Dubai boosts residential ownership with the “First Property” program

The Dubai Land Department (DLD) has launched an ambitious program aimed at facilitating access to housing for citizens and residents of the United Arab Emirates. With the support of real estate developers and local banks, the plan seeks to benefit more than 5,000 people before the end of 2025. Below, we'll tell you all the details.

What is the “First Property” program?

“First Property” is an initiative created to promote the purchase of housing among those who do not yet own a property in Dubai. The program is specially designed for citizens and residents of the UAE, and aims to promote full ownership and stimulate the development of new residential projects.

Key benefits for buyers

Program participants will be able to access a series of financial and logistical advantages that make buying a first home more accessible:

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- Credit facilities: financing for up to 18 years, in collaboration with local banks.

- Flexible fee payment: possibility of paying in installments the 4% corresponding to the registration of ownership with the DLD.

- Exclusive discounts: real estate developers offer reductions of up to 10% on the market price, applicable to both ready and under construction properties.

- Preferential access: priority for viewing, reserving and accessing units in new residential projects.

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Requirements to apply

In order to benefit from the “First Property” program, applicants must meet the following criteria:

- Be a citizen or resident from the United Arab Emirates.

- Be at least 18 years old of old age.

- Do not currently own any residential property under full ownership in Dubai.

- The chosen property should not exceed 5 million dirhams in value.

How to make the request?

The application process is simple and completely digital. Interested parties can submit their request through:

- 🌐 Official website of the Dubai Land Department

- 📱 “Dubai Real Estate” mobile application

Both platforms allow you to consult the available projects, calculate financing options and manage the payment of fees.

A step towards a more accessible Dubai

According to Khalid Al Shaibani, director of the Department of Leasing Affairs at DLD, this program represents a real commitment to real estate inclusion and urban sustainability. Facilitating access to housing helps strengthen the emirate's economic and social stability, while revitalizing one of the world's most active markets.

Are you interested in taking advantage of this opportunity?

Whether you are looking for your first home or simply a solid investment in the Dubai market, the “First Property” program is an open door to full ownership, with the support of the authorities and conditions designed to facilitate access.

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Conclusion

Personally, it seems to me that the program First Property it is a very good opportunity for those who live in Dubai and dream of having their own home.

The fact that they provide payment facilities, discounts and special conditions shows that there is a real effort to make the purchase of housing more accessible, not only for large investors, but for people who want to settle in the long term.

If you meet the requirements, I think this option is worth considering.