UAE customers can now purchase property using debit or credit cards

By Shilpa Annie Joseph, Official Reporter
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UAE-based Emaar Properties’ development arm Emaar Developments has partnered with the global digital payments leader, Visa in order to allow customers in the Emirate to buy properties in Emaar projects through their debit and credit cards.

According to Mr. Ahmad Al Matrooshi of Emaar Development, customers can enjoy the plethora of benefits and conveniences that come with the big-ticket realtor being a part of Visa’s global merchant network in a fast-growing, digital world.

“We are focused on accelerating our business by advancing our broader strategy and continuing to drive innovation and pioneer customer convenience through this strategic partnership with Visa,” Mr. Al Matrooshi.

Andrew Torre
Andrew Torre
Regional President – Visa

“Buying a new home is always a thrilling experience and as partners, we are excited to make that process an even easier one through this exciting partnership with Emaar. It aims to expand acceptance of digital payments for the purchase of Emaar properties and enable UAE residents to make large property-related transactions on their Visa debit and credit cards. Through this endeavor, cardholders will be able to enjoy a convenient, secure, and seamless experience when paying booking amounts and down payments or making installment payments for their new homes, without incurring any additional fees.”

According to the company statement, the collaboration provides customers with omnichannel payment solutions, allowing for a more convenient solution when purchasing property and making installment payments in the UAE.

Since 2002, Emaar Development has completed over 47,000 residential units. The company has a sales backlog of more than $6.6 billion (Dh24.605 billion) with 26,000 residential units under construction.

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