{"id":57502,"date":"2017-06-11T04:01:00","date_gmt":"2017-06-10T21:01:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=57502"},"modified":"2017-06-11T03:21:52","modified_gmt":"2017-06-10T20:21:52","slug":"uae-a-leader-in-sustainable-buildings-says-core-savills","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-a-leader-in-sustainable-buildings-says-core-savills\/","title":{"rendered":"UAE a leader in sustainable buildings, says Core Savills"},"content":{"rendered":"


\nThe UAE is the flag-bearer of building sustainability within the region, with some of the highest rates of accredited green buildings in the world, according to a new report by Core Savills.The property consultancy’s Green Report said that the UAE ranks among the top 10 countries in the world to hold Leadership in Energy and Environment Design (Leed) certificates outside the US, while Dubai ranks third among global cities with the highest number of green-certified buildings (behind London in first position, and New York in second).
\nThe study states that most of these sustainable buildings are commercial properties rather than residential, but despite the investment green buildings typically do not attract higher rents. It said that this can be explained by the fact that “new developments are launching their initial phases at an attractive entry price point, in an effort to achieve critical mass and pave the way for future phases, where higher rentals may be justifiable”.
\nIt also said that green buildings also compete with centrally located Grade A stock, and while some corporate occupiers value sustainability, most renters have yet to quantify the environmental and operational benefits of being based in a green building.Moreover, in the residential market, spending money on retrofitting does not achieve the same returns when putting a property on the market as upgrading kitchens or bathrooms, it says. Properties that are more than a few years old benefit more from basic upgrades to facilities than retrofitting, with owners who invest in sustainable technologies running the risk of reaching a point “where the more they spend on upgrading their unit, the less additional return [rent or price] it will incur,” said Core Savills’ chief executive, David Godchaux.
\nSpeaking at a recent sustainability roundtable event at Curtin University in Dubai Academic City, Daniel Adkins, the chief executive of Global Institute Middle East, said: “In the UAE, I don’t see a lot of drive from the end users demanding sustainable buildings. “They’re happy to move into these glass boxes, they’re happy to live in places where you’ve got to run your air conditioning 24\/7 to keep a relatively nice climate.”
\nHe said that an education campaign was needed to get end users to demand more sustainable buildings. Without this, he argued, developers have little incentive to build them.”The people who are commissioning and building the buildings are then immediately selling them off so they don’t have to pay for the long term.”He argued that many apartment buyers either quickly sell on investments for capital gain or rent them out, and in either case are not responsible for paying utility bills.
\n“The only way we are going to get something that works here is if the government mandates that people pay for those externalities. So if they know that it is not energy efficient, then there is an increased cost that has to be paid back to the government as recompense,” Mr Adkins said.”Because people in the UAE, like everywhere in the world, vote with their wallets and they are not going to spend extra money for some concept that doesn’t really matter to them because they are not looking 20 years down the road. They may not even be here 20 years down the road.”
\nmfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
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The UAE is the flag-bearer of building sustainability within the region, with some of the...<\/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-57502","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-eXs","jetpack-related-posts":[{"id":45758,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gcc-leads-the-way-in-smart-approach-to-development\/","url_meta":{"origin":57502,"position":0},"title":"GCC leads the way in smart approach to development","date":"February 28, 2017","format":false,"excerpt":"\r In a recent white paper titled \"Innovations and Disruptions in Building Energy Efficiency in the GCC\", Frost & Sullivan highlights a number of technologies and services that it says will become more relevant in the region as a result of greater adoption of renewable energies and energy efficient policies.\"With\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55161,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/think-outside-the-glass-box-when-building-in-the-uae-says-architect\/","url_meta":{"origin":57502,"position":1},"title":"Think outside the glass box when building in the UAE, says architect","date":"May 18, 2017","format":false,"excerpt":"\r Building owners who want to achieve high levels of sustainability need to move away from building glass boxes in the harsh desert climate, according to an expert.Scott Coombes, a director of the Dubai building consultancy AESG, said although traditional Islamic architecture in the region is very useful for creating\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24316,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/desire-for-signature-buildings-in-uae-causing-energy-leaks-say-experts\/","url_meta":{"origin":57502,"position":2},"title":"Desire for signature buildings in UAE causing energy leaks, say experts","date":"August 30, 2016","format":false,"excerpt":"\r Problems with leaky buildings and poor energy use in the UAE are partly caused by climate and a desire for signature buildings, but performance is gradually improving as building codes become more rigorous, experts say.Paul Crayford, the mechanical, electrical and plumbing group director for building consultancy Buro Happold, says\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18992,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-ranks-second-in-the-world-for-green-buildings\/","url_meta":{"origin":57502,"position":3},"title":"Singapore ranks second in the world for green buildings","date":"July 7, 2016","format":false,"excerpt":"\r Green buildings are not just for the eco conscious, green practices should be observed by the luxury real estate world Singapore ranks highly for environmentally friendly developments. Pictured: Gardens by the Bay in Singapore. Image credit: Derrick Brutel (Flickr) Singapore has ranked within the top three in the global\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54715,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-space-centre-unveils-worlds-first-passive-house-for-hot-countries\/","url_meta":{"origin":57502,"position":4},"title":"UAE space centre unveils world's first 'Passive House' for hot countries","date":"May 14, 2017","format":false,"excerpt":"\r The Sustainable Energy Programme section team at the Mohammed bin Rashid Space Centre (MBRSC) has unveiled the world's first \"Passive House\" for a hot and humid climate.The team showcased the sustainable autonomous house, which is certified by the Passive House Institute in Germany, at the International Passive House Conference\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/img.youtube.com\/vi\/uKEA9Dw3cb0\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":141469,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-tops-arab-countries-for-highest-labour-resilience-report\/","url_meta":{"origin":57502,"position":5},"title":"UAE tops Arab countries for highest labour resilience: Report","date":"January 19, 2024","format":false,"excerpt":"\r The global labour index provides insights to strengthen labour markets, preparing them to endure climate change challenges and leverage the prospects of a sustainable, green future\r \r Source : arabianbusiness.com\r Read more...UAE tops Arab countries for highest labour resilience: Report","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2024\/01\/burj-khalifa-uae-flag-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/57502"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=57502"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/57502\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=57502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=57502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=57502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}