UAE Facility Management Market to be Led by Property Services Through 2028
The
growth in the real estate sector and sustainable smart city development are
likely to propel the UAE facility management market during the forecast
period from 2024 to 2028.
According
to TechSci Research report, “UAE Facility Management Market –By Region,
Competition Forecast & Opportunities, 2018–2028”, UAE Facility Management
Market is anticipated to register a robust growth during the forecast period,
2024-2028. The need for facility management services in UAE is expected to
increase due to planned and ongoing infrastructure developments. Various
projects require facility management services for their upkeep and repair, positively
impacting and boosting the country's facility management market. Furthermore,
real estate development activities, a growing focus on green building, smart
city development, and technology integration all directly impact the demand for
facility management services in the country.
Moreover,
the emergence of new and advanced technologies is further expected to fuel the
market advance. When the latest technologies, such as building information
modelling (BIM), advanced heating, ventilation, and air conditioning (HVAC),
and automated facility management software, are integrated, companies are able
to deliver excellent solutions to customers.
Moreover,
FMs must effectively manage waste, water, energy, and air quality in green
buildings. A green building has low running expenses, low maintenance costs,
low development costs, a healthier internal atmosphere, and increased
durability. Market participants in the area considerably enhanced their offers
in response to the rising demand for sustainable facility management solutions,
which gave them more opportunity to promote them.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on
"UAE Facility Management Market.”
UAE
Facility Management market is segmented into service, end user, sector, type,
industry and region. Based on service, the market is segmented into property,
cleaning, security, support, catering & others. Based on end user, the
market is segmented into commercial, residential, industrial and public sector.
Based on sector, the market is segmented into education, healthcare, real
estate, banking, hospitality, housing, others. Based on type, the market is
segmented into hard and soft. Based on industry, the market is segmented into
organized and unorganized. Based on region, the market is segmented into Dubai,
Abu Dhabi, Sharjah and Other Emirates.
Based
on region, Dubai is the dominating region in the UAE facility management market
owing to huge population, and growing investments in commercial & housing
sector. Furthermore, tourism activities in this region are expected to
contribute to the growth in the hotel industry, thereby creating ample demand
for facility management services. Additionally, growth of the real estate
sector across Dubai, mainly due to increased investments from the government,
is expected to positively influence the demand for facility management in this
region. Also, development of a wide range of hospitality complexes is
anticipated to boost demand for facility management over the forecast period in
Dubai.
Based
on services, property and cleaning services dominates in the UAE facility
management market due to the growth in the country’s industrial and commercial
sectors, coupled with easy credit conditions, increasing purchasing power
parity and booming housing sector are expected to boost demand for property and
cleaning services during the forecast period.
Based
on end user, commercial is dominating in the UAE facility management market is
expected to be driven by the rising demand from hotels, retail outlets, malls
and office buildings in the country, particularly in Dubai, Abu Dhabi &
Sharjah. Additionally, upcoming mega projects such as Sky Walk, Meydan One,
Mall of the World, Dubai Creek Tower, The Palm Tower, Guggenheim Abu Dhabi,
etc., which are expected to be completed in the upcoming period, are poised to
augment demand for facility management in UAE.
Major
market players operating in the UAE Facility Management Market are:
- Emrill
Services LLC
- Imdaad
LLC
- Farnek
Services LLC
- EFS
Facilities Services Group
- Transguard
Group LLC
- Khidmah
LLC
- Etisalat
Facilities Management LLC
- Cofely
Besix Facility Management LLC
- Al
Shirawi Facilities Management LLC
- Khansaheb
Facilities Management
- Enova
Facility Management Services LLC
- Idama
Facilities Management Solutions
- Deyaar
Facilities Management LLC
- MAB
Facilities Management LLC
- Eltizam
Asset Management Group
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“UAE,
the financial hub of the Middle East, emerged as one of the most potential
markets for Facility Management (FM) services in the historical period. Various
initiatives & efforts by the UAE government toward diversifying its economy
from the traditional oil export service sector to non-oil sectors are
propelling the growth of the market in the country. The rapidly expanding
construction sector is also projected to offer lucrative opportunities to the
service providers in the UAE. In addition, the mounting demand for such
services in commercial & residential buildings, coupled with rising
industrial projects across the UAE, also pushed the market. Moreover, the
increasing inflow of tourists in the UAE is accelerating numerous construction
activities associated with hotels, malls, etc., which, as a result, is
augmenting the need for facility administration services.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“UAE
Facility Management Market Segmented By Service (Property, Cleaning, Security,
Support, Catering, Others), By End User (Commercial, Residential, Industrial,
Public Sector), By Sector (Education, Healthcare, Real Estate, Banking,
Hospitality, Housing, Others), By Type (Hard, Soft), By Industry (Organized,
Unorganized), By Region, Competition Forecast & Opportunities, 2028,” has evaluated the future growth
potential of UAE Facility Management Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in UAE Facility Management Market.
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