demand pushes building material prices higher
Last Updated : GMT 11:03:35
Arab Today, arab today
Arab Today, arab today

Demand pushes building material prices higher

Arab Today, arab today

Arab Today, arab today Demand pushes building material prices higher

Abu Dhabi - Arabstoday

A lack of supply and increasing demand is pushing up prices of building materials in the UAE, according to the latest statistics released by Abu Dhabi government. The numbers, released by the Statistics Centre Abu Dhabi (SCAD) yesterday, showed that the price of some building materials had surged in June compared to a month earlier. The price of power cables rose 44.1 per cent in June a year on, while the average rents of transport equipment used for construction surged 37 per cent year on. During the same month, prices of aggregates and sand shot up 29.9 per cent year on year and the prices of wires for apartments rose 26 per cent from June 2010. In all, SCAD reported rises in the average prices of 15 out of 21 building material groups during the second quarter of 2011 compared with the second quarter of 2010. \"It seems the demand pressure is mounting. Domestic supply is unable to cope with the increasing demand. Part of this shortage could be imported,\" Mohammad Amerah, an Abu Dhabi-based economist told Gulf News. \"Prices of imported building materials are going up, The devaluation of the US dollar is a major factor behind the price increases,\" he added. Amerah said contractors should think of forming a consortium to negotiate better prices for imported building materials and should try to import them from cheaper markets. The SCAD report presents an analysis of the price movements of various materials used in the construction industry in Abu Dhabi market in June and the second quarter of 2011. SCAD\'s monthly report of building material price surveys the cost of 21 groups of commodities and services that represent the key materials used in construction activity, including cement, sand, wood, steel, concrete and cement blocks. The largest drop in June was in the price of glass, which plummeted 23.2 per cent compared with May, followed by drop in prices of bathroom sets and stainless steel sinks, which declined 10 per cent each compared with prices a month earlier, SCAD figures showed. From / Gulf News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

demand pushes building material prices higher demand pushes building material prices higher

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

demand pushes building material prices higher demand pushes building material prices higher

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday