The UAE’s construction market is projected to surpass $52.7bn by 2030, driven by strong government investment, economic diversification, and a rising population.
A new report has shown that the sector is expected to grow at a compound annual rate of 4.26%, fuelled by major infrastructure developments, particularly in transport and renewable energy. This sustained expansion is set to further energise the real estate market, with numerous large-scale projects already underway.
Dubai’s rapidly growing proptech sector is also contributing to the construction boom. Aiming to double its market value by 2030, the industry is introducing advanced technologies that enhance design and technical performance across developments.
Gulf Economist Staff Writer