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Thu 2 Apr 2020 04:00 PM

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Three month rent relief for retailers in DIP amid Covid-19 crisis

Green Community's Properties Investment is supporting retailers forced to shut down due to the pandemic

Three month rent relief for retailers in DIP amid Covid-19 crisis

Properties Investments is best known for projects like the Green Community and the Courtyard by Marriott 

Retailers in ‘The Market’ avenue in Green Community, Dubai Investments Park (DIP), will receive a three month rent relief as a gesture of support during the Covid-19 pandemic, according to an announcement by developer Properties Investment (PI), a Dubai Investments joint-venture company.
The move comes as retailers have been obliged to temporarily close in line with the government's preventive measures to curb the spread of coronavirus.
“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,” said Dr. Rashid Abdulla Al Haji, General Manager at PI.
"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,” he added.
The company’s management said it has taken precautionary measures like regular sanitisation, sterilisation and disinfection protocol to limit, contain and curtail the spread of the virus.
PI, which is engaged in investment and development of real estate properties, is best known for projects like the Green Community and the Courtyard by Marriott in DIP.​

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