Dubai tenants can now split rent payments into smaller instalments under new scheme

Dubai tenants now have the option to divide their rent payments into smaller instalments through a new scheme introduced by Dubai Residential and fintech platform Rentify. This partnership will benefit over 146,000 residents living in Dubai Residential's 22 communities, which span premium and more affordable housing options. Eligible tenants, both new and existing, can now break down their annual rent into smaller payments, rather than paying the full amount upfront.

For instance, a tenant paying Dh80,000 annually in four equal instalments would typically need to pay Dh20,000 at each scheduled date. Under the new scheme, the first Dh20,000 could be split into smaller payments, subject to the terms set by Rentify. The option, available via select banks' credit cards, aims to provide greater flexibility in managing rental payments and align with changing tenant expectations for more control over their finances.