With the UAE marking 2023 as the Year of Sustainability, the country’s leadership has acknowledged the importance of a sustainable environment for longer-term economic success. Activities of the year culminate in the UAE hosting COP28 in Dubai in November and December with various private and public sector entities committing to the Global Stocktake (GST) with an aim to monitor and make progress towards achieving the objectives of the 2015 Paris Agreement.
Real estate globally is associated with significant carbon emissions as part of its development and operations. Our latest research, set against the backdrop of COP 28 in the UAE, looks at how various real estate sectors including residential, offices, industrial and retail are responding to growing calls for sustainability, and where the Middle East stands versus global cities.