The industry has witnessed a mixed bag in terms of material price movement for the period between Q1 2018 & Q1 2019. The largest shift been the drop of steel rebar by 9%, which correlates with the downward trend of Middle East steel pricing.

The material effect on the cost of construction is dependent on building type, design and specification. On average, the cost of construction between Q1 2018 & Q1 2019 only rose by circa 0.8%.