19
Jun

Abu Dhabi building material prices down in May – Trade Arabia

The prices of building materials in Abu Dhabi, UAE, last month underwent noticeable changes, with average prices of items in 16 categories witnessing a sharp fall compared to the same period last year, according to a report.

The report was part of the monthly publication of Building Materials Price Statistics issued by the Statistics Centre- Abu Dhabi.

The figures listed by the report is of great significance as building material prices are deemed to be important economic indicators for planning and research in various fields, reported state news agency Wam.
 
They are also used in the compilation of indices of the construction activity and for the calculation of gross domestic product (GDP) at constant prices.

According to the report, average prices of ‘glass’ rose by 7.8 per cent; ‘dyes’ by 5.5 per cent; and ‘insulation materials’ by 3 per cent during the month of May as compared to April 2017.

In the meantime, prices of ‘natural stones” decreased by 5.4 per cent; ‘false ceiling’ by 3.1 per cent; and ‘wires apartment’ by 2 per cent in May compared to the previous month.

Additionally, ‘diesel’ prices increased by 23.1 per cent; with ‘electric cables’ up 9.4 per cent during May over the same period last year, stated the report.

Average prices of ‘iron’ fell by 10.6 per cent; and ‘wood’ by 9.5 per cent during May over the same period last year, it added.

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