Dubai Real Estate Center (DREC), an A.R.M. Holding company, sets a new benchmark for the real estate sector by becoming the first large-scale private real estate company in Dubai to subscribe to Al Etihad Credit Bureau (AECB.) DREC will use the AECB Credit Reports and Credit Scores to better assess the risk associated with new tenants fulfilling their payment obligations and renewals of existing tenancy contracts.
Marwan Ahmed Lutfi, CEO of AECB said: “Mature international real estate markets use credit scores as a key factor when determining renter’s eligibility and we are delighted that DREC is exhibiting such maturity, which will ultimately benefit their portfolio of clients in Dubai.”
Click here to read Lutfi’s full statement about Dubai Real Estate Centre’s pioneering step.