Latest news with #DubaiDepartmentOfEconomyAndTourism
Al Bawaba
04-07-2025
- Business
- Al Bawaba
Dubai Launches Landmark Initiative Further Enabling First-Time Homeownership
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 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 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 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.'
UAE Moments
25-06-2025
- Business
- UAE Moments
8.68 Million Tourists Visit Dubai From January to May 2025
Dubai's tourism sector continues to thrive, attracting 8.68 million international visitors between January and May 2025, a 7% increase compared to the same period last year, when the city recorded 8.12 million arrivals. According to the Dubai Department of Economy and Tourism (DET), the city welcomed 1.53 million visitors in May alone, highlighting its growing global appeal. Where Tourists Are Coming From Western Europe led the list of source markets, contributing 1.917 million tourists, about 22% of the total. Coming in next were: Russia, CIS & Eastern Europe: 1.396 million visitors (16%) GCC countries: 1.275 million (15%) South Asia: 1.242 million (14%) Middle East & North Africa: 989,000 (11%) Northeast & Southeast Asia: 771,000 (9%) The Americas: 601,000 (7%) Africa: 346,000 (4%) Australia: 141,000 (2%) Dubai Hotels: Growth in Capacity and Performance Dubai's hospitality sector has kept pace with demand. As of May 2025, the city had 825 hotel establishments with a total of 153,356 rooms, up from 822 hotels and 150,202 rooms in May 2024.
Gulf Business
25-06-2025
- Business
- Gulf Business
Dubai attracts 8.68 million international visitors in first 5 months of 2025
Image: Getty Images/ For illustrative purposes Dubai attracted 8.68 million international visitors from January to May 2025, marking a 7 per cent increase compared to the same period in 2024, which recorded 8.12 million tourists, according to the latest data released by the Dubai Department of Economy and Tourism ( In May alone, the city welcomed 1.53 million international tourists, the Tourism Performance Report January – May 2025 showed. Western Europe was the leading source market, contributing 1.917 million visitors and accounting for 22 per cent of the total. Russia, the Commonwealth of Independent States (CIS) countries, and Eastern Europe followed with 1.396 million tourists (16 per cent). International visitors from Asia and MENA region South Asia came third with 1.242 million visitors (14 per cent), while the GCC region accounted for 1.275 million (15 per cent). The Middle East and North Africa brought in 989,000 visitors (11 per cent), followed by Northeast and Southeast Asia with 771,000 tourists (9 per cent). The Americas contributed 601,000 visitors (7 per cent), Africa 346,000 (4 per cent), and Australia 141,000 (2 per cent). Dubai hotel inventory As of May, Dubai's hotel inventory grew to 825 establishments offering 153,356 rooms, up from 822 hotels and 150,202 rooms in May Average hotel occupancy increased to 83 per cent, up from 81 per cent during the same period last year. Total occupied room nights reached 19.09 million, a 4 per cent rise from 18.34 million in 2024. Visitors stayed an average of 3.8 nights per trip. The average daily room rate climbed to Dhs620, a 5 per cent increase from Dhs590 in the previous year. Revenue per available room (RevPAR) also rose by 7 per cent, reaching Dhs513, compared to Dhs478 in the same period of 2024.
Arabian Business
24-06-2025
- Business
- Arabian Business
Dubai attracts 8.68m visitors in first five months of 2025 as hotel room numbers reach 153,356
Dubai attracted 8.68m international visitors between January and May 2025 — a 7 per cent increase compared to the same period in 2024, which saw 8.12 million arrivals — according to the latest Tourism Performance Report released by the Dubai Department of Economy and Tourism (DET). The report revealed that Dubai hosted 1.53 million international visitors in May alone, underlining the emirate's continued global appeal as a year-round destination. Western Europe topped the list of source markets, contributing 22 per cent of total visitors — approximately 1.917m tourists. This was followed by: Russia, CIS and Eastern Europe: 1.396m visitors (16 per cent) South Asia: 1.242m visitors (14 per cent) GCC region: 1.275m visitors (15 per cent) Middle East and North Africa: 989,000 visitors (11 per cent) Northeast and Southeast Asia: 771,000 visitors (9 per cent) Americas: 601,000 visitors (7 per cent) Africa: 346,000 visitors (4 per cent) Australia: 141,000 visitors (2 per cent) Dubai's hospitality sector also posted strong year-on-year growth. By the end of May 2025, the city had 825 hotel establishments with a combined 153,356 rooms — up from 822 hotels with 150,202 rooms in May 2024. Dubai tourism growth Average hotel occupancy: 83 per cent (up from 81 per cent in 2024) Total occupied room nights: 19.09m (up 4 per cent from 18.34 million in 2024) Average length of stay: 3.8 nights Average daily room rate: AED620 ($169) — a 5 per cent increase from AED590 ($161) Revenue per available room (RevPAR): AED513 ($140) — up 7 per cent from AED478 ($130) The sustained momentum in Dubai's tourism and hospitality industries reflects the city's robust infrastructure, global connectivity, and commitment to diversified experiences .
