ESAG will provide tenants with option to pay rent in monthly debit installments
ESAG has partnered with National Bank of Fujairah for the initiative
Dubai: Easa Saleh Al Gurg (ESAG) Real Estate has partnered with National Bank of Fujairah to provide tenants at all its properties with the option to pay rent in monthly direct debit installments.
The move will provide “greater flexibility to tenants who have traditionally paid rent by cheque through quarterly installments,” said ESAG in a statement.
The system utilises National Bank of Fujairah’s secure and convenient digital payment systems. The solution has been enabled in collaboration with Direct Debit System FZ LLE, a Dubai based payment management business.
“Traditional methods of rental payments no longer serve the best interests of our customers - the option to pay their rent using monthly direct debit makes life easier for tenants and will help lighten financial strain,” said Abdulla Al Gurg, Group CEO of ESAG.
“We look forward to our customers using this facility, which ensures a better, more efficient payment experience,” added Al Gurg.
Smart Dubai
The announcement comes as Dubai works towards achieving its Smart Dubai initiatives to fully embrace digital transformation by the end of 2021.
The direct debit option is now available to tenants of all ESAG Real Estate properties as well as properties managed on behalf of Easa Saleh Al Gurg Charity Foundation.