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UAE Construction Industry


Private investment in Dubai real state sector has been the primary driver of UAE construction.

Since 2004, Dubai has accounted for about nearly 57 per cent of all construction contracts in the UAE, with 81 per cent of those coming on real estate projects. 
 
 Dubai real estate projects have accounted for over 46 per cent of all construction contracts awarded in the UAE over the past 16 years, and 19 per cent of GCC awards.The construction market crisis in Dubai has been impacted by the COVID-19, which led to the halt of construction work. This, in turn, has led to a reduction in net profits in the sector

The pandemic will certainly be a severe impediment to growth, and could lead to investment priorities for sectors over others, but over the medium to longer-term, government investment will remain focused on upgrading physical infrastructure and reforming the financing and regulatory environment. Infrastructure projects are a key part of the UAE's economic expansion, as not only the Emirate but the GCC region still has huge infrastructure needs as it seeks to build efficient transport and logistics networks as well as reliable supplies of clean energy

The UAE's construction sector declined by an estimated 4.8% in real terms in 2020, due to the COVID-19 outbreak and low global oil demand.The market is segmented by sector: commercial construction, residential construction, industrial construction, infrastructure (transportation) construction, and energy and utility construction

But past trends are not reliable indicators of future performance, and behind the headlines are indicators that suggest that the outlook for the UAE construction is precarious, with Dubaiís real estate market being a particular concern.

 The construction industry plays an important role in the economic uplift and development of the country

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