UAE nationals, expats, and registered businesses with properties (commercial, residential, or mixed-use) leased to reputable tenants and generating consistent rental income are generally eligible for Lease Rental Discounting (LRD) facilities. It is essential that the property is legally owned, the lease agreement is valid, and the tenant must be reputed. However, the specific eligibility criteria can vary between lenders (banks or NBFCs) but generally focus on property ownership, lease details, and the tenant’s financial standing. Moreover, banks can also ask for 6–12 month old bank statements and some other details.
