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UAE green building industry leader

27.07.2015
UAE green building industry leader
UAE named in the top ten countries with the widest application of the green technologies in the property construction.

Non-profit organization US Green Building Council (USGBC) recognized the UAE as one of ten countries having the biggest number of green buildings in the world.

It is USGBC who assigns countries a position in the Leed (Leadership in Energy and Environmental Design system) green building ranking. According to this rating, the UAE ranked eighth in the world, outside the United States, by the number of buildings certified according to Leed green building standards. The total floor area of these buildings in the UAE is 1.3 million square meters.

The first places in the ranking, outside the United States, belong to Canada, where there are 26.6 million square meters of buildings certified according to Leed standards, and China — 22 million square meters of green buildings.

Moreover, the number of buildings in the UAE constructed in full compliance with all the requirements of green building system and certified by Leed ranks the UAE fifth in the world. There are 990 such buildings in the UAE, with most of them located in Dubai and Abu Dhabi. At the same time the number of professionals working in the field of green building in the UAE, ranks the country fourth in the world.

“The UAE has become an increasingly important centre for the global green building movement, a development that will help provide greater environmental health and increased economic opportunity for its citizens and will hopefully help to inspire a robust green building market throughout the Middle East,” said Rick Federizzi, the chief executive of USGBC.

Among the most well-known green buildings in the UAE there are Rosewood hotel and International Tower office center in the UAE capital Abu Dhabi, the Dubai Chamber of Commerce building in Dubai Creek and also Standard Chartered Bank headquarters in Dubai.

There are official and mandatory regulatory standards for sustainable and green building applied for today in Dubai and Abu Dhabi: in 2014 Dubai Municipality introduced its own mandatory Green Building Regulations, and Abu Dhabi has long existing system of Estidama, which is a combination of mandatory regulations for developers and rating "pearls" system designed to encourage developers through awarding them one or more "pearls" for compliance with green building standards.

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58,500 / year
Ref.No: OF662
Office
1,300 ft2
45 AED/ft2
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Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration
Additional services:

Property management

Sales Process
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration
Additional services:

Property management