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Listed developer Aldar Properties is set to develop a fully sustainable community in Abu Dhabi to cash in on the growing demand for eco-friendly living options.
The development, featuring hundreds of condominiums and townhouses, will be powered by clean renewable energy and equipped with biodomes, solar panels and battery-charged communal vehicles to promote energy efficiency and lower emissions, the property giant said in a statement to the Abu Dhabi Securities Exchange (ADX), where its shares are traded.
The Sustainable City – Yas Island will feature residential units in 10 clusters, with prices starting from AED892,000 ($242,854). The first phase of the project, which will deliver 272 condominiums and 240 townhouses, will be open to buyers during a public sale on January 19.
Eco-friendly living
The development has been launched in partnership with Diamond Developers.
It will be an eco-friendly and walkable community with open green spaces, walkways and community farming plots, as well as recycling facilities, which will help lower carbon emissions, and solar panels, which will cut residents’ energy consumption by half.
It will have a “central green spine” that will run the length of the community, featuring parks and lakes, as well as biodomes, where vegetables will be grown and distributed throughout the community.
To further keep emissions low, the community will provide a network of communal battery-charged buggies and bicycles, enabling residents to move around while their cars remain parked on the outer edge of the development.
According to Jonathan Emery, CEO at Aldar Development, the new project is in response to the strong demand for sustainable living options among “environmentally conscious” clients who prefer a lifestyle that “focuses on low carbon emissions, energy conservation and the fundamental principles of a circular economy”.
“[This ] is a landmark project for Aldar, reflecting our commitment to provide an increasingly range of curated living experiences that our local and overseas customers tell us they want to live and invest in,” Emery said.
Last year, Aldar announced plans to cut energy consumption by 20% across a portfolio of 80 assets that include hotels, residential properties, retail space and schools.
(Reporting by Cleofe Maceda; editing by Seban Scaria)
