UAE’s tenants and landlords switching from rental cheques to direct debit is a big deal

The UAE’s property market is moving fast to finally drop what had been standard practice for decades – of tenants issuing multiple cheques to their landlords for their annual rental payments. Going forward, all such transactions will be settled – seamlessly, as market sources say – through direct debits from tenants’ bank accounts.

It was earlier this week that Dubai Land Department confirmed an agreement with Emirates NBD as part of the process. The transition from cheques to direct debits will gain more ground in the weeks ahead.
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https://gulfnews.com/business/property/uaes-tenants-and-landlords-switching-from-rental-cheques-to-direct-debit-is-a-big-deal-1.1657171150716