Post by : Badri Ariffin

Dubai's First-Time Home Buyer (FTHB) Programme is swiftly revolutionizing the local real estate landscape, assisting over 2,000 residents in acquiring their first properties within a mere six months while racking up an impressive AED3.25 billion in sales, as reported by the Dubai Land Department (DLD).

Initiated in July 2025, this program was collaboratively designed by the Dubai Department of Economy and Tourism (DET) and the Dubai Land Department to ensure that homeownership becomes achievable for residents across various nationalities and income tiers. The Programme consolidates efforts from government bodies, prominent developers, and financial institutions to offer first-time buyers prioritized access to new projects, favorable pricing, and tailored mortgage options.

Since its inception, the Programme has witnessed remarkable interest, with more than 41,000 residents opting to register. Significantly, 49% of the homes sold were acquired by individuals who have resided in Dubai for over five years but had never owned property before, underscoring the Programme's effectiveness in assisting long-standing residents in establishing a permanent home.

This initiative loops into the Dubai Economic Agenda D33's aspirations, targeting a doubling of Dubai's economic footprint by 2033, and aligns with the Dubai Real Estate Strategy 2033. Additionally, it plays a role in the UAE's Year of Community, enhancing social stability while promoting long-term residency.

The Programme has already yielded impressive outcomes among involved developers and partner banks. Custom mortgage solutions are gaining traction among first-time buyers, transforming enduring demand into real estate acquisitions and broadening access to ownership for numerous residents.

Fostering Confidence and Sustained Growth

Hadi Badri, CEO of the Dubai Economic Development Corporation (DEDC), lauded the enthusiastic response as a reflection of Dubai's cooperative ethos and well-defined long-term vision.

“The First-Time Home Buyer Programme showcases what can be accomplished when public and private sectors unify. It is not only making the dream of homeownership attainable for thousands but also bolstering investor trust and expediting the property sector's contribution to the overall economy,” he remarked.

He further noted that by enhancing social integration and talent retention, this initiative invigorates long-term market demand and cements Dubai's stature as a global leader in sustainable urban growth.

Majid Al Marri, head of the Real Estate Registration Sector at Dubai Land Department, emphasized that the Programme has solidified its role as a cornerstone in sustaining the vibrant rhythm of Dubai's property market in 2025.

He highlighted that overall real estate transactions this year have topped AED917 billion, showcasing the sector's vigorous health and increasing investor trust. “The strong engagement with the Programme illustrates its success in converting potential demand into solid transactions. It stands as an exemplary model of how regulatory backing and strategic collaborations can simplify the journey to homeownership, strengthening trust and transparency in the market,” he stated.

Transforming Lives, One Home at a Time

For many, this Programme has marked a pivotal moment.

First-time buyer Fatma Almarri expressed that homeownership once seemed unattainable. “As a single-income earner, it always felt out of reach. This Programme made it simpler and more feasible, bolstering my confidence in my financial future,” she shared.

Another participant, Jade Lee, described her acquisition as a transformative experience. “Growing up, my family frequently moved between rentals. Owning my own home now provides stability and a secure foundation for what lies ahead,” she stated.

Broader Choices on the Horizon

With ongoing expansion, officials anticipate that more developers and partners will join the Programme, diversifying the range of properties and locations available to buyers. This, they assert, will further fortify Dubai’s end-user market and make homeownership attainable for an even wider array of residents.

By enhancing resident involvement in the property market and nurturing long-term community development, the First-Time Home Buyer Programme is forging a more inclusive, stable, and future-oriented real estate arena—an endeavor supporting Dubai’s expansion while helping individuals and families lay down roots in the city.

#Global News #Dubai #World News