UAE
facility management market is expected to increase during the forecast period
due to the UAE government being the largest sponsor of construction activities,
particularly infrastructure projects, which would fuel the UAE Facility
Management Market in the forecast period. UAE has emerged as one of the most
popular tourist destinations in the world which has led to the development of
modern skyscrapers, shopping malls, and theme parks. Such huge facilities
demand dedicated services, such as cleaning, security, gardening, waste
management, document management, and laundry, which will drive the growth of
the UAE facility management market over the next few years.
Daily
operations required to guarantee that a physical environment supports an
organization's needs and fundamental function are known as facility management.
Facility management comprises lease administration, accounting, planning, and
management of capital projects, maintenance and operations, energy management,
and many more.
UAE
Facility Management Market: Drivers & Trends
Growth
in Real Estate Sector
The
UAE facility management market is majorly impacted by the growth of the real
estate sector in the country. Strong and stable economic conditions coupled
with liberal government policies such as providing Emirati citizenship and
golden visas to investors and select ex-pats to allow 100% ownership of
businesses to foreign nationals would significantly fuel the real estate sector
in the country, particularly in Dubai and Abu Dhabi. This would increase the
demand for facility management services, such as security, HVAC maintenance,
and cleaning services, thereby boosting the UAE facility management market.
Sustainable
Smart Cities Development
The
UAE government aims to develop smart and sustainable cities to preserve the
environment and to achieve a perfect balance between economic and social
development. The facility management industry is benefiting from sustainable
smart city projects by implementing automation and enhanced data-driven
technologies. UAE is methodologically adopting smart city infrastructure to
integrate the latest and sustainable technologies in the built environment,
which in turn, is anticipated to aid the growth of the UAE facility management
market during the forecast period.
Demand
for Improved Facility Services
Companies
in the UAE are outsourcing facility management and related services to
streamline management and improve performance which will increase the demand
for integrated facility management services. Moreover, large conglomerates have
operational bases in UAE, and they demand improved soft services to manage
their facilities across multiple locations. Single contracts from such
organizations can hugely benefit facility management companies. The integration
of innovation, technology, and upskilling in facility services will drive the
UAE facility management market.
Rising
Demand for Sustainable and Energy Efficient Green Building Solutions
To
ensure the country's sustainable development, the UAE is encouraging the usage
of eco-friendly solutions to cut down on energy consumption and lower the
greenhouse effect. As a result, the nation is concentrating on creating green
structures. The term "green building" refers to a structure and
procedures that save resources and the environment throughout a building's
entire lifecycle, from its design to its construction to its operation to its
rehabilitation to its demolition. The Emirates Green Building Council (Emirates
GBC) was established in 2006 with the mission of improving green construction
practices for the country's sustainability and environmental protection. FM
professionals in the UAE are well equipped and competent in greening existing
buildings and can simultaneously lead a building to the path of achieving green
building certification. Consecutively, Dubai received the Platinum Rating in
the Leadership in Energy and Environmental Design (LEED) for Cities
certification awarded by the US Green Building Council (USGBC) in 2019.
Government
Projects & Initiatives
The
government of UAE is launching various infrastructural developmental master
plans that would predominantly increase the number of commercial and
residential facilities across the country and therefore create opportunities
for facility management players. For instance, Dubai’s 2040 mega-urban master
plan would increase the potential market for facility management players as
they will get involved at the envisioning stage of this master plan. This
visionary master plan would have immense opportunities for automation,
technology, and artificial intelligence in integrated facility management
services offerings. Going with the simple estimate, it will require about a
300,000-strong FM workforce to support such a plan. Moreover, the facility
management industry players need to raise their bar both in terms of quality
and compliance through upskilling, automation push, setting processes, and
building best practices and state-of-art supply chains.
Integration
of Facility Management in Building Design
In
UAE, facility management is being increasingly incorporated into the designing
of buildings, which helps builders to construct buildings that can be easily
maintained over a long period. Facility managers are consulted at the start of
the design phase to provide feedback on the effective utilization of the
project area, landscaping, fire and safety systems, and lifecycle cost analysis
of the building. Over the lifecycle of a building, almost 80% of the total cost
is incurred on facility management. Facility management in building design aims
to reduce the total cost of these services over the building’s entire
lifecycle. Furthermore, facility management integration helps the owners to easily
manage and control the facility with the minimum disruption possible, thereby
increasing the total life of the buildings.
Growing
Usage of Integrated Workplace Management Systems
The
integrated workplace management system (IWMS) aims at increasing the
operational, environmental, and financial performance of facilities by managing
real estate portfolios, maximizing capital projects, improving facility
utilization, and reducing energy and other operational costs of facilities.
Moreover, factors such as the increasing use of cloud computing and government
mandates on technological advancements are further boosting demand for IWMS in
the UAE Facility Management Market.
Increasing
Usage of CAFM & BIM Software
Emerging
technological developments in facility management are encouraging many
corporate organizations to opt for automated building management solutions.
Computer-aided facility management (CAFM) and building information modeling
(BIM) software are witnessing increasing implementation in facility management
and the real estate industry. These are the administrative tools that aim to
develop and track the virtual models of building operations. Additionally, the
adoption of IWMS to manage real estate portfolios will fuel the UAE facility
management market during the forecast period.
Surging
Demand for Cyber and Information Security Management
Modern
facility management also includes IT, automated controls, and security against
cyber-attacks. UAE government and businesses are constantly focusing on building
efficient defense management against cyber-attacks. Factors, such as increasing
internet penetration, rising cases of cyber-attacks, and surging use of IoT,
are driving the demand for cyber and information security management in
facility management services.
Age
of IoT, Artificial Intelligence, and Smart Devices
IoT
is increasingly gaining acceptance in the facility management industry as it
improves the quality of services offered to customers. IoT in integrated
facility management primarily involves the automation of building functions,
such as air conditioning of buildings, ventilation, and automated security. IoT
allows facility managers to undertake tasks that are considered hazardous or
difficult for humans, thereby increasing the scope of integrated facility
management. IoT coupled with Automation, Real-Time Data Analysis, and Machine
to Machine Communication will help in predictive and condition-based
maintenance which is anticipated to augment the demand for advanced facility
management services and therefore, boost the facility management market in a
tech-savvy country like UAE.
Massive
Requirement for Initial Capital Investment
The
country’s facility management industry is highly cost-driven, as it requires
huge initial capital investment due to its high operational and maintenance
cost. Furthermore, high labor costs and the incorporation of new-age
technologies such as Integrated Workplace Management Systems (IWMS),
Computer-aided Facility Management (CAFM), Building Information Modelling (BIM),
and the Internet of Things (IoT) are also among the major factors leading to
higher cost for facility management companies. Organizations need to understand
the value of good facility management services, only then the UAE Facility
Management Market can grow.
Lack
of Skilled Workforce
Many
professionals working in the facility management business do not have the
required skill sets to deliver high-quality management services. Shortage of
skilled labor, poor talent acquisition, and lack of proper training are the
major challenges faced by the market players in this industry. As a result, the
companies in UAE struggle to acquire well-qualified and capable staff in the
market. Companies need to provide constant training programs to workers in the
industry to overcome this challenge.
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Market
Segments
The
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 sectors. Based on sector, the market is segmented into education,
healthcare, real estate, banking, hospitality, housing, and 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.
Market
Players
Players
in the UAE facility management market include 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.
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historic
Data
|
2018 – 2022
|
|
Estimated Year
|
2023
|
|
Forecast
Period
|
2024 – 2028
|
|
Quantitative Units
|
Revenue in USD Million and CAGR for 2018-2022
and 2023-2028
|
|
Report
Coverage
|
Revenue forecast,
company share, growth factors, and trends
|
|
Segments Covered
|
Service
End User
Sector
Type
Industry
Region
|
|
Regional
Scope
|
Dubai, Abu
Dhabi, Sharjah, and Other Emirates
|
|
Key companies profiled
|
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
|
|
Customization
scope
|
10% free report customization with purchase. Addition
or alteration to country, regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet
your exact research needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word format
on special request)
|
Report
Scope:
In this report,
the UAE facility management market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
- UAE Facility Management Market, By
Service:
o
Property
o
Cleaning
o
Security
o
Support
o
Catering
o
Others
- UAE Facility Management Market, By
End User:
o
Commercial
o
Residential
o
Industrial
o
Public
Sector
- UAE Facility Management Market, By
Sector:
o
Education
o
Healthcare
o
Real
Estate
o
Banking
o
Hospitality
o
Housing
o
Others
- UAE Facility Management Market, By
Type:
o
Hard
o
Soft
- UAE Facility Management Market, By
Industry:
o
Organized
o
Unorganized
- UAE Facility Management Market, By
Region:
o
Dubai
o
Abu
Dhabi
o
Sharjah
o
Other
Emirates
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in the UAE Facility Management Market.
Available
Customizations:
UAE Facility
Management Market with the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
UAE Facility
Management Market is an upcoming report to be released soon. If you wish an
early delivery of this report or want to confirm the date of release, please
contact us at [email protected]