Developer partners with Middle East Centre for Sustainable Development (MECSD) for its projects in Jumeirah Village South
Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, has announced its plans to implement sustainable development and 'green technologies' within the 5 new projects, which the company plans to construct in its newly-acquired plots in Jumeirah Village South (JVS). In line with this, the developer has partnered with the Middle East Centre for Sustainable Development (MECSD) to ensure that 'Green Building' codes along with energy and water conservation measures will be observed in the design phase and construction of its new residential and mixed-use towers, collectively valued at over AED 1.3 billion.
As the developer's appointed body to oversee its projects' adherence to sustainability and 'green' principles, MECSD will be responsible for the registration of the projects with the US Green Building Council (USGBC), the preparation of the initial feasibility study and conducting workshops with architects, consulting engineers and project managers. In addition, the organisation will also handle the coordination for compliance with Environment, Health and Safety (EHS) and USGBC preliminary requirements, as well as provide LEED certification consultancy services for all the projects. An agreement to this effect was inked by Rizwan Shaikhani, Joint Managing Director, Memon Investments and Morris Tannen, Management Representative, MECSD.
"We have heeded to the call for sustainable development and the adoption of 'green' building technologies across the globe, as we witness the growth of our operations in a region where the construction sector is at an all-time high," said Rizwan Shaikhani. "Our commitment and support to the green building code being implemented across the UAE where our projects are currently being built play an integral role in the success we are seeing now, and we are firm in our stand to adhere by these environmentally-safe practices. In addition, our partnership with MECSD will only reinforce our resolve to build and offer only 'green' buildings to our esteemed and growing global clientele."
With buildings identified as responsible for at least 40 per cent of energy use in most countries, sustainable development has been generating much attention, especially within countries such as China, India and the UAE. Established to encourage the adoption of holistic, integrated approach among the stakeholders to ensure a shared responsibility and accountability towards improved energy performance, MECSD is working with leading developers such as Memon Investments to help them build 'green' buildings, which does not only have less impact to the environment, but are more cost-efficient and has a longer life cycle as well. The organisation is guided by the 'green building principles', which are focused on energy efficiency and renewable energy resources, environmental impact, resource conservation, indoor air quality and other community issues on the environment.
"We are focused on transforming the behaviour of the professionals involved in building transactions, whether in the development, operation and use of buildings by educating and motivating them to alter their course toward improved energy efficiency in buildings. We applaud the initiative shown by Memon Investments in adopting the 'green' building code -thereby reiterating their consciousness as an organisation to the perils of not being involved in this worldwide movement. We encourage other developers to follow the lead of Memon Investments by adopting global best practices to combat pollution, thereby making Dubai a healthier city in the future," concluded Morris Tannen.
Memon Investments had recently acquired five plots of land worth over AED 228 million within JVS, as part of its plans to launch five residential and mixed-use towers. Set to occupy over 190,000 sq ft in total land area, the towers will be strategically located within JVS and will incorporate the developer's signature unique concepts and world-class amenities that highlight its careful planning and design processes. Each of the five towers will also combine sophisticated design and advantageous positioning, thereby underlining Memon Investments' unwavering focus on delivering high ROI projects to regional and global investors.
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About Memon Investments LLC
Founded in 2007 as the property development arm of the international business conglomerate, the Memon Group of Companies, Memon Investments has grown to become a leading property player in the region offering a diversified portfolio of premium property projects. Guided by a tradition of excellence, the developer's intense focus lies within its core competencies, specifically acquisition, design and development, consultancy, leasing and management of properties. Leveraging the Memon Group's extensive real estate development experience, Memon Investments' UAE portfolio comprises of prestigious residential projects including Champions Towers I, II, III, IV and Frankfurt Sports Tower I in Dubai Sports City and its inaugural commercial venture, the Cambridge Business Centre in Dubai Silicon Oasis, all of which embody the developer's trademark top-notch quality and uniqueness.
Having delivered over 30,000 units across the globe with a presence in 90 countries spread across Asia, Africa, Middle East and Europe, the Memon Group of Companies is presently commemorating its 30th year of delivering unique offerings and services to its global customers. In addition to its extensive expertise in the real estate market, the Group has also built a strong reputation for its unwavering support for various causes such as poverty alleviation, environmental conservation and academic development. As a socially-aware international corporation, the Group has devoted 18 years in support of the Rabia Charitable Foundation and the Rabia Relief Fund.
For any questions or to arrange an interview please contact:
Ms. Princy Philip
Sr. Manager - Marketing & Corporate Communications
Memon Investments LLC
P.O. Box 41950
Dubai
U.A.E
Tel: +971 4 2688111
Fax: +971 4 2626455
Mob: +971 50 2590860
Email: princy@memon.ae
CommuniGate Middle East
P.O. Box 66861
Dubai
U.A.E
Tel: +971 4 3988134
Fax: +971 4 3988137
Email: info@communigateme.com
© Press Release 2008
