Dubai's Construction Cost Index rose by 6.06 per cent in the fourth quarter compared to the same period in 2018 mainly driven by 6.14 per cent jump in residential buildings costs and 5.81 per cent increase in non-residential towers, said a report.

Construction costs in Dubai rose during the fourth quarter of 2018 by 0.16 per cent, compared to the previous quarter, reported state news agency Wam, citing figures from the Dubai Statistics Centre (DSC).

The construction costs increased by 0.14 per cent for residential buildings and by 0.23 per cent for non-residential buildings, it stated.

The statistics issued by DSC show that the raw materials and materials used in the construction of buildings went down by 0.23 per cent due to a decline in manufacturing group by 0.31 per cent despite a rise in prices of mining materials and quarrying group by 1.38 per cent.

Meanwhile, prices of wages, equipment, labour and other costs category increased by 0.73 per cent due to a rise in labour wages and other costs by 0.79 per cent in spit of the decline in the cost of hiring equipment by 0.52 per cent.

The statistics also showed that the raw materials and materials used in the construction of residential buildings dropped by 0.23 per cent due to a decline in prices of the manufacturing group by 0.32 per cent, considering mining materials and quarrying group went up by 1.38 per cent.

Additionally, prices of wages, equipment, labour and other costs category rose by 0.73 per cent due to a jump in labour wages and other costs by 0.79 per cent despite the fact that the cost of hiring equipment went down by 0.52 per cent.

The raw material and material used in the construction of non-residential buildings shrank by 0.20 per cent. This was mainly due to a fall in prices of the manufacturing group by 0.28 percent, while prices of mining materials and quarrying group went up by 1.35 per cent, said the Wam report.

Moreover, prices of wages, equipment, labour and other costs category rose by 0.72 per cent due to a rise in labour pay and other costs by 0.79 per cent despite the cost of hiring equipment went down by 0.52 per cent.

The DSC's statistics also revealed that the raw material and material used in the construction of buildings went up by 7.14 per cent due to a rise in prices of mining materials and quarrying group by 14.24 percent and manufacturing group by 6.76 per cent.

Furthermore, prices of wages, equipment, labour and other costs category increased by 4.52 per cent due to a surge in labour wages and other costs by 4.93 per cent and cost of hiring equipment by 4.5 per cent, it added.