July 4, 2025 | Dubai, UAE – If you are looking to buy a home for the first time, then the Dubai First Home Initiative is curated just for you. To increase housing access and attract buyers in the property market, authorities announced the new Dubai First Home Initiative on Wednesday, which offers various perks and benefits to first-time home buyers. The plan is launched through collaborative efforts between the Dubai Land Department (DLD) and the Department of Economy and Tourism. The Dubai First Home Initiative is one of the key holders of the Dubai Economic Agenda D33 or D33, which is a 10-year plan that focuses on doubling Dubai’s economy by the year 2033.

Banks And Developers That Are Participating

The Dubai First Home Initiative coordinates among 13 real estate tycoons, 5 trusted banks and several strategic partners. Some of the real estate developers as a part of the scheme include renowned names like Azizi Developments, Binghatti Holding, Dubai Properties, Emaar Properties and Majid Al Futtaim.

Dubai First Home Initiative Launched: Buy A Home Even With AED 20000 Salary

The developers will offer assistance to first-time home buyers by helping with priority access to the units in the new off-plan launches and better financial deals, which will include preferential pricing on the units up to Dh5 million.While the 5 partner banks are Commercial Bank of Dubai, Dubai Islamic Bank, Emirates NBD, Emirates Islamic and Mashreq Bank, with reports of other banks joining as the program progresses.

Who Is Eligible To Avail The Scheme

The criteria below are listed for first-time home buyers and real estate agents with clients who will be buying their home under the Dubai First Home Initiative. For first-time home buyers:

They must be a UAE resident (national or expat)
They should not be the owner of any freehold residential property in Dubai
They must be 18 or above 18 years of age.
They should be looking for a property below AED 5M in value.

For the participating brokers and agents, the steps will be different. First, the clients will be registered through the Broker Platform. The broker will use the UAE Pass app to authenticate the client’s residency status. Once residency is verified and confirmed, the system generates a QR code for their eligibility.

For off-plan sales, one has to share the QR code with the developer during booking while for secondary sales, the QR code will allow lower mortgage rates from the banks involved.

Benefits Offered By The Dubai First Home Initiative

Buyers availing the scheme will receive easy and early access to new property launches and also enjoy developer discounts or preferential unit pricing.

The payment plans will be flexible, especially for off-plan purchases and will help in better financial planning.

Partner banks will offer competitive mortgage rates and minimal processing costs and also provide DLD fee payments free of interest through the eligible credit cards.

The initiative will enable quick communication between buyers, developers, and banks to simplify the purchase process.

Buyers face no restrictions on renting or selling their property, purchased and enjoy the freedom to lease or resell.

The Dubai first home initiative will help align property options with individual buyer needs and budgets.

The program is designed to reinforce investor confidence in Dubai’s property sector and aims to accelerate property sales as well as the occupancy rates.

Opening A Way For Every Dream

Tizian Raab, who is the chief Communications Officer at Azizi Developments, says that the initiative signals an inclusive market approach, especially appealing to the younger residents, making them long-term residents of Dubai’s properties.

Dubai First Home Initiative is one of its kind, a combined effort to bring in home buyers and not just investors. However, the buyers should also note to start with a practical budget and explore the mortgages in advance.

It will allow people with lower-middle salaries to buy their own homes and fulfil their dreams. The initiative not only boosts the city’s appeal and real estate sector but also lifts the confidence of people, fulfilling their dream of having their own home and improving their quality of life.