Dubai's First-Time Home Buyer Programme Aims To Enhance Homeownership Access For Residents

The Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET) have introduced the First-Time Home Buyer Programme. This initiative aims to make homeownership more accessible for both Emiratis and expatriates. It provides priority access to new real estate launches, preferential pricing, and customised mortgage products.

The programme aligns with the Dubai Real Estate Strategy 2033 and the Dubai Economic Agenda D33. Its goal is to double the real estate sector’s contribution to Dubai’s GDP, supporting long-term economic growth. The announcement was made at a press conference attended by Majid Al Marri from DLD and Hadi Badri from DET.

Open to UAE residents aged 18 and above who do not own a freehold residential property in Dubai, the programme promotes social inclusion. It encourages long-term investment and contributes to community resilience. Units valued up to AED5 million will be offered at preferential rates.

Participating developers include Emaar, Nakheel, Meraas, DAMAC, Azizi, Dubai Properties, Binghatti, among others. Banks such as Commercial Bank of Dubai, Dubai Islamic Bank, Emirates NBD, Emirates Islamic, and Mashreq are offering tailored mortgage solutions.

Helal Saeed Almarri of DET stated that this programme would boost demand and liquidity in the real estate sector. "The programme will stimulate demand and liquidity in the real estate sector," he said. This initiative enhances Dubai’s global competitiveness while providing a sustainable model for urban development.

Omar Bu Shehab from DLD highlighted that this reflects Dubai’s commitment to a transparent property market. "The initiative reflects Dubai’s commitment to a transparent and inclusive property market," he noted. It marks a strategic step in enabling more residents to invest in their futures.

This collaborative effort between government bodies and private entities aims to create an inclusive environment for potential homeowners. By offering financial incentives and support, it seeks to make homeownership a viable option for many residents in Dubai.

With inputs from WAM