Eqarat.com launches first online payment service for the region's expanding property market with Emirates Bank

With the property market in the Middle East heating up, executives at Eqarat.com believe it is important to provide a rapid and reliable online payment service for investors and real estate related businesses globally. Eqarat.com has deployed Emirates Bank's payment gateway solution to make the down-payment process easier, faster and fully secure.

Given the ongoing growth of the property market in the Middle East - current developments are valued at a staggering $150 billion according to the latest estimates - executives have expressed confidence that the payment solution provides them with a vital competitive edge.

"Eqarat.com is the region's first 'new economy' real estate management company and our aim is to use leading edge technology to provide buyers with the highest standards of service and delivery," said Ali Al Rahma, founder and CEO of Eqarat.com. "Our new e-payment service facilitates financing by providing people with real-time financial transactions and the confidence of a totally secure online environment."

"We are proud to partner with an e-property market leader like Eqarat.com by providing secure and efficient e-payment channels. Eqarat has recognized the advanced functionality and the fully-fledged technical support of the bank's online payment solution," said Mohammed Al Jallaf, Senior Manager at Electronic Banking Services, Emirates Bank

With the new online payment system in place, real estate allied companies worldwide can now pay on the internet for membership to be registered on Eqarat.com's 'Service Connect' offering, which is the most comprehensive list of companies related to the real estate industry.

Additionally, the new online payment service provides business leaders with the opportunity to book advertising space on Eqarat.com's portal and in the company's online weekly newsletter, which is distributed to more than 100,000 investors globally.

Catering for UAE nationals, ex-pats, and international customers, Eqarat.com customers can also pay online for the company's 'Premium Content' service. Providing the latest data through focused studies, research and reports, the service will provide potential investors with a full insight into the local as well as regional real estate market.

The company plans in the very near future to allow visitors to the Eqarat.com portal to also use the new online payment gateway for a variety of other services offered by the company, which deals with a wide range of commercial and residential buying and selling transactions including apartment blocks, villas, hotels and land.

"This partnership is sure to add a significant volume of business to the bank and will further enhance its image as a leader in providing e-payment channels," said Al Jallaf.

Al Rahma concluded: "The aim of providing an online service is to make the process of conducting business over the Internet easier for our customers. Being able to make payment online, in a secure environment, means our buyers and sellers are able to transact business in the most convenient way possible."