UAE Construction Market Report and Forecast 2032

UAE Construction Market Insights & Analysis (2025-2032)

The UAE Construction Market reached a value of nearly USD 72.12 Billion in 2025. The market is assessed to grow at a CAGR of around 6.04%, during the forecast period of 2025-2032 to attain a value of around USD 108.76 Billion in 2032. Government efforts, like the UAE Vision 2030 & Dubai 2040 Urban Master Plan have acted as facilitators for constant progression in the market, which has displayed astonishing resilience in the wake of the global epidemic. Also, infrastructure development in Dubai, Abu Dhabi, and other regions is still a top priority.

Furthermore, to reinforce the nation's position as a hub for international trade, great investments are being made in the transportation sector, like the extension of metro lines in Dubai & Abu Dhabi, as well as improvements to port infrastructure & airports. Furthermore, in Dubai's real estate development sector, where luxury residences continue to attract international investors, the residential sector of the UAE Construction Market has witnessed a resurrection.

UAE Construction Market FY32

• Study Period: 2020- 2032


• Base Year: 2024


• CAGR(2025-2032): 6.04%


• Market Value 2032: USD 108.76 Billion


• Major Players: Al Naboodah Construction Group (ANCG), China State Construction Engrg. Corp., Lennar Corporation, Al Habtoor Group, Skanska AB, STRABAG SE, Fluor Corporation, Bechtel Corporation, and Others  

UAE Construction Market Upgrades & Recent Developments

2024:

• Al Naboodah Construction Group (ANCG) held a nearly USD 275 million contract for the construction of a sustainable mixed-use development in Dubai South, integrating advanced energy-efficient systems & smart building technologies to achieve LEED Platinum certification.
• Al Habtoor Group disclosed plans for an approximately USD 550 million tourism & entertainment complex in Abu Dhabi, featuring luxury hotels, retail spaces, and cultural venues, strengthening their diversification strategy beyond traditional construction.

2025:

• Fluor Corporation seized a nearly USD 1.2 billion EPC contract for a chief petrochemical complex in Ruwais, solidifying its position in the industrial construction sector.
• Bechtel Corporation formed a consortium with local partners to develop smart city infrastructure solutions, winning around USD 680 million contract for implementing intelligent transportation systems across Dubai's main arterial corridors.