U.A.E Facility Management Market Analysis, Size, Trends and Future Scope- P&S Intelligence
The direct contribution of the travel and tourism sector to the gross domestic product (GDP) of the U.A.E in 2016 was $18.7 billion, which was 5.2% of the total GDP, according to the online government portal. From 2017 to 2027, the contribution of this sector to the country’s GDP is expected to increase by 5.1% per annum to $31.6 billion. This remarkable growth in the tourism industry is playing a major role in the growing adoption of facility management services. The U.A.E. has major tourist destinations including Abu Dhabi, Sharjah, and Dubai. Owing to the large number of attractions located in Dubai, the city receives the highest number of tourists in the country. Keeping in mind the huge tourist inflow, many construction projects are in the pipeline, such as the $1.7 billion mega tourist resort Marsa Al Arab, a Formula One Theme Park in Dubai’s Motor City, the new IMG Worlds of Legends Theme Park, and Six Flags at Dubai Parks and Resorts, which are already giving a boost to facility management services.
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On the basis of service, the U.A.E. facility management market is categorized into property, cleaning, security, catering, support, environment management, and other services. Of these, property management was the largest service area in the U.A.E. during the historical period, accounting for more than 25.0% market share in 2018.
Property services offer several benefits, such as synchronization of various property-related services, optimization of individual service components, and improvement in the management of properties. Owing to such benefits, the demand for property services is growing in the country, which, in turn, is driving the growth of the U.A.E. facility management market.
As the country is set to host the Dubai Expo 2020, it is expected to witness an increase in the volume of tourists that year. The U.A.E. is synonymous with luxury travel, where the focus of the tourism department is on providing travelers with a lifetime experience by offering them world-class facilities and treatment. Therefore, major tourist-centric projects, such as Dubai Water Canal, Bluewaters Island, Dubai Theme Parks, and Dubai Creek Harbor, are underway for the sea of tourists that the country is set to receive in 2020. These projects are expected to be completed before the beginning of the expo. To maintain such high-end and expansive projects, facility management services would be required, thereby providing remarkable growth prospects for the U.A.E facility management market.
Some of the major players operating in the U.A.E. facility management market are Emrill Services LLC, Imdaad LLC, Farnek Services LLC, Cofely Besix Facility Management, Al Shirawi Facilities Management LLC, Etisalat Facilities Management LLC, Transguard Group LLC, Blue Diamond Facilities Management LLC, Reliance Facilities Management, and Deyaar Development PJSC.
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U.A.E. FACILITY MANAGEMENT MARKET SEGMENTATION
Market Segmentation by Service
- HVAC maintenance
- Mechanical and electrical maintenance
- Environmental Management
Market Segmentation by End User
Market Segmentation by Mode
Market Segmentation by Type