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THE DEFINITIVE GUIDE TO THE REGION'S CONSTRUCTION PROFESSIONALS D E C E M B E R 2 0 2 3 | C B N M E . C O M DIGITAL CONSTRUCTION THE FUTURE OF REAL ESTATE The Next Frontier Luxury Living EVENT Construction Innovation Awards 2023 HERIOT-WATT UNIVERSITY - CLIMATE HUB Charting the Future: UAE’s Sustainable Infrastructure Roadmap Amidst COP28
CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 | 3 A LUSH OASIS IN BAHRAIN 10 SUSTAINABILITY BETAM: NAVIGATING A SUSTAINABLE FUTURE In the Bin Dasmal Group’s vast portfolio, BETAM, which stands for Bin Dasmal Engineering Technologies & Management Co. L.L.C., assumes a vital responsibility for advancing excellence across multiple operational dimensions 12 EVENT CONSTRUCTION INNOVATION AWARDS 2023 Striving to recognise individual excellence, corporate strengths, and project success 30 DIGITAL CONSTRUCTION A DIGITAL FIRST APPROACH IN CONSTRUCTION As we constantly hear, our industry is faced with ever-increasing pressure to collaborate more efficiently, gather, and share more data, increase visibility, reduce cost, time, and waste 36 REAL ESTATE THE NEXT FRONTIER LUXURY LIVING: Dubai’s Evolution in Residential Projects 42 TECHNOLOGY KEO’S DIGITAL FIRST APPROACH: Lessons in Transforming Construction through Innovation 46 EXPERT INSIGHT ALEC’S APPROACH TO DIGITAL CONSTRUCTION In Conversation with Andy Boutle, Head of Digital Construction at ALEC 50 INTERVIEW JOURNEY TOWARDS DECARBONIZATION In Conversation with Samer Alawiah, Managing Director at Daikin UAE 58 TALKING POINT THRIVING MIXED-USE DEVELOPMENTS How Can Mixed-Use Developments Thrive at the Intersection of Leisure, Entertainment, and Hospitality? 62 COP28 SUSTAINABLE SCIENCE INITIATIVES ALIGNED WITH COP28 The Paris Agreement of 2015 binds nations to cap the increase in the global average temperature 72 ARCHITECTURE THE NIKKEN SEKKEI APPROACH Bringing Japanese Aesthetics to Middle Eastern Architecture Salloum & Salloum Architects explain the concept of Jasra House and how they wanted create an architecturally inspirational piece of design carefully curated around the life style of their clients 38 IN THIS ISSUE CBNME 12 64
Standing at the heart of the V&A Waterfront is a figure that evokes familiarity, comfort, and a sense of adventure – Cape Grace, A Fairmont Managed hotel is a timeless presence. With rooms gazing out onto the harbour, marina, or the majestic silhouette of Table Mountain, this grand hotel feels as if it has always been part of the landscape.
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6 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM EDITOR’S NOTE CBNME I n preparation for COP 28, a global surge in construction initiatives is underway, fueled by the pressing need to combat climate change. Countries are actively investing in projects that prioritize sustainability, aiming to reduce carbon emissions and bolster resilience. Leading the charge are developments in renewable energy infrastructure, marked by the widespread establishment of wind and solar farms to meet ambitious clean energy goals. Smart cities are taking shape, incorporating advanced technologies to optimize resource usage, improve waste management, and minimize environmental impact. The mainstream adoption of green building practices is evident, emphasizing energy efficiency and the use of eco- friendly materials. Coastal areas are strengthening their defenses against rising sea levels through inventive construction approaches like floating and amphibious architecture. Urban green spaces are expanding to encourage biodiversity and counteract the urban heat island effect. Global cooperation is propelling research and development efforts in carbon-neutral construction materials, steering away from conventional, high-emission options. The construction industry is increasingly embracing circular economy principles, striving to minimize waste and maximize resource reuse. As COP 28 draws near, these construction endeavors reflect a unified dedication to sustainable progress, laying the groundwork for a future characterized by resilience and environmental consciousness. CEO Wissam Younane wissam@bncpublishing.net DIRECTOR Rabih Najm rabih@bncpublishing.net GROUP PUBLISHING DIRECTOR Joaquim D'Costa jo@bncpublishing.net +971 50 440 2706 MANAGING EDITOR Kasun Illankoon kasun@bncpublishing.net EDITOR Vibha Mehta vibha@bncpublishing.net EDITORIAL DESIGN Christian Harb MARKETING MANAGER Aaron Joshua Sinanbam aj@bncpublishing.net VIDEOGRAPHER Alexander Bungas Keep up to date with all the latest news, features and much more on our website and social media platforms CBNME.COM Kasun Illankoon Managing Editor kasun@bncpublishing.net SUBSCRIBE subscriptions@bncpublishing.net For all commercial enquiries, contact jo@bncpublishing.net T +971 50 440 2706 All rights reserved © 2022. Opinions expressed are solely those of the contributors. Construction Business News ME and all subsidiary publications in the MENA region are officially licensed exclusively to BNC Publishing in the MENA region by Construction Business News ME. No part of this magazine may be reproduced or transmitted in any form or by any means without written permission of the publisher. Images used in Construction Business News ME are credited when necessary. Attributed use of copyrighted images with permission. All images not credited courtesy Shutterstock. Printed by UPP PO Box 502511 Dubai, United Arab Emirates P +971 4 4200 506 | F +971 4 4200 196 CBNME @CBNME CONSTRUCTION BUSINESS NEWS ME CONSTRUCTION INITIATIVES TOWARDS COP 28
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10 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM CBNME SUSTAINABILITY This remarkable company offers a comprehensive suite of integrated services, encompassing Civil and MEP (Mechanical, Electrical, and Plumbing) solutions. BETAM’s diverse portfolio encompasses a wide spectrum of services, ranging from Civil & MEP Projects, MEP Retrofit, Interior Fit-Out, Outdoor Floor Cooling, Facility Management, Energy Services, Smart Metering Solutions, IAQ (Indoor Air Quality) Solutions, Sustainable Farming Solutions, to MEP Annual Maintenance Contracts. BETAM’s commitment to sustainability is not just a philosophy but a well-entrenched strategy guiding their every endeavor. They firmly believe in offering services and products that not only meet the highest standards of quality but also ensure environmental responsibility and social commitment. Sustainability, in their view, is a foundational pillar of growth and continuous success in a world marked by constant change. In line with this ethos, BETAM has meticulously integrated environmental, Social, and Governance (ESG) principles into its business operations. This commitment to ESG is vividly reflected in a multitude of initiatives that have not only added economic value but also enriched the social fabric. BETAM’s service offerings are meticulously designed to align with the current demands for reflecting the contemporary need for environmentally sustainable and energy-efficient practices and technologies across various industries and sectors while remaining compliant with local mandates on energy efficiency and reduction. This demand is driven by environmental concerns, regulatory requirements, consumer preferences, cost savings, and technological advancements. BETAM’S offerings include a comprehensive suite of solutions, such as conducting thorough energy audits to assess buildings’ energy efficiency, identifying cost-effective energy conservation measures, and offering customized smart metering solutions that empower end-users to monitor their water and power consumption, thereby promoting resource efficiency. I n the Bin Dasmal Group’s vast portfolio, BETAM, which stands for Bin Dasmal Engineering Technologies & Management Co. L.L.C., assumes a vital responsibility for advancing excellence across multiple operational dimensions. This article explores Bin Dasmal Group’s venture into sustainable farming and the crucial role played by its subsidiary, Bin Dasmal Engineering Technologies & Management (BETAM), in supporting this groundbreaking initiative. Bin Dasmal Engineering Technologies & Management Co.LLC (BETAM) stands as a distinguished ISO 9001:2015, ISO·14001:2015, ISO 45001:2018 certified company, proudly boasting over four decades of operational excellence. BETAM NAVIGATING A SUSTAINABLE FUTURE
CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 | 11 BETAM | NAVIGATING A SUSTAINABLE FUTURE with the latest international green building standards and regulations. BETAM’s commitment to sustainability allowed ekthaar to optimize construction costs by repurposing waste materials from previous projects. Moreover, it enabled ekthaar to achieve enhanced crop production, improved crop quality, and increased production efficiency. Ekthaar’s farming approach is remarkably resource-efficient, utilizing only 5 percent of the actual soil and water resources, while delivering substantial cost savings of 25-30 percent through the reuse of construction waste materials. The application of Controlled Environment Agriculture (CEA) methodology ensures efficient water usage year-round, aligning with the principles of sustainability upheld by both ekthaar and BETAM. One of BETAM’s remarkable achievements lies in its accreditation as an Energy Service Company (ESCO). With a formidable track record in delivering energy-saving projects, BETAM has played a pioneering role in the implementation of Continuous Monitoring and Control (CLM) systems. Notably, the Nakheel Palm Tower Project serves as a prime example of their innovation in action. This project has resulted in significantly enhanced operational efficiency and substantial energy savings, all made possible through the meticulous collection and analysis of granular energy consumption data beyond conventional contracting, BETAM is committed to sustainability, with a strong emphasis on maintaining a low carbon footprint and aligning its services with clients’ unique needs. In the context of ekthaar, BETAM has emerged as a critical enabler of this innovative farming venture. During the planning and execution of the farming infrastructure, BETAM placed an unwavering emphasis on sustainable engineering practices. The greenhouse, net house farm, and container-based vertical farms developed by ekthaar were meticulously designed in accordance As the construction industry increasingly embraces sustainability, ekthaar’s extensive knowledge base, facilitated by BETAM’s expertise, becomes an invaluable resource. ekthaar, supported by Bin Dasmal Engineering Technologies & Management (BETAM), is poised to expand its vertical farming model, and continue its mission of promoting green philosophies across the Middle East. This innovative endeavor not only addresses food shortages but also represents a powerful paradigm shift in the sustainable use of resources, creating a blueprint for sustainable agriculture in unconventional spaces. Bin Dasmal Group’s journey exemplifies how engineering solutions can drive sustainable growth and contribute to addressing pressing challenges in the region. THE GREENHOUSE, NET HOUSE FARM, AND CONTAINER- BASED VERTICAL FARMS DEVELOPED BY EKTHAAR WERE METICULOUSLY DESIGNED IN ACCORDANCE WITH THE LATEST INTERNATIONAL GREEN BUILDING STANDARDS AND REGULATIONS.
CBNME EVENT CONSTRUCTION Innovation Awards 2023 The winners for the Construction Innovation Awards were announced on October 24th at Sofitel Dubai the Palm. The event was organised by Construction Business News Middle East and BNC Publishing. Construction Innovation Awards 2023 is one of the leading events applauding the achievements of the region’s construction professionals. The awards strive to recognise individual excellence, corporate strengths, and project success. Companies were invited to nominate the people, projects, and initiatives of which they are most proud of categories. This year, as in the previous years, will focus on the whole Construction ecosystem, however in the newly added categories companies were able nominate based on their technology, innovation, and AI initiatives as well.
CONSTRUCTION INNOVATION AWARDS 2023 PLATINUM PARTNERS CATEGORY PARTNERS GOLD PARTNERS OFFICIAL FINTECH PARTNER REAL ESTATE PARTNER
CBNME EVENT 3D PRINTING CONSTRUCTION COMPANY OF THE YEAR ARCHITECTURE FIRM OF THE YEAR 3DXB GROUP U+A
CONSTRUCTION INNOVATION AWARDS 2023 BEST ISLAND PROJECT OF THE YEAR BEST INNOVATION IN CONSTRUCTION LEAD REAL ESTATE DEVELOPER | JUBAIL ISLAND ALEC
CBNME EVENT COATINGS AND WATERPROOFING SUPPLIER OF THE YEAR DELTA COATINGS INTERNATIONAL AMAQ – ARAB NATIONAL BANK, RIYADH | HEAD OFFICE COMMERCIAL PROJECT OF THE YEAR
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CBNME EVENT CONSTRUCTION CONTRACTOR OF THE YEAR CONSTRUCTIION CEO OF THE YEAR ALEC SULTAN BATTERJEE | CEO OF IHCC AND LIFESTYLE DEVELOPERS
CONSTRUCTION INNOVATION AWARDS 2023 CONSTRUCTION TECHNOLOGY PROVIDER OF THE YEAR CONSTRUCTION TECH LEADER OF THE YEAR OPENSPACE KAARIN KALAVUS-COLLINS | TURNER & TOWNSEND
CBNME EVENT CONSULTANT OF THE YEAR FACILITIES MANAGEMENT CEO OF THE YEAR TURNER & TOWNSEND STUART HARRISON | EMRILL
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CBNME EVENT FACILITIES MANAGEMENT COMPANY OF THE YEAR FIRE SAFETY CONSULTANT OF THE YEAR EMRILL TENABLE FIRE ENGINEERING CONSULTANCY
CONSTRUCTION INNOVATION AWARDS 2023 FIT-OUT FIRM OF THE YEAR ALEC FITOUT FITTING SPECIALIST OF THE YEAR KLUDI
CBNME EVENT FM OPERATIONS EXECUTIVE OF THE YEAR FM CLIENT-CONTRACTOR AWARD KARTHIKEYAN RAGOTHAMAN MRICS | BFM – BLOOM FACILITIES MANAGEMENT MUSANADAH FACILITIES MANAGEMENT
CONSTRUCTION INNOVATION AWARDS 2023 MEP CONSULTANTS OF THE YEAR HOSPITALITY PROJECT OF THE YEAR ALSUWEIDI CONSULTANTS U+A | SIX SENSES, AMAALA TRIPLE BAY
CBNME EVENT MIXED-USE DEVELOPMENT PROJECT OF THE YEAR KEO INTERNATIONAL CONSULTANTS | ADDRESS GRAND CREEK HARBOUR NEW MARKET ENTRY MERED
CONSTRUCTION INNOVATION AWARDS 2023 SUSTAINABLE PROJECT OF THE YEAR SEABOOST | EGIS SUSTAINABLE CONTRACTOR OF THE YEAR ALBAWANI GROUP
CBNME EVENT VISIONARY LEADER OF THE YEAR THE LIFETIME ACHIEVEMENT AWARD ENG FAKHER AL SHAWAF | ALBAWANI GROUP KEZ TAYLOR | ALEC
CONSTRUCTION INNOVATION AWARDS 2023 WOMEN EXECUTIVE OF THE YEAR LAURE RUSSIER | BÈCLE AT EGIS
30 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM CBNME DIGITAL CONSTRUCTION Design and construction teams often struggle to find a seamless way to identify issues and circulate to appropriate stakeholders. > 62% of construction professionals transfer filed data manually or via spreadsheets. > 30% of data created during design and construction is lost by project closeout. > 35% of time (over 14 hours per person, per week) is wasted on non-optimal activities. > 3.9 hours/week dealing with mistakes & rework. > 4.7 hours/week spent on conflict resolution. > 5.5 hours/week looking for project information. At Khansaheb we want to make this easier, by bringing teams together, improving quality, helping teams avoid costly rework, and connect site and office. Through our partnership with Autodesk, Khansaheb selected Autodesk Construction Cloud (ACC) an End-to-End solution that addresses a comprehensive list of capabilities. It serves key aspects of project collaboration like document management, field management, task management and asset management. It serves as a digital platform where we handle all project-related information and processes. Consultants and subcontractors interact with us through this platform, while we create a comprehensive digital record of the project. It stores and manages every 3D model, drawing, specification, inspection, issue, photo, RFI, submittal and transmittal in a single digital space, complete with approval and review workflows. A s we constantly hear, our industry is faced with ever-increasing pressure to collaborate more efficiently, gather, and share more data, increase visibility, reduce cost, time, and waste. At the heart of the conversation on how this can be done is the Common Data Environment (CDE), a single source of information used to collect, manage and distribute documentation for the whole project team. A DIGITAL First Approach IN CONSTRUCTION BY DEREK BOURKE, DIGITAL CONSTRUCTION AND BIM MANAGER
CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 | 31 LEADING & SHAPING The CDE helps to connect the client, design team, engineers, and the site teams at Khansaheb, as well as supporting communication with subcontractors. We have over 600 users with over 100 companies on the platform, involving stakeholders from project managers, senior engineering staff, owners, developers to QA/QC engineers. Everyone can access the information they need, when they need it, and be confident that the data is accurate, instant and transparent, offering accountability for everyone, including consultants, subcontractors and within the Khansaheb team. The business can in turn give confidence to project stakeholders and clients about the progress of the overall project. Building Information Modelling (BIM) plays a pivotal role in the digital first approach to construction, serving as a key component that enables collaboration and data-driven project management. BIM creates a centralized repository that houses comprehensive and detailed information about a construction project. BIM done right facilitates collaboration among various stakeholders such as architects, engineers, contractors, and subcontractors, promoting transparency and reduces the risk of miscommunication. 3D modelling provides a visual representation of the entire project. This not only aids in design visualization but also enables real-time updates as the project progresses. BIM ensures that relevant project information is readily accessible to all stakeholders. This availability of data supports information decision-making at every stage of the construction lifecycle. BIM allows for the analysis of different design scenarios, helping project managers assess the impact of various decisions on cost, schedule, and other key metrics. This data-driven insight enhances the overall efficiency and effectiveness of the project management. 3D Model Coordination allows our project teams to review, and detect clashes between different follow on trades during a construction project, for example two design teams may be working separately on structural and MEP (Mechanical, Electrical & Plumbing) models. These two models need to be coordinated before any construction begins, to check that they fit together. A clash may occur if, for example, a pipe housing electrical cables overlaps with a structural beam. In this case, one of the models would need to be modified to remove the overlap, and therefore resolve the clash in the office before it occurs on site. Addressing clashes in a 3D model before they occur on the construction site can lead to significant cost savings. Design Collaboration dramatically improves project teams’ ability to meet the demands of a modern construction project. Each project requires unique approaches and has different dynamics between the teams tasked with delivering on time and on budget. Based on this diversity, BIM allows teams to choose how they work with other teams. Sometimes they need to be constantly in sync, while in other cases they need to control the exchange of information between each other. Khansaheb has developed a sensible and practical approach to the use of BIM on projects, the success of our projects depends upon the cost and resources associated with it. It is important to strike a balance between modelling at a higher level of detail than required for clash detection and shop drawing production but also reaching a high level of BIM maturity to allow the end user to use the information acquired during construction for the operational phase of the project. Khansaheb is taking the approach that asset information models will be dynamically fed into a CAFM (Computer Aided Facilities Management) system to support efficient process for the operational phase. This in turn enables the next step in transformation of the construction industry, “digital twins”, by giving owners rich and accessible data for next-level building operations, placing Khansaheb at the forefront of the technology trends that matter most to our customers. A digital twin of a building or facility will offer several advantages from a facility management perspective, enhancing efficiency, sustainability, and improving the health and wellbeing for the building occupants. Facilities managers can access real-time data about various aspects of the building, including energy usage, occupancy levels, and equipment performance. This information will allow for proactive decision-making, predictive maintenance, better space utilization, improved security, remote operations and maintenance and immediate response to issues to name but a few. A digital twin of a building has the potential to offer facilities managers a comprehensive and dynamic toolset to optimize operations, reduce costs, enhance safety and security, and contribute to sustainable and efficient building management. BUILDING INFORMATION MODELLING (BIM) PLAYS A PIVOTAL ROLE IN THE DIGITAL FIRST APPROACH TO CONSTRUCTION, SERVING AS A KEY COMPONENT THAT ENABLES COLLABORATION AND DATA-DRIVEN PROJECT MANAGEMENT.
32 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM CBNME LUXURY T he very paradigm of luxury real estate in Dubai is evolving beyond the conventional trappings of opulence. Today’s elite residences integrate groundbreaking innovations, sustainability, and customization to create truly enlightened living spaces. As developers, our vision must be fresh and human-centric - designing homes as sanctuaries for personal growth and wellbeing, not superficial extravagance. The discerning homeowners of tomorrow seek abodes that actively nourish the mind, body, and soul. Integrated Wellness Technologies Integrating wellness technologies is pivotal to this new vision. Picture dwellings where circadian lighting rhythms promote deep sleep and relaxation. Focused audio environments by high-end consumer electronic brands enhances mental acuity. Air purified by HEPA nanofiltration systems and indoor botanical gardens detoxifies the lungs. Biometric mirrors analyze vital signs while VR pods guide meditation. Voice-activated aromatherapy diffusers release soothing scents on command. Posture-correcting flooring improves alignment. These enhancements allow luxury developers to engineer homes that nurture physical and mental health. Sustainable Design Sustainability is now non-negotiable too. Solar power, geothermal HVAC, wind turbines make homes energy independent. Water-saving fixtures, greywater systems and smart sprinklers enable conservation. LUXURY LIVING INNOVATIONS THAT ENRICH LIFESTYLES THE NEW ERA OF BY SAIRA AZIZ, HEAD OF SALES, DECA PROPERTIES
CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 | 33 Partnering with eco-conscious brands demonstrates shared values. For the enlightened luxury homeowner, sustainable living is essential. Smart Home Automation Seamless integration of technology also heightens the elite experience. Voice-activated climate, lighting and music create intuitive, automated homes. 3D facial recognition eliminates keys and passwords, granting access through biometrics. Electrochromic glass tints automatically optimize natural light. Geo-fenced apps allow customizing preferences remotely based on location. The smart luxury home operates as an adaptive ecosystem in tune with habits and needs. Customized Luxury Modular walls, movable partitions, and 3D printed architectural details enable endless personalization too. Developers can offer exquisitely tailored spaces with ergonomic furniture based on owners’ measurements. Digital glass walls provide customizable views. The integration of responsive materials makes luxury living creative. Brand Collaborations For unmatched sophistication, strategic collaborations with premier brands bring coveted style into living spaces. Partnerships with luxury brands enable seamless integration of tech and amenities that exude prestige. Material finishes co-created with fashion houses embody signature sensibilities. Options for curated art from acclaimed galleries add cultural richness. For discerning residents, these synergies manifest bespoke luxury lifestyles. Customization Collaborations enable made-to-measure personalization. Ergonomic furniture based on biometrics, monogrammed accessories, art collections curated based on tastes, fragrances blended for specific wellness effects - residences can be utterly tailored through co-creation. Audiovisual Technology Collaborations with audiovisual experts allow incorporating cutting-edge entertainment and automation features. State- of-the-art projection systems, acoustically perfect concert halls, and gesture-controlled lighting and music create immersive environments. Voice-activated systems by Google and Amazon enable intuitive, hands-free control. Bespoke Lifestyle Experiences Today’s luxury developments in Dubai are conceived as hubs of unique experiences beyond just residences. The emphasis is on exclusive services and amenities that enhance owners’ lifestyles. Expect member-only clubs, co-working spaces, golf simulators, experiential gardens and more within communities. Wellness is a priority, with state-of-the-art fitness centers and spas. Concierge teams handle tasks allowing residents ultimate convenience. Some developers collaborate with hospitality brands to deliver five-star service including dining, housekeeping and activity planning. The aim is highly personalized, hotel-style living. THE NEW ERA OF LUXURY LIVING | INNOVATIONS THAT ENRICH LIFESTYLES AS DEVELOPERS, OUR VISION MUST BE FRESH AND HUMAN-CENTRIC - DESIGNING HOMES AS SANCTUARIES FOR PERSONAL GROWTH AND WELLBEING, NOT SUPERFICIAL EXTRAVAGANCE. >>>
34 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM CBNME LUXURY Transformative Experiences: Beyond Traditional Amenities Equally vital is crafting residences focused on transformative human experiences. Integrated augmented and virtual reality capabilities offer immersive cultural explorations from the comfort of home. Levitating meditation pods leverage magnetic technology for new wellness perspectives. Observation lounges with real- time video walls connect with global cities. Swimming facilities have adjustable flowrates and temperatures for customized therapy. Snow rooms, zero-gravity chambers, experiential botanical gardens, and golf simulators fulfill aspirational pursuits within the residence. The enrichment of life through technology and design is the focus. Prioritizing Privacy and Security in Luxury Residences Finally, privacy and security have also emerged as priorities. Blockchain-powered home networks offer encrypted data protection. Multi-tiered cybersecurity and anti-hacking systems provide impenetrable safeguards. For affluent residents, safe rooms and private zones controlled by biometric access or face ID offer ultimate peace of mind. With data vulnerabilities increasing worldwide, full-spectrum technological security has become integral to luxury living. Elevating Luxury to New Heights In the dynamic landscape of Dubai, where innovation and luxury converge, the concept of high-end living is being redefined. The opulent homes of yesterday no longer suffice as discerning homeowners demand living spaces that enrich their lives. Today’s luxury must integrate wellness, sustainability, and automation seamlessly. The future of luxury living in Dubai is very much about crafting communities with truly innovative amenities, bespoke fittings and furniture, personalized concierge services, and advanced technologies that simplify and enhance the lifestyle experience. Saira Aziz, Head of Sales, Deca Properties
36 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM LUXURY LIVING: D ubai’s property market continues its upward trajectory, with the high-end luxury segment emerging as a driving force behind the city’s real estate success. This trend reflects a paradigm shift in the preferences of high-net-worth individuals seeking more than just a residence, but an unparalleled lifestyle. Dubai offers a unique value proposition. For luxury homes exceeding $30 million in value, Dubai boasts an average value for space of $1,700 per square foot, a noteworthy contrast to major global cities like New York or London, where the average price per square foot for such units exceeds $2,000. This emphasizes that buyers in Dubai are investing in the broader Dubai brand – its vision, potential, and ambition. Despite challenging macroeconomic conditions worldwide, Dubai’s luxury real estate market has shown remarkable resilience and success. These home prices surged by nearly 50% in the year leading up to June, securing the city’s position at the top of global rankings for the eighth consecutive quarter, as reported by Knight Frank. This sustained growth is partly due to the relatively affordable prices of luxury homes, which stand at around $850 per square foot — a figure that underscores Dubai’s competitive edge. Additionally, proactive governmental initiatives have been instrumental in this ascent, positioning Dubai as one of the most accessible luxury home markets in the world. DUBAI’S EVOLUTION IN RESIDENTIAL PROJECTS The in Next Frontier BY FARHAD AZIZI, CEO OF AZIZI DEVELOPMENTS CBNME REAL ESTATE
CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 | 37 The allure of Dubai extends beyond real estate prices; it harmoniously merges tradition and modernity, emphasizing safety, opulence, and convenience amidst the striking contrast of towering skyscrapers against pristine beaches. In this landscape, the surge in demand for luxury real estate stands out, propelled by the growing population of high-net-worth individuals reshaping the supply and demand dynamics. Often, these groups have European sensibilities and their desire is to find the best of the continent in this Gulf oasis. That is the draw of Azizi Venice. Capturing the essence of Venetian grandeur, Azizi Venice is meticulously crafted to emulate the intricate beauty and architectural nuances of its Italian namesake. Nestled within burgeoning Dubai South, this enclave promises a blend of high-end living with the charm of Euro aesthetics. It’s a residence that celebrates culture and refinement that appeals to those seeking a certain familiarity. Azizi Venice’s waterfront lifestyle community has emerged with all of that in mind. Spread over 24 million square feet, it will feature a crystal-blue water lagoon, and Dubai’s second opera, among other unique amenities. The approximately 30-billion-dirham mixed-use development will comprise over 30,000 residential units, including luxury villas, condominiums, and mansions. The turquoise waters frame beach-like shores, an 8-kilometre-long cycling and jogging track, yoga and sports facilities, and a promenade with artisan eateries and boutiques, all complemented by lush, dense greenery. At the heart of Azizi Venice lies its air- conditioned boulevard, a vibrant artery that comes alive with the change of seasons. During the cooler months, the boulevard remains open-air, inviting in the gentle winter breeze, while the hotter summer months see it transformed under a glass canopy, offering a cool, temperature-controlled retreat. This ingenious design sets the stage for year-round activity, with three- story buildings that house premier retail outlets, global dining experiences, and a plethora of entertainment options. Additionally, the Azizi Opera, a masterpiece of contemporary architecture, enhances the boulevard’s charm. It stands as a cultural beacon set to attract over 30,000 visitors daily, poised to become one of Dubai’s eminent venues for high-end cultural and community events. Azizi Venice’s luxury extends to its hospitality offerings, featuring two Azizi- owned and operated five-star hotels at entrances and a boutique hotel on an island in the lagoon. The meticulous planning includes many underground parking spaces, ensuring seamless access for all. Dubai’s residential projects are not merely about lavish living spaces; they are about meeting a transformative lifestyle, blending top-tier desires, innovation, and cultural richness. As the city continues to be the next frontier, investors and residents are embracing unparalleled opportunities. Azizi Venice exemplifies this evolution with its Italo-inspired lifestyle, marking a pinnacle in luxury living beyond expectations. DESPITE CHALLENGING MACROECONOMIC CONDITIONS WORLDWIDE, DUBAI’S LUXURY REAL ESTATE MARKET HAS SHOWN REMARKABLE RESILIENCE AND SUCCESS. INVESTING IN LONDON REAL ESTATE | A GOLDEN OPPORTUNITY FOR GCC INVESTORS Farhad Azizi, CEO of Azizi Developments
38 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM S&S is a boutique, research and design lead practice. We contribute to the built environment and design buildings that have a positive impact on people, places and the environment. The clients inherited a plot of land in a working farm in an area which is rich in wild life and palm trees in Jasra, kingdom of Bahrain, sadly farming practices are on the decline in lieu of more profitable activities such as development. The clients wanted to retain as much of the landscape as possible in order to support the existing wild life and greenery and therefore any proposal had to support this brief and any future house had to be connected to nature and the proposal has to contain a vegetable patch where the clients can grow their own produce. The design of the project started in 2017 and went on site in April 2019 and faced many delays due to Covid. The project was finally completed and occupied in November 2022 and therefore the villa has been occupied for 1 year. The clients have become very close friends of ours and having been in contact with them recently, they have recently stated “it’s been the best experience living in it” The plot area was 4000sqm with the building having a BUA of 2100sqm out of which 700 sqm of that is for the basement. The total BUA area above ground is therefore 1400sqm with site coverage of approx. 35%. It is important to note that as per the planning regulations in Bahrain site coverage is allowed up to 55% however it was decided very early on that we wanted to not utilize the allowable coverage and to have more landscape then building. Salloum & Salloum Architects explain the concept of Jasra House and how they wanted create an architecturally inspirational piece of design carefully curated around the life style of their clients A Lush Oasis in Bahrain CBNME DESIGN
CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 | 39 The concept of Jasra house was to create an architecturally inspirational piece of design carefully curated around the life style of our clients. It is a culmination of a research driven piece of architecture meticulously detailed that borrows ideas from vernacular architecture in the Gulf re-interpreted by using contemporary ideas and living standards. We designed a villa with an open courtyard in the middle where every room with large glazed surfaces looks onto nature thus creating a catalyst for social engagement and an opportunity for the family to interact especially in a world where social media is slowly eroding the family unit. The site is located in an area of Bahrain rich in farming history and vegetation. We wanted to therefore create a building that felt connected with nature by intertwining plants with the architecture and highlighting the historical nature of the site. Very early on we discussed with the client about having a basement that housed all the services which meant that as much of the plot can be left to be enjoyed as a landscaped area and to discuss with the rising cost of electricity and water shortages. One of the primary challenges was to find a suitable contractor that can deliver to such quality and workmanship and to understand the level of details and complexity that is required and a building that can meet the budget. The next challenge was to ensure that all M&E systems are designed to be hidden away from the naked eye and thirdly to find a glazing and aluminum system that can provide the height of 4m clear glazed surfaces and be able to slide and perform in the extreme temperatures in the Gulf with temperatures regularly reaching up to 49degrees in the summer. The clients were excellent to work with, they worked closely with our office and were very supportive of the overall design vision throughout the many challenges the project faced and remained committed throughout the process. The structure was designed in post tensioned concrete which meant there was an overall saving of about 20% in the use of reinforced concrete thus making the structure more environmentally conscious. A LUSH OASIS IN BAHRAIN THE CONCEPT OF JASRA HOUSE WAS TO CREATE AN ARCHITECTURALLY INSPIRATIONAL PIECE OF DESIGN CAREFULLY CURATED AROUND THE LIFE STYLE OF OUR CLIENTS. >>>
40 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM Our design studio worked closely with OTIMA an aluminum and glazing system that performs at 4m heights, provided the thermal efficiency in extreme heat and allowed maximum visibility with very slim profiles. The team at OTIMA were very supportive and provided us with technical expertise in order to achieve the overall vision of the project. The glazing also provided an opportunity and a feeling of the rooms that felt interconnected with each other and with nature. At our studio we approach every project differently, being a studio that also focusses on interiors, we have the benefit of being able to develop the design of the architecture and interior together. Our studio really focusses on the details. For example, the family dining table was designed by us to be made out of travertine, the table was made by a specialist stone mason in Italy from a pre-selected block of marble and shipped to Bahrain this table weighed about 1 tone and had to be lifted into place by specialist crane. These details are very time consuming but at the end make the difference to the project. This philosophy runs through everything we do at S&S architects. One of the very first things we adopted early on in this project was to design a basement where all the services, carparking and M&E equipment will be housed. We looked at the thermal performance and shading strategy of the villa. All the AC cooling is based on a VRF system which are more energy efficient and cut down on electricity demand by 40%. The walls of the villas were well insulated and open glazed areas were away or setback from direct sunlight to minimize solar gain. We installed an RO plant to purify municipal water to drinking grade and we used the redundant water from the RO plant back to be used for the landscape. All other equipment such as the water tanks, pumps were located in the basement. This is unusual in Bahrain where often you see mechanical equipment placed on the roof. The benefits of storing all this equipment in the basement meant that you get cold water in the summer months and secondly you get longer life out of the equipment reducing the required maintenance and equipment replacement. This building demonstrates that good design can have a positive impact on how good architecture in residential housing can be. It clearly has had a very positive impact on the clients, they are very happy living in the house and can see first-hand how good design can change one’s perspective. Thirdly this piece of architecture has shown other designers that there is an opportunity to develop pieces of architecture that are design lead. CBNME DESIGN
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42 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM CBNME TECHNOLOGY KEO’S DIGITAL FIRST APPROACH: LESSONS IN TRANSFORMING CONSTRUCTION THROUGH INNOVATION BY JUAN TENA FLOREZ, DIGITAL SERVICES DIRECTOR & CHRIS SMEATON, DIGITAL CAPABILITY DIRECTOR
CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 | 43 KEO’S DIGITAL FIRST APPROACH | LESSONS IN TRANSFORMING CONSTRUCTION THROUGH INNOVATION T he construction industry is experiencing a profound transformation driven by the rapid evolution of digital technologies. Firms like KEO are at the forefront of this paradigm shift, ushering in both technological advancements, and fundamental changes to how the construction sector operates. Key advantages of this shift include data- driven decision-making, enhanced collaboration, improved efficiency and productivity, enhanced safety, cost savings, and more sustainable construction. This article explores the holistic digital transformation, delving into technologies such as Building Information Modeling (BIM), smart construction, digital twins, AI, and cloud solutions that form the core of a digital-first approach in the construction industry. Cloud solutions are the building blocks on which a digital-first approach is built. They play a crucial role in facilitating seamless communication and coordination among project teams in construction, regardless of geographical location. They enable real-time collaboration, provide access to centralized information, offer communication platforms, support file sharing and version control, streamline task and project management, and ensure security and data backup. Central to any digital-first strategy is Building Information Modeling (BIM). It acts as a collaborative tool, streamlining information management throughout a project’s lifecycle. KEO’s “model-first” approach, exemplified by ISO19650 certification, standardizes design, engineering, and asset information, fostering collaboration across diverse project stakeholders. By leveraging BIM as a key component of the digital-first approach, construction projects can benefit from improved collaboration, more informed decision-making, and optimized project management, ultimately leading to more efficient and successful outcomes. Digital transformation extends beyond the drawing board to the construction sites themselves. Smart construction sites leverage real-time data collection and analysis through sensors, IoT devices, and digital technologies. Drones provide a bird’s-eye view of construction sites, improving project surveillance and monitoring and allowing us to track progress and identify potential issues. On the ground, KEO is exploring the use of robots, such as SPOT which can be used to conduct inspections, using 360 cameras and sensors to spot defects or record progress monitoring images. Smart construction sites offer benefits such as enhanced project monitoring and control in real time through 4D/5D simulations and 360 photogrammetry, improved resource management, increased productivity and efficiency, proactive safety measures, and sustainability through environmental impact reduction. >>> CHRIS SMEATON, Digital Capability Director, KEO
44 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM CBNME TECHNOLOGY AR and VR technologies allow stakeholders to visualize construction projects. KEO is using this to transform how parties interact with construction in 3D before breaking ground and during construction to visualize design compliance. Together, these technologies form part of a greater push toward the digital transformation of construction, with the end goal of making the industry safer, more efficient, sustainable, and cost-effective. Implementing a comprehensive digital transformation strategy across a multinational, multidisciplinary organization requires a mindset of innovation and organizational agility. KEO is achieving success in several ways. Firstly, through the development of strategic partnerships with technology giants like Autodesk Tandem, TwinView, and POWERBIM which allow us to deliver scalable, cutting-edge solutions for clients, ensuring data integrity and utility while enhancing our internal culture of innovation. Digital twins, digital replicas of real-world physical assets or systems, are created using IoT sensors, spatial mapping, BIM, and advanced data analytics. In construction, digital twins allow for simulation of the construction process, data-driven analysis throughout the lifecycle, ongoing monitoring and control, and support lifecycle management. Recently, KEO created a digital twin of its Dubai offices for use as a case study in asset information modeling at the recent Autodesk University conference. By creating a digital replica of our office space, we demonstrated how this technology goes beyond conventional project applications, extending its benefits to facility management and lifecycle management. We are also actively engaged in developing one of the UAE’s first digital twins for a high-rise tower in Abu Dhabi, through which we aim to provide the asset owner with comprehensive data leading to benefits such as reduced costs, increased productivity, better risk mitigation, enhanced safety, and improved sustainability across the building’s lifecycle. As this digital revolution continues, emerging technologies such as Artificial Intelligence (AI), Blockchain, Augmented Reality (AR), and Virtual Reality (VR) will become integral parts of our arsenal. AI is revolutionizing project planning, risk management, and approaches to design. KEO is now using AI to analyze large volumes of complex data, allowing for increased productivity, efficiency, and improved decision-making in construction processes. Machine learning algorithms can predict construction delays, improve safety by identifying potentially hazardous situations, and optimize resource allocation.
CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 | 45 KEO’S DIGITAL FIRST APPROACH | LESSONS IN TRANSFORMING CONSTRUCTION THROUGH INNOVATION In addition to technology adoption, KEO reinforces its digital-first approach through a robust internal digital capability network and online learning initiatives. These components provide crucial support and leadership, ensuring the company’s workforce remains adept as they navigate the evolving digital landscape. In the pursuit of excellence, and as a consequence of well-documented skill shortages, it’s important to not be limited to locally available talent. Digital-first organizations must actively seek out key talent from around the world. By embracing a global talent strategy, organizations can leverage the unique strengths of individuals from different cultural backgrounds and experiences, driving innovation and enriching the overall fabric of the workplace. Learning and development is also crucial, with a focus on collaboration between industry leaders, educational institutions, and professional associations. KEO’s BIM Academy and our Digital Advisory Services are working together to define industry standards and develop curriculum and training programs that incorporate the latest digital tools and techniques. KEO’s journey provides valuable lessons for others. We have seen first-hand that a digital-first approach transcends mere technology adoption; it signifies a cultural and operational shift toward more efficient, sustainable, and cost-effective building practices. The integration of BIM, smart construction, digital twins, AI, and cloud solutions heralds a new era in construction—a collaborative, data-driven era, responsive to the evolving needs of our world. In this digital age, where every blueprint, every simulation, and every decision is powered by data, the construction industry must continue to embrace the digital future, recognizing it as the key to more resilient and innovative construction practices. JUAN TENA FLOREZ, Digital Services Director, KEO AS THIS DIGITAL REVOLUTION CONTINUES, EMERGING TECHNOLOGIES SUCH AS ARTIFICIAL INTELLIGENCE (AI), BLOCKCHAIN, AUGMENTED REALITY (AR), AND VIRTUAL REALITY (VR) WILL BECOME INTEGRAL PARTS OF OUR ARSENAL.
46 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM CBNME EXPERT INSIGHT DIGITAL CONSTRUCTION Every construction firm today would agree that digitalisation is key, but has this recognition translated to an on-ground reality? How would you assess the regional construction industry in this regard? There is no doubt that digital transformation is a hot topic in the boardrooms of construction firms. But while digital technologies — ranging from Building Information Modelling (BIM) and Augmented/Virtual Reality, to robotics, drones, digital twins and cloud software — are heralding a new era of possibilities and efficiencies for the global construction sector, there has generally been a lag in adoption of these technologies in the region. This is largely because there remains trepidation in the region due to the steep learning curve and challenges around integration between systems and deciding what investments will yield maximum positive impact. That said, we see that the regional construction industry has done well in its adoption of digital technologies like BIM, IoT, and AI. However, despite these advancements, there is still room for further development and alignment with international standards. For example, there is a need for the implementation of information management using TOALEC’s approach In Conversation with Andy Boutle, Head of Digital Construction at ALEC
CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 | 47 ALEC’S APPROACH TO DIGITAL CONSTRUCTION | ANDY BOUTLE BIM to mature to beyond ‘BIM Level 2’ to follow the ISO 19650 series, from project delivery through to asset operation. This will help to facilitate better collaboration and data sharing. There is also a need for more training and education programs to ensure that the workforce is equipped with the necessary understanding of new processes underpinned by digital skills. What are the factors promoting the adoption of digital technologies in the region? Analysis by McKinsey Global Institute (MGI) shows that investing in technology and innovation is one of the key factors in boosting the construction sector’s productivity by up to 60%. Such productivity gains are the need of the hour for the industry which is presently confronted with several challenges - skills and labour shortages, productivity issues, attitudes towards change, outdated procurement models, lack of transparency and many more. The digitalisation of the section will undoubtedly help solve, if not at least simplify many of these challenges. Of course, this can neither happen overnight, nor could it be solved by a single organisation independently. A consistent maturity of the broader sector will be needed, including new contract models and procurement routes. ALEC has always prided itself on being at the forefront of innovation in the industry. Could you comment on the present level of maturity of digital transformation in your organisation? Having successfully leveraged the latest technologies on several projects we have now been directing our digital transformation inwards. This involves streamlining our processes through digital technologies, tackling interoperability, standardising the information (data) layer, and integrating solutions where required. In doing so, we will inevitably promote technology adoption among our clients and partners, leading to a digital-first mindset across the industry that advances the sector towards greater efficiency, quality, and sustainability. For example, having successfully achieved the BSI Kitemark ISO 19650 certification for information management using BIM, we are now turning our attention to other areas where we can leverage digital solutions to enhance operations. We are currently deploying a new Enterprise Resource Planning (ERP) system that will digitalise our internal processes to enhance business intelligence through analytics and reporting. You’ve mentioned ALEC’s drive towards data standardisation. Could you share insight into what the actual solutions are that makes this possible? We have brought two significant technologies into our software stack as part of a standardisation/refinement initiative. The first is Revizto, a collaboration technology which connects 2D, 3D and coordination issue management. Given the size and complexity of the projects that ALEC delivers, this has proved to be ‘best in class’ for these capabilities. ANDY BOUTLE, Head of Digital Construction, ALEC >>>
48 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM CBNME EXPERT INSIGHT We have also been busy implementing Morta, a cloud-based database for developing online, dynamic resources (documentation) to act as an information hub, and single source of truth on our projects. All of our ISO 19650-2 aligned templates are built in Morta, and we can start to automate processes such as connecting information delivery plans to Common Data Environment (CDE) solutions to monitor/track and report. Morta is also impressively scalable and I’m working with some of our other departments to explore how we could extend its benefits to their operations as well. Are there any particular software solutions or tools that have caught your attention? ALEC uses Synchro for construction simulation, but are currently evaluating Fuzor which looks like a really good alternative. Its animation functionality means you can almost use it for work- winning simulations and as a proper sequencing tool for construction too. And while I’ve just mentioned it, I believe it’s worth mentioning again - Morta. We’ve built all our ISO 19650 resources using Morta’s online platform for tables and documents rather than using the traditional Word and Excel. The deeper we dive into it, the better it is. It is proving to be a really powerful tool for us, and is now helping to digitise a number back office and project related processes that aren’t already taken care of in our other systems. What does the digital innovation roadmap for ALEC look like in the year ahead? The fruition of our digital vision would be the seamless interconnectivity of best- in-class digital solutions and systems such that all data is fluidly available across our enterprise. For example, an initiative we currently have underway at ALEC is to generate real-time progress updates in our project models – made possible through the integration of technologies such as HoloBuilder, laser scans that produce point clouds for Systems Under Test (SUT), and traditional manual data recording. We will also look to leverage the latest technologies in a meaningful way. As an example, while some may imagine AI to be a sort of all-encompassing solution to critical decision making, at ALEC, we are taking a more practical approach. Our intention is to leverage AI to increase efficiency by automating time-consuming, repetitive processes so our qualified professionals can win time back to focus on high-value tasks. Ultimately, the focus of our digital transformation efforts links back to our mission of delivering the greatest value possible to our clients. “HAVING SUCCESSFULLY LEVERAGED THE LATEST TECHNOLOGIES ON SEVERAL PROJECTS WE HAVE NOW BEEN DIRECTING OUR DIGITAL TRANSFORMATION INWARDS.”
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CBNME INTERVIEW “‘TOGETHER WITH OUR PARTNERS AND STAKEHOLDERS, WE CAN HAVE AN IMMENSE COLLECTIVE ENVIRONMENTAL IMPACT AT REDUCING CARBON FOOTPRINTS.” Samer Alawiah, Managing Director at Daikin UAE
CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 | 51 JOURNEY TOWARDS DECARBONIZATION IN CONVERSATION WITH SAMER ALAWIAH, MANAGING DIRECTOR AT DAIKIN UAE How can the HVAC industry strategically prioritize decarbonization efforts while ensuring growth plans, and what specific technologies or approaches should companies focus on to achieve these goals? Strategically prioritizing decarbonization efforts and ensuring energy efficiency advancements in the HVAC industry requires a comprehensive approach that aligns with growth plans. Here are some tailored strategies for achieving these goals: 1. Develop a Green Roadmap: > Set Clear Objectives: Define specific, measurable, and time-bound goals for decarbonization and energy efficiency improvements. > Integrate with Growth Plans: Align the green roadmap with overall business growth plans to ensure sustainability is a core element of the company’s expansion strategy. 2. Invest in Research and Development: > Innovative HVAC Technologies: Allocate resources to R&D for the development of cutting-edge HVAC technologies that are both energy-efficient and low-carbon. 3. Embrace Electrification and Renewable Energy: > Transition to Electric HVAC Systems: Invest in electric- powered HVAC systems to reduce reliance on fossil fuels. > Renewable Energy Integration: Incorporate renewable energy sources like solar and wind into HVAC systems, either through on-site generation or partnerships with renewable energy providers. Daikin installed 1,000 solar panels with a capacity of 515 kilowatt-peak (kWp) on the roof of Daikin’s regional headquarters in Dubai, meeting more than 80% of the energy consumption needs. This initiative was commissioned with Yellow Door Energy. We moved closer to our Net Zero by 2050 target with the launch of a new solar plant at its headquarters in Dubai. 4. Smart Building Solutions: > IoT Integration: Expand the use of IoT technologies and smart sensors to enable predictive maintenance, optimize system performance, and enhance overall energy efficiency. > Data Analytics: Leverage data analytics to identify patterns and opportunities for further efficiency improvements. 5. Employee Training and Engagement: > Skill Development: Provide training programs for employees to enhance their skills in installing, maintaining, and optimizing energy-efficient HVAC systems. > Employee Engagement: Foster a culture of sustainability and environmental responsibility among employees to drive collective efforts toward decarbonization. 6. Strategic Partnerships: > Collaborate with Green Tech Companies: Form partnerships with companies specializing in green technologies to leverage synergies and accelerate the adoption of sustainable HVAC solutions. > Industry Alliances: Join industry alliances focused on sustainability to share best practices and stay at the forefront of green innovations. 7. Regulatory Compliance and Certification: > Stay Ahead of Regulations: Proactively monitor and comply with evolving environmental regulations related to HVAC systems. > Certifications and Standards: Seek certifications and adhere to industry standards that demonstrate the company’s commitment to sustainability. JOURNEY TOWARDS DECARBONIZATION >>>
52 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM CBNME INTERVIEW 8. Customer Education and Engagement: > Promote Green HVAC Solutions: Educate customers about the benefits of energy-efficient and low-carbon HVAC systems, emphasizing long-term cost savings and environmental impact. > Offer Incentives: Provide incentives for customers to choose sustainable HVAC options, such as discounts or extended warranties. In conclusion, Daikin is dedicated to achieving its Net Zero objective by 2050 through a strategic blend of innovative products, advanced technologies, and comprehensive solutions and services. By integrating these elements, Daikin aims to establish itself as a leader in sustainability, meeting the growing demand for energy-efficient and environmentally friendly solutions. When it comes to climate change, what role do collaborations play in the HVAC industry’s journey towards decarbonization, and can you provide examples of successful partnerships that have made a significant impact? Collaborations play a crucial role in the HVAC industry’s journey towards decarbonization by fostering knowledge- sharing, driving innovation, and collectively addressing the challenges associated with reducing carbon emissions. Successful partnerships can result in the development and adoption of more sustainable technologies, practices, and standards. For example, our collaborations with reputable agencies such as ASHRAE (American Society of Heating, Refrigerating and Air-Conditioning Engineers), AHRI (Air Conditioning, Heating, and Refrigeration Institute), USGBC and many more assist considerably at agencies to conduct research and develop standards for energy-efficient HVAC systems. Collaborations with universities help in development of new products, refrigerants and technologies. In the UAE, one of our most impactful and successful partnerships is our collaboration with ESCO companies and specialized financial institutions that assist owners in accelerating their decision-making processes for the modernization and refurbishment of their existing AC systems with our new, energy-efficient ones. Considering the emphasis on innovative solutions within the HVAC-R industry, what are some specific technological advancements or practices that companies should adopt to contribute meaningfully to climate action efforts? Our technologies are made to take care of people and the planet. From the product development stage itself, our team of experts focuses on designing products that limit their impact on the environment. Upgrading and retrofitting air conditioning systems constitute proactive measures in mitigating climate change. As known, the majority of the environmental impact of AC systems comes from their usage. In the UEA, there are more than 5 million existing HVAC units, 12-15 years old, that are up for upgrades. Daikin prioritizes energy-efficient retrofits, introducing the R32 refrigerant, which cuts CO2 emissions by 72% compared 52 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM
CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 | 53 JOURNEY TOWARDS DECARBONIZATION to the previously popular R410a. The company’s latest inverter technology, adjusted for seasonal temperatures, can reduce energy costs by up to 50%. For new constructions, Daikin champions eco-friendly solutions like the VRV AC systems and inverter screw chillers with VVR technology. The company provides extensive support through its team of solution specialists and has launched several innovative products, including the R32 inverter units, a preferred choice for modern homes. These new solutions not only offer enhanced comfort but also improve air quality and energy efficiency. When it comes to villas and horizontal developments, there are currently hundreds of thousands of units constructed over a decade ago, each equipped with AC units ready for an upgrade. These structures present a notable opportunity for retrofits, utilizing our advanced technology, “Daikin VRV.” This intelligent system is capable of efficiently supporting multiple rooms, contributing significantly to the reduction of relatively high electricity bills. For relatively high structures of larger cooling capacities, Daikin has succeeded consistently at refurbishing and modernizing various projects with our unbeatable inverter air cooled chillers that lead to great savings exceeding 30 and 40 % in some cases and aided owners and operators at reducing their utility bills. In the context of new constructions, Daikin promotes eco-friendly solutions, primarily emphasizing inverter systems in DX and chilled water solutions. The company provides extensive support through its team of solution specialists to a broad spectrum of stakeholders, including owners, engineers, designers, and operators. We introduce innovative products and refrigerants designed for adoption in modern urban developments. These solutions aim to enhance comfort, as well as improve air quality and energy efficiency. Daikin with our direct and indirect channels has succeeded at modernizing & furnishing thousands of projects with cutting-edge solutions and we are committed at multiplying our efforts to maximize our positive impact towards the UAE, the environment, and the generations to come. How can HVAC companies localize their operations to align with environmental goals, and what measures can they take to ensure their activities benefit the communities in which they operate? Due to differences in individual aspirations toward combating climate change, unique environmental regulations and guidelines in each country, as well as distinct HVAC practices landscapes, companies’ implementations and practices of environmental strategies can never be uniform worldwide. That is why it is imperative for corporations like ours to uniquely identify the local environmental and decarbonization practices in every country they operate in. Daikin’s Environmental Vision aligns with the UAE’s Net Zero by 2050 strategic initiative. We are strongly committed to mutual environmental goals. This commitment is evident through a wide spectrum of practices that reflect our dedication to the UAE and the environment. Such practices can be summarized in: 1- Continuous engagement with Factories and R&D for developing the most adequate product, technology and solution to meet the rising local environmental guidelines and local authorities’ regulations. 2- Hiring local talents with vast local experience in addressing and tackling local environmental aspirations. 3- Continuous Learning and development of Daikin UAE Human assets to champion and advocate the most advanced energy efficient solutions, services as well as practices. 4- Constant engagement with local stakeholders for analysis and continuous improvement. 5- Undivided focus at development third parties for best optimal operations and maintenance of the air conditioning systems. 6- Constant advocacy on clean air, indoor air quality as well as noise pollution reduction 7- Swift local agility at revisiting our decarbonization action plans in an attempt to always improve and advance results. In terms of collaboration, how can HVAC companies work together with other stakeholders such as governments, NGOs, and local communities to create a holistic approach towards sustainable and climate-friendly practices? The internal shift in mindset toward a sustainable future must be the core focus of every organization’s culture and conduct. To create a holistic approach to sustainability and climate- friendly practices, it is imperative for every corporation to engage with every member and entity in the countries and societies they operate in. At Daikin, we collaborate with governments and their respective bodies for continuous engagement on the latest technologies and their positive impact, as well as the evolving local environmental guidelines. We also work with academic bodies to disseminate adequate knowledge into their communities about the importance of adopting the latest advancements in their daily practices. I am confident that the future will bring various incentive programs for residents and communities, and we are more than willing to engage for the optimal development of such credit/incentive systems. I would like to conclude with highlighting again and again our undivided focus and commitment at taking an impactful role in the battle against climate change. Together with our partners and stakeholders, we can have an immense collective environmental impact at reducing carbon footprints. As representatives of international or local organizations, our mindset must adhere to the fact that there would be no future with growing financials if there is no serious investment into sustainability and environmentally friendly practices.
54 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM CBNME URBAN MOBILITY PEOPLE-CENTRIC URBAN TRANSPORTATION E arlier this month, Stockholm announced a plan to ban diesel-and-gas-powered vehicles from entering large parts of its city center, in one of the world’s most far- reaching efforts to combat automobile emissions. It also potentially marks the beginning of the end for a form of transport that came to define urban landscapes. Indeed, one survey of US cities showed that downtowns devote an astonishing 50 to 60 percent of their space to vehicles. While this situation wasn’t really questioned by planners for many decades, today, there is a growing environmental and social movement to re-imagine urban transport systems with people, rather than cars, at the center. Here are a few options that policymakers might consider. Data optimization Any discussion about the future of transport in most cities still begins with how to optimize car transportation, and data analytics of traffic is key to successful outcomes. Sensors and cameras capture vast amounts of data about traffic flow, pedestrian movement, and public transport usage. When properly analyzed, this data provides city planners with real- time insights into the needs and patterns of its residents. These tactics can yield impressive results. For instance, San Francisco’s SFpark project utilizes sensors to gauge parking availability and then adjusts prices in real-time, ensuring optimal parking occupancy and reducing search time for drivers. Sensors have also been deployed all over in the UAE, especially at traffic lights where they activate the lights in response to traffic, helping optimize traffic flow, while also collecting data. Zurich also uses traffic lights to slow the movement of cars to the center once it starts getting congested, and then speed up their exit in the afternoons. In Singapore, vehicles are charged based on road congestion levels, effectively reducing traffic during peak hours. Singapore also utilizes data analytics to anticipate and manage public transport demand. Moving forward, there is a lot more we data analysts can do with the right information. Future solutions Along with pricing and taxation, and initiatives such as car park charges based on peak demand, there are many other tools that can improve efficiencies. For example, 60 percent of Copenhagen’s residents now commute by bicycle, thanks to continuous infrastructure development. Many cities, particularly in Europe and the US, have pedestrianized key areas, which has helped revitalize areas that were lost to traffic. New York’s Time Square and London’s Trafalgar Square are two famous examples. This approach can also be implemented on a more flexible basis. Bogotá, the Colombian capital, introduced ‘Ciclovía’, an initiative that closes around 120 km of streets to cars every Sunday, allowing pedestrians and cyclists to take over. Other methods to restrict traffic flows include London’s Ultra Low Emissions Zone, which has also led to a five times faster reduction of pollution in London than the rest of the UK. In the coming years, a combination of new technologies and sustainability goals will further redefine urban transport. Why urban planners need to think about communities, not cars BY MONICA MENENDEZ, ASSOCIATE DEAN FOR GRADUATE PROGRAMS; DIRECTOR OF THE RESEARCH CENTER FOR INTERACTING URBAN NETWORKS (CITIES); PROFESSOR OF CIVIL AND URBAN ENGINEERING AT NYU ABU DHABI
CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 | 55 PEOPLE-CENTRIC URBAN TRANSPORTATION Autonomous Vehicles could reduce the need for personal vehicle ownership, parking spaces, and lowering traffic congestion. The shift to electric vehicles, including buses and taxis, also seems inevitable, with cities across the world investing in EV charging infrastructure to cater to future demand. Helping coordinate and unify more complex and fluid transport systems, Mobility-as-a- Service (MaaS), envisioned as a singular digital platform, would combine various modes of transport – buses, trams, bikes, and ride-shares – offering an optimized commuting solution. This could especially help with first- and last-mile solutions. Looking further ahead, technologies like Hyperloop and magnetic levitation (Maglev) trains promise speeds surpassing traditional rail or even flights for inter-city transport. And while it might sound like science fiction, drones for delivery and passenger urban air mobility could become a part of the urban transit ecosystem. Societal values vs efficiencies It’s important to note that there is no one strategy that fits every city. Older cities that were not built for cars can sometimes adopt strategies to discourage vehicles more easily than cities built around modern roads. Cycling in Amsterdam makes more sense than it does in Abu Dhabi, for example, due to the layout of the city centre, cultural expectations, and climate. OUR PHILOSOPHY IS ROOTED IN PRAGMATISM, AND WE LEAD THE CHARGE IN GUIDING CONTRACTORS AND THE BROADER SUPPLY CHAIN TO UPHOLD PROGRAM AND PROJECT COMMITMENTS WHILE STAYING FIRMLY WITHIN BUDGETARY BOUNDARIES. >>>
56 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM CBNME URBAN MOBILITY MONICA MENENDEZ, Associate Dean for Graduate Programs; Director of the Research Center for Interacting Urban Networks (CITIES); Professor of Civil and Urban Engineering at NYU Abu Dhabi
Some Asian cities, including Tokyo, Singapore, and Hong Kong, successfully rely on public transportation, but can do so easily because they have very high population densities. There is also public tolerance, or otherwise, to certain measures. Singapore has developed a lot of pricing to discourage car ownership, which might not be so popular in London where initiatives such as 20mph zones have been perceived by sections of the public and media as ‘anti-freedom’. Even pedestrian zones, which have repeatedly been proven to benefit neighbourhoods, can face strong resistance from car-reliant residents. The lesson is that any transport policy must consider the culture and specific needs of residents for it to work. There is also a wider context of making cities liveable as well as functionable. Studies have shown that the provision of public transport services in bad neighbourhoods leads to lower crime rates and economic growth, due to residents being able to access better education and job opportunities. Conversely, when the Interstate Highway System was built across the US in the 1950s, the freeways were typically routed through poorer neighbourhoods, where real estate was cheaper, which effectively killed many once lively areas. So we must study these examples and consider what portion of society our policies benefit. When we only invest into cars, are we doing this to the detriment of the people that can only afford to use public transport services? And when we push people to more expensive electric cars, where does that leave people who cannot afford to upgrade? Some of these questions do not have easy answers. Thankfully, technology and data can empower decision-making, allowing cities to tailor solutions that are efficient, sustainable, and most importantly, people centric. By learning from global examples and embracing futuristic technologies, urban centers can pave the way for a revolution in transportation, ensuring a harmonious – and fairer – coexistence of people, technology, and the environment. PEOPLE-CENTRIC URBAN TRANSPORTATION
MIXED-USE DEVELOPMENTS THRIVING T he concept of mixed-use developments is not new. It has been guiding urban planning for centuries, tried and tested from ancient Rome to medieval China. But with their growing popularity in recent years, we need to recognise mixed-use districts as much more than just development projects. We need a renewed focus on maximising their growth potential as drivers of sustainable, cohesive, and thriving communities, as well as their integral role in providing an enhanced live-work-play experience for residents and visitors alike. Developers willing to embrace the complexities of mixed-use spaces will stand to leverage compelling benefits – be it attracting diverse demographics, increasing foot traffic, creating repeat visitation, or amplifying revenue streams from both local and international guests. For leading developers of tourism destinations and experiences in the UAE – such as Miral – the key to success can be found in creating the perfect synergy between leisure, entertainment, and hospitality. In my 20+ years of global development experience, I have found that this ambition is best guided through a two-fold approach: adopting a holistic approach to destination development; and prioritising the guest experience at every turn. How Can Mixed-Use Developments Thrive at the Intersection of Leisure, Entertainment, and Hospitality? CBNME TALKING POINT BY JONATHAN BROWN, CHIEF PORTFOLIO OFFICER, MIRAL 58 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023
Holistic approach to destination development The building block to any successful project is bringing together all the various components into a cohesive, complementary unit. At Miral, we bring this ambition to life by seamlessly blending conception, development, management, and promotion; and ensuring no stone is left unturned in creating a truly unforgettable destination. Developers should not only focus on the design of the building, but equally examine the lifestyles, health, and expectations of the residents and visitors. The end-goal should be to create a mixed-use destination that seamlessly blends into its surroundings and respects the heritage of the site and the neighborhood, while considering different aspects in the planning strategy, such as cost, location, building materials whilst creating tangible value. In addition, developers must also ensure an overall well-balanced mix of uses that complement each other, serving diverse guest needs and operating across a wide range of functions to create a dynamic and inclusive space that people want to be part of. “Convenience is king”; the guest perspective Mixed-use developments, at their core, must be experience driven. They must provide unparalleled convenience to residents and visitors as a one-stop shop, highly curated, experiential space that eliminates the need for extensive travel. For example, retail, dining, leisure, business, and residential areas – all located close to one another to create a vibrant, interconnected environment that enhances access to daily amenities. This is the guiding vision for us at Miral as we strive to not just create a world-class destination on Yas Island, but also offer the “Yas lifestyle” for our guests. Creating a hub where people can both live, work and play means developing places that people are emotionally drawn to and want to return to, and where they can create memorable experiences that last a lifetime. Yas Island: A prime example of a modern and thriving mixed-use development Yas Island is not just another destination; it is a response to the ever-evolving nature of lifestyle choices, providing the perfect blend of modern infrastructure, world-class amenities, and thrilling leisure experiences. It exemplifies the art of creating unforgettable memories and delivering moments of joy to visitors from around the world. Creating this thriving, vibrant lifestyle hub involved a multifaceted approach. Just 12 years ago, the island was a blank canvas upon which the vision and dream of His Highness Sheikh Mohamed Bin Zayed would be imprinted. His idea was to transform Yas Island into a dynamic destination for shopping, sports, theme parks, events, music and world-class residential living and businesses. Inspired by his vision, the Yas Island of today is a place that entertains, thrills, excites and unites families with its diverse attractions. It is a sought-after location that is deeply connected to the community and cultures it serves – bringing people together and creating a genuine sense of belonging. It is a one-stop, global hub for leisure, entertainment, and hospitality. >>> “IN MY 20+ YEARS OF GLOBAL DEVELOPMENT EXPERIENCE, I HAVE FOUND THAT THIS AMBITION IS BEST GUIDED THROUGH A TWO-FOLD APPROACH: ADOPTING A HOLISTIC APPROACH TO DESTINATION DEVELOPMENT; AND PRIORITISING THE GUEST EXPERIENCE AT EVERY TURN.” THRIVING MIXED-USE DEVELOPMENTS JONATHAN BROWN, Chief Portfolio Officer, Miral
60 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM From the world’s fastest rollercoaster at Ferrari Abu Dhabi to the largest-ever indoor theme park at Warner Bros. World Abu Dhabi, we are incredibly proud that we have brought some of the world’s most recognisable leisure and entertainment brands to the region – all ideally located within just minutes of each other. Catering to all tastes and ages, evoking feelings from thrill to joy and everything in between, these one-of-a-kind, seamless experiences invigorate all senses and create memories that last a lifetime. Yas Bay Waterfront, an iconic new lifestyle hub within Yas Island, is another example of how we seamlessly bring together renowned restaurants, world-class hotels, premier sporting and leisure facilities, and a state-of-the-art entertainment venue into a thriving mixed- use development. Another exciting and unique concept we’re thrilled about is the introduction of themed hospitality at Yas Island, enabling seamless guest connectivity, convenience, and immersion with our award-winning theme parks. Through our collaboration with Warner Bros. Discovery and Hilton, we have combined hospitality and entertainment to provide a truly unforgettable offering at the WB Abu Dhabi. The world’s first Warner Bros. themed hotel is located only steps away from Warner Bros. World Abu Dhabi, enabling an interconnected journey of discovery and rich storytelling through Warner Bros.’ timeless productions. Expanding on our alternative and diverse hospitality offerings near our theme parks is the Doubletree by Hilton Yas Island Residences, providing spacious, serviced accommodation for larger families and groups. With emphasis on longevity and sustainability, Yas Island is living proof that bringing together world-class attractions, theme parks, and hospitality offerings to deliver an integrated destination is where the future lies. The success of integrating such mixed-use developments into Abu Dhabi’s urban fabric is primed to yield dividends for years to come. “ANOTHER EXCITING AND UNIQUE CONCEPT WE’RE THRILLED ABOUT IS THE INTRODUCTION OF THEMED HOSPITALITY AT YAS ISLAND, ENABLING SEAMLESS GUEST CONNECTIVITY, CONVENIENCE, AND IMMERSION WITH OUR AWARD-WINNING THEME PARKS..” CBNME TALKING POINT
62 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM CBNME COP28 T he Paris Agreement of 2015 binds nations to cap the increase in the global average temperature. During the COP21 conference, a collective global commitment was made to restrict the escalation of global temperatures to 1.5°C in comparison to pre-industrial levels by the year 2050. Upholding this target necessitates a crucial step, reducing emissions by half by the year 2030, as set by scientific research. This timeline leaves us with merely seven years to take substantive actions and achieve this crucial goal, or probably even less. Immediate and collaborative efforts are necessary to mitigate the adverse effects of climate change and safeguard the planet’s ecological balance for future generations. The UAE as part of the global community recognises the complexities inherent in tackling this global challenge, understanding that there isn’t a straightforward solution. However, the urgency of the situation with yet another year of the ‘hottest ever’ average global temperatures, has ignited a renewed commitment to borderless scientific collaboration. Historically, the UAE has played a significant role on the global stage in science and innovation, and it remains steadfast in this pursuit. This perspective aims to delve into the evolving landscape, highlighting the transformation of the scientific sector toward a more integrated approach. This shift involves interdisciplinary and cross- sectoral research endeavours geared towards combating climate change through pioneering strategies aligned with the United Nations Sustainable Development Goals (UN SDG). The UAE actively participates in the dynamic scientific realm by emphasising collaborative endeavours spanning various disciplines and promoting inventive methods to combat the adversities presented by climate change. This holistic and cooperative stance reflects it’s commitment to making substantial contributions to worldwide initiatives aimed at forging a sustainable future. For instance, the UAE’s investment in the Mohammed bin Rashid Al Maktoum Solar Park is a beacon and strong testament to its dedication to sustainable energy solutions. This solar park, one of the world’s largest renewable energy projects, demonstrates the nation’s commitment to reducing carbon emissions and embracing clean energy sources. Through such initiatives, the UAE showcases its dedication to innovative approaches that align with global sustainability goals, setting an example for others to follow in combating climate change. Moreover, the UAE’s involvement in international research collaborations focusing on climate science, water conservation, and biodiversity preservation underscores its determination to contribute positively to global efforts. By fostering partnerships and pioneering groundbreaking solutions, the UAE plays a pivotal role in advancing the collective endeavour towards a more environmentally conscious and sustainable future. Evolving research landscape in the UAE The UAE has witnessed a remarkable transformation in its research landscape, marked by dynamic shifts and strategic COP28 ALIGNED WITH SUSTAINABLE SCIENCE INITIATIVES BY PROFESSOR THOMAS WAGNER, HERIOT-WATT UNIVERSITY HWU, THE LYELL CENTRE, EDINBURGH
CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 | 63 SUSTAINABLE SCIENCE INITIATIVES ALIGNED WITH COP28 initiatives pushing it into a more prominent global position. Over recent years, the UAE has significantly invested in diversifying its economy and fostering innovation, fostering a thriving research ecosystem. One of the most notable changes in the research landscape has been the substantial increase in funding for scientific exploration and technological advancement. For instance, the overall expenditure within the country’s space sector marked a 6.61 per cent rise in 2021 compared to the previous year, with government funding constituting 55.7 per cent of the total spending, according to the UAE’s Space Economic Survey. Concerning research and development (R&D) investment, the survey highlighted a notable 14.8 per cent surge, with R&D allocated for space exploration contributing to 76.8 per cent of the total R&D spending. The commitment to research and development (R&D) initiatives has resulted in the establishment of world- class research institutions and universities, attracting top-tier talent from across the globe. Initiatives such as the UAE Research Program for Rain Enhancement Science and the Mohammed bin Rashid Space Centre have not only put the UAE on the map for cutting-edge research but have also addressed critical challenges such as water scarcity and space exploration. The first national scientific research-funding platform, Researcher.ae introduced by Sandooq Al Watan, offers vital support and financial backing to empower researchers in the UAE, facilitating their pioneering research projects. Through this platform, researchers gain access to local and global networks, enabling them to stay abreast of the latest breakthroughs in the global scientific community. With a core objective of fostering novel concepts and groundbreaking inventions, the platform is dedicated to advancing innovation across various industries. Its overarching goal is to drive economic diversification in the UAE while creating a positive socioeconomic influence both locally and on a global scale. Promoting Innovation through collaboration There has been a significant emphasis on interdisciplinary and multi-national collaborations, encouraging partnerships between academia, industry, and government sectors. This approach has led to innovative solutions to multifaceted problems, particularly in areas like construction, renewable energy, built environment and artificial intelligence. For instance, Heriot-Watt University Dubai’s Centre of Excellence in Smart and Sustainable Construction (CES²C) is one initiative that collaborates with organisations and governments to address and introduce best practices in the construction sector. Another notable example is that researchers at Heriot-Watt University have created the world’s first building brick made from 90 per cent recycled construction and demolition waste. The K-Briq is unfired, producing a tenth of the CO2 emissions of a regular fired clay brick as well as requiring only a tenth of the energy to manufacture. It is also imperative that Individuals make sustainable choices in their daily lives to create a sustainable infrastructure that benefits both the environment and society, ensuring a better future for generations to come. The UAE’s commitment to becoming a knowledge-based economy has spurred a cultural shift towards a research-oriented mindset. The nation has been fostering a conducive environment for entrepreneurship and innovation through initiatives like free zones and tech hubs, encouraging startups and research-driven enterprises. The research community has dedicated expertise and enthusiasm to forge international partnerships, recognising their crucial role in tackling the multitude of challenges we confront today. Sustainable science initiatives have emerged as crucial drivers aligned with the objectives of COP28. These initiatives underline the vital role of research in advancing sustainability agendas and addressing pressing environmental concerns. With COP28, the vital role of academics in advancing sustainability and combating climate change is also undeniable. Their expertise and innovative approaches are crucial in addressing these global challenges. Academics shape policy dialogues, raise public awareness, actively engage local communities and stakeholders to reach a consensus on strategic decisions and educate future leaders on environmental responsibility. Anticipating 70,000 attendees in the UAE for COP28 to evaluate the Paris Agreement’s progress, Heriot-Watt University Dubai allocated two floors of its Dubai Knowledge Park campus as a Climate Hub. This space fosters diverse discussions among global visitors, bolstering collaborations to address pressing global issues. At Climate Hub, academics contributed by sharing research insights, engaging in panel discussions, and collaborating with policymakers, industry, and civil society to shape impactful climate policies, thus advancing a greener, sustainable future. In the UAE, scientific research plays a pivotal role in shaping innovation, policies and strategies to achieve climate, environmental and humanitarian goals, emphasising a strong commitment to a greener and sustainable future. Research initiatives aligned with COP28 focus on developing innovative solutions to mitigate climate change, promote renewable energy sources, and enhance environmental and societal resilience. Collaborative efforts between researchers, policymakers, communities and industries are crucial in realising these goals. At the strategic level, HWUD implements shared values that transcend countries, campuses, and regions. These values define our distinct academic and student community, fostering the realisation of a university that is globally connected. HWUD actively contributes to this worldwide mission, directly benefitting the UAE. The initiatives and accomplishments cultivated and executed at the UAE campus are expanded to a global scale. Collectively, we form a ‘global footprint with a significant local impact,’ providing practical science-based solutions for communities while simultaneously shaping the future cadre of global experts and leaders through education and training. Through cutting-edge and impact-focused research, HWU aims to lead by example, demonstrating a commitment to sustainability and inspiring global action towards a more environmentally conscious future. These initiatives not only contribute to meeting COP28 objectives but also foster a culture of innovation and sustainability within the UAE and beyond.
64 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM DUBAI’S JOURNEY IN THE GLOBAL LUXURY REAL ESTATE MARKET 2024 OUTLOOK BY DIANA NILIPOVSCAIA, CEO AT MERED
CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 | 65 I n 2023, Dubai established itself as the world’s leader in the global luxury property market outpacing other international realty hotspots. Property Finder’s latest data revealed that there was US$8 billion worth of transactions, with 60% of buyers looking for apartments, in just October. The city is also the top hotspot for luxury, branded residences beating out the likes of realty cities like New York and London, according to Savills. As we venture into 2024, the ultra- luxury real estate market, generating individual property sales as high as $420 million in Q3 of 2023 alone, is witnessing a nuanced evolution. Today’s buyers are blending emotional connections with more informed, strategic decision- making. While the impressive architecture and thought-through marketing continue to evoke strong emotional responses, the competitive nature of the market compels customers to approach their choices with a strategic lens. This trend signifies a shift where both emotional appeal and strategic considerations are pivotal in driving high-value property sales As we look towards burgeoning cities like Dubai, the appetite for luxury residences among local buyers is expected to surge. The challenge lies not in the quality of existing developments, which already boast premium fit-outs and facilities, but in the number of such luxury developments, which are struggling to keep pace with the rapidly growing demand. This booming market presents significant opportunities for both urban, high-end residences and exclusive luxury offerings tailored to the discerning, well-traveled clientele, highlighting a need for expansion in this sector. Let’s delve into the intricate dynamics of this market and what to expect in the upcoming year: The Evolution of the Market The ultra-luxury real estate market, particularly in Dubai, is showing signs of significant maturity. This evolution is a move away from the earlier trends of impulsive buying, driven by fears of currency devaluation and a rush to capitalise on Dubai’s burgeoning market. In its place, a stable and confident market has emerged, characterised by well-informed and thoughtful investment decisions. This maturity reflects the market’s long-term sustainability and increasing appeal to a global array of investors and end-users. A recent market analysis showed that Dubai had achieved a remarkable milestone with the sale of 335 luxury properties by the end of July reporting revenues of nearly $850 million (AED3.1 billion) from upscale properties in H1. The market is focused on billionaire buyers and has sold 176 homes for $845 million in H1 2023 and 219 premium homes in the past year, indicating rising demand for ‘ultra-luxury’ properties. Informed Buyer Behavior Today’s ultra-luxury real estate buyers display a discerning approach to their investments. They are increasingly focusing on critical aspects such as the concept and uniqueness of the product, the reputation of the developer, and the strategic location of the property. This shift indicates a growing emphasis on the long-term value and stability of investments, reflecting a deeper 2024 OUTLOOK | DUBAI’S JOURNEY IN THE GLOBAL LUXURY REAL ESTATE MARKET >>> DIANA NILIPOVSCAIA, CEO at MERED
66 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM CBNME ANALYSIS understanding and commitment to making sustainable and profitable choices in the real estate domain. Investor Focus Investors in the ultra-luxury real estate market are prioritizing Return on Investment (ROI) and the effectiveness of their investments. Key considerations include factors like the ease of resale, rental profitability, prime location, and long-term investment potential. High-end properties attract a unique blend of investors who adopt both qualitative and quantitative approaches. These investors seek comprehensive insights, including detailed market analysis and projections of future property values. They consider aspects like architectural significance, historical price appreciation, and the use of high- quality materials and craftsmanship. Knight Frank’s Autumn 2023 report indicates that as of Q3 of 2023, Dubai’s residential property values have risen for the 11th consecutive quarter, with an average increase of 19% in the last year. Dubai’s reputation for stability and visionary planning makes it a particularly safe and lucrative market for High- Net-Worth Individuals (HNWI) looking for secure investment opportunities. Knight Frank observes diverse buyer profiles, highlighting international investors from China as key players in Dubai’s residential market. “AS WE LOOK TOWARDS BURGEONING CITIES LIKE DUBAI, THE APPETITE FOR LUXURY RESIDENCES AMONG LOCAL BUYERS IS EXPECTED TO SURGE.”
End-User Buyer Focus End-user buyers in the ultra-luxury segment place a high emphasis on the quality of the home, its location, amenities, and infrastructure. For these discerning buyers, factors such as ongoing owner costs, proximity to educational institutions, and notably the privacy offered by the property play a crucial role in their decision-making process. The exclusivity and seclusion provided by these luxury properties cater to a clientele who value a private, serene living environment as much as they do the tangible luxury of their homes. MERED, understanding the nuanced needs of the ultra-luxury market, not only selects thought-trough locations for development but also prioritizes the superior quality of construction and use of premium materials in their properties, as well as ensures the inclusion of exclusive amenities that elevate the living experience. Dubai, a city renowned for its comprehensive offerings has become an increasingly attractive destination for those seeking a lifestyle that masterfully blends opulence with functionality. This pull extends to its real estate market, where homes are designed not just with luxurious aesthetics in mind, but also with an emphasis on functional living spaces that cater to the diverse needs of every family member. Apartments are the preferred investment in Dubai’s real estate market, as evidenced by a 19.9% increase in average apartment rents in the year to date October 2023, compared to an 18.0% rise in average villa rents. Digital Convenience in Property Purchasing With a growing international buyer base, the imperative for digital facilitation in property transactions is becoming increasingly apparent. The demand for digital convenience in the property purchasing process and streamlining transaction processes are now essential aspects of the property acquisition journey. The visionary ‘Dubai 2040 Urban Master Plan’, which includes the forward-thinking 20-Minute City Policy, is establishing new benchmarks within the sector. Dubai’s 2023 performance in the luxury real estate market showcases a strategic shift towards informed investment, marked by record sales and a diverse investor base. This evolution indicates market maturity and a focus on long- term value. Looking forward, Dubai is poised for sustained growth in the global real estate arena, promising continued opportunities for discerning investors and buyers. 2024 OUTLOOK | DUBAI’S JOURNEY IN THE GLOBAL LUXURY REAL ESTATE MARKET
68 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM CBNME TRUCKS IVECO and MOET IVECO AND MUSCAT OVERSEAS EQUIPMENT AND TRADING COMPANY LLC (MOET) PRESENTED THE NEW IVECO HEAVY RANGE, LAUNCHING THE IVECO T-WAY, THE TOUGHEST VEHICLE ENGINEERED FOR THE MOST EXTREME OFF-ROAD MISSIONS THANKS TO ITS PERFECT COMBINATION OF ROBUSTNESS, RELIABILITY, AND COMFORT. - Muscat, 7th November 2023 68 | CONSTRUCTION BUSINESS NEWS ME | SEPTEMBER 2023 LAUNCH THE OFF-ROAD TRUCK IVECO T-WAY IN OMAN
CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 | 69 A fter the partnership stipulated on the 14th of December 2022, appointing Muscat Overseas Equipment and Trading Company LLC as official dealer in Oman, IVECO and MOET unveiled, in a dedicated event held on the 7th of November at the Crowne Plaza Muscat, the new IVECO Heavy Way range presenting the IVECO T-Way, the off- road vehicle designed and engineered for the toughest missions in the most extreme conditions. During the event, the morning session was dedicated to truck sector specialised journalists, highlighting the market opportunities MOET and IVECO intend to seize with the new IVECO T-Way. During the evening, instead, focus was entirely on customers and local authorities, as well as the welcome participation of the Italian Ambassador in Oman, his excellency Pierluigi D’Elia. More than 200 guests attended the official launch, assisting to corporate and product presentations. Everyone had the possibility to view all the technical features of the new heavy-duty range and appreciating the significant new innovations in the IVECO trucks. During the vehicle walk around, IVECO product experts were at hand to explain the new features and how the IVECO T-Way is best suited and designed for Middle East region market conditions. Shahram Falati, IVECO Middle East & Africa Business Director, said: “With this event we are happy to introduce the new IVECO Heavy Range “DRIVE THE NEW WAY” in the Sultanate of Oman with the support of our new official partner Muscat Overseas Equipment Trading Co LLC. This partnership confirms our aim to consolidate the IVECO presence in Middle East through an excellent after sale services and commercial coverage. The launch of the IVECO T-Way brings into the market a new generation of advanced fuel efficiency, versability, performance, and livability. This event is another clear sign of IVECO driving the road of change”. Marco Torta, Area Manager for Middle East, commented: “IVECO has a strong presence in the Sultanate. In this market we have successfully sold around 1,000 heavy trucks (Trakker) in the past 10 years and I am confident that the new IVECO T-Way and IVECO S-Way will be appreciated by our old and new customers specially concerning reliability, strength, and the high adaptability to match any mission”. Mr.Bala T Chatoth, CEO of Muscat Overseas, said “Starting our journey in 1972 we have successfully demonstrated our commitment in establishing ourselves as an equipment solutions provider with unmatched after sales support and with the new partnership with IVECO we would like to keep our bench mark high in meeting customer expectations providing them the right truck for the right application to achieve the business goals of our stake holders”. IVECO T-Way: the most reliable and productive heavy-duty truck to face the toughest challenges The IVECO T-Way builds on the heritage of robustness and reliability of the brand’s long lineage of champion off- roaders. It introduces state-of-the art technological solutions to exceed all expectations in productivity, payload capacity, safety and driver comfort. IVECO AND MOET LAUNCH THE OFF-ROAD TRUCK IVECO T-WAY IN OMAN >>> CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 | 69
70 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM These characteristics of extreme toughness, high performance and reliability are clearly expressed by the theme of the advertising launch campaign: “TREAT IT BAD”. “T” FOR TOUGH: designed and engineered for robustness and reliability The IVECO T-Way has been designed to offer best-in-class performance in every off-road mission, robustness and torsional rigidity. It carries over from its predecessors the legendary robustness of the high-resistance steel chassis with a 10mm thick frame, with a Rail Bending Moment at the top of the segment at 177 kNm. The front axle has a maximum capacity of up to 9 tonnes. Hub reduction on the rear axle is standard to maximize strength and performance. The new heavy-duty rear suspension system for Tandem axles optimises vehicle weight and improves off-road performance with greater ground clearance and a better departure angle. The IVECO T-Way delivers all the power needed for traction and PTO with IVECO’s reliable and efficient Cursor 13 engine (13 litres) that develops up to 470 horsepower. The engines are coupled with the proven 16-speed HI- TRONIX automated gearbox, which now also features new functions specifically intended for off-road mobility including a Hill Holder function to help departure on steep slopes, Rocking Mode to help recover traction in slippery conditions and Creep Mode for ultra-low speed when idling; for the on-road sections of the mission, the Ecoroll, function that uses the vehicle’s inertia when travelling downhill enhances the transmission’s efficiency. HI-TRONIX represents the state-of-art in the automated transmission sector and delivers the perfect gearshift strategy for every application. PRODUCTIVITY AND EFFICIENCY: Carrying over the strong Trakker heritage with even bigger payload The IVECO T-Way has been designed for efficiency and productivity, with a host of features and lower kerb weight. The low kerb weight has been further reduced by 325 kg compared to the Trakker with the new design of the tandem support on the rear axles, which is now a single-piece casting component. EXTREME FLEXIBILITY: the most conversion-friendly off- road truck The IVECO T-Way is set to become a favourite of body builders for its extraordinary flexibility. With both rigid and articulated CBNME TRUCKS
CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 | 71 versions, it has the widest offering of driveline options on the market: Partial Wheel Drive on 6x4 rigid and articulated and 8x4 rigid models; as well as All Wheel Drive on 4x4 and 6x6 rigid and articulated, and on 8x8 rigid versions. The All-Wheel Drive range has been extended with new 4.0, 4.2 and 4.5 metre wheelbase models, which can transport special loads with no modification to the chassis. The new HI-MUX electric and electronic architecture is fully compatible with the latest-generation control systems. The new PTO line-up includes a new high-performance sandwich PTO that delivers up to 2,150 Nm torque. This extreme versatility, width and depth of range, and extensive choice of variants makes the IVECO T-Way the perfect truck for all types of bodies and vocational missions. IVECO T-Way: cab design centred on driver comfort and safety The cab of the IVECO T-Way shares the driver-friendly design of the IVECO Way range, with its sleek, aerodynamic lines. Available in two versions – AD short cab and AT long cab with standard or high roof – it is focused on functionality to facilitate the driver’s daily work. The entire driver area has been created to provide a practical and easy-to-live- in environment. The comfortable and ergonomic driver’s seat, together with the new-concept multi-function steering wheel, ensure excellent driver comfort. Driver safety is paramount in the harsh conditions typically faced by the IVECO T-Way. The vehicle is designed to provide maximum protection, with safety features which far exceed the type-approval requirements. The new braking system features EBS as standard, full disc brakes are available on PWD models across the range. IVECO WAY RANGE: a complete line-up for every heavy-duty mission Today’s launch presents the IVECO Way Range, which now offers an extensive heavy line-up of first-rate vehicles for every mission: > IVECO T-Way the toughest vehicle on the heavy market that takes performance, reliability and versatility to the extreme; > IVECO S-Way ON for long haulage on highway where fuel economy is key; > IVECO S-Way ON+ for regional and light off-road mission. The perfect trade- off between performance and reliability; > IVECO S-Way OFF the junction between S-Way and T-Way which replaces Trakker 4x2 rigid and articulated. About Muscat overseas Equipment Trading Co LLC: Muscat Overseas Equipment Trading Co (MOET) was established in 1972 as a division of Muscat Overseas Group, one of the leading business groups in Sultanate of Oman. MOETCO represents many prestigious international franchises in Oman catering to the Construction, Earthmoving, Material Handling, Industrial, Power and Oil & Gas sectors. Muscat overseas has been holding the highest market share in construction Equipment market in Oman for the last many years with a wide range of Equipment to offer to its customers. They provide the best product support in the industry with leading aftersales network (full-fledged branches along with mobile service team) to cover every nook and corner of Oman. The “we care” policy of the Company is truly reflected in its aftersales approach to customers. Qualified and Factory trained Service Engineers and technicians provide expert “customer care” to achieve the highest level of productivity and customer satisfaction. IVECO IVECO is a brand of Iveco Group N.V. (EXM: IVG). IVECO designs, manufactures and markets a wide range of light, medium and heavy commercial vehicles, off-road trucks, and vehicles for applications such as off-road missions. The brand’s wide range of products include the Daily, a vehicle that covers the 3.3 – 7.2 ton vehicle weight segment, the Eurocargo from 6 – 19 tons and, in the heavy segment above 16 tons, the IVECO Way range with the on-road IVECO S-Way, the off-road IVECO T-Way and the IVECO X-Way for light off-road missions. IVECO employs close to 21,000 individuals globally. It manages production sites in 7 countries throughout Europe, Asia, Africa, Oceania and Latin America where it produces vehicles featuring the latest advanced technologies. 3,500 sales and service outlets in over 160 countries guarantee technical support wherever an IVECO vehicle is at work. IVECO AND MOET LAUNCH THE OFF-ROAD TRUCK IVECO T-WAY IN OMAN
72 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM BRINGING JAPANESE AESTHETICS N ikken Sekkei, the renowned Japanese architectural, engineering, and urban design firm, has embarked on a captivating journey to infuse Middle Eastern architecture with the subtle beauty and efficiency that define Japanese aesthetics. The company recently celebrated the launch of their new office in Dubai Design District (D3), a subsidiary to complement its existing Sheikh Zayed Road office. Comprising of a dedicated team of architects, designers, and experts driven by a passion for creating functional and aesthetically pleasing environments, the team is dedicated to utilizing architecture’s power to enhance lives and create value, pushing the boundaries of design innovation through technology. Nikken Sekkei’s journey in the UAE began over 30 years ago with the Dubai Chamber of Commerce and Industry building, which at the time was one of the city’s tallest structures. More recently, Nikken Sekkei has made waves by designing the iconic One Za’abeel development, setting the bar high for architecture in the Middle East. This architectural masterpiece will host corporate offices, private residences, retail facilities, two hotels, 11 restaurants and more. The development comprises two towers, separated by a highway and connected 100 meters above the ground by a cantilever known as “The Link.” With an expanding list of esteemed clients, Nikken Sekkei has been entrusted with crafting timeless structures, including the Emaar 52|42 towers, Emaar Forte, Islamic Development Bank Headquarters in Jeddah, Tadawul Tower in Riyadh, and the Cairo Opera House. Dubai’s strategic location, superior infrastructure, and proximity to clients in the Middle East, India, and the Commonwealth of Independent States (CIS) have been pivotal factors in Nikken Sekkei’s remarkable growth in the region. Our commitment to meeting clients’ unique needs and continuously striving to deliver added value has led to the establishment of the new subsidiary, and we look forward to new opportunities for growth in the coming years, with projections already exceeding expectations. Nikken Sekkei’s greatest strength lies in the comprehensive integration of our urban planning, architectural design, structural engineering, MEP engineering, landscape design, and other consulting services. With the added resources of its group companies, from city visions to interior detailing, it aims to provide a holistic multidisciplinary design service. The company operates with a flexible approach, allowing project teams to be formed as needed, free from the confines of predefined groups or units. Collaborations across group companies, as well as between their headquarters in Japan and local subsidiaries often take place, resulting in a variety of working models based on the unique requirements of each project. This approach fosters a culture of democratic decision-making within project teams, empowering them to steer their own designs, supported by robust quality control. In principle, our scope of work in the Middle East is limited to the design architect, and therefore, the company works closely with local partners and external collaborators to adapt solutions to regional nuances and, when necessary, infuse them with Japan-inspired architectural and urban design elements. Nikken Sekkei has also served as lead consultant in some of the region’s top landmark projects, overseeing all stages from concept design to contract administration and managing specialist consultancies. We utilise our wide expertise to lead multidisciplinary teams as needed to ensure clients receive maximum value. TO MIDDLE EASTERN ARCHITECTURE THE NIKKEN SEKKEI APPROACH CBNME ARCHITECTURE BY FADI JABRI, EXECUTIVE OFFICER OF NIKKEN SEKKEI AND CEO OF NIKKEN SEKKEI DUBAI
CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 | 73 The future of architecture is poised for remarkable transformation. In the next 30 years, the use of information technologies such as artificial intelligence in everyday work will be accelerated. Emerging trends in the Middle East In the era of decarbonisation, carbon neutrality and ESG investment are becoming increasingly important to clients globally. We are at the forefront of supporting clients’ sustainability goals, not just by addressing embodied carbon emissions but also operational carbon emissions. Their holistic approach engages architects, urban planners, and engineers in concert to develop comprehensive solutions. To reduce energy consumption, they focus on minimising the heat load, employing natural energy, and implementing highly efficient systems, an especially critical consideration in the Middle East’s harsh climate. Since 2008, we have been actively engaged in master planning and urban design projects in the Middle East, particularly in the UAE and Saudi Arabia, and the company is expecting continuous demand in the coming years. Our planning philosophy revolves around three core visions: Green Centric, Transit Oriented, and Connected Vibrancy. Based on proven Japanese solutions such as Transit Oriented Development and urban redevelopment, these principles guide our custom-tailored proposals, considering the unique climate, culture, and social context of the Middle East. Whether it’s a new downtown in Jeddah, an enhanced pedestrian experience along the pilgrimage route to Mecca, or the iconic One Za’abeel, we strive to reflect each region’s architectural and behavioural styles, creating sustainable and vibrant communities. The Future The future of architecture is poised for remarkable transformation. In the next 30 years, the use of information technologies such as artificial intelligence in everyday work will be accelerated. However, the complexities of societal issues that require a human touch will come to the forefront. Cities, their architectural components, urban infrastructure, and public spaces will evolve to address these challenges through a harmonious combination of hardware and software, all while considering society’s evolving behavioural patterns. In an ever-evolving field, our commitment to blending Japanese aesthetics with global innovation positions us as a vanguard of design, addressing complex societal challenges and reshaping urban landscapes into vibrant and sustainable living spaces. As architecture continues to evolve, our enduring vision promises to enrich the architectural tapestry of the Middle East and beyond. BRINGING JAPANESE AESTHETICS TO MIDDLE EASTERN ARCHITECTURE | THE NIKKEN SEKKEI APPROACH
74 | CONSTRUCTION BUSINESS NEWS ME | DECEMBER 2023 WWW.CBNME.COM CBNME REPORT W hile the UAE has been consistently launching green initiatives and projects, and setting bolder targets that are both pro-climate and pro-growth to fulfil its climate commitment, stakeholders in the real estate industry must take decisive action to safeguard their assets and secure long-term returns, highlighted JLL at a briefing held today ahead of the upcoming COP28. Emphasising the cost of action versus inaction within the sector from a sustainability perspective, JLL unveiled a whitepaper titled ‘The Green Revolution: A Call for Sustainability in Real Estate’ including valuable insights and key takeaways exploring the critical role of the real estate industry in shaping a sustainable future and the ramifications of inaction as opposed to proactively pursuing green strategies. The whitepaper dives deep into the UAE’s efforts to strengthen its position as an advocate for climate action and examines recommendations for stakeholders. The high energy consumption, carbon emissions, and resource depletion that are characteristic of the built environment, which accounts for nearly 40% of global energy-related carbon emissions and 36% of energy consumption, have made it imperative to integrate sustainability measures into real estate investment decisions to accelerate the net zero transition of the sector. The whitepaper also outlined the importance of making financial investments in green buildings and green construction to offset reduced property values over time and minimise climate-related challenges, especially in the MENA region which is warming at twice the global average rate with temperatures projected to rise by 4°C by 2050. James Allan, CEO – Middle East and Africa (MEA) at JLL, pointed out that given the complexities of navigating sustainability in the real estate sector, inaction will have both immediate and long-term consequences. He said: “The cost of inaction goes beyond accounting for profits and losses. The real estate industry’s failure to adopt and embrace sustainable practices will impact both society and the natural environment while also deterring investors who equate climate risk with financial risk. Committing to ambitious net zero targets is critical to enhancing both efficiency and financial performance and decarbonising real estate.” Discussing the UAE’s efforts in building its environmental resilience and transitioning to a greener economy, Alida Saleh, Head of Sustainability – MEA at JLL, said: “In the building sector, the UAE aims to reduce emissions by 56% in 2030 compared to 2019 levels while also targeting 40% energy efficiency. The UAE’s continuous strides in its decarbonisation journey, often in collaboration with the private sector, is driving it towards the ‘Climate Aware’ phase, which holds great potential for growth as the nation drives climate mitigation and adaptation strategies to achieve Net Zero by 2050.” Louise Collins, Head of Project & Development Services UAE and Head of Engineering & Energy – MEA at JLL, spotlighted the UAE’s retrofitting strategies to enhance efficiency standards. She stated that Dubai aims to retrofit 30,000 buildings by 2030 and has already refurbished nearly 8,000 as of February 2023. Abu Dhabi has set targets of 22% energy consumption and 32% water consumption reduction by 2030 through building retrofits. While the introduction of green building rating and certification systems have acted as enablers for developers in the UAE to optimise building performance and minimise environmental impacts, the launch of building energy labels will bring about greater transparency by empowering buyers and tenants to make more informed decisions, highlighted Mireille Azzam, Executive Director – Head of Strategic Consulting MEA at JLL. JLL CALLS FOR HOLISTIC STRATEGIES TO INTEGRATE SUSTAINABILITY IN REAL ESTATE AHEAD OF COP28, JLL HIGHLIGHTS UAE’S TRANSFORMATIVE NET ZERO PLANS AND RECOMMENDS ACTIONABLE PATHWAYS TO ACHIEVE A GREENER BUILT ENVIRONMENT