Dubai's direct debit system for rents: Will tenants be fined for insufficient funds?
Typically, real estate firms impose a penalty if cheques bounce
Source: khaleejtimes.com
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UAE's tenants and landlords switching from rental cheques to direct debit is a big deal
How soon will post-dated rental cheques to landlords become a thing of the past?
Source: gulfnews.com
No more rent cheques: Dubai's new direct debit system for tenants, landlords explained
The method works in parallel to existing services
Source: khaleejtimes.com
UAE In-Focus — Aldar buys hotel and two islands; Dubai takes step to boost real estate market
DUBAI: Aldar Properties, an Abu Dhabi developer, acquired two islands for residential development and the Nurai Island Resort hotel. The purchase came after acquiring land on Saadiyat island worth 3.7 billion dirhams ($1 billion) to build 2,700 units with a gross development value of 15 billion dirhams, according to MEED. In addition, Aldar plans to renovate and expand the
Source: arabnews.com
Dubai Land Department in push to take rental payments online through deal with Emirates NBD
Move on to allow landlords to ditch decades-old practice of manual rental cheques
Source: gulfnews.com