Fit-out industry expects booming business in 2020

FIT IT RIGHT: Dubai and Abu Dhabi are experiencing a robust growth in the construction and real estate sector due to which the interior fit-out UAE market will also be stirred with huge projects and will see an upward trend in the business overall.


The UAE’s fit-out industry is having a busy time with increasing options for affordable housing, which is inspiring residents to be homeowners.

Coupled with that the Expo 2020 Dubai preparations are giving local and international businesses an impetus to invest in their UAE operations.

The sector players are very optimistic that business is in for a busy period in 2020 and beyond. New reforms in long-term visas are enabling residents to plan and build long-term stay in the region which has given the food and beverage sector a constant need to innovate both in terms of business and boosting customer experiences by refurbishing properties. It has been observed that for many players staying relevant and attractive on social media for F&B, retail and hospitality outlets seems key to their online business.

On industry trends, Mihir Sanganee, design director, Designsmith, said sectors like F&B, hospitality, retail and office still see a steady growth in demand.

“We can see an increase in demand for home design and renovations with the rise in number of home-owners. Free-hold properties also contribute to that trend. There is a big push for being sustainable and refurbishing existing spaces instead of constructing new ones,” he said.

He said the F&B sector is currently driven by the unique concepts and consumers are more conscious about materials and products used in their homes and offices – ethically-sourced, natural, recycled and locally-sourced product are in demand.

“This year we can see design and build studios will drive larger growth with higher and faster deliverables with a specialist approach from a one stop shop service.”

Established in 2012 to cater to the interior design and fit-out industry, Design Infinity opines that UAE interior fit-out market is one of the GCC’s fastest growing industry.

Geetha Nayak, managing partner of Design Infinity, said the much-anticipated growth in the market with regards to 2020 will help all sectors like commercial, hospitality, hospital, retail and residential projects to grow.

“Dubai and Abu Dhabi are experiencing a robust growth in the construction and real estate sector, due to which the interior fit-out UAE market will also be stirred with huge projects and will see an upward trend in the business overall. The main driver of this sector’s growth is the increase in construction activities, owing to the Expo 2020, in the region. Construction and real estate sector are the real influencers of growth in the interior and fit-out market.”

A Faithful+Gould’s report forecasts the UAE fit-out market to reach $973.4 million (Dh3.4 billion) by 2022. At the same time, the renovations and refurbishment market in UAE is also on the rise. Experts estimate renovations can add between 10-15 per cent to the selling price, something that is promoting a lot of owners to remodel and upgrade their older properties.

Ahid Shaikh, founder of BnB, who is also the chairman of Déjà vu Real Estate, said there are two clear segments where “we see a need gap”.

“One is homeowners, who are seeking a classy and cosmopolitan look for their new homes, or looking to upgrade existing properties to increase valuation and ensure a steady return on investment. And the other is Dubai’s growing residential & commercial projects market.”

Recently, Bianca & Bianco, a new concept of affordable luxury porcelain slabs, tiles, and exclusive bath & kitchens solutions, launched its first showroom in Dubai on Sheikh Zayed Road catering to the needs of large commercial and residential real estate projects looking for competitively priced international quality fittings.

“Real estate is one of the biggest investments in your life. Property needs look beautiful and should be upgraded regularly for it to retain and enhance its value. But while you want luxurious finishes and high quality, you also don’t want to break the bank! Today everyone, whether a project manager or an individual, wants opulence that is cost-effective and delivers great ROI,” he adds.

Abeesh Koshy, operations director, Dubai creative group, said the UAE’s fit-out industry today demands a constant innovation both in residential and commercial sector compelling each player to bring in a business strategy which is competitive and disruptive due to higher consumer demand. “The designs are no more contemporary but futuristic as consumers are largely influenced by Generation Z,” he said. – sandhya@khaleejtimes.com

vulkan vegas, vulkan casino, vulkan vegas casino, vulkan vegas login, vulkan vegas deutschland, vulkan vegas bonus code, vulkan vegas promo code, vulkan vegas österreich, vulkan vegas erfahrung, vulkan vegas bonus code 50 freispiele, 1win, 1 win, 1win az, 1win giriş, 1win aviator, 1 win az, 1win azerbaycan, 1win yukle, pin up, pinup, pin up casino, pin-up, pinup az, pin-up casino giriş, pin-up casino, pin-up kazino, pin up azerbaycan, pin up az, mostbet, mostbet uz, mostbet skachat, mostbet apk, mostbet uz kirish, mostbet online, mostbet casino, mostbet o'ynash, mostbet uz online, most bet, mostbet, mostbet az, mostbet giriş, mostbet yukle, mostbet indir, mostbet aviator, mostbet casino, mostbet azerbaycan, mostbet yükle, mostbet qeydiyyat

Privacy Policy

The Internet is a global environment and using the Internet to collect and process personal information necessarily involves the transmission of data on an international basis. By browsing this Portal you acknowledge and agree to our processing of personal information in this way. We accept no responsibility or liability for the security of personal information transmitted via the Internet.

Designsmith respects your privacy and is committed to providing ‘Industry Standard’ level of security and privacy regarding the collection, storage, transmission and use of the customer’s personal information through the Portal by maintaining strict policies and security controls. Personal information may be collected through the submission of requests, online transactions and through the use of other online tools. A detailed description of Designsmith ‘s privacy policy is provided below. If you have additional questions regarding the privacy and security of your personal information, please contact us on compliance.

The collection of personal information online is designed to assist Designsmith in providing you with the Third Party Products and Services you want and need. All personal information collected and stored by Designsmith is used for specific business purposes to protect and administer your accounts and transactions, to comply with the relevant laws and regulations of the United Arab Emirates, and to help Designsmith better understand your needs in order to design or improve our products and services. Once received by Designsmith, only Designsmith’s approved personnel may open and process any personal information you provide to the site. In addition, Designsmith requires all third parties with a business need to access this information to adhere to similar and equally stringent privacy policies. Personal information may be supplied to a third party in order to process customer transactions; if the customer requests it; the disclosure is required or allowed by law (i.e. exchange of information with reputable reporting agencies, subpoena, or the investigation of fraudulent activity, etc.); or in conjunction with joint marketing agreements we have entered into. Designsmith does not provide account or personal information to other companies for the purpose of independent telemarketing or mail marketing.

Designsmith takes appropriate steps to ensure data privacy and security including through various hardware and software methodologies. However, Designsmith cannot guarantee the security of any information that is disclosed online.

Designsmith is not responsible for the privacy policies of websites to which it links. If you provide any information to such third parties, different rules regarding the collection and use of your personal information may apply. You should contact these entities directly if you have any questions about their use of the information that they collect.

Unless restricted by applicable law, you agree that any and all personal information/data relating to you and collected by Designsmith from this Portal from time to time may be used and disclosed for such purposes and to such persons as may be in accordance with Designsmith’s prevailing information technology security policy. Designsmith will treat your personal information as confidential but we may share it within the Designsmith group of companies.