DWC signs MoU with Land Dept
Dubai , September 25, 2007
Dubai World Central (DWC) has signed a memorandum of understanding (MoU) with the Dubai Land Department (DLD).
As per the MoU, DWC, the upcoming massive 140 sq km city-within-a-city in Jebel Ali, will 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 as real estate components like DWC Residential City, DWC Commercial City and DWC Golf City will gather information from the Land Department's 47-year old history, according to an official spokesman.
'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 Vice-President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum,' said CEO, Real Estate, Dubai World Central, Khalid bin Harib.
'This MoU will allow DWC and the Land Department to formulate a proper training programme that will especially enable DWC's real estate staff to understand the processes, mechanisms and systems of land sales and management,' he added.
The electronic link between Dubai World Central and the Dubai Government's 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 City's phase one and construction is expected to commence by January 2008.
'The Dubai Land Department has the right information from our long existence which we can share with this huge city which will one day be a landmark not just for the UAE but for this entire region,' said general manager of Dubai Land Department, Dubai Government, Sultan Bin Mujrin.
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 DWC. - Trade Arabia News Service