More developers offer rent freezes in UAE to ease coronavirus hardships – ZAWYA

More developers offer rent freezes in UAE to ease coronavirus hardships – ZAWYA

Big businesses pledge to cancel rent payments for more than a month to three months. A few real estate firms are now offering rent freezes, instalment plans and waiver of transaction fees.. The company said the 45-day rent waiver is "in line with the prevailing global conditions result from the coronavirus pandemic.". "Tenants that have been with us for decades are practically family for us“¦ We just want to make sure that our tenants have one less thing to worry about during these difficult times," said Haleema Al Owais, CEO of the real estate firm.. On Saturday, the Dubai Free Zones Council said it will postpone the rent payments by a period of six months for businesses..