United Arab Emirates Infrastructure: Report Q3 2014

Business Monitor International
July 30, 2014
94 Pages - SKU: BMI5305345
Countries covered: United Arab Emirates

United Arab Emirates Infrastructure: Report Q3 2014

BMI View: We are retaining our bullish forecasts for the UAE's construction sector for 2014 and indeedover the next five year period. 2013 saw the reactivation of numerous delayed projects and the award ofmany new ventures, as well as Dubai being awarded the 2020 Expo. Dubai's real estate market is raisingalarm at the pace of recovery, although at present we view the risk of overheating as minimal.

Factors Driving Construction Industry Growth

Numerous measures are being undertaken, such as rent caps and requirements of around 50% paymentbefore property transfers hands, in order to prevent speculative buyers from overheating the residentialmarket.

Abu Dhabi's market seems to have bottomed out and indeed is showing signs that it is following Dubai'simpressive recovery. Both infrastructure and residential and non-residential construction activity isexpected to increase over the coming years.



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