Solar-powered scheme launched in Dubai
Indian developer Pacific Real Estate Development has launched its first property venture in Dubai, a 28-storey green-minded scheme in Dubai.
Pacific Waterfront will be a mixed-use luxury development, in Tecom Media City, that utilises solar technology for most of its energy requirements.
Parvez Khan, founder, Pacific Real Estate Development, added: “It will be the lowest maintenance residential luxury apartment to invest in.
“Everything starting from the walkways to the gyms to the lights in the building will be maintained through solar technology hence the residents will not be paying a heavy maintenance that they do otherwise for most constructions here or in India.”
Pacific Real estate development is also in the process of acquiring new projects in Dubai’s Business Bay area and Dubai Sports City.
“We are very positive about the real estate market here. Everywhere in the world, the business environment is currently going through upheavals, but we are confident that Dubai will remain a key investment hub for serious property investors,” added Khan.