New initiative offers priority access, special pricing, and tailored mortgage solutions on homes up to $1.36 million to support aspiring homeowners
In a bold move to empower residents and energize its thriving real estate market, Dubai has unveiled a new First-Time Home Buyer Programme, offering a suite of benefits to individuals entering the property market for the first time. The initiative aims to make homeownership more accessible, with incentives such as preferential pricing, streamlined approvals, and customized mortgage packages on residential units valued up to AED 5 million (approximately $1.36 million USD).
The Dubai Land Department (DLD), in collaboration with key government and private sector partners, is spearheading the initiative. The programme is part of a broader vision to make the emirate not only a global investment hub but also a welcoming and sustainable place to live for professionals, families, and long-term residents.
“This programme isn’t just about buying a home — it’s about creating stability, investing in the future, and fostering a sense of belonging,” said a DLD spokesperson. “We want to support individuals in achieving their dream of homeownership, particularly as the city continues to grow in both ambition and population.”
Key Features of the Programme:
Priority Access: First-time buyers will have early opportunities to explore and purchase new housing inventory in select developments across Dubai.
Price Incentives: Special pricing and discounts on properties valued up to $1.36 million will be available, easing the financial entry barrier for eligible residents.
Tailored Mortgages: Working with financial institutions, the programme will provide flexible home financing options with competitive rates and terms.
The initiative comes at a time when Dubai’s property sector is experiencing renewed momentum, driven by population growth, increased foreign investment, and evolving buyer preferences for long-term living in the UAE. By addressing affordability and access, the programme is expected to further catalyze the emirate’s robust housing sector.
Analysts predict that the First-Time Home Buyer Programme could result in a significant uptick in residential transactions over the next 12–18 months, particularly among UAE residents who have previously opted to rent rather than purchase.
The initiative aligns with Dubai’s strategic objectives under its Urban Master Plan 2040, which places emphasis on sustainability, inclusive growth, and enhancing the quality of life for all residents.
As the city continues to shape its future, this latest initiative marks a significant step in transforming Dubai from a global destination into a long-term home for many.
