Provis receives “Sustainability Award – Proptech” at 2021 Smart Built Environment Awards

Provis has received the Sustainability award – Proptech category during the Smart Built Environment Awards 2021 ceremony held recently in Dubai. Provis was recognized for its exceptional efforts in utilizing technology to achieve significant energy savings, implementing a series of international green practices to make its business and communities under its management more sustainable, and implementing effective sustainability strategies to protect the environment.

HP Aengaar, CEO at Provis, said, “We are extremely proud to be recognized at the Smart Built Environment Awards for effectively adopting technology to make our business and communities greener. Our hard work has paid off, and we have been able to deliver on our promise. Our sustainability strategy was developed in line with the United Nations Sustainability Development Goals (UN SDGs) and is cascaded across the organisation. We have introduced several technological and sustainable innovations aligned with these goals that have lowered our overall environmental footprint and positively impacted the environment, our communities, our employees, and the wider community.”

Provis achieved significant energy and utility savings totaling AED 3.4 million in the first six months of 2021 across 12 Provis managed communities, exceeding its initial six-month objective of AED 1.85 million. Through chilled water and energy-saving activities, the company eliminated almost 7,000 tonnes of carbon emissions. It saved more than 17 million kWh of energy, marking a 14 percent increase over the same period last year. By the end of 2022, the corporation wants to improve its annual energy savings targets by 2 to 3 percent.

Provis has been nominated as finalist in three other categories at the “Smart Built Environment Awards 2021”, which are “Property Management Company of the Year”, “Customer Happiness Award”, and “Industry Personality of the Year”.

Aldar Properties established Provis in 2019 as a professional estate management company with the goal of being a leading estate management player that provides unique, technology-driven, and innovative customer experiences and journeys. Provis took over Aldar Properties’ retail operations in January and recently purchased Asteco Property Management, expanding its offering to encompass retail operations, valuation and consultancy, and franchising, and becoming the Middle East’s largest full-service real-estate services company.

Today, Provis administers over 25,000 units under property management, over 28,000 units under Owners Association management, and over one million sqm of assets dispersed among 23 respected commercial buildings across the UAE and the wider region. In addition, the company administers approximately 600,000 sqm of retail assets spanning four shopping malls and 26 retail community locations, as well as over 1,400 retail brands.