Dubai Introduces Zero-Interest Rent Payment Plan

Aug 13, 2026

46 min

Aug 13, 2026 03:31

Dubai to launch ‘Rent Now, Pay Later’ service with zero-interest instalments

## New Rental Payment Initiative

Dubai is set to launch a "Rent Now, Pay Later" service in September, allowing tenants to pay their annual rent in monthly installments without interest. This initiative is a collaboration between the Dubai Land Department (DLD) and a local bank, aiming to enhance payment flexibility and housing accessibility.

## How It Works

Under this plan, tenants can choose a property, and the bank will pay the landlord the full annual rent upfront. Tenants will then repay the bank over 12 months with no interest charges. The final details, including eligibility and application processes, are still being finalized.

## Global First

If implemented as planned, Dubai could become the first city worldwide to integrate such a mechanism into its rental market. This follows the DLD's "Flexi Rent" initiative, which began in June, offering various payment options and incentives to stabilize the rental market and improve living conditions.

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