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Dubai’s current choice to allow tenants to pay hire by way of a direct debt system will make it simpler for landlords to receives a commission.
That’s the message from the Dubai Land Department (DLD), talking on the Property Today programme on Dubai Eye 103.8’s The Agenda.
The DLD’s Ejari rental platform is now absolutely built-in with the UAE Central Bank’s Direct Debit System, which permits tenants to robotically pay hire instantly from their financial institution accounts.
This change is geared toward streamlining the cost course of and offering a extra environment friendly methodology for recurrent funds in Dubai.
Cheques have historically been the dominant methodology within the rental market, however with the introduction of direct debits, that is anticipated to have a optimistic influence on each tenants and landlords.
However, some landlords have expressed considerations about their means to implement hire assortment with out the usage of cheques.
Judge Abdulqader Mousa, the top of the DLD’s Rental Dispute Centre mentioned the brand new system gives a faster and safer methodology for landlords to gather their hire.
