20% rent refund for Abu Dhabi restaurants, tourism firms – ZAWYA

  • Date: 12-May-2020
  • Source: Zawya
  • Sector:Tourism
  • Country:UAE
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20% rent refund for Abu Dhabi restaurants, tourism firms – ZAWYA

Restaurant tables overlooking Abu Dhabi cityscape, Abu Dhabi Emirate, United Arab Emirates.. Abu Dhabi announced on Monday a 20 per cent refund on annual commercial property leases for restaurants, tourism and entertainment facilities.. Abu Dhabi Department of Economic Development (ADDED) said eligible businesses would have to apply online for the refund, which is calculated against fixed rental costs.. It did not say who would bear the cost of the refund or whether the government would compensate landlords.. Al Blooshi said in case the rent allowance is in participatory form, such as a fixed rental allowance and a percentage of the income, the refund is calculated on fixed allowance..