Riyadh – Sharikat Mubasher: Saudi open finance infrastructure provider Spare announced a partnership with UAE-based proptech platform Rewa to introduce digital rent payments and streamline real estate transactions across the country.

Under the partnership, Rewa will integrate Spare’s Pay-by-bank solution, allowing tenants to pay rent directly from their bank accounts without the need for post-dated cheques or manual bank transfers, according to a joint press release. The move is expected to simplify rent collection, improve payment visibility, and enable end-to-end digital tracking of rental transactions.

The collaboration aligns with the Dubai Land Department’s vision of creating a fully digital and paperless real estate ecosystem. According to Dubai Land Department data, the emirate recorded 1.38 million tenancy contracts worth AED 126.4 billion in 2025, highlighting the growing demand for more efficient rental payment systems.

Both companies said the partnership demonstrates how Open Finance and property technology can work together to deliver faster, more transparent, and customer-centric experiences for tenants and landlords across the UAE.