New partnership expands Dubai Trade's services and offers Nakheel customers a convenient solution for online payments.

UAE_ Dubai_ 28 March, 2016

As part of its commitment to Dubai's smart city vision, Dubai Trade, the premier cross-border trade facilitator, has partnered with Nakheel to offer its Rosoom online payment services to the developer's 45,000 customers.

The partnership allows Nakheel customers to use 'Rosoom' as a convenient, online payment system to pay service charges for owner associations, community management and club fees. Users will be able to pay online using international or domestic major credit cards such as Master Card and Visa.

CEO of Dubai Trade, Eng. Mahmood Al Bastaki, said: "This agreement with Nakheel is a major landmark in our support of Dubai's smart city goals. Having already achieved 4 million transactions and raised over AED 5 billion through 'Rosoom', we believe it will add enormous value for Nakheel's clients."

With no fraud transactions, no major complaints from users and no downtime cases, 'Rosoom' has proven to be the most convenient, trustworthy and reliable system of its kind. Users can choose from a variety of payment options such as credit cards or direct debit by providing a link to the online internet portals of major banks.   Banks currently integrated with 'Rosoom' include Mashreq Bank, HSBC, Habib Bank, Emirates NBD, CBD, Dubai Islamic Bank, and Standard Chartered.

Sanjay Manchanda, CEO of Nakheel, said:  "We are delighted to partner with Dubai Trade to bring this new and unique service to our customers.  'Rosoom' will be invaluable in assisting our clients in managing their transactions more conveniently and efficiently.  Our investors are located all around the world, and the e-payment system will be particularly beneficial to our overseas clients who now have a fast, efficient payment system at their fingertips."

With Nakheel's communities in Dubai currently covering 15,000 hectares and providing homes for 270,000 people, Dubai Trade expects this new partnership to significantly increase the amounts collected by 'Rosoom' confirming its presence in the UAE as a major provider of online services.

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About 'Rosoom':
Dubai Trade launched ''Rosoom'' in mid-2008 as the electronic payment gateway to facilitate online payments and faster adoption of more than 780 e-Services on its portal.  It serves as the sole online payment gateway for major entities such as DP World, JAFZA, TechnoPark, Dubai Auto Zone, Jumeirah Lakes Towers and Palm District Cooling. ''Rosoom'' is compliant with the latest 3-D secure requirements, which aim to reduce the fraudulent transactions and therefore give greater protection to the business entities connected to it.

About Dubai Trade:
Dubai Trade is the premier trade facilitation entity that offers integrated electronic services from various trade and logistics service providers in Dubai under a single window. It underlines Dubai's position as the ideal base for trading across borders with its unique geographical location, excellent infrastructure and seamless processes across the private sector and government agencies. Dubai Trade Portal (www.dubaitrade.ae) offers a remarkably seamless business flow and has proven to be cost effective for clients using it as the single window which integrates the online services of DP World, Economic Zones World, and Dubai Customs.

About Nakheel (www.nakheel.com):
Nakheel is one of the world's leading developers and a major contributor to realising the vision of Dubai for the 21st century: creating a world class destination for living, business and tourism. Nakheel continues to deliver and enhance an iconic portfolio of innovative landmark projects in Dubai across the residential, retail, hospitality and leisure sectors.

Master developments include Palm Jumeirah, The World, Deira Islands, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Al Furjan, Warsan Village, Dragon City, International City, Jebel Ali Gardens, Nad Al Sheba Community. Together, these span more than 15,000 hectares and currently provide homes for over 270,000 people.  Nakheel has nearly 21,000 residential units under construction or in the pipeline.

Nakheel's current and future retail project portfolio covers more than 15 million square feet of leasable space.  Retail destination developments include Ibn Battuta Mall, Dragon Mart 1 and 2, Nakheel Mall, The Pointe, The Golden Mile, Deira Mall, Deira Islands Night Souk, Warsan Souk, Al Khail Avenue, The Circle Mall and major extensions to Dragon Mart (renamed Dragon City) and Ibn Battuta Mall. Nakheel also has several neighbourhood community centres in operation or under development.  Our growing hospitality project portfolio comprises 10 hotels at various locations in Dubai, including Palm Jumeirah, Deira Islands, Ibn Battuta Mall and Dragon City.

Follow Dubai Trade on:
Twitter: www.twitter.com/tradechain
Linked In: www.linkedin.com/company/dubai-trade
Facebook: www.facebook.com/dubaitrade
Instagram: @dubaitrade_official
YouTube: @dxbtrade 

© Press Release 2016