United Arab Emirates (UAE) Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
United Arab Emirates (UAE) Construction Market Report Overview
The United Arab Emirates (UAE) construction market size was $98.3 billion in 2023. The market will achieve an AAGR of more than during 2025-2028. Over the forecast period, the market growth can be attributed to the investments in transport, housing, and renewable energy projects.
UAE Construction Market Outlook, 2023-2028 ($ Billion)
Buy the Full Report to Know More about the UAE Construction Market Forecast
The UAE construction market research report gives a comprehensive understanding of project types and construction activities in the country. The report analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. Furthermore, 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 the UAE construction market growth in the coming years.
Market Size (2023) | $98.3 billion |
AAGR (2025-2028) | >3% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · China State Construction Engineering Corp Ltd
· Wade Adams · Al Shafar General Contracting LLC · Al Hamad Group of Companies · Investment Corporation of Dubai |
Key Consultants | · AtkinsRealis (SNC-Lavalin Group Inc)
· Dar Al-Handasah Consultants Shair and Partners Holdings Ltd · Khatib & Alami Holding · National Engineering Bureau · AECOM |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
UAE Construction Market Segmentation by Sectors
The residential construction sector accounted for the highest market share in 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.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. Over the forecasted period, the recovery in tourism activities, coupled with improved investments in the hospitality sector support the commercial sector’s output.
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. Growth during the forecast period can be attributed to investment in manufacturing facilities, coupled with the government’s aim of increasing the share of electric and hybrid vehicles in the country.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Over the forecast period, the investments in road and rail infrastructure projects will support the sector’s growth.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. Investments in renewable energy and water infrastructure projects will support 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. The sector’s growth during the forecast period can be attributed to investment in healthcare and educational buildings.
Residential construction: The project types in this sector include single-family housing and multi-family housing. Over the forecast period, the sector’s growth can be attributed to private investments in the residential housing sector, along with the government’s initiatives to meet the rising housing demand in the country.
UAE Construction Market Analysis by Sectors, 2023 (%)
Buy the Full Report for more Sector Insights into the UAE Construction Market
UAE Construction Market - Competitive Landscape
China State Construction Engineering Corp Ltd emerged as the leading contractor and AtkinsRealis (SNC-Lavalin Group Inc) was the leading consultant in the UAE construction market in 2023
A few of the leading contractors in the UAE construction market are:
- China State Construction Engineering Corp Ltd
- Wade Adams
- Al Shafar General Contracting LLC
- Al Hamad Group of Companies
- Investment Corporation of Dubai
Domestic contractors account for a majority of the project pipeline in the UAE construction market.
UAE Construction Market Analysis by Contractors, 2023 (%)
Buy the Full Report to Know More about the Contractors in the UAE Construction Market
A few of the leading consultants in the UAE construction market are:
- AtkinsRealis (SNC-Lavalin Group Inc)
- Dar Al-Handasah Consultants Shair and Partners Holdings Ltd
- Khatib & Alami Holding
- National Engineering Bureau
- AECOM
Consultants with headquarters outside of the UAE are involved in most of the project pipeline by value.
UAE Construction Market Analysis by Consultants, 2023 (%)
Buy the Full Report to Know More about Consultants in the UAE Construction Market
UAE Construction Market - Latest Developments
- Among the largest commercial projects that have been underway for several years is the Palm Jumeirah project. It involves the construction of Palm Jumeirah Island, comprising the construction of hotels, a resort, a spa, and other associated facilities.
- Another significant project in the pipeline is the Ruwais Green Hydrogen Plant project. It involves the construction of storage units, a processing unit, power generators, and other facilities.
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 the UAE. It provides:
- Historical and forecast valuations of the construction industry in the UAE, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) 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
Table
Figures
Frequently asked questions
-
What was the construction market size in the UAE in 2023?
The construction market size in the UAE was $98.3 billion in 2023.
-
What will the UAE construction market growth rate be during the forecast period?
The construction market in the UAE is projected to achieve an AAGR of more than 3% during 2025-2028.
-
Which sector accounted for the highest share of the UAE construction market in 2023?
The residential construction sector accounted for the highest market share in the UAE construction market in 2023.
-
Which are the leading contractors in the UAE construction market?
A few of the leading contractors in the UAE construction market are China State Construction Engineering Corp Ltd, Wade Adams, Al Shafar General Contracting LLC, Al Hamad Group of Companies, and Investment Corporation of Dubai.
-
Which are the leading consultants in the UAE construction market?
A few of the leading consultants in the UAE construction market are AtkinsRealis (SNC-Lavalin Group Inc), Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Khatib & Alami Holding, National Engineering Bureau, and AECOM.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.