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Mubadala exempts tenants from lease for three months

Mubadala exempts tenants from lease for three months
The tenants will be provided with a rent-free relief

UAE- Mubasher: Mubadala Real Estate and Infrastructure (MREI) will exempt retail tenants at its Abu Dhabi mall, Galleria Al Maryah Island, from paying the monthly lease.

The tenants will be provided with a rent-free exemption over three months from April to June, according to a recent statement.

The move is part of the economic relief initiatives provided by Mubadala to reduce the economic consequences of the coronavirus (COVID-19) pandemic.