ZāZEN Properties Encourages Sustainable Construction to Meet Growing Population Demand in Dubai
Summary: ZāZEN Properties, a sustainable property developer in the United Arab Emirates (UAE), highlights the urgent need for sustainable construction efforts in Dubai due to the increasing population and economic development. As the population continues to grow, it is crucial to focus on sustainable construction, especially in the mid-market segment, to cater to the demand for affordable, high-quality housing options. ZāZEN Properties emphasizes the importance of affordable mid-market residential developments that align with Dubai’s reputation. The UAE’s construction sector is expected to witness growth in the coming years, and sustainable development should encompass housing, transportation, and energy sectors to ensure a holistic approach.
Dubai, one of the fastest-growing cities in the world, aims to reach a total population of 8 million by 2040 through the implementation of the Dubai 2040 Urban Masterplan. The masterplan includes objectives such as increasing green and leisure areas, developing vibrant communities, and enhancing economic land effectiveness. By prioritizing sustainable construction, Dubai can meet the challenges posed by population growth and future economic needs.
While mortgages currently account for only about 25% of property transactions in Dubai, the market is expected to remain strong with significant transactional activity and price appreciation in the coming years. This indicates an increasing demand for mortgages due to rising property prices. To meet this demand, ZāZEN Properties emphasizes the importance of mid-market residential developments that offer affordability and quality.
ZāZEN Properties is actively contributing to key sustainability initiatives in the UAE, such as the UAE Net Zero 2050 and the Dubai 2040 Urban Masterplan. Their latest development, ZāZEN Gardens, which will become the first LEED Gold-certified and Well-Being integrated residential development in April 2024, aims to significantly reduce carbon emissions and generate renewable solar electricity.
In conclusion, sustainable construction is crucial in Dubai to address the growing population demand for housing. By focusing on affordable housing options and adopting a holistic development approach, the real estate market and the overall economy in Dubai can thrive. The UAE’s construction sector should prioritize sustainable development not only in housing but also in transportation and energy sectors for a sustainable and prosperous future.
The source of the article is from the blog regiozottegem.be