Press Release

UAE Vision 2021 and Abu Dhabi Vision 2030 to Drive UAE Facility Management Market beyond $ 21 Billion by 2023

Growing number of construction projects, hosting of World Expo and government initiatives such as UAE Vision 2021 and Abu Dhabi Vision 2030 to fuel UAE facility management market through 2023

According to TechSci Research report UAE Facility Management Market By Service, By Application, By In-house Vs Outsource, By Organized Vs Unorganized, Competition Forecast & Opportunities, 2013 – 2023, facility management market in the UAE is projected to reach $ 21.7 billion by 2023. Key factors expected to fuel the market are growing focus towards green buildings, rapid infrastructure development and rising integration of facility management with building design. As the number of mall, hotel and other commercial building development projects is growing in the country, requirement for maintenance and ancillary services is also anticipated to increase, which would further drive the UAE facility management market during the forecast period. 

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Number of buildings which are being supervised by the Dubai Municipality increased from 120,000 in 2016 to more than 125,000 in 2017. Further, more than 26,500 buildings are under construction in the region, which include multi-storied buildings, general buildings, private villas, investment villas, etc. Dubai and Abu Dhabi are the largest demand generating regions for facility management services in the country, on account of huge population and growing investments in commercial and housing sectors in the regions. Property services segment dominated the country’s facility management market in 2017 and is likely to continue its market dominance in the coming years as well, backed by increasing number of construction projects in both residential and commercial sectors.

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“Facility management market in the UAE is registering strong growth, on account of increasing building construction activities in the country, in addition to investments under UAE Vision 2021 and Abu Dhabi Vision 2030, aimed at transforming the country into one of the best in the world. Moreover, growing preference for outsourcing facility management services would further steer growth in the UAE facility management market during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

UAE Facility Management Market By Service, By Application, By In-house Vs Outsource, By Organized Vs Unorganized, Competition Forecast & Opportunities, 2013 – 2023has evaluated the facility management market in the UAE and has provided the statistics and information on market structure, industry behavior and trend. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with strategic recommendations for the UAE facility management market.

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