Doha, Dubai among cheapest cities for construction

Doha and Dubai rank amongst the least expensive cities in the world for construction, according to the AIC Cost Index.

GCC markets benefit from access to low-cost labour and energy, according to the study.

Even so, the cities are amongst the most expensive in the Middle East when it comes to construction costs. Regionally, Doha is the most expensive city in which to build, followed by Jeddah and Dubai.

The findings of the index, which analyses the relative cost of construction across 44 major global cities, underline the impact of strong currency performance and the fall in the price of oil in the Middle East