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 News

  • UAE leads high-level delegation to Egypt for CEPA negotiations

    Dr. Thani bin Ahmed Al Zeyoudi, UAE's Minister of Foreign Trade, has led a high-level government delegation to Egypt as negotiations continue to secure a Comprehensive Economic Partnership Agreement (CEPA) between the two nations.

  • Sharjah Ruler approves 2026 general budget of AED 44.5 billion

    His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved the emirate’s general budget for 2026, with total spending set at around AED 44.5 billion.

  • Andre Agassi to headline 11th Dubai International Project Management Forum

    Under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence and Chairman of the Executive Council of Dubai, the 11th edition of the Dubai International Project Management Forum (DIPMF) will bring together an elite line-up of local and international speakers, including ministers, heads of authorities and institutions, and senior executives from leading global companies.

  • Disney+ joins 1 Billion Followers Summit as strategic partner

    The 1 Billion Followers Summit, the world’s largest global event dedicated to the content creation economy, has announced Disney+, the streaming service of The Walt Disney Company, has joined as a Strategic Partner for its fourth summit.

On Virgin Radio today

Trending on Virgin Radio