Emirates NBD partners with startup property technology company Urban to transform financing for property rentals.
Emirates NBD – a leading bank within the UAE – has partnered with startup property technology company, Urban. Together the organisations have partnered to create a ‘first of its kind’ financing program for the property rentals in the UAE.
Launching its innovative platform earlier this year, Urban has digitised the entire rental journey, allowing tenants to find homes, access virtual viewings, visit properties via secure digital locks and pay via card or bank transfer online.
As a result the partnership between Emirates NBD and Urban will allow tenants to pay their rent monthly for any Urban property through a customised rental loan providing payment flexibility and convenience. While landlords can benefit from receiving the entire rental amount for the year upfront offering access to improved cash flows.
Addressing an overwhelming need for extended intervals for
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