Dubai Holding Asset Management (DHAM), a key contributor to the development of the emirate’s business and tourism sectors, has announced community enhancement projects across its portfolio of 15 residential assets in 2023.
Factors such as Dubai’s robust cross-sector activity, economic resilience, and strong quality of life are making the emirate an increasingly attractive city to call home, reflected in a population surge of nearly 100,000 between July 2022 and July 2023.
DHAM’s planned enhancements include the development of EV charging stations and new sports courts, and aim to ensure the Group’s residential communities advance the Dubai 2040 Urban Master Plan’s goals to provide sustainable urban development and enhanced standards of living to the city’s residents.
Ahmed Al Suwaidi, Managing Director of Residential Communities – DHAM, said: “The booming property market echoes one undeniable truth – Dubai is the place to be. Professionals, investors, entrepreneurs, and families alike are flocking to the emirate to benefit from its abundant economic opportunities. As the Dubai Economic Agenda ‘D33’ amplifies this activity, adhering to the Dubai 2040 Urban Master Plan to ensure inclusive, sustainable urban development for existing and future residents is non-negotiable. To prepare for this future, while catering to the changing needs of the 100,000+ individuals who already reside within our neighbourhoods, we are investing in widespread community enhancement initiatives that contribute to resident happiness and ensure our communities serve as models of the Dubai 2040 vision.”
The key areas of enhancement all align with Dubai’s stated quest to become a flagship of sustainability and sustainable values. One of DHAM’s main priorities has been the provision of more EV charging stations (EVCSs) across as many locations as feasible.
DHAM is rolling out new EVCSs across its residential portfolio in collaboration with Dubai Electricity & Water Authority (DEWA), starting with dedicated charging stations across the Ghoroob community in Mirdif. The move responds to rapidly rising demand for EVs from UAE residents and supports the country’s environmental initiatives as it observes 2023 as the ‘Year of Sustainability’.
Ahmed Al Suwaidi commented that: “Residents in our community – and across Dubai – are becoming increasingly conscious of their environmental footprint. Investing in EVs is part of their commitment to living more sustainably, and on our end, that means ensuring they have the infrastructure they need to live their core values. The newly installed stations mean that residents of Ghoroob who wish to invest in EVs now have fewer barriers to doing so.”