Tenants in the UAE now have the option to pay their rent on a monthly basis instead of making large upfront payments through multiple post-dated cheques. This change marks a significant shift in how the rental market operates in the country.
Digital platforms such as Keyper and Takeem are helping make this possible by allowing residents to divide their rent into 12 monthly instalments. These platforms provide a smooth and convenient process for tenants, helping them manage their finances more effectively and plan their monthly budgets without the burden of large lump-sum payments.
Landlords also benefit from this new approach. Monthly payment plans can lead to faster property occupancy, reduce the chances of missed payments, and even generate additional revenue. While tenants may have to pay a small convenience fee for the service, traditional rental agreements with cheque-based payments are still available for those who prefer them.
This trend shows how technology is modernizing the rental process in the UAE. With more landlords and tenants adopting these digital solutions, the rental market is becoming more flexible, transparent, and convenient for everyone involved.
Disclaimer: This content is for informational purposes only and is based on available reports. The accompanying image is for reference only.
