Construction projects in the UAE
Information on the Latest and Greatest Middle Eastern Construction Projects
The UAE has experienced both growth and declines over the past five years. Despite the recent global setbacks, Dubai still has over US$400Bn worth of active and ongoing projects. With the continuity of construction projects in Dubai, despite global circumstances, the UAE has proven its dedication to improving its economy and eventually bouncing back into full operation.
Where growth on Global Domestic Products (GDPs) declined in 2018, it showed an increase of 0.49% in 2019. In 2020, however, the UAE faced a severe decline to -6.6%. This, however, has proven temporary as the UAE is expected to make a notable comeback in the coming years, with projections indicating a 3.1% GDP growth rate in 2021, and a 3.6% growth rate for non-oil growth GDPs by the end of 2021.
A federal budget cut of 5.3% from Dirhams 61.35Bn to Dirhams 58.113Bn (US$15.8Bn) has not impacted UAE determination or ambition for growth. As of 2021, the UAE government will continue its efforts to implement major projects while also focusing on social development.
But it doesn’t stop there; current projects in the UAE are estimated at a worth of nearly US$860Bn. This is indicative of a moderate increase in overall activity, productivity and, ultimately, growth in the UAE – which is good news for national and global markets and stakeholders. New citizenship laws make foreigners eligible for citizenship in the UAE under specified conditions, which also sets a new foundation for growth in both the UAE economy and the real estate market.
Bright growth projections, dedication, and productivity on the UAE’s part is demonstrating unique and prosperous opportunities in the wake of the global economic crisis in 2020. Some new projects in the UAE announced in 2021 include Masaar in Sharjah, Yas Living in North Yas, Water Treatment & Transmission Facility in Mirfa, Waste to Energy Plant in Al Dhafra, and Binghatti Mirage, to name a few.
In spite of lower oil prices, the Oil & Gas sector is proving relatively active with many projects in Front-End Engineering Design (FEED) and Engineering, Procurement and Construction (EPC) stages. There are many other projects also currently underway. The Utility sector is among these active sectors and remains a high priority to the UAE government.
Events such as Dubai EXPO 2020 – which was cancelled due to the pandemic and set to take place in October 2021 – will also have an immense impact on re-establishing Destination Dubai and the UAE economy itself.
New Construction Projects in the UAE
new projects announced in the UAE FOR 2021, some of which include
Yas Living in North
& Transmission Facility
Energy Plant in
new projects announced in the Abu Dhabi FOR 2021, some of which include
in North Yas,
Mirfa-2 (M2) Independent
Energy Plant in
at Yas Bay,
Silos Grain Storage and
From all the anticipated developments mentioned above, it’s evident that construction projects in UAE predict prosperity across multiple industries, also positively influencing the UAEs global standing in 2021 and for the years to come.
There are various new projects announced in the UAE in 2021, some of which include:
Masaar in Sharjah: A luxury, upmarket forested community with a collection of smart homes and townhouses
Yas Living in North Yas (NOYA), Abu Dhabi: Aldar Properties’ latest and brand-new development located on the North-side of Yas Island.
Water Treatment & Transmission Facility in Mirfa: Utilizing reverse osmosis technology, the plant’s capacity is projected to accommodate approximately 150 million imperial gallons of water per day.
Waste to Energy Plant in Al Dhafra: Located near the existing Al Dhafra landfill, the plant will have an expected processing capacity of between 600,000 and 900,000 tonnes of annual waste. With the plant’s waste conversion efforts, projections estimate it to generate enough electricity for up to 22,500 households in the UAE.
Binghatti Mirage in JVC: A residential apartment building development expected to offer modern one and two-bedroom apartments.
There are also a few new projects in Abu Dhabi for 2021, including:
Yas Living in North Yas, Abu Dhabi
Mirfa-2 (M2) Independent Reverse Osmosis Water Project
Waste to Energy Plant in Al Dhafra
Diva Towers at Yas Bay, Abu Dhabi
Khalifa Port Silos Grain Storage and Processing Plant
Economic Updates: UAE & Dubai Projects
- The UAE's federal budget was cut by 5.3% to Dirhams 58.113 ($15.8) billion for 2021.
- The General Directorate of Residence and International Relations in Dubai (GDRFA Dubai) has issued 69 golden visas for cultural and arts workers in 2020. In total, the department received 220 applications for a 10-year residence permit, of which 124 were approved.
- Expo 2020 to have a lasting impact on Dubai Destination and Economy.
- More than 150 hotels are in various stages of construction in Dubai currently, despite the COVID-19 pandemic. Already in 2021, 79 new hospitality facilities with 26,168 rooms will be opened.
- UAE together with KSA, Bahrain and Egypt have reached agreement with Qatar to restore ties between the countries.
Projects in United Arab Emirates(UAE)
Ventures ONSITE’s database of ongoing projects in the UAE offers relevant insights about construction projects. Our digital library includes significant facts and information that will help individuals and businesses determine the status of a specific project, the people behind these developments, the date of completion, etc.
Our platform provides detailed project profiles of Dubai and Abu Dhabi projects from various industries, including oil & gas, industrial, power and water, industrial, and infrastructure
Major Projects in the UAE
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