Dubai has introduced a new program aimed at making property ownership more accessible and cost-effective for both first-time investors and residents. On Wednesday, the Dubai Land Department (DLD), in partnership with the Department of Economy and Tourism (DET), unveiled the First-Time Home Buyer Programme. This initiative provides early access to new property launches, attractive pricing, and personalized mortgage offerings via the DLD’s platform and the Dubai REST app. The program is available to all UAE residents aged 18 and above, with a maximum investment threshold of Dh5 million.

Leading developers — including Azizi Developments, Beyond Developments, Binghatti Holding, Damac Properties, Danube Properties, Dubai Properties, Ellington Properties, Emaar Properties, Majid Al Futtaim Group, Meraas, Nakheel, Palma Holding, and Wasl — are participating by offering reduced mortgage rates and competitive prices, making it easier for newcomers to enter the market.

Azizi Developments has revealed unique offers for buyers utilizing the DLD-DET platform, stating that they will redirect broker commissions to lower prices further and boost affordability.

“The programme not only enables renters to become homeowners, but also promotes economic stability by encouraging long-term financial planning and asset-building,” said Mirwais Azizi, founder and chairman of Azizi Developments.

“Through enhanced accessibility and tailored pricing, we are helping more residents transition into homeownership while supporting real estate sector growth,” he continued.

Lowering the Barriers to Entry

Riz Ahmed, CEO of SmartCrowd, pointed out that offering first-time buyers exclusive access to launches, preferential pricing, flexible payment plans, and interest-free installment options for DLD fees simplifies the process significantly.

“It’s definitely becoming more manageable. While the initiative doesn’t lower prices directly, it reduces initial financial pressure through lower fees, better mortgage rates, and flexible payment options,” he noted.

Nitin Chopra, CEO of Range International Property Investment, explained that extending eligibility to all residents over 18 and implementing a Dh5 million cap targets the mid-market segment — a space where affordability matters most.

“The programme modernizes homebuying by digitizing traditional paper-based processes. Licensed brokers onboard buyers via a centralized ‘Dubai Brokers’ portal, positioning them as compliance custodians within a government-backed framework,” Chopra stated.

He added that collaboration with developers and banks ensures that financial solutions are customized for the program, aligning available inventory with structured demand. “While the full impact remains to be seen, the initiative is poised to expand access, relieve price pressures, and diversify homeownership in Dubai’s growing market,” he added.

Helping First-Time Buyers Step Up

Navneet Mandhani, co-founder of Karma Developers, commended the effort for reducing upfront costs, waiving fees, and offering improved mortgage access to new buyers.

“This initiative empowers a new generation of residents and expatriates to take their first step toward homeownership,” he said. “For investors, it expands the buyer base and injects fresh liquidity into the market. Over time, these incentives will foster a more mature market focused on end-user growth over speculative investment.”

Despite an upward trend in property prices due to strong demand and constrained supply, Mandhani still considers Dubai relatively affordable when compared to other global hubs.

“Developers and lenders are responding with flexible mortgage options, tailored payment plans, and lower entry thresholds. Factoring in long-term rental savings, capital appreciation, and the stability of Dubai’s real estate market, buying now makes strong financial sense for residents with stable incomes and a long-term outlook,” he said.

Encouraging Market Participation

Samer Ambar, co-founder and CEO of Reef Luxury Developments, shared that the program opens the door for first-time buyers and investors alike.

“Offering a range of pricing options and manageable payment structures makes a tangible difference for first-time buyers. It provides a meaningful advantage that wouldn’t otherwise exist,” he said.

He further stressed that developers must deliver homes that hold long-term value to ensure lasting benefits for buyers.

Veer Doshi, CEO and managing director of Vincitore Realty, emphasized that the program facilitates the move from renting to owning and contributes to community cohesion.

“Exclusive incentives like preferential pricing and flexible mortgage options enable residents to fulfill their homeownership dreams, while also promoting sustainable sector growth,” said Doshi. “For both end-users and investors, these changes break down traditional barriers and create a more inclusive, resilient market.”

With mortgage rates leveling off and developers offering favorable deals, Doshi stated that buying is now on par with, or even cheaper than, extended renting.

“Market conditions and developer incentives have created a unique window for first-time buyers to enter without compromising on location, quality, or long-term value,” he concluded.

Laying the Foundation for Long-Term Success

Yogesh Bulchandani, CEO and co-founder of Sunrise Capital, pointed out that this initiative helps first-time buyers take the leap through a mix of benefits — such as early access, flexible terms, and tailored financing.

“For end-users, it offers a more attainable path to long-term stability and wealth creation. For investors, it signals a maturing and resilient market supported by broader buyer participation — especially from younger residents and long-term expatriates,” he said.

With features like interest-free payment plans for registration fees, a Dh5 million cap, and exclusive mortgage products, Bulchandani believes the program sets a new standard in affordability.

“Combined with strong rental yields and enhanced residency options, buying a home in Dubai is now a practical, financially sound decision — not just an aspiration. This initiative will convert more tenants into owners, stimulate genuine end-user demand, and lead to a more balanced and sustainable real estate market,” he concluded.