A Dubai-based property management company, Keyper, recently opened a new business frontier through the rent now, pay later (RNPL) service to reorient the property leasing market in the UAE. This cost effective service, enables the tenants to pay their Annual Rent in Twelve equal instalments as opposed to the usual One Off amount.
Keyper presents the RNPL Marketplace offering only the best properties by the most reputable real estate companies in Dubai. Every every listing on the platform will be priced for a total monthly subscription of 12 months – a fully digital rental model. This approach, therefore, reduces the move-in cost expenses which should be costs incurred by the tenants.
Keyper’s RNPL service therefore aims at creating value for all the stake holders in the rental business. Tenants get the financial freedom they need and avoid rental stress, while landlords receive the total amount of rent they require annually – something that owners like. This new approach helps to overcome the gap between rental requirements and current approaches in financial management to let real estate agents sell more properties while keeping adequate payment terms intact.
Alessia Sheglova, the chief executive officer at Dacha Real Estate also expressed her views on the partnership with Keyper, saying that this partnership will be impactful to the tenants, the landlords and the agents. “This is good for everyone as a stakeholder,” she added. “Tenants can pay monthly with their credit card while landlords get upfront payments and agents sell properties faster.”
Hence seamlessly integrating with the Paperless Strategy of Dubai,Keyper’s RNPL Marketplace provides a completely paperless rental services. For now the service is offered in Dubai, but Keyper aims at expanding to other UAE cities such as Abu Dhabi as it further looks to increase the availability of renting options through the major real estates’ agencies. This launch is a major stride towards the development of the rental structure and improvement of facilities for tenants in the UAE.
