If you’re thinking of getting your own property in Dubai, it has now become easier than ever. The Dubai Land Department and the Dubai Department of Economy and Tourism have launched a new First-Time Home Buyer Programme for expats and Emiratis in Dubai.

This new home ownership scheme in Dubai will offer priority access to new launches, preferential pricing, and tailored mortgage solutions.

First-Time Home Buyer Programme in Dubai

Officially launched on Wednesday, July 2, the initiative supports first-time buyers in Dubai by giving them direct access to property developers and mortgage providers. It’s part of the emirate’s Real Estate Strategy 2033, which aims to increase home ownership rates and double the real estate sector’s contribution to Dubai’s GDP.

Leading developers such as Emaar Properties, Nakheel, DAMAC, Meraas, Majid Al Futtaim, and Dubai Properties have already joined the programme. These developers will provide:

• Priority access to units in new off-plan launches
• Preferential pricing on homes valued up to AED 5 million
• Enhanced terms for first-time property buyers

This makes it easier for expats to buy property in Dubai under favorable conditions.

How to Apply for the Home Ownership Scheme

Participating banks include:

• Commercial Bank of Dubai
• Dubai Islamic Bank
• Emirates NBD
• Emirates Islamic
• Mashreq Bank

These banks will provide tailored mortgage products for first-time home buyers in Dubai. More banks are expected to join soon.