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Reno bringing flexible finanancing to UAE interior design

Article-Reno bringing flexible finanancing to UAE interior design

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Reno, a new UAE proptech platform, offers flexible financing and buy-now-pay-later for interior design and renovations, simplifying access and management.

A new platform in the UAE is changing the game for interior design and renovation. Reno is a fresh solution for both residential and commercial projects. It offers flexible financing options that make refurbishing real estate more accessible.

WHAT DOES RENO OFFER?

Reno is the first platform in the region to provide buy-now-pay-later services for renovation projects. It blends cutting-edge proptech technology with expert human support. The company connects property owners with top interior designers, experienced project managers, and reliable contractors.

HOW DOES RENO APP WORK?

The Reno app allows users to track and manage every stage of their renovation. From initial design to project completion, Reno keeps everything organised. It ensures quality work with clear timelines and costs.

Reno helps solve the common problem of limited cash flow for renovators. Marc Michel, Reno’s Co-founder and CEO, has over a decade of experience in digital credit. He brings this expertise to Reno, enabling users to access high-quality renovations even without immediate cash or loans.

FLEXIBLE FINANCING WITH RNPL

Reno offers a “Renovate Now, Pay Later (RNPL)” financing option. This service is perfect for both residential and commercial renovators.

Experts recently shared with Arabian Business that home renovations are a smart investment. Property owners in some of Dubai’s top villa communities are making millions in profit. For example, in the upscale Al Barari community, homeowners can earn up to 100% premiums. This means they can see profits of over $10 million after spending around $3 million on renovations. Ellie Street, Area Sales Manager at Maria Morris Real Estate, highlighted these figures. So as the demand for easy renovation solutions grows, Reno is stepping up to meet this need.

Dubai is seeing a 46% increase in the number of registered holiday homes each year. The demand for short-term rentals is rising. This makes it an excellent time for entrepreneurs to invest in quality renovations.

ASSISTING OFFICE RENOVATIONS FOR BUSINESSES

Reno also assists business owners with office renovations. Many offices come as empty shells. So financing can be challenging, especially for small businesses and startups. Reno makes it easier, creating workspaces that match both the brand and the budget.

THE VISION BEHIND RENO

Marc Michel, the CEO of Reno, had the idea for the platform after a personal renovation project. He found traditional renovation processes expensive and time-consuming. Reno aims to streamline this with a single project management platform.

Michel says, Reno is "a one-stop shop which takes projects from ideation to completion via a seamless user journey. We’re proud to be a renovation company that leverages smart tools and fintech to improve accessibility and project outcomes. Because for us, technology does not replace the human touch – it elevates it.”

ENHANCING RENOVATIONS IN THE UAE REAL ESTATE MARKET

Reno is enhancing the renovation industry in the UAE. It provides innovative financing and a range of services. For both residential and commercial projects, Reno makes high-quality renovations easy and flexible.

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