Dubai launches first-time homebuyer program: Dubai has rolled out a new initiative to help residents purchase their first homes, offering exclusive access to new real estate projects, preferential pricing, and flexible mortgage options, according to a statement. The program is a joint effort between the Dubai Land Department (DLD) and the Economy and Tourism Department.

Who’s eligible? UAE residents aged 18 and above with valid Emirates IDs who have never owned a property in the country can register, with no restrictions based on nationality.

How it works: Interested buyers can register via the DLD website or the Dubai REST app by submitting their budget, property preferences, and contact details, Khaleej Times reports. Registered users will be matched with developers and banks offering eligible units — including those priced below AED 5 mn — along with financing options. Properties can be leased or resold without restriction.

Who’s onboard? Participating developers include Emaar, Meraas, Nakheel, Damac, Azizi, Beyond Developments, Binghatti Holding, Danube properties, Dubai Properties, Ellington Properties, Majid Al Futtaim Group, Palma Holding, and Wasl. Meanwhile, our friends at Mashreq, as well as Emirates NBD, Emirates Islamic, Dubai Islamic Bank, and Commercial Bank of Dubai are providing mortgage support. Property platforms including Bayut, Property Finder, and Dubizzle are also involved.

The rationale: Dubai officials hope the program will help boost the number of new investors, currently averaging around 10k per month. It’s part of a broader strategy to reach AED 1 tn in real estate transactions by 2033 and support population growth targets, with Dubai aiming to grow to 5.8 mn residents by 2040.

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