UAE Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027

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Published: August 31, 2023 Report Code: GDCN1197MR-ST

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United Arab Emirates (UAE) Construction Market Report Overview

The United Arab Emirates (UAE) construction market size was valued at $86.7 billion in 2022 and is expected to achieve an AAGR of more than 3% from 2024 to 2027. The industry’s forecast-period growth is supported by investments in the development of transport infrastructure, renewable energy, housing infrastructure, industrial, and tourism projects.

United Arab Emirates (UAE) Construction Market Overview, 2022-2027 ($ Billion)

United Arab Emirates (UAE) Construction Market Overview, 2022-2027 ($ Billion)

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The UAE construction market research report provides detailed market analysis, information, and insights into the UAE construction industry, including the growth prospects of the industry by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the UAE construction industry. The report also provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Market Size (2022) $86.7 billion
AAGR (2024 – 2027)  >3%
Forecast Period 2024-2027
Historical Period 2018-2022
Key Sectors ·       Commercial Construction

·       Industrial Construction

·       Infrastructure Construction

·       Energy and Utilities Construction

·       Institutional Construction

·       Residential Construction
Key Contractors ·       BIC Contracting LLC

·       Investment Corporation of Dubai

·       Acciona SA

·       Ackermans & Van Haaren NV

·       Al Shafar General Contracting LLC

·       National Marine Dredging Co
Key Consultants ·       Parsons Corp

·       SNC-Lavalin Group Inc

·       Arcadis NV

·       WS Atkins Ltd

·       Omnium International Ltd

·       KEO plc
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UAE Construction Market Segmentation by Sectors

The key sectors in the UAE construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. Residential construction accounted for the highest construction output by project type in 2022.

Commercial construction: Forecast-period growth in the commercial construction sector’s output will be supported by investments as part of the “UAE Tourism Strategy 2031”and private investments in retail, office, and logistics and data center.

Industrial construction: Forecast-period growth in the industrial construction sector’s output will be supported by an increase in the issuance of industrial licenses, coupled with an improvement in export activities.

Infrastructure construction: Forecast-period growth in the infrastructure construction sector’s output will be supported by an increase in the budgetary allocation for the infrastructure projects, coupled with the government’s effort to build a sustainable transport system in the coming years.

Energy and utilities construction: The sector’s growth over the forecast period will be supported by the government’s focus on investing in clean and renewable energy projects until 2050.

Institutional construction: Forecast-period growth in the institutional construction sector’s output will be supported by improvement in investments in health and education projects.

Residential construction: Forecast-period growth in the residential construction sector’s output will be supported by an increase in real estate transactions owing to an improvement in the demand for real estate properties coupled with an allocation of AED11.5 billion ($3.1 billion) in March 2023 to allow the families to apply for interest-free housing loans as part of Sheikh Zayed Housing Program.

UAE Construction Market Analysis, by Sectors, 2022 (%)

UAE Construction Market Analysis, by Sectors, 2022 (%)

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UAE Construction Market - Competitive Landscape

Some of the key contractors in the UAE construction market are BIC Contracting LLC, Investment Corporation of Dubai, Acciona SA, Ackermans & Van Haaren NV, Al Shafar General Contracting LLC, and National Marine Dredging Co. BIC Contracting LLC was the lead contractor in the UAE construction market.

UAE Construction Market by Contractors, 2022 (%)

UAE Construction Market by Contractors, 2022 (%)

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Some of the key consultants in the UAE construction market are Parsons Corp, SNC-Lavalin Group Inc, Arcadis NV, WS Atkins Ltd, Omnium International Ltd, and KEO plc. Parsons Corp was the lead consultant in the UAE construction market.

UAE Construction Market by Consultants, 2022 (%)

UAE Construction Market by Consultants, 2022 (%)

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UAE Construction Sectors Outlook (Value, $ Billion, 2018-2027)

  • Commercial Construction
    • Leisure and Hospitality Buildings
    • Office Buildings
    • Outdoor Leisure Facilities
    • Retail Buildings
    • Other Commercial Construction
  • Industrial Construction
    • Chemical and Pharmaceutical Plants
    • Manufacturing Plants
    • Metal and Material Production and Processing plants
    • Waste Processing Plants
  • Infrastructure Construction
    • Rail Infrastructure
    • Road Infrastructure
    • Other Infrastructure Projects
  • Energy and Utilities Construction
    • Electricity and Power
    • Oil and Gas
    • Telecommunications
    • Sewage Infrastructure
    • Water Infrastructure
  • Institutional Construction
    • Educational Buildings
    • Healthcare Buildings
    • Institutional Buildings
    • Research Facilities
    • Religious Buildings
  • Residential Construction
    • Single-Family Housing
    • Multi-Family Housing

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.

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

  • 1 Executive Summary

  • 2 Construction Industry: At-a-Glance

  • 3 Context

    • 3.1 Economic Performance

    • 3.2 Political Environment and Policy

    • 3.3 Demographics

    • 3.4 Risk Profile

  • 4 Construction Outlook

    • 4.1 All Construction

      • 4.1.1 Outlook

      • 4.1.2 Latest news and developments

      • 4.1.3 Construction Projects Momentum Index

    • 4.2 Commercial Construction

      • 4.2.1 Outlook

      • 4.2.2 Project analytics

      • 4.2.3 Latest news and developments

    • 4.3 Industrial Construction

      • 4.3.1 Outlook

      • 4.3.2 Project analytics

      • 4.3.3 Latest news and developments

    • 4.4 Infrastructure Construction

      • 4.4.1 Outlook

      • 4.4.2 Project analytics

      • 4.4.3 Latest news and developments

    • 4.5 Energy and Utilities Construction

      • 4.5.1 Outlook

      • 4.5.2 Project analytics

      • 4.5.3 Latest news and developments

    • 4.6 Institutional Construction

      • 4.6.1 Outlook

      • 4.6.2 Project analytics

      • 4.6.3 Latest news and developments

    • 4.7 Residential Construction

      • 4.7.1 Outlook

      • 4.7.2 Project analytics

      • 4.7.3 Latest news and developments

  • 5 Key Industry Participants

    • 5.1 Contractors

    • 5.2 Consultants

  • 6 Construction Market Data

  • 7 Appendix

    • 7.1 What is this Report About?

    • 7.2 Definitions

    • 7.3 CRI Methodology

  • 8 About GlobalData

  • 9 Contact Us

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