Eltizam Asset Management Group subsidiary Three60 Communities has performed a key role in assisting Elite Residence, the fifth tallest residential tower in the world, acquire electricity savings of over AED 2.33 million in just one year. The company's implementation of strategic power saving methods and measures have resulted in a 30 per cent discount in energy demand, the equal of saving MWh 5,246 of power, while the environmental impact carried out via the implementation of Energy Conservation Measures (ECMs) saw carbon emissions decreased by 2.6 million kg – equal to 557 cars driven for one year, 295,186 gallons of petrol consumed, 334 million smartphones charged and 303 homes’ energy use for 12 months.
As the community management firm is responsible for every element of Elite Residence, Three60 worked closely with the Board of Elite Residences from the outset and employed award winning energy saving services (ESCO) firm QTM Energy Engineering to carry out all ECMs including: Installation of a building management system for automated operation and control of key HVAC equipment; Mitigation of humidity condition by dewpoint approach; Retrofitting of demand control ventilation; Installation of VFDs for secondary chilled water pumps and FAHUs.
Alan Rowlands, General Manager, Three60 Group, UAE and Oman, said: “As one of the region’s largest and most qualified OAM organizations, attaining and maintaining client satisfaction is our top priority. We are committed to supporting Dubai’s Integrated Energy Strategy 2030, which goals for 30 per cent reduction in Dubai’s energy consumption by 2030, and have worked closely with QTM for the whole period of our operations to make sure that the agreed deliverables of the energy saving service provider have been met. In managing every element of a real estate development, our aim is to provide customers and residents with a sustainable community in which they can live, work and play happily; and we look forward to continuing to meet and exceed our goals in the months and years ahead.”
Justin Markham, Managing Director of QTM, added: “QTM, via our alliance with Three60, is enabling customers to bridge the financial and optimized operational gaps and gain tremendous energy reductions without capital expenditure. Elite Residence demonstrates to the market tangible increase in working profitability and asset appreciation via energy performance contracting.”
Three60 Communities offers the full spectrum of services and activities associated to managing premier initiatives such as Elite Residence and are actively engaged throughout its huge portfolio in the UAE in order to fulfill its commitment to optimizing energy consumption and reducing the operational costs of the buildings and creating happy communities. All projects align with Eltizam’s Get Wonky program, which has been devised and initiated with the aim of doing things differently according to the company’s vision. The accomplishments at Elite Residence comply with the initiative via its CSR and Happiness pillars, which try to make a positive influence on communities and focus on client happiness via unparalleled services.