UAE Commercial Construction Sector Boom: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit UAE witnessed stupendous growth in commercial construction industry which has led to construction boom in UAE. Unparalleled growth in construction and development has been reported in all sorts of commercial real estate including retail, office, industrial, healthcare, leisure, multifamily housing buildings, etc. Further, construction industry will keep on expanding between period(2015-20) because of influx of both domestic and foreign investment in commercial construction projects. Overview of UAE’s Commercial Construction Industry UAE has registered an amazing business vision towards creation and expansion of commercial property. Though building construction industry was worst hit by global economic recession of 2007 causing stagnancy, slowdowns, closure and delaying of projects but commercial construction recovered beautifully after 2010 when the effects of crises lost their momentum. Further, highest construction project value was recorded in UAE in 2011 reaching value of USD 319.1 billion, marking revival of both commercial and residential real estate industry. Modest growth in commercial construction sector was reported in periods after 2011 because of no constraints on construction creativity and high investments in commercial construction sector which led to the creation of modern marvels like ‘BurjKhalifa’ (tallest building of the world) and ‘the palm deira’ (largest man- made islands in the world) in Emirates. UAE became an unbeatable leader of construction industry in the world. However, an early sign of trouble is witnessed lately due to falling oil prices which may be a threat to construction industry of United Arab Emirates. Key Driving Factors in UAE Commercial Construction Industry A large number of factors led to a boom in commercial construction industry of UAE. One such factor is investment both domestic and in form of FDI. Huge investment in development of infrastructure has been undertaken since nation is hosting world expo in 2020. Thus, huge infrastructural and commercial construction projects with massive expenditure have been undertaken in UAE in order to make 2020 world expo project successful. Many such multi-billion project include bluewaters island, Dubai theme parks, Aladdin city, museum of the future, etc. Further, UAE is second most prosperous Arab nation after Saudi Arabia. Both oil ad non-oil sectors are contributing to continuous rise in Gross Domestic Product of UAE and this has led to sky rocketing of demand for commercial and non-commercial real estate in UAE. With sharp rise in GDP, significantincrease in demand for commercial real estate like leisure and hospitality buildings, retail buildings, offices, healthcare buildings (like medical centers) etc. have been observed. This has led to breakthrough in commercial construction as well as residential construction industry of UAE. Many eminent commercial and residential projects include Dubai logistics city- office park, Burlington tower, Central Market Towers- Trust Tower, Al Falah, The Pentominium Tower, etc. Further, UAE is hub of tourism and is a fashionable destination for business and leisure. This has led to creation of several lavish real estate which is contributing to growth of commercial construction industry in UAE. In 2013, construction of blue water began in Dubai with worth of USD 1.6 Billion by Meeras to fulfill ever increasing demand of luxury hospitality and leisure destinations. Some of the key factors that have led to the growth of commercial construction industry in UAE are: – Rise in both domestic and foreign investment in commercial real estate. – World Expo 2020 – Rise in GDP leading to rise in demand for commercial real estate. – Tourism and business demand for extravagant real estate. Future of Commercial Real Estate Industry Falling oil prices is continuous threat to economic health of Arab nations. Though UAE has reaped benefit from its safe haven status even during the period of falling prices but if proper steps are not taken to curb this problem it might lead to high volatility in financial markets, fiscal deficit, external deficit and economic instability. However, many believe growth in UAE will remain healthy and stable and is expected to grow at 6.6% pa even though oil prices are falling. Rise in government investment in commercial real estate and infrastructure would prevent very catastrophic effect on commercial real estate sector. However, falling private investment are only cause of concern. 2020 world expo is also expected to stimulate growth in Emirates via influx of investment. To know more on “Commercial Construction in the UAE to 2019: Market Forecast” click on following link: https://www.kenresearch.com/manufacturing-and-construction/infrastructure/commercial/29569-97.html Related links: Commercial Construction in India to 2019: Market Forecast Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: Commercial construction industry in UAE, Commercial Construction Market Size UAE, Demolition Output Forecast, Leisure and Hospitality Buildings Construction Output, New Construction Output, New Construction Output by Cost Type, Office Buildings Construction Output, Outdoor Leisure Facilities Construction Output, Retail Buildings Construction Output, UAE Commercial Construction, UAE Commercial construction Industry Research Report, UAE Commercial Construction Market analysis, UAE Commercial Construction Market Future, UAE Commercial Construction Market Future Outlook, UAE Commercial Construction Market growth, UAE Commercial Construction Market share, UAE Commercial Construction Market size, UAE Commercial Construction Market trends, UAE Commercial Construction Output Market Value, UAE Construction Industry Trends, UAE Leisure and Hospitality Buildings Construction