Buildings account for 40-odd percent of energy use, 25% of water consumption and one-third of global greenhouse gas emissions. With such a staggering impact, real estate holds tremendous economic, social and environmental potentialities for the global development agenda. This chapter intends to provide an overview of sustainable real estate in the Middle East by focusing on the state of the industry and identifying the challenges faced by the region. Finally, the trends shaping the future of sustainable real estate are discussed. In conclusion, the initiatives put forth so far have been on an ad hoc rather than systematic basis and the Middle East sustainable real estate industry is still in an incipient state.
|Title of host publication||Sustainable Real Estate: Multidisciplinary Approaches to an Evolving System|
|Editors||Thomas Walker, Cary Krosinsky, Lisa N. Hasan, Stéfanie D. Kibsey|
|Publication status||Published - 2019|