UAE retail chain provides 3-month rent relief to tenants whose business has been hit by coronavirus – Gulf Today

  • Date: 21-Mar-2020
  • Source: Gulf Today
  • Sector:Retail
  • Country:UAE
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UAE retail chain provides 3-month rent relief to tenants whose business has been hit by coronavirus – Gulf Today

UAE retail chain provides 3-month rent relief to tenants whose business has been hit by coronavirus. The efforts to provide relief to the customers and retailers range from relief in paying rent to reducing timings of mall operations.. Al-Futtaim Group announced that it will be making a substantial contribution to ease the financial burden of its retail tenants by offering a fund of Dhs100 million.. The fund would cover up to three months' rent relief for eligible tenants across its malls in an effort to aid the recovery of their businesses in the UAE..