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Dubai’s First-Time Home Buyer Initiative drives AED 5 billion in home sales

More than 3,200 residents have purchased their first homes since the initiative launched in July 2025.

Dubai’s First-Time Home Buyer Initiative drives AED 5 billion in home sales
[Source photo: Krishna Prasad/Fast Company Middle East]

Dubai’s First-Time Home Buyer Program has generated more than AED5 billion ($1.36 billion) in residential property transactions and helped over 3,200 residents purchase their first homes since its launch in July 2025, highlighting growing demand for homeownership in the emirate.

The initiative, launched by Dubai Land Department (DLD) in partnership with the Dubai Department of Economy and Tourism (DET), is open to UAE residents aged 18 and above who do not currently own a freehold residential property in Dubai.

As part of the programme’s latest expansion, nine new developers have joined through strategic agreements with DLD, broadening the range of properties available to eligible buyers across the city. The new participants include 4Direction Developments, Arada, Dubai World Trade Center, IRTH Group, Manam, Qube Development, Reportage Properties, SAMANA Developers, and Sky View Real Estate.

Their addition brings the total number of participating developers to 22, providing first-time buyers with greater choice across locations, property types, and price points.

The program has attracted thousands of UAE residents in less than a year, reflecting its growing role in making homeownership more accessible while supporting Dubai’s ambition to remain a leading destination for living, working, tourism, and investment.

Five participating banks are also supporting the initiative by providing financing solutions designed to help eligible residents enter the property market.

According to DLD, the program is helping build a more sustainable, end-user-driven real estate market by aligning government policy with private-sector participation. The initiative is intended to strengthen investor confidence, attract and retain global talent, and encourage long-term residency in the emirate.

The expansion also supports the objectives of the Dubai Economic Agenda (D33), which aims to double the size of Dubai’s economy and further strengthen its position as a global hub for business and talent. In addition, it aligns with the Dubai Real Estate Strategy 2033, which seeks to increase homeownership rates and double the sector’s contribution to the emirate’s GDP.

DLD said the addition of new developers highlights Dubai’s continued focus on innovation, sustainable urban growth, and public-private collaboration, while reinforcing confidence in the emirate’s long-term development trajectory.

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