Dubai’s strong construction trends look set to continue through 2017 according to BNC’s Construction Analytics, with a total of 4,000 active projects ongoing accounting to a total estimated value of USD313.6bn. This includes projects that are in the concept, design, tender, under construction and on-hold phases, and constitutes 39% of the number of active projects in the UAE and 42% of the total estimated value of all active projects in the UAE.
According to BNC’s Dubai Overview Report, the urban construction sector has more than 3,200 active projects amounting to a combined estimate value of over $245bn.
Following this is the transport sector with 187 projects valued at $32.4bn, the utilities industry with 203 projects valued at $24.3bn, 377 industrial projects valued at $5.8bn and 12 projects in the oil & gas sector totally $4.6bn.
Some of Dubai’s current multi-billion dollar projects include Dubai Metro Red Line Extension which is a part of the Expo 2020 initiative, Container Terminal 4 of the Jebel Ali Port Expansion project and the Royal Atlantis Resort and Residences located in Palm Jumeirah. The significant announcement of the “Dubai Habour” project by H.H Sheikh Mohammed Bin Rashid Al Maktoum in January 2017 will see the construction of an impressive waterfront development spanning more than 20 million sq. feet.
In December, 37 active projects worth an estimated $2.2bn moved to construction in Dubai. As of the end of 2016, the total number of projects under construction was 2,508 with an estimate worth £92bn.
If you are looking for a job in construction or are thinking about moving to Dubai, contact the Leap29 team today for a confidential chat about your next career move.