By Staff writer
Refund is open to restaurants, tourism and entertainment facilities operating in the emirate
Restaurants, tourism and entertainment facilities in Abu Dhabi can apply for a 20 percent refund in annual rent.
The digital service has been launched by the Abu Dhabi Department of Economic Development (ADDED) and is aimed at helping companies impacted by the current coronavirus crisis. Hotels are not included in the initiative.
ADDED chairman Mohammed Ali Al Shorafa said that the 20 percent refund will be off the total rental value paid by investors who started their lease from September 2019 or renewed their contracts during the period from April 1, 2020 until the end of September 2020.
ADDED recently announced that facilities operating in the emirate would be exempt from violations recorded by the department, in a move worth around AED246 million.
Anyone looking to take advantage of the refund can find out more on the '20 percent Rental Rebate Initiative Registration' page on the ADDED website.