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United Arab Emirates (UAE) Prefabricated Multi-Family Home Industry Analysis
The prefabricated multi-family homes, modular homes, and manufactured homes construction industry in the United Arab Emirates (UAE) is a rapidly growing sector. With the increasing demand for affordable housing and the government's commitment to sustainable development, the UAE has become one of the most attractive markets for prefabricated construction methods.
The current scenario of the industry in the UAE is characterized by several large-scale projects, such as the construction of a modular hotel in Dubai and a prefabricated housing project in Abu Dhabi. Moreover, there is a growing interest from the private sector in utilizing this construction method, leading to the emergence of many local and international companies involved in the production of prefabricated housing units.
The outlook for the industry in the UAE is very promising, as the government has set ambitious targets to construct more than 30% of the country's residential properties using prefabricated construction methods by 2030. According to a report by Research and Markets, the market for prefabricated building construction in the UAE is expected to grow at a CAGR of 6.4% from 2020 to 2025.
One local company that is leading the way in prefabricated construction in the UAE is Al Jaber Group. The company has completed several large-scale projects using prefabricated construction methods, including the construction of a modular hotel in Dubai.
Another local initiative promoting the use of prefabricated construction methods is the Mohammed Bin Rashid Housing Establishment (MBRHE). The establishment aims to provide affordable housing to low-income families in the UAE using prefabricated construction methods.
In addition to the government's support, there is a growing interest from foreign investors in the industry. For instance, the Chinese company, Broad Group, has announced plans to invest in prefabricated construction projects in the UAE.
In conclusion, the prefabricated multi-family homes, modular homes, and manufactured homes construction industry in the UAE is a rapidly growing sector with enormous potential. With the government's support, the involvement of local and international companies, and growing interest from foreign investors, the industry is poised for substantial growth and could help provide a sustainable solution to the UAE's housing needs.
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