Dubai South rolls out rent relief + payment flexibility measures for SMEs

Dubai South is giving SMEs some breathing room, rolling out rent relief and payment flexibility to keep businesses steady at its Business Park, according to Dubai Media Office. The package includes incentives for contract renewals, ranging from rentfree periods and deferred payments to waived penalties, in addition to a freeze on lease rates for eligible tenants. The measures will be reviewed over time, with adjustments made as market conditions shift.

Dubai South’s package is only the latest among several ones aimed at keeping smaller businesses afloat. Just last week, Dubai-based spend platform Qashio rolled out a AED 10 mn support program with Dubai Chambers, while authorities moved in late March with an AED 1 bn package to cushion private-sector strain linked to the regional conflict.

Tourism is also in focus, with a dedicated support package in the pipeline, Economy and Tourism Minister Abdulla Bin Touq Al Marri told Dubai Eye in a podcast. He added that the sector has remained supported through the recent disruption, including assistance for more than 10k tourists, ensuring accommodation, meals, and safe return. The AED 1 bn Dubai package also included measures specific to the sector.

RAK real estate developer plans seven new luxury projects in Dubai

While the war triggers global disruptions, some UAE luxury developers are pushing forward with their plans unabated. Ras Al Khaimah (RAK) real estate developer BNW is entering the Dubai market this year with seven residential and commercial projects, Al Khaleej reports, citing the developer’s founder and Chairman Ankur Agarwal. The company launched its first residential project in Al Furjan.

The developer’s plans remain on course for completion by 2029, with plans to expand into other emirates, including Abu Dhabi.

IN CONTEXT- Analysts told us earlier that a prolonged war could cool the emirate's real estate market. A group of high-end developers, including Binghatti and Omniyat, is nonetheless affirming operational continuity, with no purchase cancellations reported across all projects. Arada and Sobha also confirmed liquidity and active pipelines.

Kezad to see five new logistics and industrial investments

Kezad draws in AED 147 mn new industrial projects: Khalifa Economic Zones Abu Dhabi (Kezad) is getting five new industrial and logistics projects across Kezad Al Ain and Al Ma’mourah with some AED 147 mn in investments, state news agency Wam reports.

The projects include an oilfield chemicals blending facility, a car cleaning products manufacturing facility, and a metal forming and coating unit, as well as industrial and logistics warehouses.

IN CONTEXT- The new investments come as Kezad’s industrial base comes under continuous fire by Iranian targeted attacks. Last week, Emirates Global Aluminium’s (EGA) Al Taweelah site sustained significant damage from Iranian missiles. Multiple other fires also broke out after the intercepted debris crashed in the district, resulting in six injuries.

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