‘The Market’ retailers in DIP to get three-month rent relief

RetailME Bureau

Properties Investment (PI), a Dubai Investments joint-venture company engaged in investment and development of real estate properties, has announced three-month rent relief as a goodwill gesture for all retailers within ‘The Market’ – a dedicated retail avenue, located in the Green Community, Dubai Investments Park (DIP).

In the wake of ongoing efforts to control the COVID-19 pandemic and with mall managements across the country stepping up efforts with various initiatives, Properties Investments has temporarily advised retailers to close shutters, adhering to preventive measures adopted by the government.

“Through ‘The Market’, we have been providing shopping experiences creating an impact on the well-being of the community and during such crucial times, it becomes even more important to ensure the health and safety of not only our customers, but also our tenants. Our tenants are the backbone of our success within ‘The Market’ and now with the temporary suspension of business, we announced this relief, to directly support the tenants. Our mall management teams are working closely with the tenants to ensure the rent relief aids towards the recovery of their businesses during these times,” said Dr. Rashid Abdulla Al Haji, general manager, Properties Investment.

Properties Investment along with the mall management teams have ensured constant monitoring of the situation with regular and timely feedbacks to the tenants, reiterating commitment and support towards the continued success of the retailers.

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