What do you think the construction industry is about? Is it about cranes, concrete, and just contracts? Well, NO! In today’s time, it’s about data!
Every project, from a small commercial building to a multi-billion-dollar infrastructure development— nowadays, relies on accurate intelligence for success. And, without the right data, companies risk many things, like delays, budget overruns, compliance issues, not to forget, missed opportunities.
When it comes to the UAE, the construction sector is actually booming! Research says it has over 6,973 projects valued at an estimated $973 billion. With this stunning level of activity, contractors, subcontractors, project managers or consultants or investors must stay ahead! And, it requires more than just traditional project management—in fact it demands powerful data-driven insights.
Choosing the Right Construction Intelligence Database
Relying on outdated, fragmented, or incomplete information often leads to failure. On the other hand, a construction intelligence database offers real-time information, helping companies make informed decisions! It also reduces risks and finds profitable opportunities.
What to Look for in A Database Platform for Construction Projects in the UAE
Know What’s Happening Before Your Competitors Do
Construction projects are changing! With a reliable tracking system, key opportunities can be discovered. When choosing a powerful database, it should provide real-time insights into projects at every stage, including planned, under construction, and completed developments. And, it should also offer sector-specific insights across commercial, industrial, infrastructure, energy, and utilities. These development phase breakdowns often help businesses understand potential risks, allocate resources in an efficient way, and align with project timelines.
Real-Time Market Analysis
In the construction industry, there are different factors like price volatility, regulatory changes, labour costs, and project viability, etc. A good construction intelligence platform should offer cost benchmarking to understand how construction costs compare across regions. It should also provide real insights to help businesses assess market trends before submitting bids. Plus, you can keep track of government policies and investment trends to stay compliant and capitalize on new opportunities.
As per the latest report, Dubai was ranked the 28th most expensive place for construction globally, with costs at $1,455 per square meter. It’s high time you use a reliable online database to get the right insights to optimise profitability.
Access to Key Industry Contacts
A network is equally important as knowledge in construction. The right database for construction projects in the UAE doesn’t just provide numbers—it connects you with the decision-makers who shape the industry.
A top-tier database should include verified lists of contractors, consultants, suppliers, and developers. This allows businesses to identify and approach key players efficiently.
When you have access to project ownership details enables direct connections with stakeholders, shortening sales cycles and increasing deal closure rates.
Advanced Analytics
Making decisions based on gut feeling is not an ideal option. Data-driven analysis helps businesses prepare for the market conditions, anticipate risks, and identify profitable sectors.
A powerful database should provide insights into the mega-project pipeline, investment trends, and projected spending.
Why PROJECT INTEL?
If you want to understand the rapidly expanding construction market, PROJECT INTEL is the go-to database platform for construction in the UAE.
It tracks over 6,973 active projects in the UAE worth an estimated $973 billion.
Our robust platform offers in-depth sector segmentation, including commercial, industrial, infrastructure, energy, and utilities.
Users gain exclusive insights into market trends, sales leads, and project developments and more!
More importantly, it connects businesses with key contractors, consultants, and stakeholders!
Request a demo today!