Hyderabad, July 20, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled “United Arab Emirates Facility Management Market Report (2023-2028),” the market is estimated at USD 7.14 billion in 2023. It is expected to register a CAGR of 6.68% during the forecast period.
Facility management facilities across Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah, Umm al Quwain, and Ajman have developed, with infrastructure development projects towering across the UAE for economic growth. Likewise, the growing concentration of facility management service providers has further affected the companies' bottom lines. The heavy emphasis on green building practices is expanding the demand for facility management. The country's government is also focusing on smart cities, with plans to digitize up to 1,000 government services and establish 2,000 Wi-Fi hotspots.
Report Summary:
| Report Attribute | Details |
| Market Size (2023) | USD 7.14 billion |
| Market Size (2028) | USD 9.87 billion |
| CAGR (2023-2028) | 6.68% |
| Study Period | 2018-2028 |
| Forecast Units | Value (USD billion) |
| Report Scope | Market Dynamics, Revenue Forecast and Segmentation, Competitive Landscape, and Recent Developments, Market Growth, Future Opportunities, and Trends |
| Key Market Drivers | The growing number of tourist-oriented railways, airports, transit facilities, hotels, etc. |
| Strict rules about safety, cleanliness, and hygiene in the UAE. |
Who are the Top Companies in the United Arab Emirates Facility Management Market?
The UAE facility management market is highly competitive, with various domestic and international companies active in the region. International participants control the market through partnerships with local players.
The significant players holding the UAE facility management market are:
- EFS Facilities Services Group
- Imdaad LLC
- Enova Facilities Management Services LLC
- Emrill Services LLC
- Deyaar Facility Management LLC (Deyaar Development PJSC)
- Serveu Facilities Management
- Marafeq Facilities Management LLC
- Etisalat Facilities Management LLC
- Farnek Services LLC
- Engie Cofely Energy Services LLC (ENGIE SA)
Other Reports That Might Be of Your Interest:
- Italy Facility Management Market Report - The Italian facility management market was valued at USD 40.87 billion in the previous year. It is expected to register a CAGR of 2.14%, reaching USD 46.66 billion by the next five years.
- India Facility Management Market in Big Data Analytics in the Banking Market Report - The India facility management market in big data analytics in the banking market is estimated to be worth around USD 127.92 billion, and it is expected to reach USD 1,527.60 billion over the forecast period, at a CAGR of 7.37%.
Key Highlights from the United Arab Emirates Facility Management Market Report:
Commercial End-User is Expected to Hold Major Market Share
- Dubai accounts for most of the country’s development projects undertaken in the commercial sector. The Dubai Expo 2020 had USD 7.0 billion in investments from the Dubai government across a range of infrastructure and related commercial projects, which also expanded the demand for facility management services in the retail sector.
- Furthermore, the commercial sector covers office buildings occupied by business services, such as corporate offices of manufacturers, IT and telecommunication, finance and insurance, property, and other service providers. The increase in the IT sector throughout the UAE is estimated to allow more expansion of commercial and facility management services.
Dubai to Account for Major Market Growth
- Dubai Expo 2020, conducted in 2022, required considerable investments from the Dubai government across a range of infrastructure and related commercial projects, further increasing the requirement for facility management services in the commercial sector. Likewise, the expansion of e-commerce has led to the construction of new warehouses and logistics centers, steering the demand for FM services.
- The development of the Dubai region is primarily due to increased investments from the government and is projected to positively influence the demand for facility management. Additionally, improvement in tourism activities in this region post-pandemic is believed to contribute to the growth of the hotel industry, thus, creating sufficient demand for facility management services.
What are the Latest Developments in the United Arab Emirates Facility Management Market?
- In April 2022, Etihad Rail and Dubai Industrial City confirmed hosting an advanced freight terminal spread across 5.5 million sq ft. The rail freight terminal aims to complement Dubai and the UAE’s advanced infrastructure and state-of-the-art transport network, solidifying the nation’s position as a gateway to North Africa, the Middle East, and South Asia.
- In March 2022, JLL secured a facilities management contract with Edgnex. Edgnex turned to JLL for facility management services, pursuing the initial phase of its strategy to deliver data center facilities across unique and diverse markets locally and worlwide, as well as other facility management services later.
Mordor Intelligence has Segmented the United Arab Emirates Facility Management Market Based on Services, Type, End-user, and Cities:
- By Services
- Hard Services
- Soft Services
- By Type
- Inhouse
- Outsourced
- Single
- Bundled
- Integrated FM
- By End-user
- Commercial and Retail
- Manufacturing and Industrial
- Government, Infrastructure, and Public Entities
- Institutional
- Other End-users
- By Cities
- Abu Dhabi
- Dubai
- Rest of United Arab Emirates
In a nutshell, the Mordor Intelligence market research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the United Arab Emirates Facility Management Market Report (2023-2028).
Mordor Intelligence constantly tracks industry trends. Some relevant market reports from the analysts that might be of interest to you:
- Saudi Arabia Facility Management Market Report - The Saudi Arabian facility management market size is expected to grow from USD 8.31 billion in 2023 to USD 13.48 bllion by 2028 at a CAGR of 10.15% during the forecast period (2023-2028).
- Middle East & Africa Soft Facility Management Market Report – The Middle East & Africa Soft Facility Management Market is estimated to register a CAGR of 7.7% over the next five years.
- Chile Facility Management Market Report - The Chile facility management market size is estimated at USD 1.41 billion in 2023 and is expected to reach USD 1.74 billion by 2028 at a CAGR of 4.30% during the forecast period (2023-2028).
About Mordor Intelligence:
Mordor Intelligence is a market intelligence and advisory firm. At Mordor Intelligence, we believe in predicting butterfly effects that have the potential to change or significantly impact market dynamics.
Our market research reports are comprehensive and provide exclusive data, facts and figures, trends, and the industry’s competitive landscape.
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