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Thu 26 Mar 2020 02:59 PM

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UAE firm announces three-month rent exemption for tenants during Covid-19

The exemption is for tenants in Souq Al Haraj and Souq Al Jubail in Sharjah

UAE firm announces three-month rent exemption for tenants during Covid-19

Souq Al Haraj. Image: Sharjah Asset Management

Sharjah Asset Management has announced a three-month exemption of rents for tenants in Souq Al Haraj and Souq Al Jubail amid the ongoing coronavirus pandemic, the company has announced.

In a statement, the company said that the move is part of a wider efforst to enhance “the capabilities of the national economy and the competitiveness of the emirate of Sharjah.”

“This move seeks to contribute towards alleviating the burdens on investors and tenants, enabling them to overcome these trying conditions,” the statement added.

The company’s CEO, Waleed Al Sayegh said that “at Sharjah Asset Management, we believe in extending our maximum support to our partners and tenants in both Souq Al Jubail and Souq Al Haraj, by assisting them however we can during this period.”

“We will be communicating with tenants during the upcoming days to complete the necessary procedures,” he added. “The company will continue to support investors and tenants, providing them with the required services.”

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