Latest news with #HadiBadri
Hi Dubai
03-07-2025
- Business
- Hi Dubai
Dubai Launches First-Time Home Buyer Programme to Boost Property Ownership and Economic Growth
Dubai has unveiled a major new initiative to support first-time property buyers, offering Emiratis and expatriates easier access to homeownership through preferential pricing and customised mortgage solutions. 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
Gulf Today
02-07-2025
- Business
- Gulf Today
Dubai launches landmark plan for first-time homeownership
Staff Reporter, Gulf Today 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 Wednesday 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 Dhs 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. 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.' Individuals and agencies must register eligible applicants with DLD and submit their property preferences. To find out more about registering please visit the website First-Time Home Buyer programme -Dubai Department of Economy and Tourism (DET) With the ultimate vision of making Dubai the world's leading commercial centre, investment hub and tourism destination, the Dubai Department of Economy and Tourism (DET) is mandated to support the Government in positioning the emirate as a major hub for global economy and tourism, and in boosting the city's economic and tourism competitiveness indicators, in line with the goals of the Dubai Economic Agenda, D33, which aims to double the size of the emirate's economy and consolidate its position among the top three global cities over the next decade. Under this remit, DET is driving efforts to further enhance Dubai's diversified, innovative service-based economy to attract top global talent, deliver a world-class business environment and accelerate productivity growth. Additionally, DET is supporting Dubai's vision to become the world's best city to visit, live and work.
Al Etihad
02-07-2025
- Business
- Al Etihad
Dubai launches landmark initiative enabling first-time homeownership
2 July 2025 18:55 DUBAI (ALETIHAD)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 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 the UAE's Year of Community by strengthening social cohesion and economic 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 Dh 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 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 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. 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.'
Zawya
02-07-2025
- Business
- Zawya
Dubai launches landmark initiative enabling first-time homeownership
The Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET) have jointly launched the First-Time Home Buyer Programme, a major initiative aimed at making homeownership more accessible for Emiratis and expatriates. The programme offers priority access to new real estate launches, preferential pricing, and tailored mortgage products. It aligns with the Dubai Real Estate Strategy 2033 and the Dubai Economic Agenda D33, aiming to double the real estate sector's contribution to Dubai's GDP and support long-term economic growth. Announced during a press conference at DLD, the launch was attended by Majid Al Marri, CEO of the Real Estate Registration Sector at DLD, and Hadi Badri, CEO of the Dubai Economic Development Corporation at DET, along with senior representatives from leading banks and developers. Developers supporting the initiative include Emaar, Nakheel, Meraas, DAMAC, Azizi, Dubai Properties, Binghatti, and others. Units valued up to AED5 million will be offered at preferential rates. Participating banks—Commercial Bank of Dubai, Dubai Islamic Bank, Emirates NBD, Emirates Islamic and Mashreq—will provide customised mortgage solutions. Open to all UAE residents aged 18 and above who do not currently own a freehold residential property in Dubai, the programme aims to promote social inclusion, encourage long-term investment and contribute to community resilience. Helal Saeed Almarri, Director-General of DET, said the programme would stimulate demand and liquidity in the real estate sector, enhancing Dubai's global competitiveness and offering a sustainable model for urban development. Omar Bu Shehab, Director-General of DLD, said the initiative reflects Dubai's commitment to a transparent and inclusive property market and marks a strategic step in enabling more residents to invest in their futures.
Hi Dubai
19-05-2025
- Business
- Hi Dubai
Dubai Department of Economy and Tourism Showcases Industrial Strength at ‘Make it in the Emirates' 2025
Dubai Department of Economy and Tourism (DET) will spotlight the emirate's fast-growing manufacturing sector at Make it in the Emirates 2025, taking place from May 19 to 22 at the ADNEC Centre in Abu Dhabi. As one of the UAE's leading industrial events, the forum gathers key government entities, investors, and manufacturers to drive forward national industrial and export objectives. DET's participation aligns with the Dubai Economic Agenda D33, which aims to position Dubai as a global hub for advanced manufacturing and future-ready industrial investment. The Dubai Pavilion will feature major industrial stakeholders including Dubai Industrial City, National Industries Park, Dubai Integrated Economic Zones Authority, Dubai Chambers, and Dubai South. Together, they will showcase the emirate's integrated approach to industrial growth, highlighting business incentives, export support, and world-class infrastructure. In 2024, Dubai's manufacturing sector recorded AED28.3 billion in GDP and attracted AED5.8 billion in foreign direct investment—more than double the previous year. DET will present key initiatives at the forum, including the Export Assistance Programme, the Elite Buyer Programme, and the Industry Friendly Power Policy, which supports green and cost-efficient energy use in industrial sectors. Hadi Badri, CEO of the Dubai Economic Development Corporation, said Dubai's manufacturing rise reflects years of strategic planning, public-private collaboration, and smart regulation. 'This is a market where manufacturers can innovate, scale, and export with confidence,' he noted. With over 1,100 Greenfield projects and a record AED52.3 billion in FDI last year, Dubai's industrial sector continues to attract global attention. The emirate's presence at Make it in the Emirates reinforces its commitment to economic diversification and global competitiveness. News Source: Emirates News Agency
