**United Arab Emirates**: HRE Development partners with global carbon manager Econetix to launch the UAE’s first green real estate company, advancing net-zero building practices through the Skyhills Astra project and investing in carbon offset schemes supporting environmental and social goals.
HRE Development has announced a pioneering partnership with global carbon asset manager Econetix, aiming to elevate sustainable development standards in the United Arab Emirates. The announcement coincides with Earth Day and marks a significant step forward in the nation’s commitment to environmentally responsible real estate practices.
This collaboration designates HRE Development as the UAE’s first green real estate company, establishing a new benchmark for net-zero construction and underscoring the company’s dedication to positive environmental and social impact. At the heart of this initiative is the Skyhills Astra project, recently launched as a flagship demonstration of HRE’s eco-conscious construction ethos. The development integrates innovative design principles and sustainable materials, making it one of the UAE’s early net-zero building projects.
Acknowledging that some emissions are unavoidable in building processes, HRE plans to address this by investing in premium carbon offset projects that have the capability of removing one million tons of carbon dioxide from the atmosphere. Beyond the environmental benefits, these projects are designed to contribute to the well-being of local communities by supporting educational opportunities for children in need, reflecting HRE’s comprehensive approach to sustainability.
Wissam Breidy, CEO of HRE Development, highlighted the significance of this initiative, stating, “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.”
From Econetix’s perspective, the collaboration signifies a transformative moment for the real estate industry, which is traditionally seen as highly carbon-intensive. Jakob Zenz, founder of Econetix, remarked, “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.”
This partnership highlights a strategic move within the UAE’s real estate sector towards more sustainable practices, with HRE Development aiming to lead the way through innovative projects and comprehensive environmental responsibility.
Source: Noah Wire Services
- https://www.arabianbusiness.com/industries/real-estate/hre-development-econetix-join-forces-on-earth-day-to-transform-uae-real-estate-sustainability – This article supports the claim that HRE Development has partnered with Econetix to launch net-zero initiatives in the real estate sector, coinciding with Earth Day, and highlights their commitment to sustainability through projects like Skyhills Astra.
- https://www.khaleejtimes.com/kt-network/hre-development-econetix-green-initiative-real-estate – It corroborates the launch of the UAE’s first net-zero real estate initiative by HRE Development and Econetix, marking a significant step in sustainable development.
- https://mid-east.info/hre-development-partners-with-econetix-to-launch-uaes-first-net-zero-real-estate-initiative-on-earth-day/ – This source confirms the partnership between HRE Development and Econetix to launch the UAE’s first net-zero real estate initiative on Earth Day, highlighting their commitment to environmental responsibility.
- https://news.uppersetup.com/real-estate/2025/04/22/hre-development-and-econetix-launch-uaes-first-net-zero-real-estate-initiative/ – This article details the partnership and its significance, noting that HRE Development becomes the first green real estate company in the UAE, setting a new standard for sustainable development.
- https://www.zawya.com/en/projects/construction/dubais-hre-development-to-offset-1mln-tonnes-of-co2-from-skyhills-astra-project-q1prriiv – It reports on HRE Development’s plan to offset one million tons of CO2 through certified carbon removal projects, emphasizing the social and environmental benefits of the Skyhills Astra project.
- https://www.noahwire.com – Although this source does not provide direct specific information about the partnership, it is mentioned as the original source in the query.
- https://news.google.com/rss/articles/CBMimAFBVV95cUxNTFRpQUJhZGs4TnhzZWJlVEN3bFd4cnhXcUNWVTdNeDQ3LXcwNmNIcXlPSHhYcFgwUGZrd3Y3VEtFMU4zdHdZZFNjclRjVVR4eU1KR2Q4NHFSVFExU3hSaDdkejlrZVMtZjRkSHVIRkcwWUZCNGVCUEhCaXppUEhWUWcyaEtWNGJtS0x2cVI5VjNvSWdtVUoyd9IBoAFBVV95cUxQUVpVa28ya2NxZVlxQ21aYlh5UTU4SW9qdnk5RzhiUjhWbTY1cUJGVGYxWjNqc3hWYnJNMjhTZjBXaHFhNGhQX3lvYVJOejJlMXVZYXVMc1MtSGV3UEpzX3AwcDJ2cDhtRjdlVTd2d0NfZm1Ba2pzTnFOenpVaUgtcTJJNTNtanJkV0V0bTRob25BSzFGNEIzbm5jWHpzWmxo?oc=5&hl=en-US&gl=US&ceid=US:en – Please view link – unable to able to access data
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
9
Notes:
The narrative references an announcement coinciding with Earth Day and discusses a newly launched project, Skyhills Astra, indicating recent developments. There are no signs of outdated information such as role changes or references to past events. It appears to be a fresh release rather than recycled news, though no direct date is given beyond the Earth Day mention.
Quotes check
Score:
8
Notes:
Direct quotes from Wissam Breidy (CEO of HRE Development) and Jakob Zenz (founder of Econetix) are included. These quotes appear original and specific to this announcement, with no earlier known references found online. This suggests they are likely from an exclusive statement or press release, increasing their authenticity.
Source reliability
Score:
7
Notes:
The URL indicates a Google News feed sourcing from a news aggregator, not a primary well-known publication like Reuters or BBC. This reduces certainty about editorial standards or fact-checking rigor. However, the companies mentioned are identifiable entities in real estate and carbon management, which lends some credibility to the narrative.
Plausability check
Score:
9
Notes:
The claims about pioneering net-zero construction, carbon offset investment, and advancing sustainability in the UAE real estate sector align with current trends and are plausible. The stated goals and partnership dynamics are consistent with real industry shifts towards eco-friendly development, though verification of project impact would need more data.
Overall assessment
Verdict (FAIL, OPEN, PASS): PASS
Confidence (LOW, MEDIUM, HIGH): HIGH
Summary:
The narrative presents a timely and plausible announcement of a sustainable real estate partnership in the UAE, supported by original quotes from key executives. While sourced via a news aggregator rather than a top-tier publication, the information is consistent with verifiable trends and lacks indications of being recycled or outdated. The freshness and credibility of the statements justify a high confidence in the content’s accuracy.
