Properties Investment Announces 3 Month Rent Relief for ‘The Market' Retailers
Announcement in line with respite measures adopted as part of the global pandemic impact offering support to tenants
Dubai, United Arab Emirates, April 02, 2020: Properties Investment (PI) - a Dubai Investments joint-venture company engaged in the investment and development of real estate properties, has announced a 3 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.
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 wellbeing 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.
Various precautionary measures and steps like awareness communication, regular sanitisation, sterilisation and disinfection protocol to limit, contain and curtail the spread of the novel coronavirus had been implemented by mall management prior to the temporary closure.
Properties Investment along with the mall management teams have ensured constant monitoring of the situation with regular and timely feedbacks to the tenants, reiterating undue commitment and support towards the continued success of the retailers.
Home >> Banking & Investments Section
Second Gulf Metrology Forum discusses role of metrology in enhancing industrial ...
KHDA Director General Aisha Abdulla Miran inaugurates GETEX Spring 2024
Ministry of Economy organizes ‘National Forum for SMEs - Government Procurement' ...
LG Electronics MEA leads with innovation in new Home Entertainment Line-up
UAE Uniquely Placed as Hub for Strategic Philanthropy
CABSAT marks its 30th anniversary with return of prestigious MENA Co-Production ...
“Golden Gift” Offers from Malabar Gold & Diamonds; Get Assured Gold Coins on Jew ...
New Speedmaster Chronoscope Marks 100 Days to Paris 2024
Kia unveils unique camouflage for its first-ever Tasman pickup truck
11 Sports Events, including 5 International Championships, to take place in Duba ...
Ara Real Estate & Deca Properties Jointly Unveil Aed 22 Billion Arabian Hills Es ...
Mansoor bin Mohammed opens GISEC Global 2024 at Dubai World Trade Centre
e&'s AGM approves a 3-year progressive dividend policy with an annual increase o ...
KANZ Jewels Hosts Spectacular Golden Evening with Bollywood Sensation Padma Shri ...
Lg Brings 'Reinventing Together' Theme To The UAE For Two-Day Middle East And Af ...
UAE announces US$50 million commitment to the Lives and Livelihoods Fund 2.0 to ...
DOMOTEX Middle East 2024 Kicks Off in Dubai, Set to Transform the Regional Floor ...
Dubai Culture supports UAE's participation in Venice Biennale
UAE and Oman establish investment partnerships worth AED 129 billion to deepen c ...
Manchester City Players In Starting Line-Up For Etihad At Zayed International Ai ...