On Wednesday, Dubai unveiled a new program that will provide citizens with special advantages and make it simpler for them to buy their first property. The program is available to UAE residents who are first-time property buyers and aims to promote home ownership and increase real estate investment. The program provides attractive mortgage options, special pricing, and first access to new launches for qualified customers.
The program, which was jointly launched by the Department of Economy and Tourism and the Dubai Land Department, involved over 13 developers, five banks, and strategic partners. This aligns with the D33 plan and represents Dubai's objective of encouraging citizens to own their first house, which will enhance their quality of life.
This is a pioneer program and strategic and social initiatives that allow individuals to own for the first time based on fair criteria, clear rules, and easy options in a safe way, according to Khalid Al Shaibani, director of the Rental Affairs Department at the Dubai Land Department.
According to him, the initiative is available to all UAE citizens over the age of eighteen who have never owned a home before and have a valid Emirates ID. For less than Dh5 million, they can own an apartment. According to him, there are no limitations on renting or selling the apartment.
Benefits include access to newly listed projects by developers and exclusive pricing for newly constructed units from developers for those who register via the DLD website and the Dubai REST app. You can pay the registration cost with no interest and there will be a flexible payment plan," Al Shaibani stated. The link to register is active.
