September 16, 2025 | Dubai, UAE: The city has initiated a First-time Home Buyer scheme in Dubai, aiming to provide facilities that will make owning property convenient and easier. This initiative is coordinated by the Dubai Land Department, in collaboration with its monetary and tourism departments, which will provide financial assistance to individuals who have never owned a house before. This idea fuels the future envisioned goals of the city, such as Economic Agenda 33, as institutions plan to help citizens own homes rather than pay rent.

Eligibility of the First-time Home Buyer scheme in Dubai

There are some criteria to fulfill if you want to be eligible for the First-time Home Buyer scheme in Dubai. Individuals who wish to avail themselves of this scheme must be above the age of 18, be citizens of the UAE, and not hold any property in the city. The property to be purchased should not be valued more than five million dirhams. Multiple people can buy a property together as long as all the people involved meet the above requirements.

Additionally, another criterion considered under the First-time Home Buyer scheme in Dubai is that if a person holds property in any other Emirate or has a leasehold estate, they are eligible to enrol for this scheme. Individuals can visit the official website or the application, submit the required documents, and follow the process to ensure they are eligible for the scheme.

Advantages of This Project

This First-time Home Buyer scheme in Dubai ensures multiple benefits for the residents of the UAE:

Prioritized access to the latest estates that are in a way that is affordable for first-timers.
Negotiable price for several properties, which makes it convenient for people buying it for the first time.
Customized contracts with diminished interest rates, swift permissions, and suitable help from banking sectors.
Elasticity in payment that facilitates convenience in paying via online payment applications and credit cards with fixed plans.

It will help you with high-end costs, provide relief during financial strain, and ease the process of purchasing a property in the city with extensive options, within your budget.

Working of the Scheme

The First-time Home Buyer scheme in Dubai follows these steps. Primarily, individuals must register themselves on the official website or the application. Once they enroll and are found eligible, the individuals are provided with a QR code that lays out all the advantages when they are in contact with banks and property developers.

After registration, individuals can visit the real estate developers’ websites that have created special slots for first-time buyers. Monetary options with fewer restrictions by banks that provide special mortgage options for first-time buyers.

Individuals are required to meet all the conditions of their payments, contracts, and the obligations stated by the bank. Once the estate is under this scheme, the buyer cannot pre-apply, as the eligibility criteria for being a first-time buyer are met.

The scheme marks a shift in the city’s residential policies, with the criteria that include both natives and expats, alongside negotiable prices, convenience, and flexible finances. The scheme redefines itself to dissolve the problem of housing for people who dream of securing a home in the city. This initiative will help them to make their vision far more accessible.

As the city implements its real estate strategy, this scheme has a ripple effect on the real estate market, enabling residents to access housing facilities rather than residing in long-standing rental homes. Individuals should check the real estate developers’ and banks’ websites, ensuring that they meet all the eligibility criteria and benefit from the First-time Home Buyer scheme in Dubai.