Eco-friendly residences are trending in Dubai

Dubai's skyline will undergo even more transformations as developers redraw their projects after the global climate change conference — COP28 earlier this month. The emirate is demonstrating an acceleration in the pace of construction of green buildings.

It is expected that a significant jump in the housing stock will take place in Dubai from the new year. Real estate companies are preparing to meet the growing demand among real estate buyers. Real estate prices in Dubai are expected to rise by 5% in 2024, while the property market is projected to expand by 15%.

The increase in real estate in the emirate, caused by a 16% jump in luxury property prices over the past year, is going hand-in-hand with the trend towards sustainability. Developers are increasingly introducing eco-friendly facilities into their projects, including green roofs, solar panels and green building certifications.

The increase in remote working also leads to high demand for real estate that offers stunning outdoor spaces. Among the innovative projects in Dubai that have or are adopting these features are The Sustainable City and The Acres communities, which offer an eco-friendly lifestyle.

The pursuit of sustainable developments in Dubai is taking place in parallel with the wider adoption of new technologies. Artificial intelligence and smart home systems increase the level of comfort for residents, as the smart home market in the UAE is expected to reach AED 113.8M (USD 31M) by 2028.

As we approach 2024, Dubai's real estate market is expanding in both scale and development, and the focus is on combining luxury with sustainability and innovation. Buying a property in the emirate will be a profitable investment in the long term, due to the growing demand for eco-friendly residences and price spikes.