- The UAE Real Estate Services market is estimated to grow at a CAGR of approximately 5% during the forecast period.

  • In 2018 UAE Facility management market value was at USD 5.4 Billion, The facility Management sector is currently one of healthiest sectors in the UAE market due to the increased demand on services with the delivery of mega projects, the approach of Expo 2020 and the inauguration of new destinations in the UAE. Emirate’s real estate sector has generated an investment value of more than USD 15.2 billion in 2019. Technology such as Artificial Intelligence remains to be a key ingredient in the UAE quest to keep up with the international changes. The UAE government announced several initiatives, with the aim of driving economic diversification and stimulating weakened market demand.
  • Government’s new initiative in Dubai for permanent residency called ’Golden Card’, which aims to provide permanent residency for investors and exceptional workers in the fields of health, engineering, science, and art. The new laws that were introduced the year before. The new 10-year residency visa in the UAE could give eligible residents a stronger feeling of permanence in the country and increase property investments. The five-year retirement visa with the condition of owning a property here could also see more residents viewing the UAE as a long-term option.
  • Dubai Land Department launched the Real Estate Self-Transaction (REST) platform, part of the Dubai 10x initiative. This platform would allow the digital management of all property-related transactions, as well as access to other services. RERA (Real Estate Regulatory Agency) has also launched Taqyimee, a smartphone application for real estate valuation services. It will connect real estate owners and investors to valuators, reducing the time and cost involved in the process. These digital platforms will increase transparency in the Dubai property market and make it more investor friendly and improve access to real estate services.



Key Market Trends

Increase in facility management services in UAE:

Current trends have shown that some of the key priorities in the sector point to competitiveness as necessary for companies to remain profitable with a focus on being proactive in creating strategic partnerships, value creation, and leveraging the use of new technologies. Blockchain, for instance, offers a cutting-edge technology that enables real-time visibility, security in contracts and accountability. Meanwhile, artificial intelligence presents an opportunity to optimize complex processes and segregate tasks between humans and machines, as well as establish predictive models that chart possible solutions. Energy management is another aspect that provides the wide potential for the facility management sector to expand its services considering the increasing prices of utility and the growing awareness to address the environmental impact of conventional energy resources. In addition, smart facilities deliver new efficient ways to manage buildings with advanced connectivity.

Increase in Infrastructure activity in UAE:

The growing real estate and infrastructure investment in the country are significantly increasing the number of luxurious or premium facilities in the region. Mega development projects in these economies and rising government spending to develop better and smart infrastructure further creates huge opportunities for the real estate services market players to grow their businesses in the region. Compared with Dubai, Abu Dhabi has well-organized development projects, all of which offer the long-term potential for real estate services. The government has announced the Higher Planning Committee for real estate whose main target is to control this demand between demand and supply, So, both the private and public sectors are coming together to control the market, which is quite essential. Real estate accounts for about 15% to 20% of Dubai’s gross domestic product (GDP).

Competitive Landscape

The report covers the major players operating in the United Arab Emirates Real Estate Services Market. The market is fragmented, Dubai Expo 2020 is ahead, Infrastructure activity is increasing in the region and adoption of technology and many other factors drives the market and expected to grow in the forecast period.

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