Nakheel, the Dubai developer restructuring $10.8bn in debt, is offering up to two months rent-free in units in lower-priced developments in a bid to attract tenants.
The government-owned company is offering new tenants free periods on leases in Discovery Gardens and International City, where rents start from AED25,650 and AED17,100 a year.
A spokesperson for Nakheel said the offer had been “well-received” but declined to specify how many apartments have been leased under the scheme.
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