The U.A.E. facility management market size is expected to advance at a CAGR of 9.8% during 2021–2030, to reach $36,575 million by 2030. This is ascribed to the shift from the traditional practices to artificial intelligence-based approaches to physical asset management in different industries.
The industry is expected to witness gradual growth in the short term, with a much-robust growth toward the latter half of the forecast period. The rapid investments in construction activities and usage of IoT chips in smart sensors and safety systems will provide IT vendors opportunities in the near future to use analytics and artificial intelligence in facility management planning and execution.
The increasing development of smart homes and smart lighting also boosts the facility management demand, as does the increasing awareness about hygiene and cleanliness.
Dubai holds the major share in the facility management market as it is home to most of the construction projects in the country. In 2022 Q2, the real estate sales volume increased by 45.9% as compared to the same period in 2021. This has been increasing the demand for soft services, such as cleaning, security, and support.
Furthermore, at the Facility Management Expo 2022, which will be held at the Dubai World Trade Centre in December, both local and international players will showcase their latest facility management solutions that are focused on digitization and innovation. It will be a dedicated trade exhibition and expo related to the maintenance and management of the environment and buildings. It will inform users of the new regulations and showcase innovative and advanced solutions to achieve FM efficiency, which may further lead to lower operating costs for asset managers. Moreover, the education being imparted to employees about these technologies by both the players and end-user entities contributes to the growth of the facility management market in the U.A.E.
The increasing application of technologically advanced facility management solutions is expected to help the market grow. Other key factors for the industry advance over the forecast period would be the rising investments by players and availability of specialized inhouse service providers.
Various players operating in the facility management market of the country are focusing on the adoption of novel and advanced technologies to offer a higher value and satisfaction to clients. The rising demand for smart solutions and more-effective services by companies across industries has led to the development of advanced services overtime.
Intelligent, energy-saving solutions, smart security & surveillance systems, robotics, and smart building management systems are some of the modern technologies that are revolutionizing this niche. Such advancements have enhanced the level of service, thus enabling customization as per the demand of end users.
The most-significant U.A.E. facility management market players are Imdaad LLC, Emril Services LLC, EFS Facilities Services Group Limited, Serveu LLC, Farnek Services LLC, AG Facilities Solution LLC, Ejadah Asset Management Group LLC, Tafawuq Facility Management LLC, AG Facilities Solution LLC, and Al Shirawi Facilities Management LLC.