Abu Dhabi DED announces rent refund for F&B, entertainment


April 16, 2020 | By RetailME Bureau

Through Twitter posts, the Abu Dhabi Department of Economic Development (ADDED) stated that in line with Abu Dhabi government’s directives to support the private sector, F&B, entertainment and tourism facilities in UAE capital will receive 20% refund of the total annual rental value.

The rent refund is applicable on contracts signed between October 1, 2019 and March 31, 2020 as well as contracts renewed between April 1 to September 30, 2020.

Also read: UAE retailers’ reactions to rent relief

The rent refund comes close on the heels of measures announced under the Abu Dhabi economic stimulus package to over the adverse impact of COVID-19.

 

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