DubaiLandHomes

Steel Mills to be built in in the UAE

With the cost of rising steel prices and the huge demand being created from the real estate industry in the Middle East it as been announced that 46 steel mills will be built in the region, with the world's shortage of steel and the sheer demand that is been consumed in the creation of Gulf Coast Homes it is seen as a major threat in halting the economic boom in the real estate industry. Steel prices globally have seen significant rises with speculators increasing prices in excess of 20% on the Global market and specific types of steel significantly more.

A significant amount of steel is used in reinforcing the concrete in the Construction of Gulf Coast homes and with the real estate boom in the Emirates of Dubai and Abu Dhabi cost effective supply is a concern, Cement is the other commodity a bag of cement now costing significantly more than 12 months ago and has experienced significant rises this year alone again the UAE construction industry leading to shortages and possible building deadlines, with strict deadlines laid down to the real estate industry in relation to timing plans for homes in Dubailand by the Dubai Goverment any delays can't be allowed .