The Imperial College London Diabetes Centre in Al Ain is the first completed structure in Abu Dhabi emirate to meet the Estidama requirements for environment-friendly buildings.
The Imperial College London Diabetes Centre in Al Ain is the first completed structure in Abu Dhabi emirate to meet the Estidama requirements for environment-friendly buildings.
The Imperial College London Diabetes Centre in Al Ain is the first completed structure in Abu Dhabi emirate to meet the Estidama requirements for environment-friendly buildings.
The Imperial College London Diabetes Centre in Al Ain is the first completed structure in Abu Dhabi emirate to meet the Estidama requirements for environment-friendly buildings.

Green drive is growing on builders in Abu Dhabi


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ABU DHABI // When the Urban Planning Council launched its sustainability programme, Estidama, two years ago, pitching the green building guidelines was not an easy sell.

But since becoming mandatory in September 2010, more than 100 developments in the emirate have received a two-pearl rating for green design through the system. Another three have earned the same rating, out of five pearls, for the construction phase.

Buildings also receive a sustainability rating for operation, which is assessed two years after completion.

"If you haven't done it before, sustainable is tough," said Edwin Young, an adviser for Estidama. "Last year, at this time, no one wanted to do even one pearl. The first response is an automatic rejection saying 'I don't want to do it'."

Developers, builders and consultants initially baulked at the concept of green building, and nearly all the construction applications in the first three months after Estidama came online were rejected because they did not meet sustainability requirements.

In the past year, however, attitudes have been quickly changing and the Urban Planning Council (UPC) is now training 30 people a week to use the programme.

"We spent a lot of last year talking about myth and fact," Mr Young said. "People thought Estidama was going to affect present buildings, or it was going to be impossible to get materials. We've changed the focus, and we're raising awareness."

Experts at the World EcoConstruct Summit last week applauded the emirate's progress but warned that the battle was far from won.

"This is about change," said Matthew Plumbridge, an environmental and sustainability planning consultant for the Department of Municipal Affairs. "We're going from the abstract to the mainstream, and it's interesting to measure the rate of adoption. Changing attitudes is a challenge, for sure, and it can't happen overnight."

Abu Dhabi's first completed Estidama-compliant building - the Imperial College London Diabetes Centre in Al Ain, which opened late last year - used locally sourced materials and has a solar heating system. In addition to demonstrating significantly lower energy and water consumption, the project served as a test for Estidama.

Mazen Al Dahmani, the centre's general manager, said a dearth of Estidama-qualified consultants proved a challenge during construction.

"We needed an additional team to support and guide the consultants and contractor," he said.

Mr Young said about 600 professionals were now qualified with Estidama, but added that training local consultants has been one of the UPC's biggest challenges.

"We still have some issues overall, but people are now coming around," he said. "Estidama is still a baby. This year has seen so much progress, and we couldn't be prouder."

Saeed Alabbar, the vice chairman of the Emirates Green Building Council, a forum of industry professionals dedicated to environment-friendly practices, said the progress in the past few years could be attributed to economic factors.

"We're seeing everyone on board now - builders, suppliers, government agencies," Mr Alabbar said.

"It's an economic driver; building green buildings makes more economic sense than not building green buildings. They're seeing an opportunity to meet a demand."

Sustainability will work, though, only if the occupants of green buildings change their behaviour.

"Occupiers play an important role," said Rym Baouendi, an adviser for Estidama.

"We can improve sustainable education. Estidama pays a lot of attention to cultural aspects as well. When it comes to behaviour, we have an opportunity to promote our message in places like mosques and schools. We have to spread the word about how behaviour can have a positive impact."

The next battle will be encouraging homeowners to go green when renovating or refurbishing structures that were built before Estidama became mandatory

"We've still got a long way to go," Mr Alabbar said. "We need to drive energy and water conservation, especially in existing buildings."

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
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Name: Hassan Mohsen Elhais

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Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

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Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

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Red flags
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May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

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May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

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August 2025

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November 2025

180 Petrofac employees laid off in the UAE

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Also on December 7 to 9, the third edition of the Gulf Car Festival (www.gulfcarfestival.com) will take over Dubai Festival City Mall, a new venue for the event. Last year's festival brought together about 900 cars worth more than Dh300 million from across the Emirates and wider Gulf region – and that first figure is set to swell by several hundred this time around, with between 1,000 and 1,200 cars expected. The first day is themed around American muscle; the second centres on supercars, exotics, European cars and classics; and the final day will major in JDM (Japanese domestic market) cars, tuned vehicles and trucks. Individuals and car clubs can register their vehicles, although the festival isn’t all static displays, with stunt drifting, a rev battle, car pulls and a burnout competition.

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Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EHakbah%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ENaif%20AbuSaida%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ESaudi%20Arabia%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E22%20%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24200%2C000%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Epre-Series%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EGlobal%20Ventures%20and%20Aditum%20Investment%20Management%0D%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Race card:

6.30pm: Baniyas (PA) Group 2 Dh195,000 1,400m.

7.05pm: Maiden (TB) Dh165,000 1,400m.

7.40pm: Handicap (TB) Dh190,000 1,200m.

8.15pm: Maiden (TB) Dh165,000 1,200m.

8.50pm: Rated Conditions (TB) Dh240,000 1,600m.

9.20pm: Handicap (TB) Dh165,000 1,400m.

10pm: Handicap (TB) Dh175,000 2,000m.

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