Projects worth $800 billion(!) under way in the UAE

Despite caution over future projects, $800 billion (Dh2.9 trillion) of projects are currently under construction in the UAE, according to a survey by Proleads, the research partner of The Big 5.

Though the analysis covers all industries, civil construction developments continue to dominate projects under way topped by Jumeirah Gardens, Dubailand, Palm Deira, Yas Island, and White Bay Umm Al Quwain.

Proleads is currently tracking in excess of 5,200 individual projects worth in excess of $4trn across the Middle East. Its database lists more than 980 projects under some level of construction across all industries in the UAE.

“It is important to say that the $800bn of projects in this survey are all under construction,”

said Bernard Walsh, Managing Director of The Big 5 organisers dmg world media Dubai.

“Despite caution over future projects, it emphasises yet again that the huge projects under way in the UAE are increasingly at levels unmatched in other parts of the world as the economic slowdown affects markets worldwide.”

Emirates Business