Dubai Launches Landmark Initiative to Support First-Time Homeownership
The programme offers priority access to new property launches, preferential pricing, and tailored mortgage solutions, directly supporting the objectives of the Dubai Real Estate Strategy 2033 to increase homeownership rates and double the real estate sector’s contribution to Dubai’s GDP.
Programme Highlights
The initiative, unveiled on 2 July 2025 at a press conference attended by senior officials from DLD and DET, is closely aligned with the Dubai Economic Agenda D33 and the UAE’s Year of Community, strengthening social cohesion and economic resilience.
Key developers—including Emaar, DAMAC, Nakheel, Azizi, Meraas, Ellington, Majid Al Futtaim, Danube, Wasl, and Dubai Properties—are offering units priced up to AED 5 million with exclusive terms for first-time buyers.
Participating banks such as Emirates NBD, Dubai Islamic Bank, Mashreq, Emirates Islamic, and Commercial Bank of Dubai will provide customized mortgage plans to eligible buyers.
Eligibility
The programme is open to UAE residents of all nationalities aged 18 and above who do not currently own a freehold residential property in Dubai.
Leadership Insights
His Excellency Helal Saeed Almarri, Director General of DET, emphasized that the programme marks a “significant milestone for the real estate sector” and reinforces Dubai’s position as a global hub for sustainable urban development.
His Excellency Omar Bu Shehab, Director General of DLD, added:
“By easing entry into homeownership, we empower individuals and families to invest in their futures while strengthening the market’s resilience and transparency.”
How to Register
Eligible applicants can register through the Dubai Land Department by submitting property preferences. For more details, visit the First-Time Home Buyer Programme section on the official DLD website.