Budgeting around rent is tricky when a big payment lands all at once. Dubai Residential, part of Dubai Holding Asset Management, is trying to make that easier. Its new partnership with Rentify lets eligible tenants split their rent instalments into smaller payments. Keep reading for all the important details you need to know.
What’s The New Scheme?
Dubai Residential has partnered with Rentify to bring this payment option to all 22 of its communities, which are home to more than 146,000 residents.
It’s open to eligible new tenants and to existing residents who are renewing their leases. If you currently pay your annual rent in four equal instalments, you’ll be able to divide your first instalment into smaller payments. New tenants can choose this option when they sign their rental contract.
What Does It Mean For You?
Rent is often the biggest bill of the month, and it hurts more when several months fall due at the same time. This scheme gives you another way to spread the cost rather than paying the full instalment on its original due date.
Here’s an example. Say you pay AED 80,000 a year in four equal instalments. That’s AED 20,000 each time. Under the new arrangement, an eligible tenant could split that first AED 20,000 into smaller payments, subject to Rentify’s terms.
What We Don’t Know yet
A few details haven’t been shared:
- How many smaller payments you can make
- How long the repayment period is
- The exact charges involved
- Which banks are taking part
- A detailed fee structure
What we do know is that the service will be available through credit cards issued by select banks, with rates and eligibility conditions applying. It will sit alongside Dubai Residential’s existing payment methods, not replace them.
Which Communities Are included?
The partnership covers Dubai Residential’s full portfolio of 22 communities. That’s a mix of premium developments, family-friendly neighbourhoods and more affordable housing options.
You’ll find it in communities including Bluewaters, City Walk, Nad Al Sheba Villas, And The Gardens. Plus Garden View Villas, Remraam, Layan, Ghoroob and Shorooq.
The option will be offered across the portfolio, but whether you can use it depends on meeting the eligibility requirements. The companies haven’t said whether every tenant will qualify, or whether payment terms will differ from one community to another.
