Construction Costs Fall 60%

Tuesday, May 05, 2009

Construction costs in the UAE have fallen by an average of 60% from October 2008 levels according to Drake and Scull estimates, Emirates Business has reported. Costs for commercial buildings now average at between Dhs220 and Dhs260 per square foot. Analysts have predicted that prices could fall to 2006 levels.

Source: AME Info

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