Imdaad’s In-Depth Industry Report Forecasts AED 24.34 Billion In Revenues For Facilities Management In 2022 With Double-Digit Growth

Imdaad, a Dubai-based integrated facilities management (FM) solutions provider with a strong presence in the GCC, today revealed the findings of an extensive market study that it commissioned to examine the UAE’s FM market and forecast future trends within the industry. The report was compiled by a US-based business consulting firm involved in market research and growth strategy consulting. It was officially launched during the 11th edition of FM EXPO which was attended by senior executives, decision makers and strategists of the industry.

According to the report, titled ‘High Level Overview of the UAE Facilities Management Market’, revenue in the FM industry stood at almost AED 13.5 billion as of 2017 and is expected to reach AED 24.34 billion by year 2022, posting a robust double-digit CAGR of 12.5%. The strong forecast is guided by numerous factors, such as the UAE’s strong construction growth in the lead up to Expo 2020 Dubai, greater affinity on part of project owners to outsource non-core activities and overall improvements in quality of services offered by FM entities, made possible by increased use of reporting software and greater transparency. Abu Dhabi Economic Vision 2030 and 2030 Dubai Industrial Strategy are also anticipated to provide strong demand for FM services.

The report further identified that UAE was in the ‘mature’ stage of FM industry and is home to at least 100 active competitors of varying sizes, which are largely dominated by domestic companies owing low-entry barriers.