United Arab Emirates Sees Construction Growth Ahead of Expo 2020
2017 will be a very dynamic year for construction in the United Arab Emirates, with results emerging in particular from the third quarter onwards. The numerous large-scale projects under way will prompt rapid growth in the construction sector, which in turn will drive the entire local economy.
In Dubai in particular, the value of real estate transactions in the first quarter of 2017 reached $21 billion thanks to work for Expo 2020 (Source: Dubai Land Department). Investments will be spread over a number of segments (housing, schools, healthcare facilities and public buildings), with a total of 47 projects valued at $3 billion in 2017 alone.