Posts Tagged ‘DMCC’

JLT District – Trouble & Problems

JLT District at Shaikh Zayed Road is under DMCC control in terms of lease & licensing.JLT District alongside Shaikh Zayed Road Dubai

90% of JLT structures are complete ready for possession & lease, however a survey conducted revealed that the office bearers at the DMCC lack professionalism. Instead of ‘luring customers’ they are whisking away prospective customer.

Despite the fact that Free Zone policies have improved over 2 decades in UAE  generally and in Dubai specifically, and there are well defined parameters for lease, licensing people at DMCC stick to the BOOK of 80’s., when it comes to accomodating & facilitating. The investors randomly interviewed investors/owners of properties revealed that – for example, – companies already operating in freezones at other UAE states( find JLT Dubai – area NOW attractive) are asked to submit paper work all fresh and current dated. Arabic translation of existing documents within UAE is not an issue but getting documents freshly prepared & attested by the UAE emabssy of parent country (incase of branch office of foreign company)  is a great hassle. Plus the time frame for the processings of paper work is minimum of 120 days, after which a provisional approval for 30 days is allowed to acquire the rental place., which again require clearence of DMCC -JLT builidng control & safety departments again taking 24 – 45 days.

The best part is Yet again the property owners have to obtain an NOC for working within the building drawings be approved before the place is leased to a tenant.

If the practical approach of DMCC does not change, and one window operation is not started,  JLT area  is turning as a total failure district for commercial purposes,  despite being along side the metro line.  

anyone reading this with links to Power corridors shall raise the issue., and resolve it, or else JLT will be a ghost district.

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