New Hotel Construction – Dubai announced Fee waivers and reduced approval timeline
Posted on 21st January 2014
In a move aimed at streamlining as well as speeding up the hotel construction and delivery process, Dubai has introduced a series of reforms as it prepares to host as many as 25 million visitors during Expo 2020.
According to a statement released on 20th January 2014 by Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, the emirate has cut the duration of the pre-approval process by two-thirds for private developers to build hotels. It used to take up to six months, but now has been reduced to two months. Fees levied for “change-of-use of land” for hotel usage have also been scrapped. An exemption to the 10 per cent Dubai Municipality fee was also given to any new three and four-star hotels that begin operating before June 2017.
The statement also said that Government land will be allocated and additional incentives will be provided for the development of three and four-star hotels that Dubai will need by 2020, to meet the expected surge in tourists and visitors.
Other regulations introduced yesterday include the streamlining of pre-approval processes of hotel construction by Dubai Municipality. Approvals for hotels in Dubai’s free zones will also be transferred to the municipality, the statement said.
According to Dubai Tourism Vision 2020, the city needs to double its hotel rooms to around 164,000 hotel and hotel apartment rooms within the next seven years. In 2013, Dubai has added around 3,000 new hotel rooms to its stock.Back to all Construction News
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