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778 accidents caused by males in Dubai
778 accidents caused by males in Dubai Amira Agarib / 28 September 2013 Drink driving has caused seven deaths during the first seven months of the year. Major-General Mohammed Saif Al Zafin, Director of the General Department of Traffic, said that driving under the influence of alcohol led to seven deaths and 53 injuries in 157 accidents during the seven months of the current year. Last week, Khaleej Times reported road deaths so far this year were almost double than what they were during the same period last year, with 101 road deaths reported so far. Making a sudden turn topped the traffic violations list that led to 29 deaths and 200 injuries, followed by not paying attention on road, which led to 25 deaths, while 200 pedestrians were knocked down. He said that male drivers had caused 778 accidents and caused 93 deaths, while females were responsible for 107 accidents and eight deaths. Shaikh Mohammed bin Zayed Road topped the list of the most dangerous roads and registered 13 deaths. Not keeping adequate distance between vehicles came in the third place leaving 25 people dead and 200 injured, while entry on prohibited roads led to three deaths. Driving in the wrong direction was responsible for two deaths and 22 injuries, while speeding caused four deaths and 28 injuries. Meanwhile, risky reversing, reckless driving, not adhering to lane discipline and overtaking led to one death. Car collision caused 1,052 accidents, killing 40 people, while 27 deaths were reported from 206 hit-and-run accidents. While overturning of vehicles led to four deaths, Al Zafin said private cars were responsible for 598 accidents and led to 144 injuries and 66 deaths, while 62 accidents were caused by motorcyclists, resulting in two deaths. Light heavy trucks caused 62 accidents and led to nine deaths, while heavy trucks caused 41 accidents and resulted in 8 deaths. Vans caused 41 injuries and nine deaths, while taxis caused 43 accidents and two deaths. While bicycle accidents led to three deaths.— news@khaleejtimes.com Continue reading
EPA Honors Biomass Projects With Green Power Leadership Awards
Taylor Scott International News Taylor Scott International Taylor Scott International, Taylor Scott Continue reading
Dubai acts to curb property speculation
Dubai acts to curb property speculation Issac John / 27 September 2013 The Dubai Land Department on Thursday said it would be doubling registration fee for real estate transactions to four per cent of the sale price from two per cent, effective October 6. Sultan Butti bin Mejren, Director-General of the Land Department, said the hiked fee structure, charged equally to the buyer and seller of a property, was aimed at discouraging excessive speculation in the property market, which has seen a major pick-up over the past few months by recording a big surge in transactions, prices and rentals. So far this year, real estate transactions in Dubai’s resurgent market totalled Dh162 billion, up from Dh90 billion in the same period a year earlier. Mejren said the new registration fees covers all types of property transactions in Dubai except for the industrial sector, including warehouses. Quick and fair solutions to rent disputes Speaking to reporters at his office, Mejren said the move would have a positive impact on the market as it would help curb property flipping (buying and selling properties in quick succession to make profits) and protect the market. Under the new rule, the registration fee will be split two per cent each between the buyer and seller, he said. Justifying the fee hike, Mejren said around 110 countries in the world are charging higher property registration fees than Dubai. In the UK, the fee is 4-10 per cent, France eight per cent and India 7.3 per cent. Ruling out any negative impact of the fee hike on the market as some analysts feared, Mejren said it would, on the other hand, help stabilise the property market that has achieved maturity. On concerns expressed by the International Monetary Fund (IMF) about the danger of another property bubble under way in Dubai, the Land Department chief said there are no indications of such an overheating in the market. Clearing the air on all your questions In a report, the IMF warned in July that Dubai authorities might need to intervene in the emirate’s property market to prevent excessive price rises. “Dubai has emerged as global city with a strong economic growth record. The city’s property market is mature and based on real demand. The market is stable and is very active. We believe that prices in Dubai are not higher than other top cities around the world,” said Mejren. He said the IMF warning came in line with Land Department’s findings. “We believe that increasing the fees will limit speculation and protect the market from a bubble. We decided to increase these fees before they even recommended it.” Mejren said the department took almost three months to finalise new fee structure after consultations with all stakeholders. Dubai has recorded 18.3 per cent surge in luxury home prices to rank among the top four in “Prime Global Cities Index” as prime property prices across the world fell by 0.4 per cent in the first quarter 2013. Prime residential prices in Dubai, which started to rise in early 2012, a movement partly instigated by regional troubles, recorded a double-digit surge in 2013, with the price of luxury villas increasing by 11.4 per cent and that of prime apartments by 15.1 per cent in value, Knight Frank, a leading independent global property consultancy said in a research note. According to ratings agency Fitch Ratings, the prime property sector in Dubai is poised for a strong 2014 following a vibrant 2013. -issacjohn@khaleejtimes.com Continue reading
