Gurugram, India, December 14, 2022 (GLOBE NEWSWIRE) — Facility Management Market in United Arab Emirates is in the growth phase, driven by increased focus on green initiatives, smart buildings and energy management, rise in commercial real estate leasing. There are several players in the UAE facility management market including Emrill, Transguard, Deyaar, EMAAR, etc.

• mega projectsaimed at improving infrastructure and accommodating the growing population, including expats, is set to act as a key growth engine.
• The technology integration will help facility services become more adaptable as the data currently being collected would have more applicability in the time to come.
• High growth can be seen in the tourism, real estate and construction sectors resulting in more facility management requirements in the Emirates.

Hike in commercial real estate leasing: It is estimated that revenue from the expansion of facility management services to commercial projects will account for the highest share of the overall facility management market in 2026E. The increase in leasing and use of commercial property as companies relocate their offices to the UAE and more companies are formed will result in a greater need for facility services in the Emirates.

Technology landscape in transition: The integration of, among other things, more localized actors into the ecosystem will also help to improve the offer for providers of soft services for the projects. Soft Services revenue will account for the largest share of total facility management market revenue in 2026E. The revenue share of soft services will increase by 10% between 2022 and 2026E as the higher demand for sanitation and cleaning services and technical services within hard services will be met by the technological capabilities.

Increasing sanitary needs: Housekeeping services, which include housekeeping, high-level housekeeping, concierge, pest control, etc., contribute to the majority share of…