Tuesday, January 31, 2012
RTA launches new bus route, develop others
The new route links the International City with Warsan 3
The Roads & Transport Authority – Nashwan Attaa'ee:
The Roads & Transport Authority (RTA) has announced the launch of a new bus route on Feb 3 to link the International City with Warsan 3 and the service will be operational on Fridays.
The move has been taken as part of RTA's efforts to play an active role in booting the integration of a sophisticated public transit network.
Commenting on the above, Ahmed Mohammed Al Hammadi, Acting CEO of RTA Public Transport Agency, said: "The Bus Dep't of Public Transport Agency will launch on Feb 3 a new route in Dubai Emirate named as Route (333) with a path connecting several localities including Warsan (2) as well as other vital spots within the International City such as the Post Office (2), Dragon Mart, and Civil Defence (1). It also links key spots at Warsan (2) such as Workers Compound (2), and Trucks Parking (2) in addition to key areas at Warsan (3) such as Khawaneej Flowers Nursery, and Nad El Sheba Nursery among other key areas covered by this route."
Transit services on other routes have also been upgraded such as extending the path of Route (C14) to Al Nahdah (1) to reach May Tower. The path of Route (22) has also been modified to serve Dubai Courts in the direction of the Dubai Healthcare City, Route (F16) has been modified to start from the Business Bay Metro Station where the route has been adjusted at Al Wasl Street and Jumeirah. The path of Route (F60) at Safa has also been modified, and the path of Route (F48) has been modified to the Dubai Investment Park, particularly Madina Supermarket. Moreover, the path of Route (365) at the Dubai Silicon Valley to serve IT Plaza, and the path of Route (F44) at the Jebel Ali area has been modified.
"The RTA is keen on widening & upgrading the public transport network to keep abreast of the urbanization drive and the economic growth in Dubai Emirate. The public transport routes are one of the key strategic initiatives & key pillars of raising the percentage of trips made by public transport means through enticing various segments of the community to use mass transit systems in their daily travels. Such a practice is poised to have positive impacts on traffic flow and cleaning the environment since the rise in the public transport riders will curtail traffic congestions & crashes, raise traffic safety and considerably minimize the environmental pollution triggered by the massive numbers of private vehicles.
Monday, January 30, 2012
Sunday, January 29, 2012
RERA approves Oceana community service charge
Stakeholders of Oceana Residence agree after a thorough internal process and commitment to transparency - AED17.50 per square foot
As issues concerning the transparency and breakdown of service charges across the emirate’s property market continue to fuel debate amongst owners and developers, Asteco Property Management reports that Dubai’s Real Estate Regulatory Authority (RERA) has approved the 2012 service charge budget for its Oceana residential and resort community on The Palm Jumeirah, Dubai.
Commenting on the announcement, John Stevens, Director, Asteco Property Management, said: “This is not the first complex in the city to receive approval, but as a mixed-use resort community with multiple facets, naturally we are pleased to conclude this issue with the full cooperation and involvement of the Interim Owners Association Board.
“In order to reach the final budget figure we had to detail the expenses for all of the buildings within the development, calculate the applicable fees for the communal areas and also the proportion of services utilised by the hotel and commercial elements, compared to the residential units,” he added.
To ensure that owners across the different asset classes of the community are being treated with parity, Asteco Property Management retendered all building services, which included detailed negotiations with the relevant sub-contracted companies, in order to present a mutually acceptable budget figure of AED17.50 per square foot. Compared to the previous figure there is a 30% reduction and the budget figure is in line with similar developments on the Palm Jumeirah.
“Our commitment to supporting transparency across the emirate’s real estate sector, particularly in the high profile area of service charges, saw us engage with Oceana’s developer, the Interim Owners Association and building management group through each stage of this comprehensive exercise,” said Stevens.
“The meticulous Asteco budgetary process is in line with the stringent requirements and spirit of the jointly owned property law, and is a model that we apply throughout our property portfolio,” he added.
Asteco, a major regional and international real estate services firm and the largest property services company in the United Arab Emirates, was founded in Dubai in 1985. Asteco offers independent market analysis, design development consultancy and valuation services, sales and leasing services, as well as asset management and property management services.
Oceana is a mixed use beachfront hotel, commercial and residential resort community with 644 residences, centrally located on the trunk of The Palm with private beach access. The development also offers the popular West 14th New York style steakhouse.