Dubai World Central signs landmark agreement with Dubai land Department
Dubai World Central (DWC) - the upcoming massive 140 square kilometre city-within-a-city in Jebel Ali, has signed a Memorandum of Understanding (MoU) with the Dubai Governments Land Department to provide land estimation, acquisitions and sales, as well as legal and electronic linking services to DWC staff, developers and investors.
Key investors across DWC free zones centred around the Dubai World Central International Airport (JXB) - Dubai Logistics City and DWC Aviation City, as well real estate components like DWC Residential City, DWC Commercial City and DWC Golf City will gather learnings from the Land Departments 47 year old history.
The Dubai World Central project has received tremendous support from the Dubai Government ever since its launch, which in turn has helped us continue the development in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said Khalid bin Harib, CEO, Real Estate, Dubai World Central.
This MoU will allow DWC and the Land Department to formulate a proper training programme that will especially enable DWCs real estate staff to understand the processes, mechanisms and systems of land sales and management.
Besides it will also provide an insight into the preparation of necessary paperwork through e-training, procedures for land sales, acquisition and registration, in addition to mortgage on property, land and structures through electronic linking. All of this will be done in a timely and efficient manner, assisting the projects growth at a stable pace and the beginning of operations as planned by end-2008. The electronic link between Dubai World Central and the Dubai Governments Land Department will allow instant completion of procedures relating to land registration and facilitate legal proceedings relating to assessors and contractors.
Currently, grading work is underway on DWC Residential Citys phase one and construction is expected to commence by January 2008.
DWC provides for mid-income housing at DWC Residential City while DWC Commercial City will have a mixed-use development. DWC Golf City is being designed for premium living with all DWC residents having access to the best amenities being developed by Dubai World Central. Source
Key investors across DWC free zones centred around the Dubai World Central International Airport (JXB) - Dubai Logistics City and DWC Aviation City, as well real estate components like DWC Residential City, DWC Commercial City and DWC Golf City will gather learnings from the Land Departments 47 year old history.
The Dubai World Central project has received tremendous support from the Dubai Government ever since its launch, which in turn has helped us continue the development in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said Khalid bin Harib, CEO, Real Estate, Dubai World Central.
This MoU will allow DWC and the Land Department to formulate a proper training programme that will especially enable DWCs real estate staff to understand the processes, mechanisms and systems of land sales and management.
Besides it will also provide an insight into the preparation of necessary paperwork through e-training, procedures for land sales, acquisition and registration, in addition to mortgage on property, land and structures through electronic linking. All of this will be done in a timely and efficient manner, assisting the projects growth at a stable pace and the beginning of operations as planned by end-2008. The electronic link between Dubai World Central and the Dubai Governments Land Department will allow instant completion of procedures relating to land registration and facilitate legal proceedings relating to assessors and contractors.
Currently, grading work is underway on DWC Residential Citys phase one and construction is expected to commence by January 2008.
DWC provides for mid-income housing at DWC Residential City while DWC Commercial City will have a mixed-use development. DWC Golf City is being designed for premium living with all DWC residents having access to the best amenities being developed by Dubai World Central. Source
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