40 Tecom towers to be completed early this year
At least 40 new buildings will be completed in master developments supervised by the Dubai Technology and Media Free Zone Authority (DTMFZA), aka Known as Tecom Zoning Authority, by early this year, Emirates24|7 can reveal.
“Overall, more than 200 sites are under construction, of which some projects are suspended. The progress of the sites are going on in a normal pace. We expect at least 20 per cent of the buildings to be completed by early 2012,” said Mohamed Al Bahri, Executive Director, Zoning Authority Development Control, Tecom Zoning Authority.
For the first time, the authority has revealed that there are 144 commercial, 288 residential and 25 hotels in master developments supervised by them. It regulates a developed land area of 400 million square feet of which 192 million square feet are constructed areas.
DTMFZA is the sole independent regulator of Dubai Technology and Media Free Zone, which includes nine business parks, managed by Tecom Investments. The business parks are Dubai Internet City, Dubai Outsource Zone, Dubai Media City, Dubai Studio City, International Media Production Zone, Dubai Knowledge Village, Dubai International Academic City, DuBiotech and the Energy and Environment Park (Enpark).
Asked how the authority was planning to use the remaining land, Al Bahri revealed that a new master plan development is being charted out in close coordination with the master developers to suit the current market needs.
He also disclosed that over 170 new building permits had been issued up to mid-November.
Asked what action does the authority take against developers who have stopped construction and have left the project site mucky, Al Bahri said that they pay close attention to what the residential community says.
“We invite any resident who has been inconvenienced by suspended activity in their neighbourhood to register a complaint on our website.
He added it was not always practically feasible to back-fill an excavated site especially when work is expected to resume in the short-term.
“When it comes to suspended projects, it is also vital to understand the framework within which we operate. DTMFZA is part of the joint action committee set up and mandated by the government of Dubai to pay attention to the specific needs of suspended projects.”
The committee largely assists all developers who own suspended sites and see how such projects can be facilitated.
“So you can see that there is a wider mechanism in place to cater to the needs of stalled projects,” Al Bahri stated.
Last week, this website reported that the authority had given 12 unfinished towers the green signal to convert from commercial to either residential, healthcare or hotel in 2011.
“[In 2011], we received requests from master developers for changes related to 15 projects. These changes pertain to conversion of commercial buildings into residential, hotel or hotel apartments, or healthcare facilities,” Al Bahri had said.
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