You can now buy property in Dubai with VISA debit and credit cards

You can now buy property in Dubai with VISA debit and credit cards

Emaar Development and VISA partner up to make the process of property purchase easier for customers.

Dubai's developing company Emaar Development and global digital payment system VISA have tied up to allow customers in UAE to buy properties in Emaar projects using their debit and credit cards. 

Ahmad Al Matrooshi of Emaar Development said that in a fast-growing, digital world, customers would enjoy all the benefits and conveniences that come with the big realty company being a part of VISA's global merchant network.

Since 2002 Emaar Development has delivered over 47,000 residential units and 26,000 residential units are at the moment under development. Emaar's projects being currently under construction are estimated at USD 6.6 billion.

Emaar Properties’ overall property sales during 2020 stood at USD 2.9 billion, of which USD 1.7 billion was recorded in UAE.

In August 2020, Abu Dhabi-based developer Aldar Properties allowed its customers to pay rents by credit cards to offer convenient and flexible payment solutions.

'Buying a new home is always a thrilling experience and as partners, we are excited to make that process an even easier one through this partnership with Emaar. It aims to expand acceptance of digital payments for the purchase of Emaar properties and enable UAE residents to make large property-related transactions on their Visa debit and credit cards,' said Andrew Torre, VISA’s regional president for Central and Eastern Europe, Middle East, and Africa.

Torre also added, that cardholders can make payments through cards for bookings, down payments or installments for their new homes without any additional fees.

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