Construction Industry in UAE

The commercial real estate of UAE is broadly classified into leisure, industrial, retail, office, healthcare and residential apartments. Construction industry of UAE holds an amazing objective of creating and expanding the commercial property leading towards stupendous growth at a global level. The oil-rich nation has already set a benchmark through their massive constructed buildings like Burj Khalifa, Burj Al Arab, Jumeirah, Princess Tower, 23 Marina, Emirates Office Tower and many more to count. These buildings showcase the power, wealth as well as an extreme level of civil engineering. Oil exports have played a pivotal role in the rapid economic growth of UAE. This shifted the focus on other industries which led to boost in construction sector. The rise in domestic GDP led to the rise in demand of commercial real estate and residential real estate as well. UAE also experienced huge improvement in hospitality and tourism because of the construction of luxury hotels. It has become a fashionable tourist destination with higher standards of hospitality services. UAE construction sector is progressing at a faster pace fuelled by enormous investments in infrastructure and major upcoming projects. The heart of UAE, Dubai has its own construction projects that has provided huge scope in the construction sector. Other cities like Abu Dhabi, Umm al-Quwain, Ras al-Khaimah, Ajman, Sharjah, Fujairah are also developing their infrastructure in higher standards. The upcoming World Auto Expo 2020 will be hosted by Dubai and the city has already begun to fulfil its planned infrastructural goals. Al Maktoum Airport and Jebel Ali Airport are one of those major upcoming projects bringing lots of opportunities in the construction sector.
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Construction

United Arab Emirates

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