Press Release (PressBurner) Jan 21, 2011 - NOIDA, UP - According to our research report “UAE Construction Industry Outlook to 2012”, the UAE possesses a booming real estate sector. The UAE has been described as the world’s most buoyant property market. The UAE’s real estate sector expanded by around 4.3% in 2009, despite a downturn in activity following the 2008 global financial distress. Despite the cancellation of 566 projects in the UAE, a total of 806 properties currently under construction are expected to be delivered soon and this will help attain stability in the property sector and hence, will contribute to the growth of construction industry.
Our study has indicated that the estimated value of residential projects in the UAE was more than double in 2010 due to many projects in pipeline after a delay in projects during 2009. Besides residential sector, commercial real estate sector is witnessing number of projects in pipeline. As per our study, the UAE office sector is ahead of rest of the GCC in terms of new office space, accounting for a third of all new commercial construction projects, followed some way behind by Saudi and Qatar.
Besides real estate sector, our report has covered Tourism, Hospitality, and Healthcare sectors. All the segments have been analyzed in detail, and the important players operating in the sector have also been identified along with their detail business description and recent activities.
Further, our study reveals that various factors such as, relaxed regulations, rising investments, economic reforms, etc have been driving the construction industry in the UAE. Several other factors that will propel growth in the industry during the forecast period have also been covered in the report. Besides, our report has evaluated key challenges faced by the industry.
Our report “UAE Construction Industry Outlook to 2012” provides an extensive research and in-depth analysis of the investment opportunities in the industry. In addition, the report provides future outlook of the industry. Our report also presents the industry forecast based on correlation of past drivers and various constraints in the industry. In this way, the report presents an unbiased market picture that will prove decisive for clients.
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