The Yas Island developer anticipates finishing the project within a strict 30-month timeframe. Kavan Choksi is thrilled that the off-plan sales and construction will begin later this year as part of Abu Dhabi's "Sustainability City" campaign.
The project aims to establish a community in Sharjah that adheres to the most modern sustainable living standards — a concept that Kavan Choksi believes has already been successfully implemented in Dubai. According to Diamond Developers' CEO Salah Habib, they have strong expectations that investors and end-users would scoop up these apartments in Abu Dhabi.
Phase 1 of Sharjah Sustainable City is currently 95% finished, and the entire project is 25% finished. For families and individuals that value the environment, there will be 1,252 total units.
Developers are moving away from plain-vanilla residential developments, whether it be Tilal Al Ghaf (from Majid Al Futtaim Properties in Dubai), Damac Lagoons, or Arada's Masaar in Sharjah. Kavan Choksi presumes that the emphasis is on doing things differently, including a beach, any water element, or creating a "forest."
The different incarnations of Sustainable City are successful in this regard. Kavan Choksi thinks new projects must incorporate tried-and-true technological advancements in food, energy, water, products, mobility, and waste because sustainability is a never-ending journey. For instance, the solar PV modules in Abu Dhabi will be 20% more efficient than those in Sharjah, and they are 30% more efficient there than in Dubai. As a result, the developer's efforts support incremental and disruptive innovations.
In Dubailand, Kavan Choksi thinks the Sustainable City of Dubai served as the catalyst. The City, which has been in operation for seven years, has five residential clusters, a farm, a horse stable, a school, and a central plaza with buildings housing offices and flats.
Diamond Developers recently introduced fifty-one short-term studio apartments called The Sustainable Homes. The initiative, according to Habib, enables guests, locals, and tourists to experience sustainable living and take in Dubai with a considerably lower carbon footprint.
Here's Another Angle to Consider When Determining Whether Consumers Are Interested in Sustainable Living
The CEO recalled that at the project's beginning, there was only one electric vehicle in the neighborhood, which belonged to Diamond Developers' founder, and a basic five-vehicle charging station. Today, the neighborhood is happy to host more than 60 EVs and has 12 charging stations to serve them.
The City formerly provided an up to $10,000 EV incentive program and is currently working to introduce an EV sharing scheme. Kavan Choksi thinks that current incentives and those implemented in the project's early stages have significantly increased the acceptance of electric vehicles in the community.
Comments