Mubasher TV
Contact Us Advertising   العربية

UAE launches digital service for 20% rental rebate

UAE launches digital service for 20% rental rebate
ADDED has launched a digital service to support the private sector

UAE – Mubasher: The Abu Dhabi Department of Economic Development (ADDED) has launched a new digital service to support the private sector against the impacts of the coronavirus (COVID-19) pandemic, according to Emirates News Agency (WAM).

As part of the economic initiatives package launched by Abu Dhabi, the digital service allows restaurants, tourism, and entertainment facilities to refund up to 20% of rental contracts.

The rental refund is provided for the investors who signed their lease during the period from 1 October 2019 and until 31 March 2020 or renewed their contracts during the period from 1 April 2020 until the end of September 2020.

The service has kicked off in cooperation and e-connection with the Abu Dhabi Department of Finance.