Dubai has introduced a new programme for first-time homebuyers, designed to make the city’s thriving property market more accessible. The initiative, launched by the Dubai Land Department (DLD), targets properties priced at AED 5 million (approximately USD 1.36 million), offering a range of incentives to encourage residents to take their first step on the property ladder.
The scheme is expected to stimulate long-term market growth while supporting Dubai’s goal of attracting younger generations and long-term residents to invest in real estate.
Incentives offered under the scheme
The programme includes several benefits aimed at reducing the financial burden of buying a home:
- Early access to new launches from leading developers, giving first-time buyers priority over certain units.
- Discounted prices and preferential rates to make properties more affordable.
- Flexible payment plans, including options to spread out instalments and ease upfront costs.
- Mortgage support from partner banks, with competitive rates and repayment terms extending up to 18 years.
- Relief on registration fees, available in select cases to further reduce the cost of ownership.
These measures are designed to shift more residents from renting to owning, strengthening community stability and encouraging long-term investment in Dubai.
Eligibility criteria
To qualify for the scheme, applicants must meet specific requirements:
- Be aged 18 or above with a valid UAE residency.
- Not currently owning a freehold residential property in Dubai.
- Purchase a home valued at AED 5 million or less.
The eligibility rules ensure that the initiative is reserved for genuine first-time buyers and not repeat investors.
How this could impact Dubai residents
The new scheme comes at a time when many residents are weighing the choice between renting and owning. With rental costs rising across key neighbourhoods, the initiative could provide much-needed relief by offering an affordable pathway to homeownership.
For younger professionals and families planning long-term stays in Dubai, the ability to buy with discounted pricing and easier mortgage terms could be a turning point. Analysts suggest the initiative will not only stabilise demand in the residential sector but also encourage more sustainable growth across the real estate market.
This programme supports Dubai’s wider economic and real estate strategies, including the city’s long-term urban development plans. By focusing on first-time buyers, the initiative ensures that growth is not driven solely by investors but by end-users who will contribute to vibrant communities across the emirate.
It also reflects Dubai’s commitment to making the property market accessible to a broader segment of its population, strengthening its position as a city where residents see a future of stability and investment.
What buyers should do next?
Interested residents can begin by registering through official Dubai Land Department channels. Once approved, they can access information about participating developers and banks, along with the incentives tied to specific projects.
Acting early could be key, as discounted units and favourable mortgage offers are likely to attract significant interest. Buyers are encouraged to carefully compare payment plans, interest rates, and eligibility conditions before making their decision.
The launch of the first-time homebuyer scheme in Dubai marks a significant step in expanding the property market to a broader audience. With incentives that ease financial challenges, flexible mortgage options, and a focus on properties under AED 5 million, the initiative creates new opportunities for residents who aspire to own a home in the city.
For many, it may be the right moment to transition from renting to owning — and take advantage of Dubai’s growing reputation as one of the world’s most dynamic real estate markets.
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