Property rental and management platform Keyper has announced the launch of its Rent Now Pay Later (RNPL) marketplace.
The platform is designed to revolutionise the rental market in Dubai by giving tenants the option to pay their rent in 12 monthly instalments instead of upfront for the year.
The marketplace curates a selection of high-quality properties from top real estate agencies across Dubai pre-approved for RNPL, ensuring tenants have access to inventory that meet their rental needs.
All listings will be pre-priced for 12 monthly payments, providing a digital-first rental experience that addresses the move-in cost problem faced by numerous UAE tenants.
Keyper eliminates the need for large lump-sum payments by creating a monthly payments marketplace for long-term leases, delivering a rental experience that allows tenants to manage their finances more effectively.
In addition to financial flexibility, tenants can benefit from end-to-end digital experience such as property search and finalising agreements.
This process has been designed to be as seamless and stress-free as possible.
Therefore, landlords have the option to receive their annual rent upfront while giving tenants the option to pay in monthly instalments via credit or debit card.
This approach bridges the gap between traditional rental expectations and modern financial management, which ultimately allows partner real estate agents to close more deals without asking landlords and tenants to compromise on their preferred payment terms.
The properties featured on the marketplace have been selected through partnerships with leading Dubai real estate agencies, including Dacha Real Estate, McCone Properties, D&B Properties, and Alba Homes.
“We are very excited about partnering with Keyper to enable our tenants and landlords to rent on their desired terms. Tenants will get to pay monthly with their credit card, which they have desired for the longest time, and our landlords will get paid upfront in one payment, every landlord’s dream!
“For our agents, this is a great deal because they get qualified clients from the Keyper marketplace. We also get to close more deals faster, as Keyper can breach the gap on payment terms.
“In our opinion, it’s a win-win for all parties involved. A super exciting product to come to the market”
Alessia Sheglova, CEO, Dacha Real Estate
The properties on the RNPL Marketplace were selected with the goal of offering diverse rental options and a high standard of service that meet the increasing diversity and varying demands of Dubai tenants.
The marketplace is anchored by cutting-edge tenant screening technology, developed in collaboration with Uqudo and Lean Technologies.
This system enables tenants to quickly and easily check their eligibility for RNPL using digital KYC and open banking integrations from their mobile devices.
“We are thrilled to launch the Keyper RNPL Marketplace, a platform that we believe will address one of the biggest hurdles for tenants in Dubai – the challenge of managing large, upfront rental payments.
“By offering a solution that allows for monthly payments, we’re not only helping tenants better manage their finances but also bringing the entire rental experience into the 21st century.
“This launch is a significant step in our mission to make renting and owning property in Dubai as smooth and modern as possible.”
Omar Abu Innab, Co-Founder and CEO, Keyper
This innovation not only enhances the tenant experience but also supports the continued digital transformation of the UAE’s real estate sector.
