DMCCA provides practical information on Strata Law implementation for JLT sub-developers.Summary: The Dubai Dubai (d  bī`), sheikhdom (1995 pop. 674,101), c.1,500 sq mi (3,890 sq km), part of the federation of seven United Arab Emirates, SE Arabia, on the Persian Gulf. Multi Commodities Centre Authority (DMCCA),
which oversees and regulates the DMCC DMCC Dubai Multi Commodities CentreDMCC Data Management and Coordinating Center DMCC Data Management Coordinating Committee DMCC Diploma in the Medical Care of Catastrophes DMCC Division Movement Control Center DMCC Depot Maintenance Control Center free zone, organised a series of Strata stra·ta n. A plural of stratum. strata Noun the plural of stratum USAGE: Strata is sometimes wrongly used as a singular noun: this stratum (not strata) Law workshops for some 55 sub-developers of Jumeirah Jumeirah is a coastal residential area in Dubai, United Arab Emirates mainly comprising low rise private dwellings. It has both expensive and large detached properties as well as more modest town houses built in a variety of architectural styles. Lakes Towers (JLT JLT Journal of Lie Theory JLT Jardine Lloyd Thompson Group PLC JLT Junior Leader Training (Boy Scouts of America) JLT Just Like That JLT Junior League of Toronto JLT Junior League of Tulsa JLT Junior League of Tampa ). Running over three days, the six interactive sessions addressed several issues related to the implementation of the Strata Law. The Dubai Multi Commodities Centre Authority (DMCCA), which oversees and regulates the DMCC free zone, organised a series of Strata Law workshops for some 55 sub-developers of Jumeirah Lakes Towers (JLT). Running over three days, the six interactive sessions addressed several issues related to the implementation of the Strata Law. The Strata Law, which came into effect on April 1, 2008, relates to the ownership and management of jointly owned property, in DubaiCOs property developments. These include parking areas, lifts, pools, gyms, gardens and other shared facilities. The sessions were in keeping with DMCCCOs C[pounds sterling]whole of projectC[yen] titling structure adopted for Jumeirah Lakes Towers, and outlined a simple 8-step process that sub-developers must undertake to bring their individual projects in conformity with the law, and enable them to transfer title to their unit buyers. Ahmed bin Sulayem, Executive Chairman, DMCC, said that as a responsible master developer, DMCCA is taking a proactive approach in adopting the Strata Law for its Jumeirah Lakes Towers development, and aims to set the benchmark in the application of Strata Law among Master Developers. C[pounds sterling]We had organised a similar workshop in April in an effort to spread awareness of the law and its implications. As the subsequent step in ensuring practical and easy adoption of the law, more informational and interactive sessions such as these will prove useful for our sub-developers.C[yen] Industry experts participating in the workshops included Jim OCOHare, General Manager, Nakheel Owners Association Management; Alan A`lan´ n. 1. A wolfhound. Fox, Director, LandPartners (Surveyors); and Fergus Fergus Warrior king in the Ulster cycle of Gaelic literature. In The Cattle Raid of Cooley, Fergus, an exile from Ulster, recalls the deeds of the young Cú Chulainn. Another story tells of the revelation of the Táin in the 7th century by the ghost of Fergus. Appleton Appleton, city (1990 pop. 65,695), seat of Outagamie co., E Wis., on the Fox River near its exit from the northern end of Lake Winnebago, in a dairying and stockraising region; inc. 1857. (Concordia). They addressed challenges faced by sub-developers in implementing the Strata Law, and suggested strategies and a clear 8-step process to comply with the law. Phillip Caraiscos, Executive Director, Asset Management, DMCC, said: C[pounds sterling]By organising these workshops, we hope to provide the necessary guidance to enable sub-developers meet their obligations with respect to the Strata Law and at the same time enhance end-user confidence. The workshops helped sub-developers understand the importance of positioning themselves with regards to the provision of facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. services and owners association management in their individual developments. In addition, it enables them to better understand the distribution of service charges.C[yen] DMCCA, as Master Developer and owner of the Jumeirah Lakes Towers development Co a prestigious mixed-use, free-zone, freehold Freehold, borough, United States Freehold, borough (1990 pop. 10,742), seat of Monmouth co., E central N.J.; settled c.1650, called Monmouth Courthouse (1715–1801), inc. as a town 1869, as a borough 1919. community - recently announced the establishment of a strategic alliance with the Owners Association Management division of Nakheel Asset Management, who are recognised practical experts on this newly introduced legislation, and currently manage over 9,750 apartments through 125 owners associations to date.-Ends-About DMCCDMCC was created in 2002 as a strategic initiative of the Dubai Government to establish a commodity marketplace in Dubai. Rated 'A' by Standard & Poor's, it provides the market infrastructure that brings together a wide range of commodities activities, and is committed to serve the needs of participants in the gold, diamonds and commodities markets. Resident companies of DMCC are offered highly attractive benefits under a free zone status, including a 50-year guaranteed tax holiday, 100 per cent business ownership, full ownership of business premises, and a secure regulated environment. A[umlaut umlaut (  m`lout) [Ger.,=transformed sound], in inflection, variation of vowels of the type of English man to men. ] 2008 Al Bawaba (www.albawaba.com)
A[umlaut] 2008 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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