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UAE Business: Ithra Dubai project wins key mixed-use development award

UAE Business: Ithra Dubai project wins key mixed-use development award
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Ithra Dubai project wins key mixed-use development award

Non-residential segment driving UAE construction sector growth DUBAI, January 30, 2021 The UAE construction industry, as a whole, is expected to recover to 3.8 per cent this year with the mixed-use developments segment driving the growth, said an expert.    The primary trends witnessed in Q4 2020’s tenders was a dramatic rise in mixed-use developments as well as large-scale, sustainability-focused, refurbishment projects across the hospitality industry, remarked Matthew Sexton, the Managing Director at Say Studio, a design company based in the UAE.    A minor, but entirely new, trend was the emergence of bio chemical tenders, primarily within Dubai, he noted.    We see the non-residential segment (we are including mixed-use developments as non-residential here) taking even more market share this year. Based on what we’ve already seen, we’re expecting closer to 75 percent in the UAE, he added.

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