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Dubai, United Arab Emirates
Dubai healthcare property market to extend growth as focus on sector sharpens ahead of Expo
Cavendish Maxwell, a leading property consultancy and chartered surveying firm in the Middle East, released its first-ever Dubai Healthcare Property Market Update for 2019-2020. The report explores key themes including the availability of healthcare professionals, hospital bed and patient capacity, medical tourism, upcoming projects as well as Dubai’s competitiveness in an international context.
Commenting on the report, Aditi Hariharan, Associate Partner, Strategic Consulting and Research at Cavendish Maxwell, said:
“Being recognised as a
hub for quality healthcare services for residents and medical tourists alike is
high on the UAE government’s agenda. Anticipating the health and wellness needs
of people during Expo 2020 and beyond, health authorities in Dubai are rapidly
advancing on plans to improve hospitals, health centres and clinics, resulting
in a positive outlook for operators, healthcare professionals and the sector
overall.”
Key
sector insights
A total of 26.2% of Dubai’s population is aged 40 and over. In the emirate,
where there is a high incidence of lifestyle related diseases such as diabetes,
coronary problems and other obesity-related ailments, 70-80% of healthcare
problems in people occur after age 40, corresponding to an increase in the
demand for healthcare services and related facilities.
Between 2010-2018, Dubai’s healthcare industry, particularly the private sector, experienced substantial growth – the total number of private hospitals increased from 19 to 25, registering a CAGR of 3%. In 2017, DHA announced that 12 private hospitals will be opened by 2020 with an expected capacity of 875 beds.
According to DHA data, as of 2017, Dubai had one of the highest physician-to-population ratios in the world. With the expanding population and a rise in the number of hospitals, total physician population in Dubai is projected to reach 11,247 in 2020 from an estimated 9,472 in 2018, implying a CAGR of 9%.
Beginning 2010, the number of nurses in Dubai increased compared to physicians as a result of the UAE’s efforts to address a nursing shortage, caused due to low wages, low status and limited career progression, according to the Nursing and Midwifery Council of the UAE. Future projections state that the number of nurses is expected to rise to 23,617 in 2020 at a CAGR of 10%.
Dubai attracted 337,011 international health tourists in 2018, of which 46% visited for dental treatments, followed by orthopedics (18%) and dermatology (10%). With government initiatives such as the Dubai Health Experience, Dubai aims to attract 500,000 medical tourists by 2021.
To read the full report with details on specific locations, download your copy here:
https://cavendishmaxwell.com/insights/reports-and-whitepapers/dubai-healthcare-property-market-update-2019-2020
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Sarah-Jane Carter
BA (Hons) DipM
Head of Marketing
Sarah-Jane joined Cavendish Maxwell in January 2020 as Head of Marketing and is responsible for the development of the marketing strategy and execution across the Middle East region. An energetic and results driven marketer, Sarah-Jane possesses a wealth of multi-channel marketing experience, within both B2B and B2C environments which she has gained over a 25 year career. Prior to joining Cavendish Maxwell, Sarah-Jane held senior marketing positions for major developers in Dubai including Emaar, Dubai Properties and Dubai Sports City. She also worked for IWG as the Regional Marketing Director responsible for the MEA and APAC regions. Before relocating to the UAE in 2005, Sarah-Jane held various management roles in public and private sector companies in the UK including ten years at Royal Mail and seven years at the Bank of America.
Sarah-Jane is a member of the Chartered Institute of Marketing and has a BA(Hons) Degree in Business and Marketing
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