Abu Dhabi Construction Cost Index surges 9.9pc in Q1
01 August 2018
The Construction Cost Index (CCI) in Abu Dhabi reached a level of 103.5 per cent during the first quarter of 2018, an increase of 9.9 per cent compared to the first quarter of 2017, a media report said.
Construction costs also rose during the first quarter of 2018 by 5.6 per cent, compared to the fourth quarter of 2017, reported Emirates news agency Wam, citing statistics issued by the Statistics Centre-Abu Dhabi (SCAD).
The statistics issued by SCAD show that the workforce category was the most important group in the index, and contributed to the rise in average construction cost during the first quarter of 2018, which increased by 19.9 per cent compared to the fourth quarter of the previous year.
The cost of services included in the list also registered a rise of 15.9 per cent, while the increase in the cost of construction materials reached 9.9 per cent, as well as three per cent for mechanical and air-conditioning works, and 1.1 per cent for equipment prices.
The cost of goods and services that are covered by the index were gathered from certified sources in Abu Dhabi, which were chosen as they represent the emirate’s building material and construction services market.
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