The U.A.E facility management market is driven by factors such as the expanding investment in the construction sector, and enlargement of the tourism industry.
The mounting need for outsourced facility management services, expanding disposable income, mounting tourism industry, rapid urbanization, growing connectivity technology and need of connected facilities, and mounting development of cloud-based solutions in the country is further fueling the growth of the U.A.E. facility management market.
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The U.A.E. government is functioning intensely to improve and construct some main attractions in the country. Some of the major projects are Bluewaters Island, Dubai Theme Parks, Dubai Creek Harbor, Dubai Water Canal, and others. The majority of these attractions are expected to be completed before 2020 when the country will present Dubai Expo. Thus, these upcoming mega projects and events are creating a demand for these services.
Among all services, the property segment holds the largest share in the U.A.E. facility management market due to its advantages such as minimal maintenance and repair price, reduced occupant turnover, support with taxes, rent collection, and small vacancy cycles. The catering segment is witnessing the highest growth in the market, owing to the mounting tourism and hospitality industry. The property segment is further subdivided into heating, ventilation, and air conditioning (HVAC) maintenance, mechanical and electrical maintenance, and others.
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The different type of facility management market is hard, soft and others. The hard category accounted for the largest share in the U.A.E. facility management market due to the high cost. Moreover, the hard category requires expert knowledge and technical assistance.
Key players in the facility management industry are investing in the development of advanced, which is strengthening their position in the market. Emrill Services LLC, Etisalat Facilities Management LLC, Deyaar Development PJSC, Imdaad LLC, Transguard Group LLC, Cofely Besix Facility Management, EFS Facilities Management Services, Enova Facility Management Services LLC, Reliance Facilities Management, Al Shirawi Facilities Management LLC, Farnek Services LLC, and Blue Diamond Facilities Management LLC are some of the key players offering facility management in U.A.E.
Source: VynZ Research