Dubai’s First-Time Home Buyer Programme
The Dubai First-Time Home Buyer Programme is a landmark initiative that heralds new possibilities for home ownership. In other words, with this scheme, home ownership will be commoditized for Emiratis and expatriates alike. As a strategy, the First-Time Home Buyer Programme is set to boost the Dubai property market, thereby the mechanism supporting the great ambitions for economic and real estate growth under the Dubai Economic Agenda D33 and the Dubai Real Estate Strategy 2033.
Priority Access for Eligible Buyers
Priority access to fresh launches by leading developers of Dubai is at the core of the homeownership programme. Eligible buyers will be offered a choice from a minute selection of off-plan properties in Dubai, giving them practically the first movers’ advantage before the offers are laid upon the general market.
Participating developers include:
Emaar Properties
Nakheel
Meraas
DAMAC Properties
Dubai Properties
Azizi Developments
Ellington
Binghatti
Majid Al Futtaim
This very special perk enables first-time buyers to claim in-demand units, and it also bestows early-bird prices and payment plans upon them.
Price Caps and Property Options Up to $1.36M
Properties that go up to AED 5 million (equivalent to around $1.36 million) are under coverage for this programme, spoiling aspiring homeowners for choice. This ceiling is set up to encompass both affordable and mid-luxury segments and thereby keep the initiative relevant for even the wider spectrum of buyers.
Key financial benefits:
- Preferential pricing and special discounts on exclusive units
- Flexible payment plans for off-plan purchases
- Interest-free installments applicable for Dubai Land Department (DLD) registration fees, payable through eligible credit cards
- Mortgage tuned for you with the best rates and fees from top banks
Impact on Dubai’s Real Estate Market
The Dubai first-time home buyer initiative is creating great anticipation about a game-changing impact on the Dubai property market.
- Lowering the barriers to entry into the real estate ecosystem:
- Stimulating long-term demand and providing liquidity in real estate
- Accelerating absorption in the market, particularly for off-plan properties in Dubai
- Building investor confidence and advancing further in Dubai’s ranking as a prime destination for living, working, and investment
Officials highlight how significant the programme is towards resilience of the markets and toward positioning Dubai as an international benchmark for sustainable urban development.
“By easing entry into homeownership, we allow persons and families to invest in their futures while supporting the broader objectives of the Dubai Real Estate Strategy 2033 and Dubai Economic Agenda D33.”
—Omar Bu Shehab, Director General of the Dubai Land Department
The initiative is additionally thought to foster talent retention, the fostering of community cohesion, and the perpetuation of inter-country competitive capabilities of Dubai.
