The apartments of Tamweel Tower in Jumeirah Lake Towers that were gutted by the fire early this month, may most likely be restored to its original state of handover, and the building will be equipped with latest safety standards, as per the outcome of the first Tamweel tower Owners Association (OA) meeting since the fire.
The Tamweel Tower will be restored and the apartments refurbished to their original state of handover, said Nasr Habashy, Head of Legal Commission of OA.
Explaining further, he said that the insurance company aligned with Tamweel concluded its investigation, and is now finalising the loss assessment of the building. There is a limited exclusion policy that could cover under exceptional conditions such a terrorist attack, but, now, the apartments will be mostly restored to their original condition and new safety measures will be taken into account.
Although, the news was received with much appreciation by the residents, there were also concerns about how long the overhaul procedure will take.
During the OA meeting, Tamweel announced that the mortgage instalments would be frozen until the apartments were available for use. The move gives owners the financial opportunity to look out for an alternative accommodation.
However, it is believed that the restoration process may take more than seven months, and the owners have been advised to inform tenants to find another accommodation.
As for cases of damage of vehicle, including damage done to the apartments, the damage should be reported at the Jebel Ali Police Station, with proper documentation. The report should be filed by the apartment occupant.