Author: loriegates7

Building Materials price spike is a temporary phenomenon, caused by supply-chain issue

 Founder and Chairman of Danube Group, Rizwan Sajan predicts the building material price fluctuation in the region Prices of building materials have increased suddenly in recent months that has created a temporary hiccup in the market. It might surprise many industry observers as the change in the demand-side situation doesn’t justify the increase in price. However, there is a reason behind the spike. Let us examine the situation. Prices of almost all building materials products have gone up by 25 to 30 percent in the UAE and GCC. Steel prices, for example, have gone up from Dh1,800 to Dh2,600 per ... Read more