Ahmed Al Suwaidi, Managing Director of Residential Communities, Dubai Holding Asset Management

Q. How will Dubai’s eco-tourism, mobility, and urban enhancement projects shape the Emirate’s residential market?

Dubai’s recent eco-tourism projects, including the ambitious Dubai Green Spine, the transformation of Jebel Ali into the longest public beach with conservation elements, and the expansion of public transport—such as doubling the number of Dubai Metro stations—will significantly impact the residential sector.

Demand is already high for quality housing, fuelled by the city’s thriving economy, which attracts investors, entrepreneurs, and professionals from around the world. By making Dubai more liveable through strategic and sustainable development, the Emirate will attract even more residents who want to live, work, and invest here.

Tourism also offers foreign visitors a glimpse into life in Dubai, and these projects are likely to turn many visitors into future residents, driving demand for rental and owned property.

Q. What can residential property managers and developers learn from projects like the Dubai Green Spine and Jebel Ali Beach Project?

Projects like the Dubai Green Spine and Jebel Ali Beach Project embody the vision of the Dubai 2040 Urban Master Plan and the United Nations’ Sustainable Development Goals, showing that built environments are not static but can evolve to meet the changing needs of both people and the planet.

These developments demonstrate to property managers and developers that sustainable practices are not limited to new communities; they can also be integrated into existing developments to enhance value, environmental impact, and resilience.

In 2023, we applied this principle by expanding green spaces, improving community areas for fitness and social activities, and installing EV chargers in Ghoroob with DEWA to better serve residents. Inspired by Dubai’s eco-tourism projects, sustainable landscapes and community spaces that foster positive mental and physical habits can add value to property and enhance brand reputation while benefiting individuals and communities.

Q. Beyond mobility and green spaces, what other features are crucial for attracting and retaining residents in Dubai's urban landscape?

To attract and retain a diverse market, residential developers should offer quality housing across various price ranges, accommodating high-net-worth individuals as well as working professionals and young families. Our portfolio spans this range, from luxury residences in Bluewaters and City Walk to affordable housing in Al Khail Gate and family-friendly communities like Garden View Villas, Remraam, and Layan. This diversified portfolio allows us to cater to a broad audience while strengthening our brand.

Convenient access to retail and essential amenities also plays a significant role in attracting residents. While proximity to major commercial centres is essential, local community-focused facilities bring convenience closer to home, echoing the "15-minute city" concept by reducing the need to travel far for daily needs.

By offering amenities like nurseries, supermarkets, laundromats, salons, and cafes within our communities, we create a loyal customer base drawn not only to the housing units but to the broader living experience.

Q. How can public-private partnerships enhance sustainability and liveability in Dubai, especially for eco-tourism and urban improvements?

Collaboration between public and private entities fuels economic growth and innovation. At Dubai Asset Management, we work closely with government bodies such as DEWA and RTA, as well as private partners like BEEAH Tandeef, to enhance communities to better meet residents' needs. For instance, DEWA installed EV charging stations in Ghoroob to support the growing number of electric vehicles, and our partnership with BEEAH Tandeef focuses on sustainable waste management and supporting the circular economy.

These partnerships allow us to pool resources and networks for a more substantial impact, setting new benchmarks for residential best practices in Dubai and globally.

Q. What are the most significant ways eco-tourism projects reshape residential areas?

Eco-tourism initiatives like the Green Spine and Jebel Ali Beach Expansion Project have ripple effects on the residential market. Successfully implementing and promoting these projects to tourists helps boost Dubai’s reputation for quality of life, attracting individuals and businesses. Research consistently shows that properties near well-maintained green spaces tend to have higher property values.

Creating natural spaces within urban areas not only adds value for residents and landlords but also fosters a sense of pride and well-being. Green spaces where residents can relax, exercise, and engage with nature improve mental health and provide affordable, enjoyable activities.

Q. How will eco-tourism and residential development evolve in the coming years amid climate change and rapid urbanisation?

There is considerable opportunity for increased integration and collaboration as Dubai’s urban footprint expands. Cities like Vienna, often rated the world’s most liveable city, are investing in green spaces to reduce temperatures and improve quality of life.

In Dubai, developers can collaborate on creating hybrid conservation-residential communities that enhance both quality of life and environmental sustainability.

Nature-based developments that prioritise sustainability from design through maintenance appeal to environmentally conscious residents and can help mitigate the negative impacts of rapid urbanisation, such as limited access to nature and higher carbon emissions. This approach ensures Dubai remains a desirable place to live and work well into the future.