HRE Development partners with Econetix to launch UAE's first Net-Zero real estate initiative on Earth Day - Middle East Business News and Information
This collaboration positions HRE as the nation ' s first green real estate company
Dubai, UAE: HRE Development has announced a groundbreaking partnership with global carbon asset manager Econetix to take sustainable development in the UAE to the next level – just in time for Earth Day.
This collaboration positions HRE as the nation ' s first green real estate company, setting a new net-zero standard and demonstrating a commitment to environmental and social impact.
Central to this initiative is the recently launched Skyhills Astra project, unveiled as a symbol of HRE ' s dedication to eco-conscious construction. Combining innovative design, sustainable materials, and real climate impact, the project is one of the UAE ' s first net-zero building developments.
To address unavoidable emissions, HRE will invest in high-quality carbon projects capable of removing 1 million tons of CO2 from the atmosphere.
These projects also uplift local communities and support educational opportunities for children in need, reinforcing HRE's holistic approach to sustainability.
' This Earth Day represents a milestone for HRE Development as we embark on our most ambitious journey yet,' said Wissam Breidy, CEO of HRE Development. ' Our partnership with Econetix reflects our deep commitment to going beyond construction and building with purpose. We are constructing a legacy for future generations, blending innovation, responsibility, and measurable climate impact.'
Econetix, with its expertise in guiding governments and multinational corporations toward net-zero goals, views this collaboration as a game changer for one of the most carbon-intensive industries globally.
' HRE's decisive actions challenge existing norms and set a new example for real estate companies everywhere.By integrating high-quality carbon solutions into property development, they ' re proving that impactful climate action and economic progress can go hand in hand. This partnership sets a precedent for the industry, and we hope to see more of these initiatives in the coming years as we move towards a more sustainable future.' said Jakob Zenz, Founder of Econetix.
About HRE Development:
Founded in 2021 with the backing of a prominent construction group, HRE Development L.L.C., has rapidly established itself as one of the UAE's most dynamic property developers. The company is known for creating vibrant, high-quality residential communities that combine aesthetic appeal with functionality and sustainability.
Driven by innovation and a keen eye for detail, HRE's projects reflect a deep commitment to social responsibility, underscored by its long-term partnership with Dubai Cares to support educational empowerment worldwide.
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