‘Dubai's Real Estate Market Prioritises Sustainability’

Ravi Bhirani, Managing Director of ANAX Developments, speaks to REM TIMES about the need for sustainable practices and innovative technologies in the real estate landscape

Driven by an ambitious goal to transform Dubai's real estate landscape, Ravi Bhirani is often described as a visionary architect of urban dreams and skylines. With a solid academic foundation in engineering and technology and a distinguished career trajectory, Ravi started his career in real estate and construction in 2007 when he became the Chairman of Hyderabad-based Karan Construction and Development. In 2014, he moved to Dubai and took on Senior Sales Consultant roles with local real estate agents.

One of the heads of ANAX Developments since 2023, Ravi leads the sales consultants’ team and oversees the strategy, execution, and performance of the company's projects in the real estate market with passion, drive, and flair. He has 15 years of experience in sales, consulting, and directorship, working with prestigious companies where he honed his skills in negotiation, communication, and relationship management.

In an interview with REM TIMES, the Managing Director of ANAX Developments speaks about  the pressing need for sustainable practices and innovative technologies in the dynamic world of real estate.

Q. How are sustainable development and technology integration influencing real estate investments in Dubai?

With a craze for innovation and the hottest tech, sustainable development and technology integration are significantly transforming the real estate investment landscape in Dubai. As the city positions itself as a global leader in innovation and sustainability, these factors are shaping the sector in several key ways.

Technology enhances operational efficiency, reduces energy consumption, and offers improved user experiences, which further translates to long-term cost savings and increased asset value.

Ravi Bhirani, Managing Director, ANAX Developments 

Dubai's real estate market increasingly prioritizes sustainability, driven by government initiatives like the Dubai Clean Energy Strategy 2050 and the Dubai Sustainability Strategy 2030. Investors are now more inclined towards projects that meet green building standards and incorporate energy-efficient technologies. Properties with certifications such as LEED or Estidama tend to attract premium investors and tenants, reflecting a growing demand for eco-friendly living spaces.

Moreover, the integration of advanced technologies in real estate developments such as smart home systems and energy management solutions has become a distinguishing factor. Today, technology enhances operational efficiency, reduces energy consumption, and offers improved user experiences, which further translates to long-term cost savings and increased asset value.

The Dubai government also offers various incentives for sustainable and technologically advanced projects. These include reduced fees for green developments and grants for technology-driven initiatives. Such support reduces financial risks and encourages more investors to consider sustainable and tech-forward projects.

Furthermore, as consumers become more aware of the benefits of sustainable and technologically advanced properties, there is a noticeable shift towards investing in developments that offer long-term economic and environmental benefits.    

Q. Could you tell us more about ANAX Developments' debut project, Vento Tower, worth AED 470 million, and how it embodies your commitment to sustainability and technological advancement?

Vento Tower, our inaugural project at ANAX Developments, is a significant milestone for us, and naturally, a very exciting project for the company. This 19-story tower features 225 luxurious, fully-furnished studios and one-bedroom apartments, designed and equipped to the highest standards encompassing top-notch innovations to showcase our brand vision in the best light. It includes exceptional amenities and top-of-the-line appliances, all integrated with a Smart Home System by Bosch, reflecting our commitment to cutting-edge technology and modern living creating an unmatched experience for the residents.

With sustainability at the heart of our mission and a key focus across all our endeavours, Vento Tower exemplifies our dedication to creating urban green spaces through extensive landscaping, which not only enhances the environment but also fosters sustainable, livable communities with a long-term future. 

In alignment with the UAE’s vision and the insights gained from COP28, we are committed to advancing sustainability and technology as they closely intertwine. We are actively exploring best practices from leading countries to ensure our projects meet the highest environmental standards and contribute to the creation of future-ready, sustainable developments continuing to reinforce our overall vision to set new benchmarks for accessible luxury real estate to foster a shift where our residents truly see Dubai as their new home.

Q. How is ANAX Developments redefining the accessible luxury real estate market in the UAE through sustainable practices and innovative technologies?

With sustainable practices and innovative technologies working seamlessly to enhance both environmental and operational outcomes, ANAX Developments aims to change the game in the UAE’s accessible luxury real estate market with a strong focus on sustainability and innovative technology. Driven by a strategic vision, our debut project, VENTO Tower is a perfect embodiment designed to offer top-notch residential quality while incorporating the latest tech and green solutions.

Looking at global trends and statistics to stay abreast, a study from the World Green Building Council recently revealed that approximately 40% of worldwide carbon emissions are attributed to the construction of buildings and the energy needed to run them. As a newcomer in the UAE real estate market, we are committed to not just providing excellence but our mission is to do so with innovation, and sustainability front of mind. We strive to remain environmentally responsible through using eco-friendly materials and energy-efficient systems to minimize our environmental footprint while enhancing the quality of life for our residents further providing homeowners with ways to make the most of energy resources available to them.

Furthermore, we believe that the future of real estate lies in creating spaces that not only meet but exceed the expectations of modern urban living, all while staying committed to our environmental pledge.

Q. What are your company's ambitious vision and upcoming projects that emphasize sustainable development and technology integration in the real estate sector?

Our ambitious vision is to establish ANAX Developments as the UAE’s most trusted real estate developer by spearheading a transformative shift in the sector. We aim to set new standards in sustainability and technology integration while elevating the quality of living and fostering a sense of pride for those who choose to call Dubai their home. Our commitment extends beyond merely meeting expectations; we are dedicated to creating environments that both redefine modern living and embody our principles of environmental stewardship and technological innovation with many elements thoughtfully incorporated that are uncommon in Dubai’s urban development.

Looking ahead, we are excited to unveil three groundbreaking projects in Meydan, Al Furjan, and Al Warsan later this year. These upcoming developments will continue to reflect our unwavering commitment to integrating cutting-edge technology with sustainable design principles yielding better urban living standards. Soon to be revealed, each project is designed to enrich Dubai’s real estate market by incorporating global best practices and the highest benchmarks, thus redefining the city’s urban landscape and setting new heights for future developments across the UAE and the wider region.