All hotels in Abu Dhabi will have to make do with less under new green operating and design rules to be rolled out this month, the Abu Dhabi Tourism Authority (ADTA) says.
The ADTA said yesterday it wants to cut hotels' energy use by 10 per cent, their water use by 20 per cent and reduce the amount of hotel waste going to landfills by 20 per cent as a first step in its environmental programme.
"We want to create an ecotourism product building on the theme of sustainability," said Sheikh Sultan bin Tahnoon Al Nahyan, the chairman of the ADTA, who was speaking at the Arabian Hotel Investment Conference (AHIC) in Dubai.
At the conference, Sheikh Sultan was given this year's AHIC Leadership Award for his role in developing Abu Dhabi as a tourism and cultural destination.
The new rules will apply to existing hotels as well as properties in the planning or design phase, the ADTA said.
"We have been working on these guidelines for over six months and expect to have them ready for piloting within the next fortnight," said Sheikh Sultan.
"Once piloted, they will then be incorporated into the new classification standards. Our aim is to ensure Abu Dhabi's hospitality industry is on a par with the world's greenest hotels as we continue our mission to deliver a sustainable tourism sector." The new rules are expected to be enforced from next year.
Noel Massoud, the chief executive of Jinan Hotels and Resorts, an eco-friendly hotel chain based in Abu Dhabi, said while the new rules would involve some initial investment, these costs could later be recovered many times over.
"Some people are sceptical about it," Mr Massoud said.
"They think it is expensive. But at the end of the day it will improve the bottom line; you cut your waste, your energy bill. Over the years you will get you money back on any eco-friendly measures that have been put in place."
The guidelines for existing hotels were developed with Estidama, the sustainability initiative of Abu Dhabi's Urban Planning Council, and in consultation with engineers from more than 30 hotels.
The rules for new hotels will supplement Estidama's recently announced "Pearl Rating Scheme" for all new buildings in Abu Dhabi, the ADTA said.
"We are conscious of the need to better conserve and utilise natural resources in the UAE, and we recognise that the only way to sustain growth in the tourism industry is to ensure that our developments respect the principles of sustainable design, development and operation," said Sheikh Sultan.
The average Dubai hotel produces 6,500 tonnes of carbon dioxide emissions a year, while the average European hotel produces 3,000 tonnes, according to a report by the energy consultancy Farnek Avireal.
A typical five-star hotel in Dubai has a total energy bill of up to Dh7 million (US$1.9m) a year.
@Email:rbundhun@thenational.ae
The biog
Occupation: Key marker and auto electrician
Hometown: Ghazala, Syria
Date of arrival in Abu Dhabi: May 15, 1978
Family: 11 siblings, a wife, three sons and one daughter
Favourite place in UAE: Abu Dhabi
Favourite hobby: I like to do a mix of things, like listening to poetry for example.
Favourite Syrian artist: Sabah Fakhri, a tenor from Aleppo
Favourite food: fresh fish
match info
Maratha Arabians 138-2
C Lynn 91*, A Lyth 20, B Laughlin 1-15
Team Abu Dhabi 114-3
L Wright 40*, L Malinga 0-13, M McClenaghan 1-17
Maratha Arabians won by 24 runs
SPEC%20SHEET%3A%20APPLE%20IPHONE%2014%20PRO%20MAX
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Other ways to buy used products in the UAE
UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.
Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.
Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.
For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.
Founded in 2005, in recent years it has been joined by a plethora of Facebook community pages for shifting used goods, including Abu Dhabi Marketplace, Flea Market UAE and Arabian Ranches Souq Market while sites such as The Luxury Closet and Riot deal largely in second-hand fashion.
At the high-end of the pre-used spectrum, resellers such as Timepiece360.ae, WatchBox Middle East and Watches Market Dubai deal in authenticated second-hand luxury timepieces from brands such as Rolex, Hublot and Tag Heuer, with a warranty.
Three ways to boost your credit score
Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:
1. Make sure you make your payments on time;
2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;
3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
Gulf Under 19s final
Dubai College A 50-12 Dubai College B
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.