Construction costs went down during the
first quarter of 2019 by 0.36 percent, compared to the fourth quarter of 2018,
the Dubai Statistics Center (DSC) reported.
It was found that the construction costs
went down by 0.29 percent for residential buildings and by 0.069 percent of
non-residential buildings.
It is noted that the Construction Cost
Index (CCI) in Dubai stood at a rise by 1.51 percent when comparing CCI of the
first quarter of 2019 to the first quarter of 2018 due to a surge in
construction cost of residential units by 1.53 percent and by 1.34 percent for
non-residential units, a DSC report said.
Construction Costs Movement during Q1-19
Compared to Q4-18
General Index of Construction Costs
The statistics issued by DSC show that
the raw materials and materials used in the construction of buildings dropped
by 0.01 percent due to a decline in Manufacturing Group by 0.04 percent.
Additionally, prices of wages,
equipment, labor, and other costs category went down by 0.88 percent due to a
decline in the cost of hiring equipment by 1.77 percent.
Residential Buildings
The statistics also showed that the raw
materials and materials used in the construction of residential buildings went
down by 0.03 percent due to a decline in Manufacturing Group by 0.07 percent.
Additionally, prices of wages,
equipment, labor, and other costs category decreased by 0.70 due to a decline
in the cost of hiring equipment by 1.77 percent.
Non-Residential Buildings
The raw materials and materials used in
the construction of residential buildings increased by 0.08 percent. The surge
in prices is attributed to a rise in prices of Mining Materials and Quarrying
Group by 0.67 percent and Manufacturing Group by 0.05 percent.
Moreover, prices of wages, equipment,
labor, and other costs category dropped by 1.57 percent due to a drop in the
cost of hiring equipment by 1.77 percent.
Construction Costs Movement during Q1-19 Compared
to Q1-18
General Index of Construction Costs
The DSC’s statistics also revealed that
the raw materials and materials used in the construction of buildings went up
by 1.51 percent due to a rise in Mining Materials and Quarrying Group by 9.07 percent.
Furthermore, prices of wages, equipment,
labor, and other costs category increased by 3.19 percent due to a surge in
labor wages and other costs by 4.38 percent.
Residential Buildings
The statistics revealed that the raw
materials and materials used in the construction of residential buildings went
up by 1.53 percent due to an increase in Mining Materials and Quarrying Group
by 9.07 percent.
Additionally, prices of wages,
equipment, labor, and other costs category surged by 3.38 percent due to a rise
in labor wages and other costs by 4.38 percent.
Non-Residential Buildings
The raw materials and materials used in
the construction of residential buildings increased by 1.34 percent. The rise
in prices is attributed to a surge in prices of Mining Materials and Quarrying
Group by 9.05 percent.
Additionally, prices of wages,
equipment, labor, and other costs category surged by 2.46 percent due to a rise
in labor wages by 4.38 percent.