A number of Emirati businessmen have provided facilities to tenants in the real estate they own, especially those who have been affected by the closing of their shops due to the ban on their activities during the current period, and these facilities were provided by investors in light of their participation by the government in its efforts to reduce the repercussions of the Corona virus crisis.
They pointed out, in statements to «Emirates Today», that it is necessary to join forces with the private sector with the government, to overcome these exceptional repercussions of the health crisis.
For their part, tenants valued the facilities made by a number of landlords, asking the other landlords to follow their example, especially in light of these circumstances that require solidarity and cooperation between all parties.
The facilities offered by owners varied between a one-month reduction, postponing checks and lowering the rent for an open period until the financial crisis ends, an initiative taken by a businessman who sent emails to all tenants of the business owners from the activities that were currently damaged, by reducing the rent for 15 days , Renewed according to the situation in the coming period
(KhBL), a businessman and one of the real estate owners in Dubai, who only mentioned the first letters of his name, said that he “embarked on this initiative because he believed that this circumstance is exceptional, and all efforts must be joined together to overcome it”, noting that he had sent E-mail messages to all tenants of shop owners to reduce rent by the equivalent of 15 days of the total rental value, provided that this reduction continues in the event of an increase in the closure period due to the current sanitary condition, with the aim of supporting store owners to overcome the consequences of the Corona virus.
For his part, businessman Mohamed Abdel-Razzaq Al-Mutawa said that he «provided several facilities for tenants from the commercial stores, including not to exempt some tenants for a month, and we will certainly take care of these in case the period is prolonged, and for the tenants who are not commercial stores, we will postpone checks for them According to their request. ”
For his part, the CEO of Standard Real Estate Management Company, Abdul Karim Al Mulla, said, “The company manages a large group of commercial and residential real estate, and it takes into account the current exceptional circumstance by postponing the checks to all tenants who wish to do so, and dividing the checks by more than one installment, so that some It is paid in six installments, despite the fact that the contract provides for four checks, in addition to giving tenants from the suspended business owners a month's activity free of charge by increasing it at the end of the lease ».
(Omar A.), who preferred not to give his full name, said a commercial tenant, that he “thanks every businessman who positively stands in this exceptional circumstance”, adding that he received an email from the businessman's rental company ), It states that he is exempt from paying the equivalent of 15 days of rent, and it may be renewed if current conditions persist.
The tenant, Ali Ismail, the owner of a commercial store, said that the landlord told him to postpone the tenancy check for two months, according to the initiative of the landlord and without asking him to do so.
Tenant Ahmed Darwish Elayyan, a residential tenant, added that the real estate management company postponed his one-month rental check.