HRE Development has partnered with global carbon asset manager Econetix to launch the UAE’s first net-zero real estate initiative, coinciding with Earth Day. This partnership marks HRE as the first green real estate company in the nation, establishing a new standard for sustainable development and demonstrating a strong commitment to environmental and social impact.

A significant aspect of this initiative is the unveiling of the Skyhills Astra project, which symbolizes HRE’s dedication to eco-friendly construction. This project combines innovative design with sustainable materials, positioning it as one of the UAE’s first developments targeting net-zero emissions. To counteract unavoidable emissions, HRE will invest in high-quality carbon projects aimed at removing 1 million tons of CO2 from the atmosphere.

These carbon projects will not only address emissions but will also uplift local communities and provide educational opportunities for children in need, reflecting HRE’s comprehensive approach to sustainability. Wissam Breidy, CEO of HRE Development, noted that this Earth Day signifies a milestone for the company as they embark on their most ambitious journey yet. He emphasized that their partnership with Econetix illustrates their commitment to constructing a legacy for future generations through innovation and measurable climate impact.

Econetix brings expertise in guiding governments and multinational corporations towards net-zero goals and views this collaboration as transformative for the carbon-intensive real estate sector. Jakob Zenz, Founder of Econetix, stated that HRE’s proactive measures challenge the status quo and set a new benchmark for real estate companies globally. He highlighted that integrating high-quality carbon solutions into property development demonstrates that impactful climate action and economic growth can coexist.