Some estimates put the shortage of houses in the emirate as high as 50,000 for 2008_, while the costs for materials such as cement and steel is expected to rise 19% this year.
Interesting that he said that as the prices for both these items has been frozen....
However it just goes to show that a sticker on an F1 car is more important than the houses you put your staff in......
115000/120000 will get you nothing in AUH...