"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 DWC's 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 project's 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 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 learnings 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 Sultan Bin Mujrin, General Manager of Dubai Land Department, Dubai Government.
"Our department will provide DWC staff with the best property and land development training, allowing them to serve the project and the emirate better. More so, the Land Department will also provide legal advice when needed and organise bidding on lands and projects around DWC."
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.
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Posted by Anne-Birte Stensgaard, Senior News Editor
