Dubai: it will be possible to pay rent using direct debit

As part of a new partnership between the Dubai Land Department and Emirates NBD, payments on rental receipts will soon be automated and digitized using the Direct Debit System of the UAE Central Bank (UAEDDS). This means that tenants will be able to make payments through their bank accounts instead of issuing checks.

This practice will benefit both landlords and real estate management companies, who will no longer have to manually process overdue checks. It will also become easier for tenants who will be able to use flexible payment plans.

The new initiative is consistent with the Dubai government's vision for the development of paperless payment ecosystems, as well as the Dubai 10X initiative.

Individual investors from abroad who wish to purchase real estate in Dubai can open non-resident savings accounts in Emirates NBD and manage the collection of payments for purchase and rent through them.