Dubai's Sustainable Architecture: A Green Revolution Blooms

Realiste Identifies Four Factors Driving Sustainable Architecture

Firstly, the UAE government has set a target of having 50% of all buildings in Dubai be sustainable by 2030 and has launched several initiatives to encourage sustainable building practises.

Secondly, sustainable architecture provides economic benefits such as lower operating costs, increased asset value, and higher rental yields. Thirdly, advances in technology have made sustainable architecture more accessible and cost-effective. Finally, there has been a growing awareness of and concern for environmental issues among consumers, resulting in a shift in demand towards more sustainable products and services.

Realiste's goal is to build the first real estate exchange that can help identify the most profitable options in the market, allow purchase online within seconds directly from developers, and manage all the purchased assets in one place.

The company aims to revolutionise the real estate market in the MENA region by increasing its transparency and accessibility for investors worldwide. Realiste covers over 20 cities, including London, New York, Riyadh, and Bangkok, and plans to expand to more than 30 cities globally by the end of 2023.

In February 2023, Realiste launched a joint venture in Saudi Arabia with local partners, including Ahmed Alenazi, the former CEO of STC Pay, a successful fintech unicorn startup. The company's revenue in Dubai stands at $1 million, and the team aims to reach $30 million by the end of 2023.