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Construction costs down 71% since Aug

Discussion in 'Dubai property' started by PropGuy, Feb 7, 2009.

  1. PropGuy

    PropGuy New Member

  2. georgihh

    georgihh New Member

  3. mpat

    mpat New Member



    Rightly said; I spoke to a developer and was surprised when he told me that if there is any reduction in steel , cement or construction price , we ( developer ) get benefitted as well as the contractor becos then we re negotiate the contract value.

    I guess this is one of the reason that many projects are seen on hold ( mid way of construction ) , developers are bargaining with poor construction companies. . .
     
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