Dubai Shows Confidence in the Market. New Program Extends a Hand to First-Time Buyers

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Investing in Dubai for the first time? Now it’s easier. A new program opens the market to those who don’t yet own property.

Dubai has launched a new program exclusively for Emirates ID holders to help people invest in real estate for the first time — up to a value of 5 million dirhams. What’s the goal? To enable entry into the market for those who may have been considering it for a long time but haven’t yet taken the step forward.

This initiative is led by the Dubai Land Department (DLD), which has partnered with 13 developers and five major banks. Among the partners are well-known names such as Emaar, Nakheel, Azizi, Damac, Danube, Binghatti, and Ellington — and on the banking side, Emirates NBD and Dubai Islamic Bank.

Who can benefit from the program?

Anyone over 18 years old with a valid Emirates ID who does not yet own any freehold property. There is no minimum income requirement — financing decisions are made individually by the banks.

What are the advantages?

Buyers receive priority access to new projects, flexible payment plans*, the option to pay fees by card without additional charges, and preferential conditions from both developers and banks.

The entire process begins with a simple registration via the DLD website or the Dubai REST app. Then you can choose from specific projects designated for this program.

Note: The “first-time buyer” status is one-time only — once you purchase your first property, you cannot re-enter the program, even if you later sell the property.

Timely Launch

This step comes at a time when the Dubai real estate market is experiencing record growth. Last year alone, properties worth over 761 billion dirhams were traded in the emirate — 20% more than in 2023. The number of transactions increased by 36% to 226,000.

The goals are ambitious — DLD aims to reach transaction volumes of 1 trillion dirhams by 2033. This program is designed to help achieve that target by attracting new investors among residents and locals alike.

Moreover, Dubai has recently launched other innovations, from a smart rental index to property tokenization, which could completely transform how we invest.

What about the future outlook?

Some analyses, such as those from Fitch, predict a slight market cooling in the second half of 2025 — mainly due to an influx of new projects. However, market figures so far indicate the opposite. According to DLD, the curve is still rising and interest in Dubai properties remains strong.

For many, now could be the ideal time to take that first step.

source: The National News

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