Dubai launches landmark plan for first-time homeownership

The First-Time Home Buyer Programme offers aspiring Emirati and expatriate homeowners priority access to new launches, preferential prices, and tailored mortgage solutions

- 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 home ownership 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.