Previously, the real estate investment process for overseas UAE investors was hindered by the intricacies of cross-border transactions.
However, recent developments have transformed the landscape, as three prominent finance entities have introduced an international payment innovation. Visa, in collaboration with Checkout.com and MENA digital real estate investment platform Stake, has unveiled seamless cross-border payment solutions. These advancements promise enhanced accessibility and efficiency for investors eyeing property ventures in the Emirates.
Utilizing the Visa Direct cross-border Account Funding Solution, consumers can now effortlessly transfer funds to their Stake accounts, facilitating investments in prime rental properties across the UAE.
Salima Gutieva, Visa’s VP and Country Manager for UAE, highlighted the significance of this digital payment capability, stating, “With this innovative solution, investments in the UAE’s real estate sector from around the globe become easier, quicker, and more secure.”
Traditionally, the real estate investment process grappled with complexities and inefficiencies linked to cross-border transactions. However, these novel solutions are dismantling barriers, leading to a surge in global interest and fostering greater collaboration between international investors and the UAE real estate market.
This innovation not only elevates the UAE’s status as a premier global investment destination but also reshapes investor engagement with the market, according to analysts.
