Overview of the Palm Jumeirah development project in Dubai, United Arab Emirates, on June 1, 2023. Abdelhadi Ramahi/Reuters Archives
As Dubai's real estate market continues to boom, the emirate announced on July 2, 2025, the launch of a new homeownership initiative aimed at first-time buyers. The joint program, developed by the Dubai Land Department (DLD) and the Department of Economy and Tourism (DET), is intended to stimulate the sector, seen as a key pillar of the emirate’s economic growth strategy.Named the First-Time Home Buyer Programme, the initiative targets residents — both Emiratis and expatriates — who do not currently own property in Dubai. It covers both completed projects and those still under development, with developers offering early access to off-plan properties and preferential pricing for homes valued up to $1.36 million. According to The National, several Emirati banks are also expected to provide tailored mortgage products under the...
As Dubai's real estate market continues to boom, the emirate announced on July 2, 2025, the launch of a new homeownership initiative aimed at first-time buyers. The joint program, developed by the Dubai Land Department (DLD) and the Department of Economy and Tourism (DET), is intended to stimulate the sector, seen as a key pillar of the emirate’s economic growth strategy.Named the First-Time Home Buyer Programme, the initiative targets residents — both Emiratis and expatriates — who do not currently own property in Dubai. It covers both completed projects and those still under development, with developers offering early access to off-plan properties and preferential pricing for homes valued up to $1.36 million. According to The National, several Emirati banks are also expected to provide tailored mortgage products under the...
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