Cloud based system: The Facilities Management Companies offers advanced cloud-based solutions with everything being recorded. These are software like Computer Aided Facilities Management (CAFM) which are especially useful in commercial spaces. It provides detailed information about the available space and information on how it can be utilized more efficiently. It also gives information about areas within the facility that are underutilized. This way you can plan a better layout for space utilization within the facility and being cloud-based, it is accessible from anywhere.
Government assistance: The Emirate government have made a number of services mandatory to be used by the buildings across the country. Security for Residential and Commercial is a mandate and would increase the revenues for Facilities Management companies being employed for the same. The Abu Dhabi Urban Planning Council issued the Abu Dhabi Safety and Security Planning Manual (SSPM) to develop safe, secure and sustainable communities by ensuring that safety and security aspects are included in the development proposals.
Low Margins and High Setup costs: The number of players in the UAE Facilities Management market is consistently growing, and each player is focused on undercutting the cost which has led to very low margins. The setup costs for Facilities Management companies in the United Arab Emirates involve the cost for bringing in labor and visa costs, investment in technology and expertise which is very high for newly established firms. The survival for firms in the Facilities Management market is based majorly on the economies of scale, and if they have the connections to curb the costs and bag bigger projects.
Agreement and Contracts: Facilities management in the organization must also regulate the documents i.e. agreements, contracts & SOPs and make sure those are precise, standardize by addressing all the legal matters. A Breach of contract is legal & financial risk to the business and the agreement must be terminated if a contractor fails to maintain company assets as per Service Level Agreements (SLAs) defined in the contract and fail to comply the local Government legal, Trade/commerce or labor laws.
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Analysts at Ken Research in their latest publication “United Arab Emirates Facilities Management Market Outlook to 2026F– Growing market driven by rapid real estate expansion and tourism infrastructure development by Ken Research observed that UAE facilities market is an emergent market in UAE at a rebounding stage from the economic crisis after pandemic. The high growth in the tourism, real estate and construction industry bringing about more requirement for Facilities Management across the emirates, is expected to contribute to the market growth over the forecast period.
Key Segments Covered: –
UAE Facilities Management Market:
- By Companies (by Revenue):
- Tafawuq Facilities Management
- Farnek Services LLC
- EFS Facilities Services
- Imdaad LLC
- By End Users (by Revenue)
- Commercial
- Residential
- Infrastructure
- By Services (by Revenue)
- Soft services
- Hard services
- By Personnel (by Revenue)
- In-House
- Outsourced
- By outsourced FM (by Revenue)
- Integrated FM
- Bundles
- Singles
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Key Target Audience
- Logistics Companies
- Bankers and associations
- Investment firms
- Fintech companies
- Venture capitalists
- Western conglomerates
- Multi-national Companies
- Tourism Agencies
- Government Bodies & Regulating Authorities
- Energy Management Firms
Time Period Captured in the Report:
- Base Year: 2022P
- Forecast Period: 2023F– 2026F
Companies Covered:
Facilities management Providers
- Tafawuq Facilities Management
- Farnek Services LLC
- EFS Facilities Services
- Imdaad LLC
Key Topics Covered in the Report
- UAE Facilities Management Market Overview
- UAE Healthcare Overview
- Ecosystem of UAE Facilities Management Market
- Business Cycle and Genesis of UAE Facilities Management Market
- End User Analysis of UAE Facilities Management Market
- Consumer Journey in UAE Facilities Management Market
- Consumer Pain Points in UAE Facilities Management Market
- Industry Analysis of UAE Facilities Management Market
- SWOT Analysis of UAE Facilities Management Market
- Key Growth Drivers in Dental Service Market in UAE
- Major Challenges and Bottlenecks in UAE Facilities Management Market
- Regulatory Framework in UAE Facilities Management Market
- Competitive Landscape in in UAE Facilities Management Market
- Market Share of Major Facilities Management Providers in UAE Facilities Management Market
- Detailed Analysis on UAE Facilities Management Market (Market Size and Segmentation, 2016-2021; Future Market Size and Segmentation, 2021-2026F)
- Market Opportunity and Analyst Recommendations
For more insights on the market intelligence, refer to the link below: –
UAE Facilities Management Market Analysis
Related Reports by Ken Research: –