The fit-out sector would experience great boom as Dubai International Furniture Accessories Components (DIFAC), which will, takes place in Dubai from March 12-14, 2018 would create business opportunities.
The addition of 55,000 new housing units in Dubai in 2017-18 will boost the region’s $17.7bn fit-out sector as thousands of families move into their freehold homes that require furniture, household items as well as interior décor products.
A total of 25,000 residential units are expected to be delivered in Dubai this year and a further 30,000 in 2018, according to Jones Lang LaSalle, a global real estate advisory.
Dubai will see a further 163,840 properties being built over the next five years from 387 projects. The year after could see 19,850 units and 17,754 further homes in 2020. So far in 2017, Dubai has seen the launch of 90 projects consisting of 36,556 units.
According to Ventures Middle East research, interior-based design and fit-out spend in the GCC has risen from $15.5 billion in 2016 to $17.7 billion this year.