Dubai is one of the most well-known tourist destinations in the world. Due to the abundance of local and foreign investors in the city, the construction industry in Dubai has been thriving since the 1980s. Due to its booming economy and construction sector, Dubai is known as the ‘City of Skyscrapers’, and the home to the world’s tallest building, Burj Khalifa.
One of the most impressive feats in construction in Dubai is the Burj al Arab, which is the most iconic 7-star hotel in Dubai. Due to technological advancements, many top notch civil engineers and architects were able to construct the world’s most luxurious hotel. In addition digital innovation in this sector has enables construction companies to streamline their operations and to increase their efficiency by cutting costs, speeding up project delivery, improving collaboration between end users, contractors and designers, and providing accurate asset data and portfolios.
The leading sub sectors in the construction industry include:
Starting a construction business in Dubai can prove to be very profitable in the long run. This is due to the fact that there are low construction costs, unlike other majore tourist destinations in the world. Furthermore, the construction sector is not volatile in nature, and has a stable growth rate, with minimal fluctuations. The government is also taking huge steps to boost the economy by injecting investment and foreign exchange into the economy. The Dubai government sanctioned around 18% of its $13 billion budget for infrastructure and growth.
Apart from all benefits and investment opportunities in Dubai, this city will continue to grow and move forward, achieving new feats of civil engineering.