{"id":24541,"date":"2016-08-31T21:44:11","date_gmt":"2016-08-31T14:44:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=24541"},"modified":"2016-08-31T20:10:03","modified_gmt":"2016-08-31T13:10:03","slug":"mall-of-the-emirates-owner-majid-al-futtaim-goes-green","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mall-of-the-emirates-owner-majid-al-futtaim-goes-green\/","title":{"rendered":"Mall of the Emirates' owner Majid Al Futtaim goes green"},"content":{"rendered":"


\nWith what must be one of the biggest air-conditioning bills in the emirate, the company behind Dubai’s indoor ski slope is going green.Majid Al Futtaim (MAF), the conglomerate that built Mall of the Emirates, aims to produce 5 per cent of its total energy in the next two years using solar photovoltaic technology.The group runs 19 shopping malls in the region including Dubai’s Mall of the Emirates, which has the region’s largest ski slope and indoor snow park. MAF expects to save Dh3 million by installing LED lighting at all its malls. It says it has reduced energy consumption by 9 per cent across the 12 hotels in its portfolio.”The business case for investing in renewable energy is strong, but the environmental case is equally as strong,” said aid Ibrahim Al-Zu’bi, head of sustainability at MAF Properties. “United Nations officials have warned the populations of 22 Arab countries could hit 600 million by 2050 and that energy demand will place increasing pressure on existing infrastructure. However, renewable energy sources have the potential to meet 80 per cent of global demand by the same year.”MAF’s target is for solar technology at existing developments to reduce its carbon footprint by 27,000 absolute tonnes of carbon emissions annually.A white paper on renewable energy published by the company suggests this emissions saving could be achieved for an investment of Dh152 million, with returns delivered within nine years.ascott@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Mall of the Emirates’ owner Majid Al Futtaim goes green<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With what must be one of the biggest air-conditioning bills in the emirate, the company...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-24541","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6nP","jetpack-related-posts":[{"id":24539,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mall-of-the-emirates-owner-majid-al-futtaim-turns-to-solar-power\/","url_meta":{"origin":24541,"position":0},"title":"Mall of the Emirates' owner Majid Al Futtaim turns to solar power","date":"August 31, 2016","format":false,"excerpt":"\r With what must be one of the biggest air-conditioning bills in the emirate, the company behind Dubai's indoor ski slope is going green.Majid Al Futtaim (MAF), the conglomerate that built Mall of the Emirates, aims to produce 5 per cent of its total energy in the next two years\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9022,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/majid-al-futtaim-properties-reports-healthy-profit-increase\/","url_meta":{"origin":24541,"position":1},"title":"Majid Al Futtaim Properties reports healthy profit increase","date":"March 24, 2016","format":false,"excerpt":"\r \r Majid Al Futtaim Properties, a unit of the Dubai-based diversified conglomerate Majid Al Futtaim, posted a 27 per cent increase in net profit last year thanks to net valuation gain on land and buildings, and lower finance costs.MAF Properties' net profit attributable to equity holders rose to Dh3.5\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3305,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/properties-porfolio-drives-majid-al-futtaim-profit-as-it-eyes-african-expansion\/","url_meta":{"origin":24541,"position":2},"title":"Properties porfolio drives Majid Al Futtaim profit as it eyes African expansion","date":"February 1, 2016","format":false,"excerpt":"\r \r Majid Al Futtaim (Maf) posted a 6 per cent increase in earnings last year as the Dubai-based conglomerate continued to invest in Dubai and boosted its interests in Oman and Egypt, it said yesterday.Earnings before interest, tax, depreciation and amortisation (Ebitda) rose to Dh3.8 billion last year from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":151231,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-majid-al-futtaim-announces-major-1-3bn-mall-of-the-emirates-upgrade\/","url_meta":{"origin":24541,"position":3},"title":"Dubai\u2019s Majid Al Futtaim announces major $1.3bn Mall of the Emirates upgrade","date":"April 16, 2025","format":false,"excerpt":"\r Majid Al Futtaim will mark Mall of the Emirates' 20th anniversary with a series of major upgrades\r \r Source : arabianbusiness.com\r Read more...Dubai\u2019s Majid Al Futtaim announces major .3bn Mall of the Emirates upgrade","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/04\/Mall-of-the-Emirates-Dubai-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":137748,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-mall-of-the-emirates-biggest-mall-in-the-world-to-receive-leed-sustainability-certification\/","url_meta":{"origin":24541,"position":4},"title":"Dubai\u2019s Mall of the Emirates biggest mall in the world to receive LEED sustainability certification","date":"June 20, 2023","format":false,"excerpt":"\r Mall of the Emirates becomes the world\u2019s largest operating mall to earn LEED Platinum Certification for sustainability, Majid Al Futtaim Asset Management says\r \r Source : arabianbusiness.com\r Read more...Dubai\u2019s Mall of the Emirates biggest mall in the world to receive LEED sustainability certification","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/06\/Mall-of-the-Emirates-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":165772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/majid-al-futtaim-emirates-nbd-partner-to-offer-off-plan-mortgage-financing\/","url_meta":{"origin":24541,"position":5},"title":"Majid Al Futtaim, Emirates NBD partner to offer off-plan mortgage financing","date":"November 25, 2025","format":false,"excerpt":"\r New agreement enables buyers to secure bank financing after 50% of property payments, expanding flexible ownership options in Dubai\u2019s residential market The post Majid Al Futtaim, Emirates NBD partner to offer off-plan mortgage financing appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and\u2026","rel":"","context":"In "Property 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