≡-Dubai Sets New Standard in Property Access with First-Time Home Ownership Programme for Expats, Emiratis, and Global Investors in the Booming Tourism Sector – Viral of Today
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Home » Latest Travel News of UAE » Dubai Sets New Standard in Property Access with First-Time Home Ownership Programme for Expats, Emiratis, and Global Investors in the Booming Tourism Sector Thursday, July 3, 2025Dubai has introduced an exciting opportunity for both Emiratis and expats to achieve homeownership with the launch of the First-Time Home Buyer Programme. This initiative aims to make it easier for first-time buyers to enter the property market by offering a range of benefits designed to support their journey into homeownership.The programme is the result of a collaboration between the Dubai Land Department and the Dubai Department of Economy and Tourism. Officially launched on July 2, the initiative is part of the broader Real Estate Strategy 2033, which seeks to transform Dubai’s real estate landscape. The strategy is designed to increase homeownership rates and boost the sector’s contribution to Dubai’s overall GDP, creating a more robust and sustainable housing market.The First-Time Home Buyer Programme provides several key advantages to participants, making it an appealing option for those looking to purchase their first home in Dubai. One of the standout features is exclusive access to newly launched properties. This means that first-time buyers will be able to choose from a selection of new developments in prime locations throughout the city, providing them with an opportunity to invest in some of the most sought-after properties in Dubai.In addition to priority access to new homes, the programme offers preferential pricing on properties valued up to Dhs5 million. This pricing benefit is designed to make homeownership more affordable for first-time buyers and ensure that they receive excellent value for their investment. Along with favorable pricing, the initiative also provides tailored mortgage solutions that cater specifically to first-time homebuyers. These customized mortgage products will help buyers manage the financial aspect of their property purchase, making it easier to secure financing for their new home.A number of prominent real estate developers in Dubai have partnered with the First-Time Home Buyer Programme to help make homeownership more accessible. Developers such as Azizi Developments, Beyond, Binghatti Holding, DAMAC, Danube, Dubai Properties, Ellington Properties, Emaar Properties, Majid Al Futtaim, Meraas, Nakheel, Palma Holding, and Wasl are all actively supporting the initiative. These developers will offer first-time buyers not only priority access to new off-plan units but also better commercial terms, enhancing the overall value of the properties being offered.The programme is designed to be inclusive, catering to all nationalities and income levels. It is open to any UAE resident aged 18 or older who does not currently own a freehold residential property in Dubai. This makes it an attractive option for individuals from various backgrounds who are looking to take the next step in securing a home in the emirate.In addition to the support provided by developers, several major banks in Dubai are participating in the initiative to offer specially designed mortgage products for first-time buyers. These banks include Commercial Bank of Dubai, Dubai Islamic Bank, Emirates NBD, Emirates Islamic, and Mashreq Bank. These financial institutions are offering mortgage solutions that are tailored to the needs of first-time buyers, ensuring that they have access to the funding necessary to purchase their new home.The First-Time Home Buyer Programme is part of the UAE’s Year of Community, an initiative aimed at strengthening community spirit across the nation. By providing greater access to homeownership, the programme contributes to building a stronger sense of community, allowing more people to establish roots in Dubai and contribute to the city’s ongoing development.Interested individuals can apply for the programme by completing the online registration process. This simple step allows potential homebuyers to access the programme’s benefits and start their journey toward owning a property in Dubai. As the programme continues to gain traction, more participating banks and developers are expected to join, further expanding the options available to first-time buyers.Overall, the Dubai First-Time Home Buyer Programme is an exciting development that will help many individuals and families take the first step toward homeownership in one of the world’s most dynamic cities. With its combination of financial support, preferential pricing, and access to top-tier properties, the programme is poised to make a significant impact on Dubai’s real estate market and increase the number of homeowners in the emirate.«Enjoyed this post? Never miss out on future posts by following us»
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