Dubai has introduced a new initiative aimed at supporting both Emiratis and expatriates in purchasing their first home. The First-Time Home Buyer Programme, launched by the Dubai Land Department and the Department of Economy and Tourism, offers priority access to new property launches, preferential pricing, and custom mortgage solutions. It forms part of the Real Estate Strategy 2033, which seeks to increase ownership rates and boost the real estate sector’s contribution to the city’s GDP.
Leading developers such as Emaar, DAMAC, Nakheel, Meraas, and Azizi have pledged support by offering enhanced commercial terms on units priced up to AED 5 million. Participating banks including Emirates NBD, Dubai Islamic Bank, and Mashreq will provide mortgage products tailored for first-time buyers. More banks are expected to join the initiative in the future.
The programme is open to UAE residents of all nationalities aged 18 and above who do not currently own a freehold residential property in Dubai. Interested applicants must register online to access the benefits. Officials describe the programme as a strategic tool to improve housing accessibility, strengthen community ties, and position Dubai as a competitive and inclusive city for living and investment.
