Last year we announced that we will implement a number of energy saving initiatives to bring about cost reductions for the Dubai Marina communities. This includes the introduction of LED lights and chiller optimisation.

The team at ECM, along with the Interim Boards, have worked hard to identify and increase efficiencies within the buildings, namely how to become more energy smart. This includes proactively researching the market for products and solutions in order to reduce costs. Through the number of initiatives already introduced, we are pleased to inform you that our Dubai Marina managed communities achieved a collective reduction in electricity consumption of AED 2 million based on the kw/h usage during 2013 compared with 2012. Considering that the electricity consumption during 2012 was 2.4 million lower than that consumed in 2011, these results indicate two consecutive years of reduced consumption and a total saving in the region of 9.4% since 2011.