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Building contractors in UAE by riley luke
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Building contractors in UAE |
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Business
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The fields of real estate has faced several challenges that have in part risen due to the many building contractors in UAE. The enterprises has seen a lack of contractors with the resources to deliver projects on time and in keeping with the stipulations of the clients. UAE experienced a severe shortage of skilled labour, which was one of the major reasons for such an impact on the firms functioning as the building contractors. However, the soaring cost of building materials must and is obviously the important reason that had a negative impact on the businesses With a large number of skilled labourers leaving the country there has been labour shortage that has fuelled soaring building costs in Abu Dhabi. In the opinions of some of UAE’s leading real estate developers the many building contractors in UAE have been making considerable efforts to reduce the rise in the cost of the building materials that is caused by the fuelled local and global forces. Besides, the record oil prices that have affected the costs are also being dealt with. The labour shortage that UAE faced is generally attributed to the deportation of hundreds of thousands of illegal workers. This move was executed by the government in a bid to solve the demographic imbalance and to end the many strikes that labourers have launched owing to the rise in the cost of living. During this period, experts in the markets of building contractors in UAE calculated the rise in the building material prices to be an average of fifty per cent. While this was the case for most products, certain materials showed even greater inflation. Besides, the many building contractors have ensured that they modify their schedules to avoid delays in the delivery of projects. Besides, many firms have begun to adopt approaches like the launching projects aimed to cater to middle income groups. While the commerces is host to several reliable contractors the lack of proper labour and the soaring prices of building materials have influenced this change in the trades of building contractors in UAE by a great deal. Besides, several firms have been seeking alliances with the many real estate developers in an attempt to work together to control construction costs. Such partnerships between real estate agents and building contractors in UAE have become quite commonplace as has been the growth of the industry. Such moves have reduced the pressure placed on building contractors in UAE. However, contractors have said that the need for assistance from public sector is quite vital for the growth of the fields In response to these developments the government has exempted cement and steel from customs duties across the UAE. This has considerably stabilized the real estate market and the construction enterprises The contractors, landlords and consumers have gained some respite owing to such moves. To learn more about such developments, visit the websites of the building contractors in UAE .
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