Activating an Electronic Platform for Rent Payment via Credit Card, Automatic Debit, and Monthly Installments
Dubai, United Arab Emirates, 18 October 2024 – In line with the UAE’s vision for digital transformation, the Dubai Land Department (DLD) has signed a Memorandum of Cooperation with Keyper Holdings under the REES real estate innovation initiative. This partnership aims to enhance property management through advanced digital solutions, improving efficiency, simplifying processes, and driving innovation in the sector.
The agreement was signed by Majid Al Marri, CEO of the Real Estate Registration Sector at DLD, and Omar Abu Innab, Co-Founder and CEO of Keyper Holdings Ltd, at GITEX Global 2024.
The collaboration introduces integrated solutions to boost transparency and efficiency, enabling landlords and tenants to access accurate information, reducing disputes, and facilitating informed decisions. It focuses on streamlining communication between all parties via digital platforms for prompt responses and effective information exchange. Data analytics will also guide investment and development strategies by better understanding market trends.
A key element of this initiative is adopting technological solutions to optimize resource use, supporting global sustainability efforts. The memorandum also includes training programs for DLD employees to improve their skills in handling modern technology.
Under the agreement, DLD will enhance digital integration, linking Keyper’s services with its platforms to simplify real estate processes. Keyper Holdings will activate an electronic platform allowing tenants to pay rent via credit cards and automatic debit systems, with an option for 12 monthly installments, ensuring seamless rent collection for landlords. The partnership also integrates with the ‘Mollak’ platform to manage owners’ association fees.
Majid Al Marri said, “This collaboration establishes new standards for property management using smart technology to enhance efficiency and transparency, aligning with our vision for full digital integration.”
Omar Abu Innab added, “We are excited to digitize the property journey for owners and tenants in Dubai, eliminating cheques for rent payments and offering tenants flexibility.”
The partnership supports DLD’s strategy to lead in digital transformation, strengthening Dubai’s competitiveness as a global business and real estate hub.
