Dubai-based leading real estate developer, Diamond Developers has launched ‘The Sustainable City – Yiti’ in partnership with the Oman Tourism Development Company (OMRAN Group).
According to the statement, the city is the first project in Oman to achieve the highest global green practices and adhere to the highest sustainability standards, with an investment value of approximately $1 billion.
Spread over an area of 1 million square meters, ‘The Sustainable City – Yiti’ will be developed within the phase 1 of the Yiti Integrated Tourism Development Masterplan, as per the company.
Engineer Faris Saeed, Chairman of Diamond Developers said that, “The Sustainable City – Yiti is not only a benchmark for sustainable urban development, but it is also a working model for future cities. It is a thriving community made up of thousands of residents, visitors, students, researchers, and entrepreneurs.”
“The project is expected to be one of the region’s most sustainable cities, and by adopting the latest solutions in energy production, vertical farming, humidity harvesting, and autonomous transportation, we aim to be net-zero carbon by 2040, in line with Oman’s vision and national strategy,” Eng. Saeed added.
“Our partnership with Diamond Developers to launch ‘The Sustainable City – Yiti’ is a unique milestone in our journey as we continue to invest, develop, and maximize the limitless potential of Oman’s tourism sector. As it’s being developed within one of the largest urban developments in the Middle East, Yiti will open avenues for numerous lucrative investment opportunities for both local and international investors in line with the directions of the Oman Investment Authority. Mirroring the Sultanate’s goal of driving transformational change to attain a green, circular economy and emissions reduction, the city embraces the highest standards of sustainability and attests to our vision of creating an eco-conscious community that is harmoniously aligned with the distinct geography of the region.”
With sustainable innovation at the heart of the development, the project will feature 1657 residential units including 300 eco-friendly and energy-efficient villas.
According to the statement, “Designed for comfort, practicality, and style, the spacious 3- and 4-bedroom villas will also offer significant savings on utility bills.”
In line with the UN Sustainable Development Goals to reduce dependency on non-renewable sources of energy, the city is designed to produce 100 percent of its energy requirements from renewables which include solar panels and biogas.
“Upon completion in 2025, the city will go beyond enhancing the quality of life of its residents, taking an integrated and inclusive approach to urban life and amalgamating green, energy-efficient designs with a people-centric philosophy,” the company noted.
Related: UAE’s Samana Developers unveils $44.9mn residential project ‘Samana Waves’