Waivers will be extended for the period starting March 24-April 27 and tenants will receive a 70% flat discount on chilled water charge limited to the lockdown period
Dubai-based retail and mall operator Emaar Malls PJSC is taking further steps to ease the financial burden of tenants affected by the coronavirus pandemic, according to a document viewed by Bloomberg.
The new set of policies include waivers for tenants whose stores have been forced to shut by the government. Dubai restricted movement since mid-March, culminating in a full, three-week lockdown through most of April.
The city started easing the restrictions just over a week ago, allowing malls and restaurants to resume operating under certain conditions, and limiting the curfew to eight hours overnight.
More from the statement:
The United Arab Emirates, of which Dubai is a part, has reported a total of 13,599 cases, including 119 fatalities.