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Northpoint update

New rules for Dubai residency

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Northpoint update

Through April 2009 the Northpoint development continued to make progress despite the Songkran Holiday shutdown period. The demolition works at the beachfront sales offices and show unit building are now practically complete allowing for imminent commencement of the landscape package works to the 12-rai site.
The new show units and sales offices have been re-located to level 3 of tower A and are facilitated by a new covered walkway that has been constructed between the sales office car park and Tower A.
Mechanical, Electrical and Plumbing first fix installations have progressed towards the penthouse levels, and the second fix installations are progressing significantly at both towers. The lift package works are due to be commissioned shortly for temporary services during the works and are significantly advanced in terms of overall progress.
The external walls surface preparation and Lanko skim coat application is ongoing and will soon be ready to receive textured and flat paint decorative applications. Internal block work walls and plastering have been substantially completed, followed closely by installation of aluminium and glazing installations to the facade and balconies of the buildings.
Imported floor and wall tiling installation works remain ongoing and have significantly advanced at both towers, internal ceiling installations have passed level 25 in both towers, followed closely by kitchen fit-out and appliance installations; built-in wardrobe installations; vanity units, joinery doors and floors, and frameless shower cubicles. Sanitary ware installations are also making good progress with deliveries ongoing to the site. (Source Raimon Land)

New rules for Dubai residency

Government officials in Dubai are in talks to introduce a new law that would clarify the rules on issuing residency visas to property buyers in Dubai – and it could be introduced as soon as this year.
Traditionally, there has been confusion around the promise that buying a freehold property in Dubai came with a 99-year residency visa included as part of the deal.
Although there was no law to back this up, many property companies were using it as a sales tool and it helped to seal many deals from international investors keen to nab a UAE visa as part of their property package.
Now, Government officials have said that the property companies didn’t have the right to offer the visa promise and that new laws are needed to clear up any lingering confusion.
Hamad Buamim, Director General of the Dubai Chamber of Commerce and Industry said, “We believe this has to be cleared up. We raised it to the Government and the Government came back and said there is a law that will come very soon and we feel it has to come.
“The law will clarify who deserves a visa in terms of their investment in the real estate,” he added.
Although there are rumours that the law will be passed this year, it may well be a long drawn out process as it has to come through a decree issued by the Government, seconded by the Ministry of Interior and then approved by the immigration authorities.
It is clearly very important to get this matter clarified as soon as possible as many people are still under the impression that purchasing a freehold property is all they need to do in order to secure a residency visa for Dubai, but that is not the case and there are no laws backing that claim up. (Source PR Log)

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