Dubai First-Time Buyer Scheme Pushes Home Sales Past Dh3.25 Billion

DUBAI: Dubai’s First-Time Home Buyer program has helped more than 2,000 residents purchase their first homes within six months of its launch, generating over Dh3.25 billion in residential property sales, according to the Dubai Land Department. Introduced in July 2025, the initiative brings together government entities, developers, and banks to offer priority access to new projects, tailored mortgage products, and preferential pricing. More than 41,000 residents have registered so far, with nearly half of completed buyers having lived in Dubai for over five years without previously owning property. Officials said the figures reflect rising end-user demand in a market traditionally dominated by investors and align with Dubai’s Economic Agenda D33 and Real Estate Strategy 2033, supporting long-term stability and market transparency.