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
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.
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.