Dubai tenants still seeking easier ways to meet rental payments

Dubai tenants still seeking easier ways to meet rental payments

Dubai: Landlords in Dubai allowing monthly cheque payments was at one point rated the best available option for tenants to better plan their rental payments. It sure beats having to constantly make sure there are enough funds in the account under the three- or four-cheque payment system. But even where tenants are offered monthly payment options, it has become quite the slog to be on the right side of matters when the cheque is sent over for clearance. The Dubai Land Department on its part is also pushing for more rentals to be processed through direct debit facilities, and doing away with what is increasingly being seen as a cumbersome process of issuing cheques and then for the landlord to submit it. And depending on the balance maintained in the individual’s account at the time, lead to a ‘fingers’ crossed’ situation. This is when financing options such as ‘rent now pay later’ come into play. Because when rent gains in Dubai are still hitting year-on-year growth of 20-35 per cent – pick your location and find out how much they are up. Even the latest quarter-on-quarter increases have been significant. “An RNPL system works because a majority of tenants will