Correction in Property Values Puts Facilities Management in Focus

Developers and investors are increasingly turning their attention to maximising returns over the lifetime of their buildings, according to leading industry experts.

As a result of the region’s maturing property market, the Gulf’s rapidly evolving facility management industry is forecast to eventually outgrow the construction sector in terms of scale. That projection may come sooner rather than later if macro economics stifle growth estimates for the region and perhaps more imminently, project finance is starved by stalled lending practices.

FM Expo — which next takes place from May 24-26 at the Dubai International Convention and Exhibition Centre — is the leading event in the region dedicated to property and facilities management.