Abu Dhabi DED announces rental rebate


May 12, 2020 | By RetailME Bureau

Abu Dhabi Department of Economic Development (ADDED) has announced a rental rebate initiative to support the private sector amidst the on-going COVID-19 pandemic.

ADDED has announced 20% rental rebate for organisations – including restaurants, cafés, entertainment centres and tourism destinations, except hotels – affected by precautionary measures undertaken by the UAE government to prevent the spread of COVID-19.

According to WAM, ADDED Chairman Mohammed Ali Al Shorafa explained that “Abu Dhabi Government ensures the refund of 20% of the total rental value paid by investors who started their lease from September 2019 or renewed their contracts during the period from April 1, 2020 until the end of September 2020. The move is expected to help add and enhance the confidence in the Emirate’s business environment. The resolution covers all facilities practicing activities of restaurants, cafeterias, tourism and entertainment.”

Businesses covered under the rent rebate initiative can obtain a 20% refund on their annual rental contracts by visiting the ADDED website.

 

For all the latest retail news from Middle East, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



Union Coop, a consumer cooperative in the UAE, revealed that 78% of 

Continue Reading

August 24, 2021 | By Jibran Chouguley

Union Coop has opened its 23rd branch within the UAE in Jumeirah 

Continue Reading

August 2, 2021 | By Jibran Chouguley

Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and 

Continue Reading

July 8, 2021 | By Jibran Chouguley

UAE-based Al Maya Group announced that it will be boosting import of 

Continue Reading

June 24, 2021 | By RetailME Bureau

UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu 

Continue Reading

June 2, 2021 | By RetailME Bureau

UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand 

Continue Reading

March 31, 2021 | By RetailME Bureau

Locally owned supermarket Spinneys celebrates 60 years of doing business in the 

Continue Reading

March 9, 2021 | By RetailME Bureau
Almarai, Carrefour, Emirates have the most loyal customers

UAE-based Carrefour will become the first retailer in the region to offer new levels 

Continue Reading

February 22, 2021 | By RetailME Bureau

The Organic Farmers’ Market is back in Bay Avenue for its 12th 

Continue Reading

February 17, 2021 | By RetailME Bureau

UAE-based  Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah, 

Continue Reading

February 15, 2021 | By RetailME Bureau
Jones the grocer

Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones 

Continue Reading

February 1, 2021 | By RetailME Bureau

UAE-based Al Maya Supermarkets is hosting a two-week food festival at select 

Continue Reading

January 17, 2021 | By Lawrence Pinto




Download Images RetailME Magazine