logo
Dubai Launches Landmark Initiative Further Enabling First-Time Homeownership

Dubai Launches Landmark Initiative Further Enabling First-Time Homeownership

Al Bawaba2 days ago
In a landmark initiative set to transform Dubai's real estate landscape, Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET) have launched the First-Time Home Buyer Programme. Designed to make homeownership more accessible and financially affordable for Emiratis and expatriates, the programme offers priority access to new launches, preferential pricing, and tailored mortgage solutions. It aligns with the Dubai Real Estate Strategy 2033 objectives to raise homeownership rates and double the sector's contribution to Dubai's GDP.The First-Time Home Buyer Programme was officially launched on 2 July during a press conference at Dubai Land Department attended by Majid Al Marri, CEO of Real Estate Registration Sector at Dubai Land Department, and Hadi Badri, CEO of the Dubai Economic Development Corporation (DEDC), the economic development arm of DET, as well as other senior officials from DLD, DET, and key strategic partners, including prominent banks and real estate developers. Supporting the Dubai Economic Agenda D33, and Dubai Real Estate Strategy 2033, which aims to double the size of Dubai's economy, the initiative further contributes to the goals of UAE's Year of Community by strengthening social cohesion and economic resilience. The First-Time Home Buyer programme showcases the power of collaborative partnerships between Dubai's public and private sectors, which has become a defining characteristic of the city's economic strategy. Leading developers already committed to the programme include Azizi Developments, Beyond developments, Binghatti Holding, DAMAC Properties, Danube properties, Dubai Properties, Ellington Properties, Emaar Properties, Majid Al Futtaim Group, Meraas, Nakheel, Palma Holding, and Wasl. These partners are offering unprecedented support to first-time home buyers through priority access to units in new off-plan launches, and enhanced commercial terms, including preferential pricing on units up to AED 5 million.Participating banks include Commercial Bank of Dubai, Dubai Islamic Bank, Emirates NBD, Emirates Islamic and Mashreq bank will provide tailored mortgage products designed specifically for eligible buyers. The programme will continue to onboard new partners post the launch to increase the choice for first time home buyers. Created for all nationalities and income levels, the programme is open to applicants aged 18 and above who are residents of the UAE, and who do not currently own a freehold residential property in Dubai.His Excellency Helal Saeed Almarri, Director General of the Dubai Department of Economy and Tourism (DET), said: 'The launch of the First-Time Home Buyer Programme is a testament to the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, marking a significant milestone for the real estate sector and highlighting our commitment to broad-based growth.'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 in line with the Dubai Economic Agenda, D33. By lowering entry barriers to homeownership for Emiratis and expatriates alike, we are enhancing investor confidence, increasing market absorption rates, and reinforcing Dubai's global positioning as a city where personal aspirations and business ambitions converge.'In a global climate where housing accessibility is a structural challenge, Dubai is offering a model of sustainable urban development—one that supports talent retention, fosters community cohesion, and enhances the city's competitiveness as a place to live, work, and invest.
His Excellency Omar Bu Shehab, Director General of Dubai Land Department (DLD), said: 'The First-Time Home Buyer programme embodies Dubai's strategic vision for a more inclusive, transparent, and accessible real estate market. By easing entry into homeownership, we empower individuals and families to invest in their futures while supporting the Dubai Real Estate Strategy 2033's broader objectives and Dubai Economic Agenda D33. This initiative is a key driver of market resilience and positions Dubai as a global benchmark for sustainable urban development.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Syria's new logo stirs controversy over German alcohol brand resemblance
Syria's new logo stirs controversy over German alcohol brand resemblance

Al Bawaba

time5 hours ago

  • Al Bawaba

Syria's new logo stirs controversy over German alcohol brand resemblance

Published July 6th, 2025 - 09:30 GMT ALBAWABA - Syria's rebranded logo recently stirred controversy on the internet after several social media users said that it resembles a German alcohol brand called 'Gut Avelsbach'. Additionally, due to political tensions in Syria, several others mocked the new logo using memes in protest of the recently appointed Syrian President Ahmed Al-Sharaa, after the ousting of Bashar Assad. On the contrary, many called the resemblance far-fetched and an attempt to stir hate towards something as simple as a rebranded logo. Several others pointed out that both logos use a golden bird as their base. Syria's new logo stirs controversy over German alcohol brand resemblance — 𝐓𝐍𝐓 (@TNT_arabic) July 4, 2025 The most noticeable difference is the addition of three stars above the bird in Syria's new logo, resembling those on the Syrian flag. However, the falcons on both logos look very similar as they are both striking the same pose and have the same number of feathers, which helped spark the controversy at hand. A social media user wrote on X (formerly known as Twitter) in response to a post discussing the matter in question, "A foolish comparison, and what's meant is even more foolish. Enough with these useless quarrels." Another added, "I don't see it, there's definitely a difference..." © 2000 - 2025 Al Bawaba (

Your Next Lucky Number Is a Bid Away at Ooredoo's Fifth Vanity Number Auction
Your Next Lucky Number Is a Bid Away at Ooredoo's Fifth Vanity Number Auction

Al Bawaba

time8 hours ago

  • Al Bawaba

Your Next Lucky Number Is a Bid Away at Ooredoo's Fifth Vanity Number Auction

Get ready, Ooredoo's fifth Vanity Number Auction of 2025 is here, offering customers another round of exclusive numbers that adds a personal touch to their mobile opens on 7 July at 9am and will remain open for 24 hours. The bidding kicks off on 8 July at 9am and runs for an action-packed 6 hours. To enter, simply register with a fee of OMR 10 and get ready to bid for your dream auction isn't just about getting a unique number; it's also a way to give back and drive positive change. As with previous auctions, all proceeds will go towards charitable causes supporting communities across Oman. Ooredoo's exclusive collection of Gold and Diamond vanity numbers will be available for preview ahead of the auction at Returning bidders can log in using their existing credentials for a seamless experience. Don't miss out - register, bid, and make an impact. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.

Tomorrow Takes Flight: The Emirates Group showcases collaborative sustainability initiatives in aviation
Tomorrow Takes Flight: The Emirates Group showcases collaborative sustainability initiatives in aviation

Al Bawaba

time11 hours ago

  • Al Bawaba

Tomorrow Takes Flight: The Emirates Group showcases collaborative sustainability initiatives in aviation

The Emirates Group's efforts to align with this year's UN call to end plastic pollution were on display at its 'Tomorrow Takes Flight' event, its annual sustainability showcase. The exhibition echoed the international organisation's mission to reduce single-use plastic products, spotlighting Emirates' and dnata's efforts and approach to 'Consuming Responsibly' through sourcing, reusing, repurposing, and reducing plastic and other year's exhibition showcased initiatives that are driving impact across the organisation, including projects at both Emirates and dnata being implemented with like-minded partners and across departments and businesses like engineering, catering, cargo, airport operations, travel, service delivery, and the conference stage, employees heard about the work Emirates, dnata and partners are doing to advance sustainable practices, with panellists from Emirates Engineering, Flight Operations, Service Delivery, Emirates SkyCargo and dnata Technical Services in addition to a powerful lineup of industry partners like the University of Cambridge, the UAE GCAA, Airbus, Boeing, ENOC, Cobus Industries GmbH, TLD, Mallaghan, GE Aerospace, Rolls-Royce and Dubai Airports contributing to at the opening of 'Tomorrow Takes Flight', Adel Al Redha, Emirates' Deputy President & Chief Operations Officer said: 'Today's event celebrates our sustainability journey while educating and inspiring our people through the showcased initiatives and meaningful discussions on sustainable practices. Environmental responsibility is essential to achieving our objectives as an airline and as an industry, and it supports the UAE's Net Zero 2050 governments and communities demanding meaningful action, collective responsibility across the entire ecosystem is vital. Emirates is making progress with emissions reduction projects across our operations, and we're actively pursuing programmes that conserve resources through recycling and responsible sourcing. Collaboration with industry partners will be crucial in the years ahead to enhance the recyclability of materials across the supply also encouraging our teams to build on the success of existing initiatives and push boundaries to develop new approaches that address the full spectrum of operational waste, and today is a great example of these drives. From cabin materials and catering to ground operations and maintenance, every touchpoint presents an opportunity to minimise environmental impact.'Steve Allen, dnata's CEO, added: 'Sustainability is a fundamental part of how we operate as a global business. It shapes the decisions we make, the investments we prioritise, and the standards we set for ourselves and our partners. 'We are driving progress through action: investing in renewable energy infrastructure at our facilities, accelerating the shift to electric ground support equipment, and collaborating with alternative fuel suppliers to lower emissions. At the same time, we're tackling food waste, promoting responsible consumption, and expanding recycling programmes as part of a broader shift toward circular resource management.'These initiatives are united by a clear ambition: to grow responsibly while delivering meaningful, lasting impact. This commitment is reflected in our team's innovative, creative solutions and community partnerships, extending our efforts well beyond our core operations.'It was a pleasure to highlight dnata's initiatives to colleagues and partners through this unique event - a great opportunity to celebrate progress, share ideas, and strengthen the sense of purpose behind our sustainability journey.'Sustainability initiatives on showcase included:The next chapter of 'Aircrafted by Emirates', which includes transforming retired aircraft parts into functionally aesthetic items with a focus on metal and different composite materialsService Delivery teams presented onboard products using alternative or recycled cleanup efforts at the Dubai Desert Conservation ReserveAn Emirates Flight Catering biodigester interactive displaySustainable food samples provided by MMI, Emirates Leisure Retail, dnata Catering & Retail and Emirates Flight Cateringdnata showcased its global sustainability efforts through a diverse range of initiatives across its international businesses at the event. The Catering team highlighted the use of plant-based packaging and a commitment to minimising waste by making the most of every ingredient in their kitchens. dnata Cargo demonstrated its comprehensive recycling programmes, while marhaba presented lounge initiatives focused on reducing food waste. The event also featured sustainability projects from dnata Travel, including the deployment of a river interceptor in Sri Lanka to prevent ocean pollution and the distribution of reusable items to employees - reinforcing the company's commitment to responsible like Ecyclex and Reloop demonstrated how different waste streams are recycled, including e-waste, in collaboration with Emirates Group IT, and dedicated a part of their display for employees to drop recyclables; Falcon Aircraft Recycling showcased products made of recycled aircraft parts and Dubai Can illustrated the progress of its Dubai Reef project, the world's largest single purpose-built reef development. The United Nations Global Compact (UNGC) outlined global sustainability principles, SDG's and this year's UN theme to #beatplasticpollution. Dubai Airports showcased how they are tackling airport-specific waste through innovation and collaboration, driving meaningful reductions across the airport also participated in quizzes and games, booth challenges, and other interactive activities to win prizes. Participants were also encouraged to contribute to the event's 'Bottle Wall', prior to the event. Collected bottles were upcycled into custom plant pots for staff to take home as part of the Tomorrow Takes Flight challenge. To learn more about what Emirates' environmental efforts and key focus areas - reducing emissions, consuming responsibly and preserving wildlife and habitats check out: Connecting Tomorrow. © 2000 - 2025 Al Bawaba (

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store