Miscellaneous Questions: Post them here

[Liton Miah]

Does anybody know the answers to my questions below, grateful if you could help?

• When and how do I apply for a residency visa
• Do I need to open a bank account in Dubai for the rental income

[wayneis]

There has been past speculation and comment on possible location of a future Metro line that would include International City. This prompted me to write an email to the RTA to here what their response was to such claims.
Unfortunately at present nothing on the drawing board for I.C.

You can read past comments on this thread here
Short answer No.
Long answer maybe.

Here is a response obtained from Mohamed Essa Al Rowaished

Deputy Director & Rail Design Manger
ٌRTA - Rail Agency
1st August 2007

Dear XXXX XXXXX

Thank you for email query.

There is indeed much publicity and media coverage on the various routes and areas that both the Red and Green Lines will eventually serve. We also received many queries regarding new future lines despite the Dubai Metro still being under construction.

On whether Metro route will serve/pass/or will be close line to the international city, this has not yet been decided as it depends very much on the transportation demands from the public and the business community. We will consider extending the lines to the area if the results of our detail studies indicate a strong justification for us to do so.

We will continue to review our transportation planning needs in particular the rail networks to help serve our community better.

We thank you again for your interest on the development of Dubai Metro.

kind Regards,

Mohamed Essa Al Rowaished

Deputy Director & Rail Design Manger
ٌRTA - Rail Agency

[daredevil]

This was published in Gulf News ... Hope IC gets a Metro line and the property price has a boost

Metro fires up property prices

By Robert Ditcham, Staff Reporter
Published: June 24, 2007, 23:30

Dubai: Demand for real estate near Dubai Metro stations is heating up in response to the rapid physical emergence of the RTA's Dh15.5 billion project, say property consultants and agencies.

Companies and residents on the hunt for real estate are increasingly prioritising locations near metro stations and are willing to pay a premium to avoid congested roads and tolls.

Meanwhile, landlords and real estate developers are responding by heavily marketing links between their properties and the first phase of the metro, which will follow a route along Shaikh Zayed Road and is scheduled to open in September 2009. The second phase will be built mostly underground and should open in March 2010.

The trend means Dubai's future property hot spots will be dictated by proximity to the metro, says Craig Johnson, general manager at real estate consultancy Landmark Properties.

"We have witnessed a huge surge in interest from prospective investors regarding the metro. Proximity to a metro stop has become a leading strategy for investors looking to maximise appreciation on their investments," he said, without specifying expected appreciation rates.

"Significantly, a number of reputable investment funds who are considered particularly astute in the market are targeting property located close to metro stations."

Peter Penhall, CEO of Dubai-based realty portal Gowealthy, said it is hard to estimate appreciation levels or premiums for property near stations, but said it will have a greater chance of holding its value should the market dip.

Recent trend

The seeds for the project were sown 10 years ago when a feasibility study concluded that Dubai could no longer rely on road networks to cater to escalating traffic.

But investor interest in land near the metro has only recently picked up in response to the physical emergence of train lines and station locations, said Ryan Mahoney, managing director at Dubai-based real estate agency Better Homes. "People are realising that the metro is not just a pipedream. Construction work is happening quicker than they had anticipated."

He said prices should appreciate for non-luxury property within walking distance of stations, but said it is unlikely that Dubai's future demographics will change as the project is being built along existing road arteries.

The majority of investor interest so far has been for commercial real estate, he added. "Business owners are thinking about how their mid-level staff will be able to commute to the office, especially as congestion and tolls are considered barriers to road use."

Retail real estate in and around stations will also be attractive to investors because of the guaranteed high shopper footfall that a metro station can provide, said Penhall.

It remains uncertain how close a property must be to a station to command a premium. In cities with moderate climates the distance is up to 400 metres, but in Dubai it will be nearer 100 metres, said Mahoney.

[DOC-KASH]

Planning To Come 2 Dubai This Month.
Can Dubai Residents Tell Me Of A Good Reasonable Hotel To Stay In With A Family Plus Kid.
I Wil Be Gratefull
Dr.kashif

[NOOR]

Hi Doc Kash

It really depends on which part of dubai you want to stay (I mean Deira or Bur Dubai). Following are the few links have a look and decide yourself.


Riviera Hotel - Dubai (Deira Dubai)

Avari Dubai - Home Page (Close to shopping area)

Jumeirah - Dubai - Jumeirah Beach Hotel - Special Offers (next to Wild Wadi park, great for kids

Regards

Noor

[careful]

hi all
has anyone gone thru the visa procedure on ic property. I need info on the fee and the time it took. where to go and what to do kinda info will be appreciated

[brendan92]

why has no one actually answered the question

[Razneer]

Try this website - it gives information on visas:

Dubai Government Information and Services Portal

[mpatel]

can anyone please explain me the difference between lease hold and free hold property?
Thanks

[NOOR]

Originally Posted by mpatel

can anyone please explain me the difference between lease hold and free hold property?
Thanks

Please click following links and hopefully you'll get your answer(s).

Leasehold - Wikipedia, the free encyclopedia (leasehold)

Fee simple - Wikipedia, the free encyclopedia (Freehold)


Chow