10 Best Construction Companies in Dubai in 2024
Dubai is booming with construction as the Expo 2020 Dubai is fast approaching. Recent reports indicate that the value of construction projects in Dubai will amount to $330bn by 2022. It may be hard to keep track of who’s who in such a dynamic construction environment. So, without much ado,
Here are the Top 10 Construction Companies in Dubai in 2024:
1. Arabtec Construction LLC
Arabtec Construction LLC is one of the leading construction companies located in Dubai. The company was incorporated back in 1975 and has since then accomplished numerous high profile projects within the UAE, and other Middle East countries. Arabtec Construction LLC is a subsidiary of Arabtec Holding which is listed on Abu Dhabi Securities Exchange.
The company has a strong order book and stands strategically to tap into growing construction market within UAE. In 2018, Arabtec Construction LLC posted revenues worth AED4.6bn and on average its sales are expected to grow by about 5% annually for next two years. Due to its presence across all emirates, it maintains strong position across residential, commercial and industrial segments unlike other builders.
Arabtec Construction LLC boasts of an excellent track record when it comes to delivering projects on budget and as scheduled as well. It possesses an efficient supply chain network alongside large fleet of heavy machineries deployed both at the sites as well as depots from where materials bought by sub-contractors are stored prior being utilized during various stages of project execution.Arabtec Construction LLC happens to be one among some selected few building firms certified by ISO9001 (Quality Management System) plus ISO14001 (Environmental Management System). Its labor force consists of more than eighty nationalities employing over twenty thousand workers.
2.China State Construction Engineering Corporation Middle East (CSCME)
China State Construction Engineering Corporation Middle East (CSCME) is a leading construction company in Dubai, with a strong track record of delivering high-quality projects on time and within budget. CSCME was established in 2002 and has rapidly expanded to become one of the largest builders within the region with annual revenue now exceeding US$1bn.
It has delivered various Middle East projects which include major mixed use, residential towers, hospitals and airports. CSCME has also earned itself a reputation for sustainability in construction and was recently regarded as among the world’s top green contractors by Engineering News-Record; an industry magazine that is highly respected. In addition, looking at future prospective opportunities, there lies potential possibility for CSCME to continue its growth trajectory thereby capturing more market share within this highly competitive construction industry.
Presently it is bidding for several large scale UAE-based projects alongside those from Qatar & Saudi Arabia while expecting to win some new contracts across these key markets. With an experienced team of professionals committed to achieving excellence, CSCME will remain one of the premier civil engineering firms operating across the Middle East over the next few years.
3.Drake & Scull International PJSC (DSI)
Drake & Scull International PJSC (DSI) is a prominent regional engineering, design and construction conglomerate that has a considerable presence in the MENA region. It came into existence in 1991 and has since grown rapidly to make $4.4 billion revenue in 2022. DSI has strong presence across UAE, Saudi Arabia, Qatar, Kuwait, Egypt and India with diverse services such as construction, mechanical and electrical engineering, water and wastewater treatment plants including oil and gas projects.
It’s set to continue growing over the next couple of years considering it boasts an over 9,000 strong team of experienced professionals. DSI is looking forward to 2022 where they are focused on ensuring that their shareholders enjoy excellent results as well as retaining its position as the most reliable partner for any construction project across MENA.
4. Habtoor Leighton Group LLC (HLG)
Habtoor Leighton Group LLC (HLG) is a leading international contractor specializing in construction, engineering, electromechanical services, project management among others. The company was founded in 1979 and its headquarters are located in Dubai; United Arab Emirates capital town. HLG dominates markets within Middle East North Africa market southeast Asia Australia Europe . In 2021 HLG had earned $5.4 billion as revenue which will rise up to become $6.6 billion by next year.
The company’s areas of expertise include infrastructure development; power generation; oil & gas industry; petrochemicals; residential and commercial building projects . They have been able to successfully deliver top quality projects on time within budgeting- majorly due to their works being on some of world’s most iconic structures like Burj Khalifa , Palm Jumeirah , Abu Dhabi International Airport etc . In 2021,Habtoor Leighton Group was listed as seventeenth largest global contractor by Engineering News –Record.
5. Jumeirah Group
Jumeirah Group is a real estate development company based in Dubai that started in 2012. In 2022, the company is projected to make $1.5 billion as revenue. Jumeirah Group specializes in the construction of residential, commercial, and industrial properties.
Some of these include Business Bay; Jumeirah lakes towers; Al Barsha . In addition, Jumeirah Group carries out property management and leasing services alongside its construction work. The company continues to cement its position as one of the leading Construction Companies in Dubai with projections pointing towards more growth opportunities over the next few years.
Also Read:Â Top 10 Real Estate Companies in Dubai 2024
6. EMIRATES CONTRACTING COMPANY
EMIRATES CONTRACTING COMPANY was established in 2006 with its headquarters situated at Dubai, United Arab Emirates (UAE).The Construction and Engineering sector are among other businesses which it operates within Middle East & North Africa Region.
Its projects range from residential buildings such as apartment complexes, condominiums etc., commercial properties including malls/shopping centers /plazas/strip malls/offices buildings/hotels/mixed use facilities like hospitals (medical offices), dentist offices…. With an anticipation for $4.5 billion revenue by 2022, this firm has over fifty nationalities made up by greater than fifteen thousand employees . It’s listed under DFM currently valued at AED2.5 billion as of November 2020.
7. Meraas Holding
Meraas Holding founded by Abdullah Al Habbai in 2007 is a conglomerate based in Dubai that operates across different sectors including construction, hospitality, retail and entertainment among others.Income generation is exemplified by Meraas Holding Company earning AED8.6bn fiscal year ended December 31st ,2020 but it hopes to reach AED10.7bn in 2022.
The company has several high-profile projects in the pipeline, which include the Expo 2020 site and the Dubai Creek Harbour development. In addition to this, Meraas Holding is owner of some of Dubai’s most popular entertainment venues like City Walk and The Beach at JBR. With its emphasis on growth and innovation, Meraas Holding is in a good position for success in the years ahead.
8. Nakheel PJSC
In 2004, Nakheel PJSC was founded as a building contractor based out of Dubai. Most notably, among many others it has developed Palm Jumeirah with its luxury hotels, villas and flats. Nakheel PJSC is also responsible for other major developments in Dubai including World Islands and Nakheel Tower. Furthermore, it has diversified its business over time by venturing into Saudi Arabia where it is undertaking some projects such as Cairo Sports City in Egypt or Indian Film City project.
In 2022 revenues are predicted to reach $5.4 billion dollars for the firm. Real estate businesses play an important role in boosting economic development within Dubai; they’ve created some of the city’s iconic structures’. This puts Nakheel PJSC in an advantageous position given that it has been able to complete large-scale projects within budgeted time frames consistently.
9. Damac Properties
It was established in 2002 and become one of the biggest construction firms in UAE by annual revenue close to five billion dollars expected across all activities till 2022 . For example, Burj Khalifa remains one of their outstanding works’. It operates across other parts of United Arab Emirates including Abu Dhabi or Ras Al Khaimah too; apart from being involved with construction damac owns a number hotels as well as golf courses . With that said, the company plans to go public through Nasdaq Dubai by issuing shares starting from next year.
10.Emaar Properties PJSC
Emaar Properties PJSC is a UAE-based real estate development company. It was established in 1997 under the chairmanship of Mohamed Alabbar. Emaar Properties is listed on the Dubai Financial Market and is the biggest developer of land in terms of revenue in UAE. The company’s revenue for 2020 amounted to AED 42.6 billion.
Emaar Properties has a land bank that covers 3,540 hectares and an assortment of iconic projects located across Downtown Dubai, Dubai Creek Harbour, Dubai Hills Estate, and Arabian Ranches . Over time this business sets up quality homes for its clients with the purpose to create lasting value for its shareholders as well. In addition, Emaar Properties happens to be one of the most profitable construction enterprises in Dubai; it will likely meet (or exceed) their target revenue (sales) by next year amounting to AED 50 billion.
Conclusion:
These are the top ten construction companies in Dubai. With so many players involved, it promises to be an exciting few years for construction in Dubai. Don’t forget to read the latest news and updates about any new projects coming up so you can make wise decisions on your next building venture.
