Dubai PR Network, Online Press Release from Dubai and Middle East
 
(Energy and Industry)
Filter PR by
  
Three60 Communities saves AED 4.75 million by adopting energy efficient initiatives across portfolio
 
  • Single mixed use community in DIFC recorded year on year savings of AED 2.4 million between January-September to make single biggest contribution
  • Environmental footprint reduced for over 20 other communities through water and electricity consumption reduction

15 December 2019 – Three60 Communities, a subsidiary of Eltizam Asset Management Group and a leading regional provider of management services to premium residential and commercial communities, has announced year on year energy & water savings exceeding AED 4.75 million between January and September 2019, through the implementation of initiatives to reduce consumption. Driven by a dual strategy to drive cost savings and minimalize environmental impact, the coordinated effort has produced extremely positive results across the entire portfolio of communities during 2019.

Utility consumption represents the most significant single component of property operating and maintenance costs in the GCC region, often reaching 30-40% of the total cost budget. In line with this, Three60 Communities worked with its FM partners to implement innovative solutions that have led to water, chilled water and electricity usage decrease across more than 20 different communities in the UAE. In total, 10 locations recorded electricity reduction, 9 achieved water consumption reduction and a further four saw a decrease in chilled water usage for a combined savings of AED 4.75 million. The single biggest impact was on an iconic multi-use high rise community in DIFC where a total of AED 2.4 million was saved as a result of an extensive retrofit project that included the installation of multiple energy and water efficiency measures.

Mohammed Alsharaf, COO of parent company Eltizam Asset Management Group, added: “In 2019, Three60 Communities have set the standard for all companies under the umbrella of Eltizam Asset Management Group with regards to energy savings and giving back to society by reducing negative environmental impact. Ultimately, we want to make a strong contribution to the UAE Energy Strategy 2050. The strategy aims to increase the contribution of clean energy in the total energy mix from 25 per cent to 50 per cent by 2050 and reduce carbon footprint of power generation by 70 percent by the same year. Through the foundations that continue to be laid, Eltizam and our subsidiaries will be heavily involved in the national effort and I am proud of the efforts being demonstrated by everyone in all departments.”

Alan Rowlands, General Manager, Three60 Group, said: “We are very proud to have achieved these energy savings and are even more delighted when considering the figures recorded exceeded our set annual targets. Lower energy use not only helps reduce our communities’ environmental footprint (by way of reducing burning of fossil fuels and resulting CO2 emissions), but directly contributes to lowering the operating costs of the communities which we manage. This allows owners associations to invest in community improvements and ensure continuity of services within their communities.”

Alan continued, “As one of the region’s largest, most reputable and highly qualified owner’s association management (OAM) companies, we strive to build sustainable communities and benchmark ourselves against the best in the business while maintaining the highest international standards. In managing every aspect of a real estate development, we provide clients and residents with a happy community in which they can live, work and play. We look forward to retaining the high levels of their satisfaction and enhancing our services even further in the coming years.”

In terms of electricity, a set of energy conservation measures was implemented by the Three60 Communities team working with each community’s facilities management partner. These measures include: monitoring and controlling lighting use in parking and common areas with only essential lighting at night; Optimizing HVAC operating parameters to maintain desired air temperature, by switching off fresh air handling (FAHU) units after the office hours in commercial buildings; Changing the day/night temperature settings of FAHU per ambient temperature; Controlling the chilled water flow by adjusting the variable-frequency drive (VFD) parameters, etc.

As one of the region’s largest and highest qualified OAM companies, Three60 Communities are responsible for running over 115 premium communities across the UAE and Sultanate of Oman; provide comprehensive owner association management services to master communities, residential and commercial towers, mixed use developments and villa communities.


Posted by : Dubai PR Network Editorial Team
Viewed 4178 times
PR Category : Energy and Industry
Posted on : Monday, December 16, 2019  8:22:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Empower Sets a Clear Vision to Keep Up with Urban Growth and...
Next Story : Empower Pilots the world's First unmanned District Cooling p...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
HONOR MagicBook Series is Perfect for Fashion Forward, Design Conscious Individuals Across... [4432-Views]
Vatika Launches Natural Hair Food, an Effective Solution for Dry Hair [3067-Views]
Omega Announces Its Role as the Official Timekeeper of the 36th America's Cup [3042-Views]
Foreo Reveals 5 Ways to De-Stress Your Skin [2923-Views]
DTTAG New Executive Committee to Manage Post Covid 19 Return to Normalcy of Travel [2882-Views]
The Best Omega Sunglasses For a Long-Awaited Summer [2767-Views]
Emirates Post Unveils Modern New Website and Look [2530-Views]
Ethical JLT Salon THT is Supporting those whose Jobs have been affected during COVID-19 w... [2427-Views]
FEM Collaborates with Arab Comedian Maya Acra to Address the Taboo Around the Topic of Hai... [2403-Views]
Karl Lagereld Drives Digital Innovation With Launch of the “Maison Karl Lagerfeld” Game. [2329-Views]
Innovating to Fight COVID-19: Four Ways Drones are Contributing [2292-Views]
Urgent Implementation of ICAO COVID-19 Guidelines Needed [2271-Views]
Blue Ocean for Islamic Finance Industry [2251-Views]
Sony Middle East & Africa Introduces New Digital Camera ZV-1, designed for Vlogging in the... [2206-Views]
Commodity Weekly: Crude Oil Frets Geopolitics, Sluggish Demand Bounce [2148-Views]
Ericsson's USA 5G Factory: Staffed by Professionals – Trained by VR [2087-Views]
Airline Debt to Balloon by 28% [2050-Views]
Al Tayer Motors and Premier Motors Honour UAE's COVID-19 Frontline Heroes [1906-Views]
Sony Middle East and Africa and Gearbox team up to offer rental services of latest digital... [1857-Views]
80th Anniversary of Maserati's Targa Florio Victory Maserati Tests an Mc20 Prototype on th... [1845-Views]
Parmigiani Fleurier Toric Fleur [1833-Views]
Twentieth “World Milk Day” Sees NFPC Innovate With New Products That Meet Changing Consume... [1812-Views]
Tips for Keeping Your Smartphone Clean [1783-Views]
WTTC Launches Safe Travels Protocols for Aviation, Airports, MICE and Tour Operators [1759-Views]
ATM Virtual to Focus on Potential Chinese Outbound Travel Market [1738-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories