Friday 14 August 2020
 
»
 
»
Story

Abu Dhabi's construction cost index stable in Q1

ABU DHABI, July 10, 2020

Abu Dhabi's construction cost index (CCI) remained unchanged in the first quarter compared to the same period last year with the index at 98 per cent in both corresponding quarters, according to the figures released by Statistics Centre - Abu Dhabi (SCAD). 
 
The figures showed that the CCI decreased by 0.4 per cent in the first quarter compared with the fourth quarter of 2019. 
 
The CCI is an important statistical indicator for the purposes of planning and research in various disciplines. 
 
The index decreased from 98.4 per cent in the fourth quarter of 2019 to 98 perc ent in the first quarter of 2020.
 
Prices of the ‘manpower’ group decreased by 2.8 per cent in the first quarter of 2020 compared with the first quarter of 2019, while prices of groups of construction materials and mechanical works - A/C decreased by 2.6 per cent and 2.2 per cent respectively.-TradeArabia News Service



Tags:

More Construction & Real Estate Stories

calendarCalendar of Events

Ads