A Construction Business in the UAE -Building a Better Tomorrow

Construction Industry in UAE

The United Arab Emirates (UAE) construction market size was valued at $85.6 billion in 2021. The market is projected to grow at an AAGR of more than 3% from 2023 to 2026. The key sectors in the UAE construction market are commercial construction, industrial construction, infrastructure construction, energy & utilities construction, institutional construction, and residential. In 2021, residential construction had the largest share in terms of value.

How is it beneficial to invest in construction business in the UAE?

1. Increasing Opportunities

2.Low Construction Costs

3.Easy Availability of Licenses and Permits

4.Government Promotion

5.Tourist Centre

There are few more advantages of investing in UAE. They are;

1. Property prices in UAE are cheaper when compared to other major cities in the world
2. UAE has a liberal policy encouraging foreign individuals and companies to invest and take part in the mutual growth process
3. The introduction of VAT has boosted government revenues that will be spent on infrastructure projects
4. Competitive energy costs, in terms of electricity, water, and oil

How to obtain a Construction business license in UAE?

The steps needed for obtaining a license in the construction industry are –

1. Decide on the jurisdiction where you want to set up your construction company. ( Mainland or Free-zone)
2. All aspects of construction activities are controlled by the UAE Building Department. Obtaining individual licenses requires additional approvals from the Department of road industry, the Department of Civil Protection, and other agencies depending on the field of activity.
3. Get documents to submit to the mentioned authorities
4. Pay fees and obtain the license

Where to set-up the business - Free-zone or Mainland

Free zones have independent jurisdiction and so, obtaining a construction license in UAE free zone depends on the concerned authority. While applying for a license in mainland the construction business requires a license under commercial type. According to your business activities, the license and additional approvals may differ.

Types of Construction License in Dubai

There are many types of construction license in Dubai; each has different requirements and different regulation. They are-

1.Construction of all types of buildings and facilities

2.Maintenance of facilities on a turnkey basis

3.Foundation and concrete works

4.Construction of special purpose facilities

5.Construction of metal structures

6.Facade and finishing works

7.Landscape Gardening

Contact?[email protected]?for a free consultation