Most notably, postponing checks until after Ramadan or reducing them
Realtors are calling for community initiatives in the rental sector, similar to banks
A proposal to reduce the rental value by 50% in the month of Ramadan.
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Realtors demanded the introduction of community initiatives in the rental sector, similar to what banks offer during the month of Ramadan, such as postponing payments until after the holy month.
They pointed out, in statements to "Emirates Today", that there is an absence of social responsibility for many companies operating in the rental sector, which is unacceptable, especially with the initiatives undertaken by the state.
social responsibility
In detail, Walid Al-Zarouni, the real estate expert, chairman of the board of directors of the "W Capital" real estate brokerage company, believes that "there is an absence of social responsibility from large companies," stressing the need for initiatives from these companies, whether in the payment of real estate rents, or initiatives put forward by the real estate developer. It takes care of whether to pay rent, school fees for defaulters, or hospital fees.
He explained that there are those who need support, and companies are required to provide initiatives, and to exempt tenants, even if part of the rent value, and it must be throughout the year, and it is best to take place in the month of Ramadan.
And the real estate consultant, Ahmed Al-Dawla, agreed with him, who called for community initiatives in the rental sector, similar to what banks offer during the month of Ramadan to postpone payments until after the holy month.
He pointed out that the official authorities must be the leader in these initiatives in the rental sector, and that the authorities and people who provide these exemptions and discounts be honored, and that the focus should be on their initiatives through "social media influencers".
He pointed out that there is an absence of social responsibility for many companies operating in the rental sector, which is unacceptable.
Logos
In turn, the Director-General of the Royal Liwan Real Estate Company, Muhammad Hareb, said that "community initiatives have become mere slogans for some companies that they use for the purpose of communication, or to activate the role of the institution or company in showing its interest in residents," pointing to the need to activate these initiatives in general for all companies. real estate, especially in the month of Ramadan.
Hareb called for the need to reduce the monthly rent, especially in the month of Ramadan, and these initiatives must be activated and standards and plans for how to complete these initiatives must be established.
He stressed the need to activate these initiatives in the workplace, to present these initiatives to employees in the holy month, and to reduce the monthly rental value by 50% in the month of Ramadan, stressing the need to generalize them in all companies, and these initiatives must be launched on a larger scale.
He pointed out the necessity of starting initiatives from the government, so that it takes the initiative to reduce fees and financial burdens on real estate owners, enabling them to play their role in easing the burdens on employees and tenants.
Discounts and facilities
For his part, the real estate consultant, Muhammad Al-Hafiti, said that “social responsibility initiatives in Ramadan have many forms within the Emirati society,” adding that “one of their images is initiatives at the personal level from real estate owners and they provide discounts and facilities in all circumstances, especially in times of crisis such as the pandemic period.” “Covid-19” or every year in Ramadan, but this year we find it has disappeared somewhat.”
Al-Hafeiti explained that the matter was limited to some major real estate developers, who play an active role in social responsibility, especially during Ramadan.
Ramadan offers
For his part, the general manager of Awad Gargash Real Estate Company, Raad Ramadan, said that “community initiatives in the rental sector, during Ramadan, are called (Ramadan offers) and are not exemptions, or new rents in the holy month, such as what is done in the markets and the purchase of cars. And clothing, it can apply to rentals and real estate, and these offers are during Ramadan, as a kind of celebration and a good initiative by the owners during the month, in addition to being a good real estate marketing process.”
important sector
For his part, the Managing Director of Harbor Real Estate, Muhannad Al-Wadih, said, "The importance of social responsibility initiatives in the real estate sector in Dubai is clear, through rents that affect a large segment of tenants," pointing out that there are outlets on this issue through the Dispute Resolution Center. rental income in Dubai, through the “Good Hands Fund” initiative, which is dedicated to helping the needy and insolvent during the holy month of Ramadan.
Al-Wadiya added that the initiatives are good, and many owners postpone checks until after the month of Ramadan, or some owners offer offers as a form of social support.
A clear improvement The Chairman of the Board of Directors of Al-Waleed Investment Company, Muhammad Al-Mutawa, said that “the absence of initiatives is evidence of the clear improvement in the market,” noting that “in the past, there were many community initiatives due to the market’s need for encouragement, and due to the improvement in performance, it is natural for the initiatives to disappear. ».
Al-Mutawa explained that the initiatives to defer checks due in Ramadan until after the holy month, are personal initiatives from the owners of the buildings, pointing out that “the owners have suffered great harm in light of the (Corona) pandemic, which could be a reason for the decrease in the proportion of social contributions during the period. the current period.”
A clear improvement
The Chairman of the Board of Directors of Al-Waleed Investment Company, Muhammad Al-Mutawa, said that “the absence of initiatives is evidence of the clear improvement in the market,” noting that “in the past, there were many community initiatives due to the market’s need for encouragement, and due to the improvement in performance, it is natural for the initiatives to disappear. ».
Al-Mutawa explained that the initiatives to defer checks due in Ramadan until after the holy month, are personal initiatives from the owners of the buildings, pointing out that “the owners have suffered great harm in light of the (Corona) pandemic, which could be a reason for the decrease in the proportion of social contributions during the period. the current period.”
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