Latest news with #HelalSaeedAlmarri
Filipino Times
03-07-2025
- Business
- Filipino Times
Dubai launches new scheme to help expats and Emiratis buy their first home
Dubai has introduced the First-Time Home Buyer Programme to make it easier and more affordable for residents, both expatriates and Emiratis, to purchase their first homes. The program offers priority access to new property launches, special pricing on units up to AED 5 million, and mortgage solutions tailored to buyers' needs, Dubai Media Office reported. Launched on Wednesday by the Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET), the initiative was unveiled in the presence of representatives from major banks and real estate developers. It supports Dubai's goal to increase homeownership and double the real estate sector's contribution to the economy by 2033. Designed for all nationalities and income levels, the program is open to applicants aged 18 and above who live in the UAE and do not currently own freehold residential property in Dubai. '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,'His Excellency Helal Saeed Almarri, Director General of DET, said. His Excellency Omar Bu Shehab, Director General of DLD, noted that the programme aligns with the Dubai Real Estate Strategy 2033 and the Dubai Economic Agenda D33, aiming to make homeownership more accessible while encouraging long-term investment among residents. Participating banks include Commercial Bank of Dubai, Dubai Islamic Bank, Emirates NBD, Emirates Islamic, and Mashreq Bank, all offering mortgage products tailored for eligible first-time buyers. Meanwhile, leading real estate developers such as 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 have committed their support to the programme.
Business Recorder
03-07-2025
- Business
- Business Recorder
Dubai property: preferential rates, priority access for first-time buyers
Dubai on Monday launched the 'first-time home buyer programme' through which units valued up to AED5 million ($1.4m) will be offered at preferential rates. The initiative is backed by the Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET). As per DLD's website, perks include priority access to newly launched units from real estate developers, preferential prices on units reserved by program participants, flexible payment plans for registration fees through eligible credit cards, and competitive mortgage offers from banks. Pakistanis among top 5 buyers of real estate in Dubai, Indians top list Developers supporting the initiative include Emaar, Nakheel, Meraas, DAMAC, Azizi, Dubai Properties, Binghatti, and others. Meanwhile participating banks — Commercial Bank of Dubai, Dubai Islamic Bank, Emirates NBD, Emirates Islamic and Mashreq — will provide customised mortgage solutions. 'A city for everyone': Dubai announces 17,000 affordable homes 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 will stimulate demand and liquidity in the real estate sector, enhancing Dubai's global competitiveness and offering a sustainable model for urban development. Dubai property market 'shatters records' with AED 66.8bn of transactions in May: report In order to apply, residents must register via the DLD website or the Dubai REST app and submit the required information. If eligible, they will receive a confirmation email from DLD containing a QR code, which can be used to access programme benefits through participating developers and banks
Dubai Eye
03-07-2025
- Business
- Dubai Eye
Dubai launches initiative to assist first-time home buyers
Dubai has launched a programme for first-time home buyers, aiming to make homeownership more accessible and affordable by facilitating priority access to new launches, preferential pricing and tailored mortgage solutions. The First-Time Home Buyer Programme is applicable to properties less than AED 5 million and accessible to Emirati and expatriates of all nationalities and income levels, and to applicants aged 18 and above who are residents of the UAE. Khalid Al Shaibani, Director of Rental Affairs Department at Dubai Land Department, told Dubai Eye 103.8's The Agenda that the programme offers a flexible payment plan, either from the developer or special interest rates through banks. He added that the 4 per cent fee charged by the mainland department could be paid in interest-free installments over two years, with the aim to attract 5,000 new buyers this year. Leading developers have reportedly already committed to the programme, promising to support first-time home buyers through priority access to units in new off-plan launches, and enhanced commercial terms, including preferential pricing. Participating banks will provide "tailored mortgage products designed specifically for eligible buyers," as the programme reportedly continues to onboard new partners to increase the choice for buyers. Helal Saeed Almarri, Director General of the Dubai Department of Economy and Tourism (DET), said the initiative marks a "significant milestone" for the real estate sector. It "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," Almarri said. '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."
Arabian Business
02-07-2025
- Business
- Arabian Business
Dubai launches first-time home buyer programme with priority access, prices on properties up to $1.36m
Dubai will offer incentives and support to first-time home-buyers as it looks to boost real estate investment in the city. Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET) have officially launched the First-Time Home Buyer Programme, offering priority access to new off-plan launches, preferential pricing, and tailored mortgage solutions to eligible UAE residents. The initiative targets both Emiratis and expats and is designed to support the Dubai Real Estate Strategy 2033 and the Dubai Economic Agenda D33, which aims to double the size of Dubai's economy and real estate sector's contribution to GDP over the next decade. First-time Dubai real estate investors The programme offers enhanced commercial terms on properties valued up to AED5m ($1.36m). It is open to UAE residents aged 18 and over who do not currently own a freehold residential property in Dubai, and is available to all nationalities and income levels. Helal Saeed Almarri, Director General of the Dubai Department of Economy and Tourism (DET), said: '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. Buyers will receive priority access to units from Dubai's top real estate developers, including Emaar Properties Nakheel Meraas DAMAC Properties Dubai Properties Azizi Developments Ellington Binghatti Majid Al Futtaim Participating banks such as Emirates NBD, Mashreq, Dubai Islamic Bank, Emirates Islamic, and Commercial Bank of Dubai will offer customised mortgage products tailored to the programme's criteria. 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.'
Time Out Dubai
02-07-2025
- Business
- Time Out Dubai
Dubai launches first-time home ownership scheme for expats and Emiratis
If you're thinking of getting on the property ladder then Dubai has just made it easier for you to do so. The Dubai Land Department and Dubai Department of Economy and Tourism have launched a new programme a new home ownership programme for Emiratis and expats. The First-Time Home Buyer Programme will offer priority access to new launches, preferential pricing and tailored mortgage solutions in the emirate. Officially launched on Wednesday July 2, the initiative will offer support for first-time buyers. It's part of the emirate's Real Estate Strategy 2033, which aims to raise home ownership rates and double the sector's contribution to Dubai's GDP. Leading developers behind several of the city's biggest residential projects including Azizi Developments, Beyond, Binghatti Holding, DAMAC, Danube, Dubai Properties, Ellington Properties, Emaar Properties, Majid Al Futtaim, Meraas, Nakheel, Palma Holding and Wasl have all committed to the programme. The developers will offer support to first-time buyers by providing priority access to units in new off-plan launches and enhanced commercial terms – including preferential pricing on units up to Dhs5 million. Dubai launches landmark initiative further enabling first-time homeownership offering aspiring Emirati and expatriate homeowners priority access to new launches, preferential prices, and tailored mortgage solutions. The joint initiative by Dubai Land Department and the Dubai… — Dubai Media Office (@DXBMediaOffice) July 2, 2025 Who qualifies for the Dubai First-Time Home Buyer Programme? Participating banks include Commercial Bank of Dubai, Dubai Islamic Bank, Emirates NBD, Emirates Islamic and Mashreq bank. These banks will provide tailored mortgage products designed specifically for first-time home buyers. More partner banks will be added to the initiative at a later date. The programme has been created for all nationalities and income levels. It will be open to applicants aged 18 and above who are already residents of the UAE and who do not currently own a freehold residential property in Dubai. Those interested in the programme must register online here. The initiative has been launched as part of the UAE's Year of Community, which aims to help foster a community spirit throughout the country. Helal Saeed Almarri, Director General of the Dubai Department of Economy and Tourism (DET), said the programme lowers the barrier to home ownership. He said: '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 home ownership 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.' In other Dubai news Dubai Summer Surprises 2025 official dates revealed Big sales, fun concerts and so much more 14 cool things you can do in Dubai for 10 Dirhams (or less) Low on dirhams? No problem How to get 30% off taxi fares in Dubai Available in over 6,000 cabs
