Virtually all other businesses rely on the construction industry to provide and maintain their housing, equipment and infrastructure, and the construction industry is a determining factor in where and how almost everyone lives, works and plays. For almost the entire world population, the built environment has a major impact on the quality of life.
In early 2013, the Abu Dhabi government pledged to fund an additional AED 330 billion over the next five years for key developments with a focus on social development, particularly in health, education, housing and selected strategic transportation projects.
At the same time, the expansion of the existing metropolitan area in Dubai will continue and construction activity will remain stable thanks to the various ongoing projects, including the completion of the Downtown Dubai and Business Bay projects. Further work was planned in and around Dubai’s second major airport, Maktoum International. With the construction of the “Burj Khalifa” as the modern wonder of the world, Dubai has set a milestone in the construction business in a short time.
THE KEY PLAYERS IN BUILDING PROJECTS IN THE UAE ARE, AS IN OTHER JURISDICTIONS:
o The project developer, commonly referred to as the employer.
o The building contractor.
EMPLOYERS USUALLY FALL INTO ONE OF THE FOLLOWING CATEGORIES:
o Developers of commercial and leisure properties (often wholly or partially state-owned).
o Public building authorities and public utilities (again usually state-owned, although there are examples in the UAE of electricity, water and infrastructure facilities being procured through public-private partnership structures (PPP) where the ruling party owns the project company is involved.
o Oil and gas companies (including state-owned organizations such as the Abu Dhabi National Oil Company).
THE CONSULTANTS ARE GENERALLY ASSIGNED TO THE FOLLOWING SERVICES
o architecture.
o Civil engineering.
o Mechanical and electrical engineering.
o Project monitoring.
o Project management.
In the most common procurement and contract arrangements (involving both local and international parties), the employer hires its own planning, monitoring and project management consultants and separately procures a contractor to carry out the project according to this plan.
APPROVALS & LICENSE REGISTRATION REQUIREMENTS
Dubai City Council G + 1 approval required and other mandatory approvals from the other department
o Department of Drainage and Irrigation
o Department of water and electricity
o Construction department
o Dubai Civil Protection Authority
Types of Licenses
o Contract license
o Demolition and demolition license
o License for the maintenance of buildings
o Steel manufacturing contract license
WHY OPEN A CONSTRUCTION COMPANY IN DUBAI?
The outlook for the UAE construction sector is positive for the coming years. The construction sector is being supported by the further development of tourism, international events such as Expo 2020, large government investments in the transport infrastructure and even benefit from the current political turmoil in the region, where the UAE continues to have “safe haven” status. This concise study will look at ongoing construction companies in the Dubai spanning the residential, commercial, hospitality, healthcare and infrastructure segments. Opportunities and challenges are highlighted. Anyone interested in exploring the hardware store is welcome to contact the FIT office in Dubai.
A large number of infrastructure works have started in the United Arab Emirates in recent years. Major road, airport and port (expansion) projects are underway in preparation for the further expected population influx and the upcoming Expo 2020 in Dubai. The ongoing project to expand Dubai International’s airport worth $ 7.8 billion will increase the airport’s current capacity from 60 to 90 million passengers per year by 2018. Dubai’s second airport, Al Maktoum International, opened for cargo operations in 2010 and opened its doors to passengers in 2013. When the $ 32 billion expansion is complete, the airport will be the largest in the world and more than Can accommodate 160 million passengers and 12 million tons of cargo per year.
THE PROJECT AREAS ARE:
Healthcare
Hospitality
Retail trade
Office
Dorm
Infrastructure
The outlook for the UAE construction sector remains largely positive. Continuous population growth and extensive government investments lead to a large number of projects in the areas of healthcare, leisure, hospitality and housing. Investors and developers are paying more attention to the feasibility and the correlation between supply and demand.
