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.
Nakheel, a member of Dubai Holding Real Estate, has begun handing over 892 homes at Jebel Ali Village, which is expected to be home to approximately 5,500 residents.
The Indian state of Maharashtra has suspended the licences of four Domino's outlets after reporting grease residue in pizza-making machines and insect infestations, the latest move in an intensifying crackdown by food regulators.
XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
The chairman of India's largest conglomerate Tata Sons will not seek reappointment, he said, citing the board's lack of backing after tensions with the charitable arm that controls the group.
The UAE's air defence systems detected a missile threat on Tuesday, with authorities advising the public to stay in a safe location and follow official channels for warnings and updates.
The UAE marks World Humanitarian Day on August 19, reaffirming its longstanding commitment to helping people in need and supporting communities around the world.