Dubai South most affordable community for green property hunters
Tenants can rent a two-bedroom apartment in the development for Dh66,000 and buy the same size apartment for Dh910,000
Dubai South District, the venue for six-month long global trade fair Expo 2020, offers the most affordable eco-friendly residences to people either looking to rent or buy properties in the emirate, according to dubizzle.
Tenants can rent a two-bedroom apartment in Dubai South District for Dh66,000 while they can buy the similar apartment for Dh910,000, classifieds portal dubizzle said in a report on green-living options released on Saturday.
“We are seeing more and more green communities being developed in Dubai, which is a testament to the Emirate’s commitment to a sustainable future,” Samer Abdin, general manager at dubizzle Property, said. “We encourage residents to consider these options when looking for property in order to contribute to an eco-friendlier future for our communities.”
Dubai has launched several programmes designed to promote sustainable and green living, in line with the emirate’s plans to reduce its carbon footprint and cut energy and water demand by 30 per cent by the year 2030.
The UAE investors are far ahead of their counterparts in Europe and Asia when it comes to sustainable investments, according to a UBS Global Wealth Management report released last week. In the survey, 93 per cent of the UAE investors said they are choosing a sustainable investment route, against a global average of 82 per cent.
For those looking to rent a villa, Dubai Silicon Oasis offers the most affordable options with two- and three-bedroom units available for Dh84,000 and Dh160,000, respectively. This community has introduced a number of sustainable initiatives, including the replacement of traditional lights with LED fixtures, installation of motion sensors to trigger street and building lights as well as the fitting of automatic temperature regulators.
Dubai Sustainable City, the first net-zero energy project in Dubai that will meet all its energy requirements through sustainable sources, also offers unique villa options to eco-friendly property seekers, with three- and four-bedroom villas rental at Dh190,000 and Dh210,000 on average, respectively.
The community, which has built bikes and jogging tracks for the residents, has established recycling facilities for water collected from shower and basin drainage that gets treated on site and goes back into the community. The so called 'black black' collected from kitchens and toilets is recycled by Dewa and is then routed back to irrigate the landscaping. This community also boasts 11 natural biodome greenhouses, organic farm and individual garden farms for local food production.
Buyers looking for economical villa deals can also opt for Dubai South, with three- and four-bedroom units available from Dh1.5 million and Dh2m, according to dubizzle study.
Updated: September 22, 2018 01:51 PM