DUBAI SETS UP REAL ESTATE CORPORATION

The UAE Vice President and Prime Minister and Ruler of Dubai, H.H. Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as Ruler of Dubai, has issued a decree establishing Dubai Real Estate Corporation, which shall be a public commercial institution, affiliated to the Dubai Executive Council.

The new body shall own and manage all properties registered under the name of Dubai Government, including building, investing and utilizing of commercial and industrial lands and properties situated in the emirate.

It shall also provide building, rental, marketing, as well as commercial and real estate building management services by providing the necessary infrastructure and any other services that would help achieve the targeted objectives for which the corporation was established.

The corporation shall also have the freedom to sign agreement with institutions, persons and companies it deems appropriate within its areas of jurisdiction and prerogatives. It shall also team up with other concerned authorities to make contributions to any civil planning and organisation.

The board shall manage the corporation and shall be in charge of the general supervision of its administrative, technical and financial affairs.

It shall also take the necessary decisions and steps to achieve the corporation’s objectives. This will include the drawing of the general policy of the corporation, the programmes of its projects and the approval of its draft budget, which the board shall refer to the Dubai Executive Council for endorsement.

The board shall also prepare the organisational structure and bye laws dealing with the organising of the corporation’s administrative, financial and technical aspects. It shall also appoint auditors and determine their remunerations at the beginning of every year.

It is also the prerogative of the council to mandate the chief executive of the corporation to exercise a number of authorities and make decisions he saw appropriate for achieving the corporation’s objectives, including the general supervision of the corporation’s activities, the drawing and implementation of its strategic policies after getting the board’s approval, making suggestions on new programmes and projects and investing the corporation’s funds in projects that fall under the corporation’s general policies.

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TOWING BIKES TO AVERT TRAFFIC CONGESTION

The Roads & Transport Authority (RTA) has launched rapid deployment bikes for towing faulty vehicles or vehicles involved in minor traffic accidents off the road to ease traffic jams.

Such bikes are the first of their kind to be used in the Middle East and the UAE has become the fourth country worldwide that uses these vehicles as a means of rapid deployment to recover faulty vehicles, maintain traffic flow and ease traffic congestions.
Studies conducted by the RTA reveal that emergencies and traffic accidents are among the key factors of road jams and account for 16% of the traffic congestion.

This ignited the idea of introducing Honda Goldwing Bikes; each capable of towing a 2.5 ton vehicle at a speed of 30 kph. It could be smoothly driven and maneuvered between vehicles on congested roads; thanks to its miniature size (width is 95cm only).

The rapid deployment bikes, which are electronically linked to the traffic systems of the RTA, will tow away the vehicles which suddenly breakdown on the roads and dispose them within minutes to avert any traffic bottlenecks or jams.The service will be operational between 6 am and 9 pm; which is the period that witnesses the peak of traffic jams. In the first stage of the experiment four bikes will be deployed to cover key spots in the city of Dubai, in which breakdowns or accidents cause serious traffic jams, namely Sheikh Zayed Rd, Al Shindagha Tunnel, Al Maktoum Bridge and Al Garhoud Bridge.

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DUBAI GETS MORE RUSSIAN TOURISTS

The Dubai Department of Tourism and Commerce Marketing (DTCM), in association with the Russian tour operator, Intravel Stoleshniki and Royal Park Tourism, hosted 25 leading Russian tour operators and travel agents for a five-day familiarization tour of the emirate.

The support was part of the endeavors to promote Dubai in different parts of the world, especially in established source markets like Russia.

As part of the tour, a conference entitled Dubai –Year Round Destination was held at the Habtoor Grand Resort and Spa.
Mr. Abdullah bin Suwaidan, DTCM Deputy Director Missions, outlined the evolution of Dubai , DTCM initiatives to promote and market Dubai across the world, and a variety of multi-million dirham infrastructure and tourism-related projects.

The conference was also addressed by representatives from Royal Park Tourism, Intravel Stoleshniki, VIM-Avia, Emirates Airlines and some Dubai hotels.

The delegation visited Nakheel Properties, Burj Dubai Presentation Centre, Dubai Festival City, Ski Dubai and the Mall of the Emirates.

Last year 422,229 tourists from Russia, Central Asia and Baltic countries stayed at Dubai hotels.