Factors such as the increasing tourism sector, rising investments in the construction industry, and surging use of advanced technologies including robotics, artificial intelligence, and infrared/thermal scanning are expected to drive the growth of the U.A.E. facility management market at a CAGR of 10.8% during 2021–2030. According to P&S Intelligence, the market size is projected to reach $39,680.8 million by 2030 from $14,360.2 million in 2020. Moreover, the market is witnessing the trends of rising use of AI for heating, ventilation, and air conditioning optimization; service outsourcing; and energy monitoring.
The increasing investments in the construction sector is one of the main factors boosting the U.A.E. facility management market growth. The construction sector is projected to record strong growth during the forecast period, with various projects are in the tender/bidding phase. For instance, around 4,000 projects are underway in Dubai, and this trend is likely the same in the coming years. Some of the current mega projects in Dubai include the Dubai Metro Red Line extension and Royal Atlantis Resort and Residences (Palm Jumeirah). Such projects are projected to create a high need for facility management services.
Key players operating in the U.A.E. facility management market, such as Etisalat Facilities Management LLC, Imdaad LLC, Transguard Group LLC, Blue Diamond Facilities Management LLC, Emrill Services LLC, Reliance Facilities Management, Deyaar Development PJSC, AG Facilities Solution LLC., Al Shirawi Facilities Management LLC, Adeeb Electrical & Electronic Services Co. LLC, EFS Facilities Services Group Limited, Tafawuq Facility Management LLC., and Ejadah Asset Management Group LL, have been strongly focusing on bagging large-scale client projects, in order to enhance their market share and stay ahead of their competitors.
Thus, the increasing tourism sector and the rising investments in the construction industry are projected to propel the demand for facility management services in the U.A.E. in the coming years.