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ZāZEN Properties to launch second sustainable real estate development in Al Furjan

ZāZEN Properties is leading the way in sustainable real estate with their latest project in Al Furjan, setting a new standard for environmentally friendly construction

ZāZEN Properties to Launch Second Sustainable Real Estate Development in Al Furjan

UAE-based ZāZEN Properties is set to launch its second sustainable real estate development in Dubai’s Al Furjan community. The new project will follow the completion of their latest development, ZāZEN Gardens. This announcement highlights the company’s commitment to sustainable building practices and expansion within the real estate market.

The debut project of ZāZEN Gardens aims to be the first residential development to achieve LEED Gold certification and incorporate well-being principles. It is scheduled for delivery in May and is expected to set a new standard in sustainable and environmentally friendly construction.

Annually, it will reduce 469 metric tonnes of carbon emissions and generate close to 390,000 kWh of onsite solar electricity, which is about 30% of the common area requirement yearly, stated Madhav Dhar, COO and Founding Member of ZāZEN Properties.

According to Dhar, off-plan properties priced below $816,678 (AED 3 million) will continue to fuel growth in the emirate as more residents are looking for affordable housing options. High-quality, yet affordable homes are becoming increasingly in demand in the region.

Dhar pointed out that in Dubai last month, there were a total of 15,489 sales transactions worth $179.83 million (AED 49 billion) recorded by the Dubai Land Department. Of these, 6,600 transactions were for off-plan properties, totalling $50.586 million (AED 13.8 billion) in value. This underscores the strength of the off-plan property segment in the market.

“With the DLD having recently initiated reforms to mitigate fake listings, residents will be further enabled to source affordable homes without the hassle of dealing with fraudulent advertisements,” noted Dhar.

“This will not only bolster Dubai’s off-plan market but also its real estate industry as a whole, as fines worth $13,635 (AED 50,000) and suspensions will be handed out to those in violation of these rules,” he added.

Dhar said as more Dubai residents look to strengthen their roots in the emirate and buy homes instead of renting in the long term, similar reforms will go a long way in creating an environment that facilitates such market demands.

“Beyond affordable housing, UAE residents are also increasingly desiring sustainable homes as a way of the future. The country’s growing focus on sustainability, as exemplified by its decision to extend the “Year of Sustainability” from 2023 into 2024, is driving this change to further reshape the real estate landscape,” he concluded.