A Real Estate Factor: The Rental Payment In Dubai Is Going Digital
Rental payments in Dubai are now becoming a digital process.
So, following a partnership between the emirate’s real estate regulator and biggest bank, tenants make direct rental payments using their bank accounts, instead of issuing cheques.
Landlords and property management companies will be able to “eliminate activities required to manage post-dated cheques manually.
Boosting UAE Real Estate
Dubai Land Department announces the strategic collaboration with Emirates NBD in line to fully digitalise the services as per the Dubai Paperless Strategy.
Views By The Director-General of Dubai Land Department: Sultan Butti Bin Mejren
The strategy will facilitate and streamline the processes involved in the property market by employing progressive machinations on the path towards replacing the legacy systems in place.
Digitalisation Plan
Foreign individual investors who are looking to purchase properties in Dubai could open non-resident savings accounts with Emirates NBD and allow them to facilitate their purchase and manage rent collection conveniently.
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