30/01/2026
More than 2,000 Dubai residents bought property for the first time in the past six months through the First-Time Home Buyer (FTHB) Programme, marking an important milestone in expanding homeownership in the city. Residential property sales linked to the initiative totalled around Dh3.25 billion, according to data from the Dubai Land Department (DLD). Nearly half of these purchases were made by people who had lived in Dubai for over five years without previously owning property, highlighting pent-up demand among long-term residents.
The FTHB Programme was launched in July last year by the Dubai Land Department and the Department of Economy and Tourism (DET) to make buying property more accessible for first-time buyers. Through partnerships with developers and banks, the initiative offers benefits such as priority access to new launches, preferential pricing, tailored mortgage solutions, and flexible terms designed specifically for first-time buyers.
Eligibility for the programme is straightforward: applicants must be UAE residents aged 18 or older who do not already own freehold property in Dubai and are seeking homes priced under a set threshold. Qualifying buyers can access priority units, preferential prices, flexible payment plans, and better financing options — including competitive mortgages from participating banks — helping lower barriers to entry in the property market.
The programme has attracted strong interest, with tens of thousands of residents registering to take part, demonstrating both the demand for homeownership and the effectiveness of incentive-led approaches to broaden property ownership. By easing financial and administrative hurdles for first-time buyers, the initiative is seen as shaping a new generation of homeowners in Dubai’s thriving real estate market.
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Source: Khaleej Times
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