Dubai Launches Incentive Program to Support First-Time Property Buyers

In a major initiative to enhance home ownership and strengthen investment in the real estate sector, the Dubai Land Department (DLD), in collaboration with the Department of Economy and Tourism, announced a new programme offering exclusive benefits for first-time property buyers who are UAE residents.

The programme—launched with the support of over 13 developers, five banks, and various strategic partners—aims to provide affordable and accessible pathways to homeownership for eligible residents. This move aligns with the goals of the Dubai Economic Agenda (D33), which seeks to improve residents' quality of life and stimulate long-term investment in the emirate.

Key Benefits for First-Time Buyers:

• Priority access to new property launches

• Preferential pricing on selected units from participating developers

• Flexible mortgage solutions via participating banks

• Zero-interest payment of registration fees

• Open eligibility to lease or sell the property without restrictions

Majid Al Marri, CEO of the Real Estate Registration Sector at DLD, emphasized the initiative's investment potential, stating, “We are welcoming around 10,000 new investors each month to Dubai, and this programme will help us grow those numbers further.”

Who Is Eligible?

Khalid Al Shaibani, Director of the Rental Affairs Department at DLD, outlined the eligibility criteria:

• UAE residents aged 18 and above

• Holders of a valid Emirates ID

• Must be first-time property buyers

• Property value must be less than AED 5 million

“This is a strategic and social programme designed to allow individuals to own their first home based on fair and clear criteria. It is both safe and accessible,” Al Shaibani said.

Buyers can register for the programme through the DLD website or the Dubai REST app to gain access to exclusive new projects, developer discounts, and tailored payment plans.

The programme is seen as a major step toward promoting long-term residence and economic participation in Dubai, particularly at a time when real estate prices are seen as favourable for investment.