. For example, measuring, monitoring, and automating a building’s energy systems can maximize the ROI by using smart technology to ensure equipment is only in use when needed and operates at peak efficiency. We can use the same data and correlate it with air quality and occupants health. Investors should continue to explore green buildings as practical, profitable and as a moral responsibility.

Education and knowledge sharing should be at the forefront of changing the mindset around sustainable construction and renovations. We know that if consumers understand the value of green products they are more likely to favor and spend accordingly. Owners, end-users and tenants should be educated about the financial, health, social and environmental benefits related to their green residences. Multiple research has demonstrated that renters are willing to pay more to live in buildings with sustainable design features, from energy-saving appliances, to shared community spaces, and to nearby amenities, with less dependence on driving, making for happier citizens, communities, and cities.

Mirroring broader global advancements in sustainable building, Dubai should continue to prioritize investment towards green housing. Creating an ecosystem where developers, investors and end-users “share insights and technologies for future development” is not only aligned with Dubai’s vision but it is paramount for green market penetration. If end-users are willing to invest in the auxiliary benefits of these communities, then developers and investors should provide more options and further solidify the UAE’s commitment to happiness.

Zale Tabakman

Founder, Indoor Vertical Farming financed with Green Bonds

6y

#UrbanAg

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Sanish Surendran

Air Veteran| Security & Loss Prevention Specialist|Business Continuity|Risk Mitigation|Ex Reliance Jio

6y

We are doing the same in our new projects in Malabar group with kind help of a company called ELT

Sherif Elmaghraby

Business Development - MENAP

6y

That trend should be activated to creat Dubai compatetive advantage in RE for Coming decades. Appreciating such initiatives. GL

Noor Aizzah Ismail

Chartered Accountant at WSA CAPITAL CORP.

6y

And maintain the GREEN🍎NICE PIC Mahmoud AlBurai

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