More than 3,200 Dubai residents buy their first homes in less than a year

by Staff Reporter
Dubai real estate market

More than 3,200 UAE residents have purchased their first homes in Dubai through the First-Time Home Buyer Program since its launch in July 2025, according to the Dubai Land Department (DLD).

The initiative, launched in partnership with the Dubai Department of Economy and Tourism (DET), has generated residential property transactions worth more than Dhs5 billion in less than a year.

Developer expansion

DLD announced that nine additional developers have joined the programme under its latest phase. The new participants are 4Direction Developments, Arada, Dubai World Trade Centre, IRTH Group, Manam, Qube Development, Reportage Properties, SAMANA Developers and Sky View Real Estate.

Their addition increases the total number of participating developers to 22, expanding the range of homes available to eligible first-time buyers across different locations, property types and price segments.

Financing support

The programme is also supported by five banks, providing eligible residents with access to home financing options aimed at making property ownership more accessible.

The scheme is open to UAE residents aged 18 and above who do not currently own a freehold residential property in Dubai.

D33 goals

According to DLD, the expansion supports the objectives of the Dubai Economic Agenda D33 and the Dubai Real Estate Strategy 2033, which aim to increase homeownership rates, strengthen the real estate sector’s contribution to the economy and support long-term urban development.

Officials said the programme has continued to attract strong interest from residents, reflecting growing demand for homeownership opportunities in Dubai.

Residents who have not yet joined the programme can register through the Dubai Land Department website or the Dubai REST app. Existing participants can also update their preferences to access projects offered by the newly added developers.

tanvir@dubainewsweek.com

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