According to the Statistics Centre Abu Dhabi, the cost of construction labour in Abu Dhabi fell 8.6% in November from the previous month.

The report revealed that the prices of PVC pipes fell 3.8% last month and the prices of blocks fell 3.4%. UPVC pipe prices fell by 2.8% from October.

SCAD said that on the other hand the prices of sink stainless steel with mixer single increased by 7.3% with prices of items within this group increasing by 3.8% to 10%. The next largest rise was in the prices of wires for apartments which advanced 2.1% followed by false ceilings and tiles and marble.

Mr Mohammad Amerah an Abu Dhabi based economist said that "It seems that there is an excess supply of construction labour in Abu Dhabi. The decline in the prices of some of the building materials reflects a slowdown in construction activity."

Mr David Dudley regional director at Jones Lang LaSalle said that "Abu Dhabi's real estate market has slowed during 2011 due to suppressed demand at a time of increasing supply. Demand has been reduced due to the government cutting back spending on infrastructure investment and economic development initiatives, combined with slowing global economic activity."

(Sourced from Gulf News)