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UAE- Building materials' rates fall in Dec: Scad report  Join our daily free Newsletter

MENAFN - Khaleej Times - 20/01/2013

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(MENAFN - Khaleej Times) Statistics Centre, Abu Dhabi (Scad) issued on Saturday its monthly report on the prices of building materials for the month of December and fourth quarter of 2012.

The report presents an analysis of the movements in the prices of the various materials used in the construction industry in Abu Dhabi retail market, comparing December 2012 prices with those of November 2012 and December 2011. It also compares prices in fourth quarter of 2012 with third quarter of 2012 and fourth quarter of 2011.

The dissemination of this important report, which presents a wide range of price data, is intended to serve the needs of data users in the public and private sectors for the purposes of research, planning and decision making in ways that support the construction sector as well as related and dependent sectors.

Building materials prices: December/November 2012

Varying changes were reported in the average prices of building materials during December 2012 compared with November 2012, with increases ranging between 0.2 per cent for the wires for small building group and 12 per cent for the construction labour costs group. Price falls were also recorded between the periods compared, ranging between 0.1 per cent for the tiles and marble group and 2.3 per cent for the steel group.

Average construction labour costs increased by 12 per cent in December compared with November 2012, reflecting rises in wages for most of the trades under this group, ranging from 7.1 per cent to 18.8 per cent. The average prices of power cable advanced by 1.1 per cent in December 2012, as a result of increases in most of the items of this group.

The waterproofing products group increased by 4.6 per cent in December compared with November 2012, as a result of increases in most of the items within this group in the range of 6.3 per cent for bitumen/oxidised hot (115/15) primer 180 kg/S. Arabian and 11.6 per cent for bitumen/60/70/tonne.

SCAD reported an increase of 1.9 per cent in the average prices of the cement group in December compared with November 2012, due to a rise of 6.7 per cent in the price of sulphate resistant/Al- Etihad/UAE cement.

The average prices of wires for residential towers and wires for apartments declined by 1.5 per cent and 0.9 per cent, respectively, while the average price of wires for small building edged up by 0.2 per cent.


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