Dubai's recent decision to enable tenants to pay rent via a direct debt system will make it easier for landlords to get paid.
That's the message from the Dubai Land Department (DLD), speaking on the Property Today programme on Dubai Eye 103.8's The Agenda.
The DLD's Ejari rental platform is now fully integrated with the UAE Central Bank's Direct Debit System, which allows tenants to automatically pay rent directly from their bank accounts.
This change is aimed at streamlining the payment process and providing a more efficient method for recurrent payments in Dubai.
Cheques have traditionally been the dominant method in the rental market, but with the introduction of direct debits, this is expected to have a positive impact on both tenants and landlords.
However, some landlords have expressed concerns about their ability to enforce rent collection without the use of cheques.
Judge Abdulqader Mousa, the head of the DLD's Rental Dispute Centre said the new system provides a quicker and more secure method for landlords to collect their rent.
In a first for the UAE, the Ministry of Finance has launched the Sovereign Retail T-Sukuk Programme, giving citizens and residents access to a government-backed, Shariah-compliant investment opportunity.
Emirates Airline has introduced the world's first conflict cover for travel that includes medical reimbursement of up to $25,000, hotel stays "during airport closures" and a free trip extension of up to 30 days, offering travellers "greater peace of mind".
Dubai International Airport (DXB) is likely to make an 80-85 per cent operational recovery by the end of 2026 following the regional developments, announced CEO of Dubai Airports Paul Griffiths.
Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure.
UAE climate-tech company HyveGeo has been crowned the winner of Dubai Holding's Innovate For Tomorrow Impact Accelerator, securing pilot funding and the opportunity to test its solutions within Dubai Holding's business ecosystem.
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