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Residential construction in the uae to 2019 market forecast

Residential Construction in the UAE to 2019: Market Forecast' contains detailed historic and forecast market value data for the residential construction industry, including a breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition). The databook provides historical and forecast valuations of the industry using the construction output and value-add methods. more details visit : https://www.kenresearch.com/manufacturing-and-construction/infrastructure/residential/29574-97.html

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Residential construction in the uae to 2019 market forecast

  1. 1. RESIDENTIAL CONSTRUCTION IN THE UAE TO 2019 : MARKET FORECASTS Ken Research Pvt. Ltd.Ken Research Pvt. Ltd.
  2. 2. Contribution of Residential Construction to GDP in the UAE 9.5 10 10.5 11 11.5 12 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 (Percentage) Construction as a Percentage of GDP Construction as a percentage of GDP The construction segment made up for approximately 11% of the UAE’s GDP in 2015 In 2011, there were 46 construction projects declared in the UAE amounting to about USD 625 billion This industry will display a sustainable growth for the years to come and will cater to the UAE’s increasing residents 2 Ken Research Pvt. Ltd.
  3. 3. Factors responsible for growth of Residential Construction in the UAE Low and stable inflation rate Increasing population growth rate Upsurge in expatriate population High GDP Growth rate Growth of Residential Construction in the UAE 3Ken Research Pvt. Ltd. Ken Research Pvt. Ltd.
  4. 4. WEAKNESSES • Still on its way to recovery after the Global Financial Crisis OPPORTUNITIES • Ease of doing business rank is improving • STRENGTHS -Stable industry prone to minor setbacks -Major segment of the UAE’s construction industry -Making efforts to tap environmentally conscious consumers like Dubai’s TSC project WEAKNESSES Still on its way to recovery after the Global Financial Crisis of 2008 and is endeavoring to reach pre-crisis level Excess supply of residential units in the economy leading to postponement of new residential construction projects OPPORTUNITIES Ease of doing Business ranking improvement Popular destination for business and leisure Momentous growth expected because of high population growth rate and GDP growth rate in the long run THREATS No scope of improvement in the short run due to reduction in rental rate and increasing vacancy rates Possible scope of losses for existing players SWOT ANALYSIS SWOT Analysis 4Ken Research Pvt. Ltd. Ken Research Pvt. Ltd.
  5. 5. Major Players in Residential Construction Market of the UAE EMAAR PROPERTIES PJSC • One of the world’s biggest construction companies and is listed on Dow Jones Arabia titan’s Index • Known for building Burj khalifa in Dubai, United Arab Emirates ALDAR PROPERTIES PJSC • Second largest real estate developer by Assets in the Gulf • Projects to build a Ferrari based theme park in Abu Dhabi NAKHEEL PROPERTIES PJSC • It is a government owned company and cut throat competition exists between Nakheel and Emaar Properties in Dubai for projects in the residential sector 5Ken Research Pvt. Ltd. Ken Research Pvt. Ltd.
  6. 6. Government Regulations Role of Government in the Residential Construction Industry Owns real estate companies like Nakheel PJSC to ensure objectives are in line with that of the economy Continues to back the sector with liquidity and legislation when needed Makes the regulations more user friendly The UAE government allows the non UAE nationals to have freehold or leaseholds in certain areas of the country that successfully brings in more foreign capital Incentives for real estate developers are enhanced by offering them visa from six months up to three years in duration 6Ken Research Pvt. Ltd. Ken Research Pvt. Ltd.
  7. 7. Scope of the Report • Overview of the residential construction industry in the United Arab Emirates • Historic and forecast market value for the residential construction industry by construction output and value-add methods for the period 2010 through to 2019 • Historic and forecast market value by construction activity (new construction, repair and maintenance, refurbishment and demolition) across the residential construction industry for the period 2010 through to 2019 • Considering the macroeconomic scenario, its population composition, governmental regulations and the structure and dynamics of the industry, this segment undeniably promises well anchored, structured and withstanding growth prospects till 2019. 7 Ken Research Pvt. Ltd.Ken Research Pvt. Ltd.
  8. 8. Contact Information 8Ken Research Pvt. Ltd. Ken Research Pvt. Ltd. KEN RESEARCH PRIVATE LIMITED

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