The UAE's facilities management sector is poised to record growth as the activities in the construction sector rebounds with expansion in non-oil sectors of the economy. More and more technology companies are now offering solutions to developers based on artificial intelligence, IoT and so on. TechSci Research opines that the facilities management industry in the UAE is expected to grow at CAGR of 8.51 per cent between 2016-2021 driven by projects like Abu Dhabi's Vision 2030, and Dubai Urban Development Master Plan 2020.

Due to the hosting of World Expo in 2020 in Dubai, an amount of $8.174 billion is estimated to be spent on infrastructure in the city. With six mega projects in the UAE namely Emirates roads master plan, Etihad railway network, Dubai Airport expansion, Abu Dhabi Airport expansion, Abu Dhabi Metro (to be completed by 2020), Dubai Metro (to be completed by 2030) all together costing about $55.11 billion, the Facility management market is going to measure a robust growth.

The Facility Management Market in the UAE is anticipated to grow at a steady rate during 2016-2021, on account of huge infrastructure spending in the country ranging from residential to the industrial sector. In the UAE, a bill to reduce new large building energy consumption by up to 30 per cent by 2030, has provided a new scope for the facility managers and real estate companies to design, build and maintain buildings in a sustainable way.

The rapid real estate and urban infrastructure development in terms of airports, roadways, ports and railways have resulted in increased demand for the facility management industry. The focus of the government to diversify its economy other than the oil sector has boosted the growth of the facility management market.

Apart from upcoming new buildings and infrastructure facilities, the maintenance of old buildings and facilities has provided an opportunity for the facility management industry. Due to high standard regulations laid down by Middle East Facilities Management Association (MEFMA) and the Real Estate Regulatory Agency (RERA), there has been stiff competition between the different facility management companies to lead in the market keeping in the view the best quality, practices and standards.

The latest research by P&S Market Research indicates that on the basis of service, the UAE facility management market is segmented into property services, cleaning services, security services, catering services, support services, environment management, and other services. Other services include reception staffing, utility management, furniture supplies, and contract management.

 

 

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