Dubai is one of the fewer states that makes you say goodbye to worn-out practices for good. In a world of digitally accessible services, the state has decided to make a big move by digitizing its rental payments.
This is not only a strategic way of conducting business but also increases efficiency and security for both the landlord and the tenant. In addition, it helps save time and money as you no longer have to go to the bank or queue up at the customer service window of your chosen property management company.
As a part of this collaboration between the Dubai Land Department and Emirate NBD, the first phase will see the launch of an online portal that will enable tenants to make rental payments electronically.
What’s The Objective Behind Shifting To Digital Rental Payments?
According to HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, “The launch of Ejari Online is a significant milestone that reinforces our efforts to enhance happiness and quality of life in Dubai. The new system will offer great convenience to tenants as they will be able to complete all rental procedures without having to visit any government offices.”
Ejari Online is a convenient, one-stop-shop that offers various services to help tenants in Dubai complete their rental transactions. These include registering and renewing tenancy contracts, paying rent, and requesting No Objection Certificates (NOCs). The platform is available in both English and Arabic.
To use Ejari Online, tenants will first need to create an account on the website using their Emirates ID. They will then be able to select their preferred service and fill in the required information. Once the payment is made, they will receive a confirmation email with all the details of their transaction.
Top Benefits Of Making The Rental Payments Online:
Previously, a person owning a home in Palm Jumeirah or any other community in Dubai had to visit the DLD office in person to register their tenancy contract. The whole process was time-consuming and often required multiple visits.
With Ejari Online, tenants can now complete the registration process within minutes, without having to leave the comfort of their homes. The portal also allows tenants to make rental payments using their credit cards, which is a major improvement from the old system where only cash or cheques were accepted.
In addition, the new system will help landlords save time and money as they will no longer have to go to the bank to deposit rent cheques. They can simply log into the portal and view all the details of their properties and tenants in one place.
Here’s a short guide on how the upcoming digital system will revolutionize rental payments. So, let us walk you through this.
Perks For The Overseas Investors
Overseas investors in the Dubai real estate market will be able to make use of the new system to pay their rent from anywhere in the world. This is a major advantage as it will save them both time and money.
The Supremacy of Cyber Security
The Ejari Online portal uses the latest security technologies to protect the personal data of users. This includes both tenants and landlords. In addition, all transactions on the platform are encrypted, which ensures that your money is safe and secure.
With the new system in place, you can be sure that your rental payments will be processed quickly and smoothly. So, say goodbye to long queues and frustrating delays at the customer service counter!
Record of the Payments
The digital payment system will also generate an electronic receipt for each transaction. This will be emailed to the tenant and landlord and can be used as proof of payment.
In the past, many tenants have faced problems when trying to get their tenancy deposits back from their landlords. With Ejari Online, they will now have a record of all their rental payments, which will make it easier to get their deposit refunded.
As the Dubai real estate sector is set to outperform global markets, the digitalization of rental payments will make it easier for investors to buy and rent properties in the emirate. This will boost demand in the market and lead to further growth in the coming years.
So, if you are considering moving to this city in the near future, getting acknowledged about the essentials would be of pivotal importance before signing a tenancy contract.