Abu Dhabi - The rental rebate is part of the economic packages to support the private sector.
Published: Tue 9 Jun 2020, 3:00 PM
Updated: Tue 9 Jun 2020, 6:09 PM
Businesses in Abu Dhabi can now apply for a 20-per cent refund on rents of commercial properties, Abu Dhabi Department of Economic Development said on Tuesday.
The department noted the rental rebate is part of the economic packages to support the private sector such as tourism, entertainment and restaurant activities were affected by the precautionary measures taken to contain the spread of Covid-19.
"In line with the economic initiatives packages launched by the Abu Dhabi government to support the private sector during the current Covid-19 impacts, the Abu Dhabi Department of Economic Development announces 20 per cent rental rebate for all companies who are licensed within the following activities: restaurants, entertainments and tourism (except hotels). They are some of the most important service sectors for consumers and community members."
The scheme, the department elaborated, is applicable to restaurants, cafes, cafeterias, and takeaway outlets, and all rental real estate units that engage in recreational activities, and properties leased to tourist and leisure activities, desert resorts and tourism-related businesses.
Companies can check for eligibility and apply through https://www.adbc.gov.ae/
ashwani@khaleejtimes.com
Ashwani Kumar
Ashwani Kumar is a versatile journalist who explores every beat in Abu Dhabi with an insatiable curiosity. He loves uncovering stories that are informative and help readers form their own opinions.
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