Dubai Launches First-Time Home Buyer Programme to Boost Property Ownership and Economic Growth
Launched jointly by the Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET), the First-Time Home Buyer Programme is designed to stimulate real estate demand and contribute to the emirate's long-term economic agenda. The initiative supports the Dubai Real Estate Strategy 2033 and the D33 Economic Agenda, which aim to double the real estate sector's contribution to GDP.
The programme provides early access to new property launches, discounted unit prices, and mortgage products tailored by participating banks including Emirates NBD, Mashreq, and Dubai Islamic Bank. Properties priced up to AED5 million from developers such as Emaar, DAMAC, Nakheel, and Azizi will be available under the scheme.
Available to all UAE residents aged 18 and above who do not currently own a freehold residential property in Dubai, the programme is part of a wider push to promote social inclusion, economic resilience, and community development.
Senior officials including Majid Al Marri of DLD and Hadi Badri of DET announced the initiative at a press event, highlighting its potential to drive sustainable urban development and strengthen Dubai's position as a global real estate hub.
Helal Saeed Almarri, Director-General of DET, noted that the programme would increase market liquidity and investor confidence. Omar Bu Shehab, Director-General of DLD, called it a strategic step towards a more inclusive and transparent property market.
News Source: Emirates News Agency
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