Dubai Launches Groundbreaking First-Time Home Buyer Programme to Boost Property Ownership and Economic Growth
In a milestone move aimed at transforming its real estate market and fostering inclusive economic growth, the Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET) have officially launched the First-Time Home Buyer Programme. The initiative is designed to make property ownership more accessible and financially feasible for both Emirati and expatriate residents across Dubai.
The programme provides priority access to new off-plan launches, preferential pricing, and customized mortgage solutions from participating banks and developers. It aligns with multiple national and emirate-level strategic frameworks, including the Dubai Real Estate Strategy 2033, the Dubai Economic Agenda D33, and the UAE’s Year of Community.
A Visionary Step Toward Sustainable Urban Development
Launched during a press conference held at DLD, the programme was unveiled in the presence of top officials, including Majid Al Marri, CEO of the Real Estate Registration Sector at DLD, and Hadi Badri, CEO of the Dubai Economic Development Corporation (DEDC). Prominent banks and real estate developers were also present, underscoring the programme’s public-private collaborative framework.
“This initiative represents a powerful economic lever—stimulating long-term demand, driving liquidity into the real estate ecosystem, and accelerating the sector’s contribution to GDP,” said His Excellency Helal Saeed Almarri, Director General of DET. “It also strengthens Dubai’s global competitiveness as a city where personal aspirations and business ambitions converge.”
H.E. Omar Bu Shehab, Director General of DLD, added: “The First-Time Home Buyer programme embodies Dubai’s strategic vision for a more inclusive, transparent, and accessible real estate market. It is a key driver of market resilience and long-term sustainability.”
Widespread Industry Support
Leading developers backing the initiative include Azizi Developments, Emaar, Damac, Ellington, Nakheel, Meraas, Dubai Properties, and others, offering buyers enhanced commercial terms and early access to units priced up to AED 5 million.
Participating financial institutions—Emirates NBD, Emirates Islamic, Dubai Islamic Bank, Mashreq, and Commercial Bank of Dubai—will provide tailored mortgage packages for qualified first-time buyers.
Open to All UAE Residents
The programme is open to all UAE residents aged 18 and above who do not currently own freehold residential property in Dubai. It aims to enhance homeownership rates, increase market absorption, and provide long-term financial empowerment for a wider demographic.
Beyond addressing housing affordability, the programme supports community cohesion, talent retention, and sustainable urban development, reinforcing Dubai’s model as a future-forward city of opportunity.
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