Major Developers in Dubai Waiving Rent

At a time like this, world is facing the biggest crisis that no one has ever expected. May people either lost their jobs or had their salaries cut to half. This makes the life more challenging and tough. Some people are unable to pay their rent.

With this issues, some developers in Dubai decided to waive their rent for certain amount during lock down. A huge relief package of AED 200 M has been set for customers of Dubai Developments Group for a period that is set in the range of 3-6 months. This generous announcement was done by Sheikh Muhammadan bin Rashed Al Maktoum, Minister of Finance and Deputy Ruler of Dubai on this month. 

Here is a list of developers in Dubai who offered rent relief:

1. Dubai Silicon Oasis Authority

- Dubai Silicon Oasis Authority (DSOA) has waived rents for businesses that rent properties in any of the DSOA owned buildings. 

- Company owners had the chance not to pay their rent for up to three months starting April 2020. 

- Dubai Silicon Oasis Authority (DSOA) has offered its business tenants is that they may pay their rent upon 6 installments. 

- As for new companies, they were offered up to a 10% discount upon renewal of their rent and got exempted from late payment until August 31, 2020.

- The Dubai Silicon Oasis Authority has created a new rental structure for residents allowing flexible payment options.

Dubai Silicon Oasis Authority has a number of compounds in Dubai Silicon Oasis. Check out properties for rent in Dubai Silicon Oasis now.


2. Nakheel

Al Nakheel announced that they were waving charges and penalties for both residential and commercial tenants. And also they has announced that it will remove AED 230,000,000 off for its commercial tenants’ have suffered loss in world crisis. 

Popular Projects from Nakheel are The Gardens, Palm Jumeirah, Azure Residences. Check out properties for sale in Dubai from Nakheel. 

3. Dubai Holding

Dubai Holding also announced rental waivers for residential and commercial tenants and they announced a relief package of AED 1 Billion. 

Dubai Holding have popular projects in Popular Areas of Dubai like Jumeirah Beach Residence (JBR), Madinat Jumeirah Living , Business Bay etc. Check out the properties for rent at https://www.rockyrealestate.com/

4. Meraas

Meraas also announced a relief package of AED 1 Billion to its tenants.Most exceptional projects from Meraas are La Mer, City Walk, Cherrywoods etc. Check out the properties for sale or rent now.

The Crisis has affected both tenants and landlords. Both Landlords and tenants have to understand the crisis and circumstances and have to help each other.  
 











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