Dubai – Sharikat Mubasher: Dubai-based Keyper has introduced its innovative Rent Now Pay Later (RNPL) marketplace, a platform designed to transform the rental experience for tenants in Dubai.
The initiative allows tenants to pay their rent in 12 monthly installments rather than the traditional upfront annual payment, thereby addressing a critical pain point for many renters in the UAE, according to a press release.
The RNPL Marketplace curates a selection of high-quality properties from leading real estate agencies, ensuring that tenants have access to a diverse range of options that cater to their specific rental needs.
Unlike conventional real estate platforms, all listings within the RNPL Marketplace are pre-priced for monthly payments, providing a streamlined, digital-first rental experience.
The approach effectively alleviates the burden of large lump-sum payments, enabling tenants to manage their finances more efficiently.
Keyper’s end-to-end solution ensures a seamless and stress-free experience, which is particularly beneficial in a fast-paced market like Dubai.
For landlords, the RNPL Marketplace presents an attractive proposition: they can receive their annual rent in a single upfront payment while offering tenants the convenience of monthly installments via credit or debit card.
The innovative model bridges the gap between traditional rental expectations and modern financial management, empowering real estate agents to close deals more effectively without requiring compromises from either party.
The properties featured on the RNPL Marketplace have been meticulously selected through partnerships with esteemed real estate agencies, including Dacha Real Estate, McCone Properties, D&B Properties, and Alba Homes.
Alessia Sheglova, CEO of Dacha Real Estate, expressed enthusiasm for this collaboration, noting that it allows tenants to pay monthly—a long-desired option—while ensuring landlords receive their payments promptly.
Moreover, the RNPL Marketplace is supported by advanced tenant screening technology developed in collaboration with Uqudo and Lean Technologies. The system enables prospective tenants to easily verify their eligibility for the RNPL program using digital Know Your Customer (KYC) processes and open banking integrations, all from their mobile devices.
Omar Abu Innab, Co-Founder and CEO of Keyper, emphasized the transformative potential of the RNPL Marketplace, stating that it addresses one of the most significant challenges tenants face in Dubai: managing large upfront rental payments.
He commented: “By facilitating monthly payments, Keyper is not only improving tenants’ financial management but also modernizing the overall rental experience.”
Keyper has plans to expand RNPL to other cities across the UAE, including Abu Dhabi.
The company is also committed to growing its rental inventory by partnering with other top real estate agencies, ensuring that the marketplace continues to meet the evolving needs of UAE tenants.
