The apartments of Tamweel Tower in Jumeirah Lake Towers, which were gutted by the fire earlier this month, will most likely be restored to their original state of handover, and the building will be restored according to the latest safety standards.
Tamweel Tower will most probably be restored and the apartments refurbished to their original state of handover.
This was good news delivered to the owners of Tamweel Tower during the first Owners Association (OA) meeting since the fire.
Although it could not yet be said with certainty, Nasr Habashy, Head of the Legal Commission of the OA, explained that the insurance company aligned with Tamweel had concluded its investigation and was now finalising the loss assessment of the building.
"There is a limited exclusion policy, which would exclude coverage under exceptional conditions such as a terrorist attack. But currently nothing seems to indicate that there is anything wrong. The apartments will most probably be restored to their original state of handover.
“Furthermore, new safety measures will be taken into account and the building will be restored accordingly."
The news was received with applause, but there were concerns among the landlords too.
“What are we supposed to do after one month?” asked Sumita, a resident owning two units in the tower, one of which she and her family occupied.
“I have my tenants to worry about and myself. Where are we supposed to go? I do not have the money in my account, not everybody has the financial strength to recover.”
During the meeting with OA, Tamweel announced that the mortgage installments would be frozen until the apartments were available for use. The move gives owners the financial opportunity to look out for alternative accommodation.
But according to Sumita things had to be addressed more clearly. “For how long will I be without an apartment? What do I tell my tenants? Should we wait or look for an alternative?”
These questions could not be answered with certainty. However, it is believed that the restoration process could take longer than seven months and it was advised to the owners to inform tenants to find another accommodation.
Owners were further informed that in case of damage to a vehicle, this damage should be reported at Jebel Ali Police Station, as well as the damage done to the apartments. Proper documentation is required and the report should be filed by the apartment occupant.