Top reasons why residents are ready to move

By Anitha Lakshminarayanan

As the real estate markets soften in Dubai, Many residents are willing to explore and   shift to another community within Dubai and here are the top reasons:

• The Primary reason being – falling of rents, which will allow them to live in bigger size homes than before.

• Not only a better quality of living, but expats also preferred to relocate to reduce their time spent on commuting, particularly while enduring traffic. And so, they changed their house to a place that was close to their office.
• Another reason for moving was because of the landlords, who want to sell their property and also due to maintenance issues.

What do experts feel

Many top property experts commented that “Many are shifting from Palm Jumeirah, and Springs to locations such as Nshama and Mira as the rents are 20-30 per cent cheaper in these places”.

As per a recent study by Service Market

61.4% moved to bigger houses, while 23.4% moved into a house of the same size and only 16.2 per cent downsized.

And the top trend in the move-in market segment

Business Bay is the trending area, particularly when it comes to the move-in market segment

Empower highlights the latest district cooling systems to Sheikh Hamdan Bin Rashid Al Maktoum during his visit at WETEX

 

The District cooling capacity to reach 1.340 million RT by the end of 2017

Dubai, UAE, October 23, 2017

His Highness Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and the Minister of Finance and President of DEWA, visited the stand of Empower, the world’s largest district cooling services provider, and was briefed on the success and achievements of the company and its latest district cooling technologies at this year’s edition of the Water, Energy, Technology, and Environment Exhibition (WETEX), which is running until the 25^th of October 2017 at the Dubai International Convention and Exhibition Centre (DICEC). His Highness was accompanied with HH Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority who were met by Ahmad Bin Shafar, CEO of Empower, who gave a brief presentation on the company’s latest projects and initiatives.

During their visit to the Empower stand, the visitors learned more about the company’s latest range of district cooling solutions and its commitment towards increasing awareness on the importance of utilizing energy-efficient, environmentally-friendly cooling products and services. Company representatives present at the stand provided briefings and presentations about the strategic role played by the district cooling facilities in the unified efforts to conserve energy, protect and preserve the environment and help drive in reduction of carbon emissions as compared to conventional cooling systems. The company paid particular focus on the recent achievements made by its third Business Bay cooling plant, which achieved LEED Gold Certification from the US Green Building Council. The certification demonstrates the company’s continuing commitment towards adopting the most stringent sustainability policy implemented in the cooling services industry today.

Ahmad Bin Shafar, CEO, Empower, said “We are truly humbled with the enormous response from the participants and visitors toured Empower stand at WETEX 2017. The positive responses have inspired us to further our efforts in achieving sustainability, protecting the environment and serving as an example for other companies and organizations to follow. Our presence at the show has allowed us to showcase our latest achievements–including our highly advanced cooling plants in Business Bay, which has garnered wide attention and response from WETEX visitors and participants.”

Empower’s participation at WETEX and WGES reflects its continuing commitment towards providing world-class district cooling services to Dubai. Both the events serve as a platform to throw the spotlight on Empower’s newest range of cooling services while also providing key insight on the region’s rapidly thriving district cooling segment. In addition, Empower also had the opportunity to outline innovative and eco-friendly solutions that can help in the ongoing efforts to preserve natural resources and protect the environment.

“Being the world’s largest district cooling services provider, we promise to stay the number one company in the industry and will always maintain our position. Empower places key importance in participating in international events like WETEX and WGES as it not only gives us the opportunity to consolidate our regional presence but also allows us to share our industry insights and interact with local and international companies–giving way to potential opportunities and the development of new solutions in energy efficiency and water conservation,” concluded Bin Shafar.

Empower provides environmentally responsible district cooling services to large-scale real estate developments such as Jumeirah Group, Business Bay, Jumeirah Beach Residence, Dubai International Financial Centre, Palm Jumeirah, Jumeirah Lake Towers, Ibn Battuta Mall, Discovery Gardens, Dubai Healthcare City, Dubai World trade Centre Residences, Dubai Design District, among others.