Property developer DAMAC Properties recently attended The Water, Energy, Technology, and Environment Exhibition (WETEX) and Dubai Solar Show (DSS), which celebrated a successful 25th edition at Dubai World Trade Centre.
Local and international specialists in energy, water, sustainability, green technologies, renewable and clean energy, green buildings, electric vehicles, sustainable cities, and other vital sectors converged to showcase their latest technologies, innovations and solutions.
The developer utilises recycling systems, sustainable irrigation systems, energy recovery ventilation and PV solar systems. The company also showcased its DAMAC Lagoons development, in which DAMAC is currently applying for a LEED gold certification, which will make it the first master community in the UAE to receive the rating under the LEED Cities and Communities Rating System.
DAMAC Lagoons has adopted green and sustainable features throughout its development phases, from design to construction and operation. DAMAC also presented its Safa One de GRISOGONO.
The 2023 edition of WETEX and DSS comes as a precursor to the United Nations Framework Convention on Climate Change (COP 28) – hosted by the UAE at Expo City Dubai – which aims to achieve progress towards a brighter and more sustainable future for humanity.
“We are proud to have been a part of this prestigious event and to have contributed to the important discussions surrounding sustainable real estate development. Our commitment to sustainability is growing to become a part of our business ethos. As a responsible corporate entity, we understand corporate governance responsibility and the need to adopt sustainability and sustainable building practices in our core business. We will continue to pursue our sustainability goals by networking with experts and specialists to commit to our ambitions of building a safe, secure, and green future for our children.”
Hussain Sajwani, Chairman and Founder, DAMAC
At the WETEX event, key officials took part in panels and a seminar to highlight the need for sustainability in today’s built environment. DAMAC Properties led panel discussions on the sustainable evolution of the real estate sector in line with government objectives.
DAMAC’s Chief Information Officer, Francis Arul, highlighted the transformative impact of technology and its role in reshaping the industry. Anas Mustafa, Senior Vice President – MEP delved into the future of sustainability in construction, design and operations, offering insights into DAMAC’s innovative ideas.
Continuing with its strong sustainability commitment, the developer has been accelerating efforts in its green goals to align with the UAE government’s net zero ambitions and emerge as a sustainability leader in the real estate sector.
Recently, DAMAC partnered with e& to provide Charge&Go electric vehicle charging solutions to its communities. Charge&Go is the UAE’s first national Charge Point Operator (CPO), providing access to electric vehicle charging solutions across the seven emirates via a single application.
The collaboration enables the installation of charging stations across DAMAC Hills and DAMAC Hills 2, addressing the increasing demand for electric cars. In addition, the developer achieved an outstanding Environmental, Social, and Governance (ESG) Risk Rating of 18.3 points, as assessed by ESG research, ratings, and data provider Sustainalytics.
DAMAC’s ESG Risk Rating of 18.3 points signifies a low overall ESG risk level, reflecting the developer’s ability to manage and mitigate ESG-related risks effectively. Sustainalytics rates companies on a scale of 0 to 100, with lower scores indicating a lower level of unmanaged risk.
