Al Zarooni Group unveil AED 25 million relief for mall tenants

Supplied

Dubai’s Al Zarooni Group announces rent waiver worth AED 25 million for mall tenants during the Covid-19 outbreak.

It will cover up to three months’ rent for eligible tenants in its Mercato and Town Centre Jumeriah malls.


The Group said the relief programme is aimed at easing the financial burdens faced by retailers.

In accordance with government directives, Mercato and Town Centre Jumeirah will close for two weeks from 25 March. 

However, providers of essential services like supermarkets and pharmacies will remain open while F & B outlets will only operate a delivery service.


An Al Zarooni Group spokesperson said as the retail sector is facing an unprecedented situation “we feel that it’s our responsibility as a partner of the government to support our tenants experiencing financial hardships”.

More from Business

  • UAE and Ukraine explore investment opportunities

    The UAE and Ukraine have discussed investment opportunities in the European country, with a particular emphasis on infrastructure projects, under the Comprehensive Economic Partnership Agreement (CEPA) between the two nations.

  • DIFC records strongest-ever financial performance in 2024

    Dubai International Financial Centre (DIFC) recorded its strongest-ever annual performance in 2024 thanks to combined revenues of AED 1.78 billion from almost 7,000 registered companies.

  • Dubai's Huda Beauty separates from Kayali brand

    Dubai-based beauty moguls Huda and Mona Kattan have confirmed that brands Huda Beauty and Kayali are to operate separately, as private equity firm General Atlantic comes onboard to take ownership of the fragrance brand.

  • Tesla begins hiring in India after Musk and Modi meet

    Electric vehicle maker Tesla has begun hiring in India, with the company of tycoon Elon Musk issuing advertisements days after US President Donald Trump's right-hand man met with India's premier.

  • UAE, Ukraine Presidents witness CEPA signing

    President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Volodymyr Zelenskyy, President of Ukraine, on Monday attended the signing of the Comprehensive Economic Partnership Agreement (CEPA) between the two countries.