DLD underlines commitment to sustainable building

07/05/2013 - Dubai Property News Posted by Bob Brunskill
DLD underlines commitment to sustainable building

The Dubai Land Department (DLD) has reiterated just how important it is for developers to embrace green building techniques.Dubai is one of the fastest growing cities on the planet and its rapid expansion over the years has caused concerns among environmentalists.However, the government has been keen to address the situation and it has introduced a number of regulations to ensure construction companies do all they can to build in a sustainable way.Director general of the DLD Sultan Butti Bin Mejren delivered a speech during the launch of the Sustainable Real Estate Conference at the Dubai International Convention and Exhibition Centre, in which he focused on just how crucial it is that Dubai's natural resources are preserved.In order to do this, Mr Bin Mejren insisted that firms need to be mindful of how much water and power they are consuming and how they can make better use of the land. He also underlined the importance of meeting international green standards."Under wise leadership, the UAE has created a thriving real estate environment, one that has brought on confidence and increased the magnitude of investment in the country," he remarked."[This] has all the ingredients for success in terms of advanced infrastructure and legislation, and an environment of security and stability - all of which have transformed it into an investment capital."Dubai's real estate market has really bounced back from the economic downturn and sales have risen sharply in the last 12 months.Last month, Mr Bin Mejren predicted that prices would continue to rise, as the demand for luxurious properties in the most exclusive parts of town soars.Figures released by the DLD showed the value of property sales in Dubai increased by 63 per cent in the first quarter of 2013, as 32 transactions were completed every single hour.Developers are responding to this incredible demand by erecting a plethora of new buildings and this means investors will be spoilt for choice when looking for exciting plots in the coming years.Looking for property investments in Dubai? Make The First Group your first port of call