Dubai launches first-time buyer initiative to boost youth-driven real estate growth

Real Estate

Dubai launches first-time buyer initiative to boost youth-driven real estate growth

The Dubai Land Department (DLD) has announced a landmark programme designed to support first-time homebuyers, a move expected to drive youth participation in real estate and strengthen long-term market stability.

The initiative, targeting UAE residents aged 18 and above who have never owned property in Dubai, provides a range of benefits including preferential pricing from leading developers, flexible mortgage options from top banks, and fee relief through instalment-based registration plans. Properties valued at under AED 5 million will be eligible under the scheme.

Redefining real estate for younger generations

Industry leaders have welcomed the launch as a strategic milestone. Badar Rashid Alblooshi, Chairman of Arabian Gulf Properties, said the programme repositions real estate as both an accessible and aspirational asset class.

“Younger generations—especially digital natives—have been drawn to high-risk assets like cryptocurrency and equities, often sidelining property. What DLD has done is make ownership practical and achievable, encouraging young buyers to see property as a step toward financial security,” Alblooshi noted.

He added that by removing financial and procedural barriers, the initiative is set to attract a new wave of end-users and energize Dubai’s property market.

Global alignment with best practices

Dubai’s approach places it among a group of countries that have introduced targeted programmes for first-time buyers. Examples include Canada’s property transfer tax exemptions, Finland’s subsidized mortgage schemes, the Netherlands’ tax exemptions for young buyers, Australia’s First Home Owner Grant (FHOG), Ireland’s shared equity co-investment model, and selected U.S. states offering homestead exemptions.

Alblooshi highlighted that Dubai’s scheme is both globally competitive and locally relevant, addressing economic realities and generational needs while preserving the emirate’s investor appeal.

Supporting Dubai’s long-term strategy

The first-time buyer initiative is aligned with the Dubai Economic Agenda (D33) and the Real Estate Strategy 2033, which aim to diversify economic growth and strengthen market resilience. By shifting focus toward end-user ownership, the programme is expected to enhance affordability, increase homeownership, and ensure greater long-term stability in the real estate sector.