Dubai Developments Group offers rental relief to its business tenants – ZAWYA

Dubai Developments Group offers rental relief to its business tenants – ZAWYA

Dubai Developments Group offers rental relief to its business tenants | ZAWYA MENA Edition HomeBusinessReal EstateArticleDubai Developments Group offers rental relief to its business tenants Relief package seeks to ease financial pressures faced by tenants and enhance their stability    Business tenants of Dubai Developments Group properties on Monday received a major relief as the group extended rental relief to small firms and entrepreneurs for periods ranging from three to six months.Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, has issued directives to exempt business tenants of Dubai Developments Group properties in the emirate.The relief package worth Dh200 million is an initiative from Sheikh Hamdan bin Rashid aimed at supporting the economy as well as the entrepreneurial and real estate sectors. The gesture is aimed at mitigating the financial pressures faced by tenants due to the novel coronavirus (Covid-19) pandemic and its repercussions on the global economy.Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, has issued directives to exempt business tenants of Dubai Developments Group properties in the emirate.Business tenants of Dubai Developments Group properties on Monday received a major relief as the group extended rental relief to