In Dubai, the Ejari online real estate registration system is integrated with the Central Bank's direct debit system, which allows landlords to directly deduct rent from the tenant's account, eliminating the need for checks with a subsequent date.
But one big question for tenants making monthly, quarterly or semi-annual payments is whether they will continue to use their existing payment method.
Real estate brokers and real estate management firms say that landlords and tenants will mutually agree to any methodology that suits both parties. Some industry executives suggest that the new system will lead to a more common practice of monthly or quarterly payments.
According to Better homes, lump-sum payouts are rising as power has shifted to landlords, with an annual increase of 6% in Dubai.
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