Dubai construction market

1. 1
DUBAI
Dubai Construction Sector
September 2021
Economic Research Department
Dubai Chamber of Commerce and Industry
Rebound in Construction Activity

2. 2
Outline
Section I: ECONOMIC OVERVIEW
Section II: DUBAI CONSTRUCTION SECTOR
Section III: DUBAI COSTRUCTION PROJECTS
1. Projects by Industry
2. Projects by Status
3. Projects by Industry & Status
4. Major Projects in Pipeline
Section IV: POTENTIAL OPPORTUNITIES

3. 3
37.5
74.1
126.9
166.0
401.5
804.9
Bahrain
Oman
Kuwait
Qatar
UAE
KSA
I. Economic Overview
Source: Dubai Chamber Research based on IMF, WEO April 2021
Population (mln people) GDP (US$ bln) GDP Per Capita (US$,000)
GCC Facts and Figures –estimates 2021
16.2
22.7
25.3
24.3
35.2
59.1
Oman
KSA
Kuwait
Bahrain
UAE
Qatar
1.5
2.8
4.6
5.0
11.4
35.5
Bahrain
Qatar
Oman
Kuwait
UAE
KSA

4. 4
0.7
1.8
2.4
2.9
3.1
3.3
Kuwait
Oman
Qatar
KSA
UAE
Bahrain
I. Economic Overview
Source: Dubai Chamber Research based on IMF, WEO April 2021 & UNCTAD
Real GDP (% growth) GDP Outlook % growth (2022-2026) FDI Inflows-2020 (US$,bln)
GCC Facts and Figures (estimates for 2021)
-2.8
-0.3
1.0
4.1
5.5
19.9
Qatar
Kuwait
Bahrain
Oman
KSA
UAE
2.3
2.6
2.6
3.0
3.1
3.2
Qatar
UAE
Kuwait
KSA
Bahrain
Oman

5. 5
42.3
54.6
62.0
65.2 64.8
68.0
73.1 74.4
30
35
40
45
50
55
60
65
70
75
80 Average
2020
2021-01-01
2021-02-01
2021-03-01
2021-04-01
2021-05-01
2021-06-01
2021-07-01
Average Crude Oil Price 2020-2021
I. Economic Overview
Crude Oil Price
Source: Dubai Chamber Research based on IMF

6. 6
46
68 68
78 81
96
43
69
65
76
100
72
0
10
20
30
40
50
60
70
80
90
100
110
Qatar Kuwait1 UAE KSA Bahrain Oman
2020 2021 Brent Crude 2021
US$ pb
I. Economic Overview
Oil Price & Breakeven Fiscal Budget
Source: Dubai Chamber Research based on IMF
US$ 65.9 p/b

7. 7
-2
0
2
4
6
8
10
2019 2020 2021 2022 2023 2024 2025 2026
60
70
80
90
100
110
120
201406
201412
201506
201512
201606
201612
201706
201712
201806
201812
201906
201912
202006
202012
202106
Fiscal Balance (% GDP) Current A/C (%GDP)
UAE Int’l Reserves (US$ bln)
Source: Dubai Chamber Research based on IMF, WEO April 2021
I. Economic Overview
UAE : Economic Resilient Fundamentals
-8
-7
-6
-5
-4
-3
-2
-1
0
1
2019 2020 2021 2022 2023 2024 2025 2026

8. 8
2.9
9.2
3.3
34.5
35.9
25.4
1.5
3.2 3.6
17.5
23.5
25.5
Bahrain Kuwait Oman Qatar KSA UAE
2021 F 2020
Estimated Value of GCC Contractor Awards for 2020- 2021 (US$ bln)
Source: Dubai Chamber Research based on Ventures ONSITE
I. Economic Overview
GCC Construction Sectors (Cont.)

9. 9
5.1
38.9
12.3
15.8
39.1
2.3
6.2
12.5 13.4
40.8
Industrial Oil & Gas Power &Water Infrastructure Buildings
2021 F 2020
Estimated Value of GCC Contractor Awards by Industry 2020- 2021 (US$ bln)
Source: Dubai Chamber Research based on Ventures ONSITE
I. Economic Overview
GCC Construction Sectors (Cont.)

10. 10
Outline
Section I: ECONOMIC OVERVIEW
Section II: DUBAI CONSTRUCTION SECTOR
Section III: DUBAI COSTRUCTION PROJECTS
1. Projects by Industry
2. Projects by Status
3. Projects by Industry & Status
4. Major Projects in Pipeline
Section IV: POTENTIAL OPPORTUNITIES

11. 11
Trade. 24.4
Other Services. 15.3
Financial . 11.5
Manufacturing. 10.6 Transportation &
storage. 10.3
Real estate activities.
8.0
Construction. 7.4
ICT. 4.4
Hospitality. 3.7
Uitility. 2.6
Primary. 2.0
Dubai GDP Sectoral Contribution in H1 2020 (% share)
Source: Dubai Chamber Research based on Dubai statistics Centre
II. Dubai Economic Overview

12. 12
3.1 3.1
2.1 2.2
-6.2
4.1
-8.0
-6.0
-4.0
-2.0
0.0
2.0
4.0
6.0
8.0
2016 2017 2018 2019 2020 2021
Dubai Real GDP Growth 2016-2021 (y-o-y % change)
Source: Dubai Chamber Research based on Dubai statistics Centre
II. Economic Overview
Dubai Economic Outlook

13. 13
6.6
6.7
6.4
6.6
6.9
7.0
6.8
0.5 0.5
(3.4)
2.7
5.0
0.5
-3.1
(4.0)
(2.0)
-
2.0
4.0
6.0
6.1
6.2
6.3
6.4
6.5
6.6
6.7
6.8
6.9
7.0
7.1
2014 2015 2016 2017 2018 2019 2020
Yoy
%
growth
US$
bln
Contstruction (US$ bln)(LHS) y-o-y growth rate (%)(RHS)
Dubai Construction Sector Value Added 2014-2020 (US$ bln)
Source: Dubai Chamber Research based on Dubai statistics Centre
II. Economic Overview
Dubai Construction Sector

14. 14
Dubai Real Estate Sector Value Added 2014-2020 (US$ bln)
6.1 6.4
7.0 7.3
7.8 8.0
7.6
1.6
4.5
9.8
4.4
6.1
3.3
-4.7
-6
-4
-2
0
2
4
6
8
10
12
-
1
2
3
4
5
6
7
8
9
2014 2015 2016 2017 2018 2019 2020
Yoy
%
growth
US$
bln
Real Estate GDP (US$ bln)(LHS) y-o-y (%)(RHS)
Source: Dubai Chamber Research based on Dubai statistics Centre
II. Economic Overview
Dubai Real Estate Sector

15. 15
55.2
56.3
54.5
53.5
55.2
53.9
53.2
54.9 54.6
57.1 56.9
55.3
53.8
55.5
57.5
53.7 53.8 54.0
51.8
53.4
54.6
57.0
53.8
50.6 50.6
52.3
50.4
51.7
49.0
48.7
45.9
41.5
45.0
50.1
53.0
51.7
50.4
48.2 48.5
49.7
50.3
51.9
52.9
51.9 51.8
50.9
52.8
40.0
42.0
44.0
46.0
48.0
50.0
52.0
54.0
56.0
58.0
60.0
2017-09
2017-11
2018-01
2018-03
2018-05
2018-07
2018-09
2018-11
2019-01
2019-03
2019-05
2019-07
2019-09
2019-11
2020-01
2020-03
2020-05
2020-07
2020-09
2020-11
2021-01
2021-03
2021-05
2021-07
Dubai PMI Headline Index Construction Activity
Source: Dubai Chamber Research based on HIS MARKIT
II. Economic Overview
Dubai Construction Activity PMI Index

16. 16
Outline
Section I: ECONOMIC OVERVIEW
Section II: DUBAI CONSTRUCTION SECTOR
Section III: DUBAI COSTRUCTION PROJECTS
1. Projects by Industry
2. Projects by Status
3. Projects by Industry & Status
4. Major Projects in Pipeline
Section IV: POTENTIAL OPPORTUNITIES

17. 17
III. Dubai Major Projects
Breakdown of Dubai Projects by Sector 2020 Onwards
Project Sub-Sector Approximate Value, US$ billion № Projects
Urban
Development
Infrastructure
Power
&
Water
Industrial
70
5
3
13
18
6
140
342
6
27
29
8.5
5.1
4.9
0.3
0.2
0.6
Residential
Commercial
Mixed Use
Educational Facilities
Hospital
Others
85
3.9
0.5
0.3
0.1
0.0
Rail
Sewerage & Waste Network
Roads & Bridges
Utility
Port & Terminals
9
12
1.4
0.5
0.3
Power & Desalination Plant
Water Distribution
Substation
0.375
0.219
0.065
0.040
Warehouse & Workshop
District Cooling Plants
Manufacturing
Agriculture
1
US$ 19.1 bln
US$ 2.2 bln
US$ 4.8 bln
US$ 699 mln

18. 18
III. Dubai Major Projects
Breakdown of Dubai Projects by Sector & Status 2020
Onwards
Project Sub-Sector Approximate Value, US$ billion № Projects
Urban
Development
Infrastructu
re
Power
&
Water
Industrial
23
12
3
1
34
2
168
322
11
24
26
36
13
3
3
US$ 19.1 bln
US$ 2.2 bln
US$ 4.8 bln
US$ 699 mln
0.531
0.115
0.050
0.004
Under Construction
Tender for Under Construction
On Hold
Completed
1.371
0.703
0.100
0.002
Under Construction
Tender for Under Construction
Planning Stage
Completed
1
3.925
0.671
0.240
0.011
Planning Stage
Tender for Under Construction
Under Construction
Completed
9.184
5.984
2.646
1.112
0.521
0.163
Under Construction
Tender for Under Construction
Planning Stage
On Hold
Completed
Design
60

19. 19
III. Dubai Major Projects
Breakdown of Dubai Projects by Status 2020 Onwards
Project Status Approximate Value, US$ billion № Projects
Current
(2020
onwards
)
Successful
Troubled
Upcoming
(till
2025) 62
395
38
38
27
225
Source: Dubai Chamber Research based on Fitch Connect and BMI
11.3
0.6
Under Construction
Completed
1.2
On Hold
7.5
6.7
0.2
Tender for Under Construction
Planning Stage
Design

20. 20
III. Dubai Major Projects
Major Projects in Pipeline
Projects at Planning Stage
Project Name Industry Industry Type Project Value (USD Mn) Construction Start Date Construction Completion Date
Dubai Metro - Purple Line Infrastructure Rail 2,725.00 2023 2024
Vegetable Basket - Jebel Ali Free Zone Urban Development Mixed Use 1,000.00 2022 2024
Dubai Metro - Pink Line Infrastructure Rail 700.00 2025 2027
Dubai Metro - Gold Line Infrastructure Rail 500.00 2024 2025
Masaken Wasl - Residential Project in Qusais Urban Development Residential 400.00 2022 2023
Green Free Zone in Dubai Urban Development Commercial 200.00 2022 2024
One Tower at the DIFC - Plot No. PA05 Urban Development Mixed Use 200.00 2022 2025
Two Hotels at the Cityland Mall Compound Urban Development Commercial 150.00 2022 2024
Installation of Solar Power Units in DP World Power & Water Power and Desalination Plant 100.00 2022 2023
The Marina Development in Dubai Urban Development Mixed Use 90.00 2022 2024
Safa Park Towers Urban Development Residential 90.00 2022 2024
The Mixed-Use JVC Dubai Urban Development Mixed Use 80.00 2022 2024
Dubai Harbour - Plot No. Z02.B14 Urban Development Residential 70.00 2022 2024
Moxy Downtown Dubai Urban Development Commercial 60.00 2023 2025
Emaar Beachfront - Plot No. Z02.B12 Urban Development Residential 60.00 2022 2022
Tilal Al Ghaf (D4) - Aura Urban Development Residential 40.00 2022 2024
Mars Science City - Phase 1 Urban Development Commercial 40.00 2022 2024
Nakheel Headquarters in Dubai Urban Development Commercial 40.00 2022 2024
The International Modern Hospital Urban Development Hospital 40.00 2022 2024
City Walk - Central Park - Building No.2 Urban Development Residential 20.00 2022 2023
Sustainable Data Centre in Dubai Urban Development Commercial 20.00 2022 2022
Retail Market in Dubai Urban Development Commercial 10.00 2022 2023
Extension of Rashid School for Boys in Nad Al Sheba Urban Development Educational Facilities 10.00 2022 2023
Extension of Latifa School for Girls in Nad Al Sheba Urban Development Educational Facilities 10.00 2022 2023
DMCC BURJ 2020 - Uptown Plaza Urban Development Commercial 10.00 2023 2024
DMCC BURJ 2020 - Phase 1A Podium Extension Urban Development Commercial 5.00 2023 2024
Street Pizza in Atlantis Urban Development Commercial 1.00 2022 2023

21. 21
Project Name Industry Industry Type Project Value (USD Mn) Construction Start Date Construction Completion Date
Creek Park District in Dubai Creek Harbour Urban Development Residential 900 2021 2023
DS233 Deep Tunnel Storm Water System - Package 3 Infrastructure Sewerage & Waste Network 450 2021 2023
Mixed Use Tower for Galleria Investments in Sheikh Zayed Road (City Tower 1) Urban Development Mixed Use 409 2021 2023
The Peninsula at Business Bay Urban Development Mixed Use 300 2021 2023
South Bay in Business Bay Plot No. 346-6861 Urban Development Residential 272 2021 2024
Adventz Tower in Downtown Dubai - Plot No.345-0391 Urban Development Residential 272 2021 2024
Aykon City - Office Tower - Tower D Urban Development Commercial 250 2021 2023
Nshama Integrated Community (Dubai Town Square) - Plot No.36 Urban Development Mixed Use 180 2021 2023
Dubai Hills Estate - Park Point II Urban Development Residential 136 2021 2023
Commissioning of Pipelines, Storage Tank and Associated Works in the Emirate of Dubai Power & Water Water Distribution 135 2021 2022
Azizi Riviera in Meydan One - Phase 4 - 11 Buildings Urban Development Residential 120 2021 2023
132KV cable works for 6 Nos. 132/11KV substations and dismantling of 132KV OHL circuits Power & Water Power and Desalination Plant 120 2021 2022
Tilal Al Ghaf (D4) - Harmony Urban Development Residential 120 2021 2023
The Valley - Eden Urban Development Residential 110 2021 2022
Mansions in Mohammed Bin Rashid (MBR) City Urban Development Residential 100 2021 2023
Maliha Road Improvement & Upgrading Work - Phase 2 Infrastructure Roads & Bridges 100 2021 2022
Rochester Institute of Technology New Campus in DSO - Phase 2, Part 2 Urban Development Educational Facilities 81.7 2021 2023
Falcon City of Wonders - Grand Pyramid Urban Development Mixed Use 80 2021 2023
Residential Buildings in Culture Village - Plots No.006 & 007 Urban Development Residential 80 2021 2023
The Crowne Plaza Dubai Business Bay - Plot No. 346-0527 Urban Development Commercial 70 2021 2023
Falcon City of Wonders - Eastern Residence North - 254 Villas Urban Development Residential 70 2021 2023
Dubai South - Parklane - Townhouses Urban Development Residential 70 2021 2022
Azizi Miraj 2 in Studio City - Plot No. SC-A-012 Urban Development Residential 68 2021 2022
Azizi Miraje 1 in Studio City - Plot No. SC-A-013 Urban Development Commercial 68 2021 2022
Cardiac CoE at the Rashid Medical Complex Urban Development Hospital 60 2021 2022
Tilal Al Ghaf (D4) - The Hive Urban Development Mixed Use 60 2021 2022
Al Thamra Development in Wadi Al Safa 2 - Plot No. 643-7717 Urban Development Residential 60 2021 2022
III. Dubai Major Projects
Major Projects in Pipeline
Projects in Tender for Construction

22. 22
III. Dubai Major Projects
Major Projects in Pipeline
Projects in Design
Project Name Industry Industry Type Project Value (USD Mn) Construction Start Date
Construction Completion
Date
3D Printed Skyscraper in Dubai Urban Development Mixed Use 60 2023 2024
Turin by Giovanni Boutique Suites Urban Development Residential 40 2022 2023
Residential Building in Downtown Dubai - Plot No. 345-0441 Urban Development Residential 40 2022 2023
Church of Jesus Christ of Latter-day Saints at the District 2020 Urban Development Religious Facilities 20 2022 2023
Expansion of Horizon English School Urban Development Educational Facilities 3 2022 2023

23. 23
Outline
Section I: ECONOMIC OVERVIEW
Section II: DUBAI CONSTRUCTION SECTOR
Section III: DUBAI COSTRUCTION PROJECTS
1. Projects by Industry
2. Projects by Status
3. Projects by Industry & Status
4. Major Projects in Pipeline
Section IV: POTENTIAL OPPORTUNITIES

24. 24
IV. Potential Opportunities
Dubai Attractive Construction Market
Source: Dubai Chamber Research based on International Construction Market Survey 2021

25. 25
❑ Green Fuel Projects
❑ Photovoltaic (PV ) projects
❑ Social Infrastructure Projects
❑ Urban Landscaping Projects
❑ Utility projects with renewable energy focused development.
❑ Refurbishment and Repurposing of existing buildings.
❑ Sport & entertainment Projects.
❑ Manufacturing & Industrial Projects
❑ Petrochemicals Project
IV. Potential Opportunities

26. 26
Thank You
26