UAE developers can leverage sustainability to add value to their properties, as new data shows that 70 percent of investors are willing to pay premiums for green facilities.
According to real estate firm Property Finder’s latest paper, this trend is driven by increasing consumer demand for sustainability in community design, with a strong preference for Leadership in Energy and Environmental Design, known as LEED, certification.
LEED is the world’s most widely used green building rating system, providing a framework for creating healthy, highly efficient, and cost-saving green buildings that offer environmental, social, and governance benefits.
Amidst notable success in the UAE’s real estate sector, which saw a surge in diversified demand and the highest volume and value of transactions in May, the report highlighted sustainability as a leading factor driving these demands.
Cherif Sleiman, chief revenue officer at Property Finder, said: “It is promising to see the growing conversation around sustainability in the industry, aligned with the broader national vision.”
Citing their latest findings, he noted that consumers are prioritizing this factor in their home-seeking journey, both within communities and across residential buildings.
Louise Heatly, owner and managing director at Exclusive Links Real Estate, noted that while cost can be seen as a challenge to eco-conscious living, it presents an opportunity in disguise.
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