Abu Dhabi DED announces rental rebate

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.

 

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