Dubai Retail asked for rent relief by Madinat Jumeirah restaurants

F&B outlets have asked for rents to be waived until the end of the year

Souk Madinat Jumeirah
Souk Madinat Jumeirah

A number of restaurants at Madinat Jumeirah have requested that their rent be waived for the rest of 2020 and then reduced to 10% of their monthly revenues.

That's according to a letter sent to Dubai Retail at the end of April, reported our sister publication Arabian Business

Citing the "extremely pessimistic picture for 2020", the letter was signed by operators of venues including McGettigan's, Trader Vic's, The Meat Co, and more.

Did you like this story?
Click here for more

Rent has been cited by the vast majority of respondents to the recent Caterer Middle East restaurateur survey as an area where they need signifcant help, but most also said that their landlords had not done enough in the face of the coronavirus pandemic to help them.

In Abu Dhabi, the government has revealed s stimulus package that will see F&B outlets receive 20% of their rent refunded this year, but no such initiative is in place in Dubai.

For all the latest hospitality news from UAE, Gulf countries and around the world, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page.

Most Popular

Newsletter

Reports

Human Capital Report 2017

Human Capital Report 2017

The second annual Hotelier Middle East Human Capital Report is designed to explore the issues, challenges and opportunities facing hospitality professionals responsible for the hotel industry’s most important asset – its people. The report combines the results of Hotelier Middle East's HR Leaders Survey with exclusive interviews with the region's senior human resources directors.

Hotelier Middle East Housekeeping Report 2016

Hotelier Middle East Housekeeping Report 2016

The Hotelier Middle East Housekeeping Report 2016 provides essential business insight into this critical hotel function, revealing a gradual move towards the use of automated management and a commitment to sustainability, concerns over recruitment, retention and staff outsourcing, and the potential to deliver much more, if only the industry's "image problem" can be reversed.

From the edition

From the magazine