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The Facilities Management market in the United Arab Emirates is in the growth phase with technology integration driving it forward: Ken Research

11-24-2022 11:02 AM CET | Industry, Real Estate & Construction

Press release from: Ken Research

The Facilities Management market in the United Arab Emirates

Cloud based system: The Facilities Management Companies offers advanced cloud-based solutions with everything being recorded. These are software like Computer Aided Facilities Management (CAFM) which are especially useful in commercial spaces. It provides detailed information about the available space and information on how it can be utilized more efficiently. It also gives information about areas within the facility that are underutilized. This way you can plan a better layout for space utilization within the facility and being cloud-based, it is accessible from anywhere.

Government assistance: The Emirate government have made a number of services mandatory to be used by the buildings across the country. Security for Residential and Commercial is a mandate and would increase the revenues for Facilities Management companies being employed for the same. The Abu Dhabi Urban Planning Council issued the Abu Dhabi Safety and Security Planning Manual (SSPM) to develop safe, secure and sustainable communities by ensuring that safety and security aspects are included in the development proposals.

Low Margins and High Setup costs: The number of players in the UAE Facilities Management market is consistently growing, and each player is focused on undercutting the cost which has led to very low margins. The setup costs for Facilities Management companies in the United Arab Emirates involve the cost for bringing in labor and visa costs, investment in technology and expertise which is very high for newly established firms. The survival for firms in the Facilities Management market is based majorly on the economies of scale, and if they have the connections to curb the costs and bag bigger projects.

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Agreement and Contracts: Facilities management in the organization must also regulate the documents i.e. agreements, contracts & SOPs and make sure those are precise, standardize by addressing all the legal matters. A Breach of contract is legal & financial risk to the business and the agreement must be terminated if a contractor fails to maintain company assets as per Service Level Agreements (SLAs) defined in the contract and fail to comply the local Government legal, Trade/commerce or labour laws.

Analysts at Ken Research in their latest publication "United Arab Emirates Facilities Management Market Outlook to 2026F- Growing market driven by rapid real estate expansion and tourism infrastructure development by Ken Research observed that UAE facilities market is an emergent market in UAE at a rebounding stage from the economic crisis after pandemic. The high growth in the tourism, real estate and construction industry bringing about more requirement for Facilities Management across the emirates, is expected to contribute to the market growth over the forecast period.

For more insights on the market intelligence, refer to the link below: -
https://www.kenresearch.com/manufacturing-and-construction/real-estate/united-arab-emirates-facilities-management-market-outlook-to-2026/596154-97.html

Key Segments Covered: -
UAE Facilities Management Market:
By Companies (by Revenue):
Tafawuq Facilities Management
Farnek Services LLC
EFS Facilities Services
Imdaad LLC

By End Users (by Revenue)
Commercial
Residential
Infrastructure

By Services (by Revenue)
Soft services
Hard services

By Personnel (by Revenue)
In-House
Outsourced

By outsourced FM (by Revenue)
Integrated FM
Bundles
Singles

Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTU0

Key Target Audience
Logistics Companies
Bankers and associations
Investment firms
Fintech companies
Venture capitalists
Western conglomerates
Multi-national Companies
Tourism Agencies
Government Bodies & Regulating Authorities
Energy Management Firms

Time Period Captured in the Report:
Base Year: 2022P
Forecast Period: 2023F- 2026F

Companies Covered:
Facilities management Providers
Tafawuq Facilities Management
Farnek Services LLC
EFS Facilities Services
Imdaad LLC

Key Topics Covered in the Report
UAE Facilities Management Market Overview
UAE Healthcare Overview
Ecosystem of UAE Facilities Management Market
Business Cycle and Genesis of UAE Facilities Management Market
End User Analysis of UAE Facilities Management Market
Consumer Journey in UAE Facilities Management Market
Consumer Pain Points in UAE Facilities Management Market
Industry Analysis of UAE Facilities Management Market
SWOT Analysis of UAE Facilities Management Market
Key Growth Drivers in Dental Service Market in UAE
Major Challenges and Bottlenecks in UAE Facilities Management Market
Regulatory Framework in UAE Facilities Management Market
Competitive Landscape in in UAE Facilities Management Market
Market Share of Major Facilities Management Providers in UAE Facilities Management Market
Detailed Analysis on UAE Facilities Management Market (Market Size and Segmentation, 2016-2021; Future Market Size and Segmentation, 2021-2026F)
Market Opportunity and Analyst Recommendations

Related Reports by Ken Research: -
https://www.kenresearch.com/manufacturing-and-construction/real-estate/ksa-facility-management-market-outlook-to-2026/596067-97.html

https://www.kenresearch.com/manufacturing-and-construction/real-estate/kuwait-facility-management-market-outlook-to-2026/596144-97.html

Ken Research Pvt. Ltd.

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

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