The Dubai Mall operator Emaar Malls has deferred rent for some retailers who remain closed in line with Covid-19 safety measures.
In a letter to tenants dated 29 March, the company said it will not cash tenants’ cheques due on 25 March, 2020 and onwards until further notice.
“Considering the current conditions and the recent government directions in respect of activities in all malls and commercial centers, we are very keen on alleviating some of the burdens imposed upon all of us. Having considered all factors, we will defer collection of rent cheques received from those tenants whose cheques fall due on 25 March 2020 onwards and until further notice from the government,” the letter said.
The Dubai Mall is Emaar Malls’ flagship asset and is located at the base of the Burj Khalifa, the city’s main tourist attraction. The company’s e-commerce platform Noon has seen a surge in home deliveries in the UAE and Saudi Arabia as people spend more time at home.
