F&B operators in Dubai’s iconic Madinat Jumeirah are urging Dubai Retail to help offset an “extremely pessimistic picture for 2020” amid a slump caused by the global pandemic.
Dubai Retail – the management arm of Dubai Holding – agreed to waive basic rent and service and marketing charges during the period of the government-enforced mandatory closure period, sources familiar with the matter said.
However operators sent a second letter on May 17 claiming the response “does not really help us in any way to plan the way forward in terms of cash flow and other business needs.”
“We would like to urge the focus to be on a complete solution and answers to all of our requests….so that we can plan if it is viable for us and the business is sustainable in the short, medium and long term, we cannot rely on drip-fed one chapter at a time short-term commitments and need to have extreme clarity for the years 2020 and 2021 to move forward.”
