Tenants who are rebuilding or renovating their properties in Al Quoz Creative Zone have been exempted from paying rents for up to two years.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince and Chairman of The Executive Council of Dubai, issued the directive.
The move is part of the 100-day plan for the Al Quoz Creative Zone development project that aims to transform the area into a comprehensive creative hub that attracts talent from across the world.
It's also in line with ongoing efforts to raise Dubai's position as an international cultural destination and transform it into the global capital of the creative economy by 2025.
In line with the vision of @HHShkMohd to transform #Dubai into the global capital of the creative economy by 2025, @HamdanMohammed issues directives to exempt tenants who are rebuilding or renovating their properties in Al Quoz Creative Zone from rents for up to two years. pic.twitter.com/3epdDLEWAD— Dubai Media Office (@DXBMediaOffice) December 4, 2021
The 100-day plan for the Al Quoz Creative Zone launched by the project's higher committee headed by @LatifaMRM, Chairperson of @DubaiCulture & a member of the Dubai Council, has identified priority actions to be undertaken to develop the zone.— Dubai Media Office (@DXBMediaOffice) December 4, 2021
As part of the 100-day plan for Al Quoz Creative Zone, a unique model for optimally distributing living, working and creative public spaces will be developed based on a comparative study of similar zones around the world.
A dedicated platform called the Creatives' Journey has been created within the Invest in Dubai platform to support the business operations of creatives and provide a single window to get licences for their projects within a few minutes.
By providing incentives for creatives to establish and develop their businesses, the platform supports the effort to transform industrial land into areas for creative activities.
The plan also seeks to provide soft-mobility solutions for the people in the zone.
Transportation facilities connecting Al Safa Metro Station to Al Quoz Creative Zone will be developed.
In addition, consultancy contracts have been awarded to develop the best Integration and soft-mobility solutions in Al Quoz Creative Zone that will include street furniture, cycle tracks, pedestrian bridge, sidewalks, and activity areas.
Dubai Culture is also inviting members of the creative community to share ideas and suggestions for designs that can enhance the aesthetic and artistic ambience of the area.
To date, Dubai Culture has awarded 4,500 certificates of accreditation to creatives and artists of different nationalities.