In celebration of Earth Day, Dubai-based HRE Development has entered into a landmark partnership with carbon asset manager Econetix to launch the UAE’s first Net-Zero real estate initiative.
Through this collaboration, HRE becomes the UAE’s first green real estate company, setting a new net-zero standard and reinforcing its commitment to environmental and social impact.
At the core of this pioneering initiative is the recently launched Skyhills Astra project, which reflects HRE’s dedication to eco-conscious construction. With innovative design, sustainable materials, and real climate impact, the project stands out as one of the UAE’s first net-zero building developments.
To address unavoidable emissions, HRE plans to invest in high-quality carbon projects capable of removing 1 million tons of CO2 from the atmosphere. These projects also aim to support local communities and educational opportunities for children in need, solidifying HRE’s holistic approach to sustainability.
Wissam Breidy CEO – HRE Development
“This Earth Day represents a milestone for HRE Development as we embark on our most ambitious journey yet. Our partnership with Econetix reflects our deep commitment to going beyond construction and building with purpose. We are constructing a legacy for future generations, blending innovation, responsibility, and measurable climate impact.”
With in-depth expertise in guiding governments and multinational corporations toward net-zero goals, Econetix views this landmark partnership as a game changer for one of the most carbon-intensive industries globally.
Jakob Zenz, Founder of Econetix, added that, “HRE’s decisive actions challenge existing norms and set a new example for real estate companies everywhere. By integrating high-quality carbon solutions into property development, they’re proving that impactful climate action and economic progress can go hand in hand. This partnership sets a precedent for the industry, and we hope to see more of these initiatives in the coming years as we move towards a more sustainable future.”
