Empower: District Cooling Raises The Value Of Real Estate Assets
Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, highlighted that the environmentally-friendly district cooling solutions adopted by real estate developers carry a lot of gains for economy, developers and the customers alike. Remarkably, they raise the value of the real estate assets, enhance customers’ happiness and give momentum to buildings’ sustainability rates.
Empower underscores that Dubai’s ‘Cityscape Global 2021’ attaches great importance to spreading the culture of environmentally-friendly buildings and sustainable real estate projects. Major real estate development companies and corporates in Dubai have quickly adopted district cooling systems for the great benefits they offer including: reducing energy consumption, protecting natural resources and curbing carbon emission.
Empower has also pointed out that Dubai’s mega projects and architectural icons use district cooling services such as, ‘Marsa Al Arab’ with a total capacity of 3,700 Refrigeration Tons (RT), The Residences Dorchester Collection Dubai’ with a total capacity of 2,700 RT, ‘1 Residences’ with a total capacity of 3,351 RT, ‘Uptown’ tower with a total capacity of 3,850 RT, ‘One Za’abeel’ with a total capacity of 9,600 RT, ‘Ain Dubai’ with a total capacity of 850 RT, ‘Museum of the Future’ with a total capacity of 2,459 RT, ‘One Palm’ with a total capacity of 2,210 RT, ‘Royal Atlantis’ with a total capacity of 10,650 RT and many others..
“All vital sectors in the country are based on the principle of sustainability and the achievement of comprehensive national development, Ahmad Bin Shafar, CEO of Empower said. “The real estate sector in the country plays a major role in many ways, in addition to showing the civilized side of the nation, it serves the various industrial sectors, and some of them have become the foundation of economic and social life, and directly contribute to supporting the green economy, through its role in implementing the long-term national initiative to build a green economy in the UAE under the slogan ’Green Economy for Sustainable Development’. This initiative was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Through this initiative, the country seeks to occupy a distinguished global position with regards to green economy”, he added.
On the other hand, Empower states that the major real estate companies participating in the ‘Cityscape Global Exhibition’ use Empower’s high-quality district cooling services. District cooling is the ideal solution for real estate projects as it aims to enhance buildings energy efficiency, and the district cooling mechanism serves the main trends in the construction sector, which seeks to reach smart and modern buildings at a lower cost, as it is illogical to construct these buildings with traditional cooling systems. In addition to all of the above, district cooling systems contribute to supporting sustainability efforts and preserving natural resources. The mechanism aims to enhance energy efficiency and reduce its consumption, given that district cooling contributes to saving up to 50% of electricity used for cooling buildings compared to conventional cooling systems.
Empower is working to support all projects that are launched annually in Dubai, especially the major urban developments, Bin Shafar pointed out. It is necessary to keep pace with the fourth industrial revolution, and use digital technologies and artificial intelligence applications, as Empower is working to develop its technologies and innovate solutions to implement the plan for a complete transformation to a green economy, where it has adopted a number of award-winning technologies such as Thermal Energy Storage (TES) and Treated Sewage Effluent (TSE) technologies. Moreover, Empower has been honored with many international awards in recognition of company’s amazing achievements and practical innovations in developing the district cooling industry in the world, raising the standards of the sector.