UAE Construction Market Intelligence Q1 2023
Price stabilization, evolving trends, and the UAE’s resolute development goals infuse a wave of optimism within the construction sector
- Louise Collins
- Albinas Kontrimas
- Steven Blandford MRICS
- Tom Goode MRICS
- James Esau MRICS
- Laura Morgan MRICS
Supported by the UAE’s strong development agenda, Projects of the 50 initiative, as well as the subsequent focus on industrial, transportation, and energy infrastructure aiming to attract nearly $150 billion in foreign direct investment by 2030, the country’s construction sector is expected to thrive at an encouraging pace. Global Data indicates that the sector's growth output is slated to increase by over 3.0% year-on-year.
In this report our experts gathered market intelligence data from market sources including UAE based contractors to evaluate current construction prospects, risks and factors impacting costs within the construction sector.