United Arab Emirates (UAE) Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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UAE Construction Market Report Overview
The UAE construction market size was $94 billion in 2023. The market will achieve an AAGR of more than 3% during 2025-2028. The growth is attributed to the increase in investments in transport and renewable energy infrastructure, with improvements in the electric vehicle market.
UAE Construction Market Outlook, 2023-2028 ($ Billion)
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The UAE construction market research report offers a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence UAE’s construction market growth in the coming years.
Market Size (2023) | $94billion |
AAGR (2025-2028) | >3% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2023 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · Arabtec Holding
· Wade Adams · China State Construction Engineering Corp Ltd · Al Shafar General Contracting LLC · Binaa Dubai, LLC |
Key Consultants | · SNC-Lavalin Group Inc
· Khatib & Alami Holding · National Engineering Bureau · Dar Al-Handasah Consultants Shair and Partners Holdings Ltd · KEO plc |
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UAE Construction Market Segmentation by Sectors
Residential construction accounted for the highest share of the UAE construction market in 2023
The key sectors in the UAE construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. In 2023, the residential construction sector accounted for the highest market share, followed by the infrastructure construction sector.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The government’s investment in developing transport infrastructure during the forecast period will support the sector’s growth.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The residential construction industry will recover over the forecast period owing to public and private sector investments in the housing sector.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. Therefore, the government schemes to invest in clean and renewable energy projects until 2050 will drive the sector growth in the coming years.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The increase in investments in the tourism and retail sector will drive the commercial sector’s growth over the forecast period.
Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. The improvement in public and private sector investments in the manufacturing and industrial sectors will drive the sector’s growth during the forecast period.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Factors such as investments in healthcare projects as well as education and research projects will fuel the growth of this sector in the coming years.
UAE Construction Market Analysis by Sectors, 2023 (%)
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UAE Construction Market - Competitive Landscape
Arabtec Holding emerged as the leading contractor and SNC-Lavalin Group Inc as the leading consultant in the UAE construction market in 2023
A few of the leading contractors in the UAE construction market are:
- Arabtec Holding
- Wade Adams
- China State Construction Engineering Corp Ltd
- Al Shafar General Contracting LLC
- Binaa Dubai, LLC
Domestic contractors account for a higher share of the project pipeline in the UAE construction market. Firms based in UK are the ruling foreign contractor.
UAE Construction Market Analysis by Contractors, 2023 (%)
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A few of the leading consultants in the UAE construction market are:
- SNC-Lavalin Group Inc
- Khatib & Alami Holding
- National Engineering Bureau
- Dar Al-Handasah Consultants Shair and Partners Holdings Ltd
- KEO plc
Consultants with a headquarters outside of the UAE are involved in the overall project pipeline by value.
UAE Construction Market Analysis by Consultants, 2023 (%)
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UAE Construction Market - Latest Developments
- On January 2024, Aldar Properties announced plans to invest AED1 billion to develop its UAE logistics real estate business across Abu Dhabi and Dubai .
- Azizi Developments, a UAE-based construction company, commenced the construction of Burj Azizi tower at Sheikh Zayed Road in Dubai in January 2024. The AED5 billion project involves the construction of a seven-star hotel, a vertical mall, an observation deck and other related facilities. It is expected to be completed by the end of 2028.
Segments Covered in the Report
UAE Construction Sectors Outlook (Value, $ Billion, 2019-2028)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
Scope
This report provides:
- A comprehensive analysis of the construction industry in UAE.
- Historical and forecast valuations of the construction industry in UAE, featuring details of key growth drivers.
- Segmentation by sector and by sub-sector.
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants.
Reasons to Buy
- Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData’s critical and actionable insight.
- Assess business risks, including cost, regulatory, and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
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Figures
Frequently asked questions
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What was the UAE construction market size in 2023?
The construction market size in UAE was $94 billion in 2023.
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What will the UAE construction market growth rate be during the forecast period?
The construction market in UAE is projected to achieve an AAGR of more than 3% during 2025-2028.
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Which was the leading sector in the UAE construction market in 2023?
Residential construction accounted for the highest share of the UAE construction market in 2023.
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Which are the leading contractors in the UAE construction market?
The leading contractors in the UAE construction market are Arabtec Holding, Wade Adams, China State Construction Engineering Corp Ltd, Al Shafar General Contracting LLC, and Binaa Dubai, LLC among others.
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Which are the leading consultants in the UAE construction market?
The leading consultants in the UAE construction market are SNC-Lavalin Group Inc, Khatib & Alami Holding, National Engineering Bureau, Dar Al-Handasah Consultants Shair and Partners Holdings Ltd and KEO plc among others.
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