Market Research Report
United Arab Emirates Real Estate Services Market - Growth, Trends, and Forecast (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||925421|
|Published||Content info||120 Pages
Delivery time: 2-3 business days
|United Arab Emirates Real Estate Services Market - Growth, Trends, and Forecast (2020 - 2025)|
|Published: February 1, 2020||Content info: 120 Pages||
Increase in facility management services in UAE:
Current trends have shown that some of the key priorities in the sector point to competitiveness as necessary for companies to remain profitable with a focus on being proactive in creating strategic partnerships, value creation, and leveraging the use of new technologies. Blockchain, for instance, offers a cutting-edge technology that enables real-time visibility, security in contracts and accountability. Meanwhile, artificial intelligence presents an opportunity to optimize complex processes and segregate tasks between humans and machines, as well as establish predictive models that chart possible solutions. Energy management is another aspect that provides the wide potential for the facility management sector to expand its services considering the increasing prices of utility and the growing awareness to address the environmental impact of conventional energy resources. In addition, smart facilities deliver new efficient ways to manage buildings with advanced connectivity.
Increase in Infrastructure activity in UAE:
The growing real estate and infrastructure investment in the country are significantly increasing the number of luxurious or premium facilities in the region. Mega development projects in these economies and rising government spending to develop better and smart infrastructure further creates huge opportunities for the real estate services market players to grow their businesses in the region. Compared with Dubai, Abu Dhabi has well-organized development projects, all of which offer the long-term potential for real estate services. The government has announced the Higher Planning Committee for real estate whose main target is to control this demand between demand and supply, So, both the private and public sectors are coming together to control the market, which is quite essential. Real estate accounts for about 15% to 20% of Dubai's gross domestic product (GDP).
The report covers the major players operating in the United Arab Emirates Real Estate Services Market. The market is fragmented, Dubai Expo 2020 is ahead, Infrastructure activity is increasing in the region and adoption of technology and many other factors drives the market and expected to grow in the forecast period.