Dubai Launches First-Time Homebuyer Scheme for Properties Under $1.36M

New initiative by Dubai Land Department aims to boost homeownership, attract younger buyers, and strengthen long-term real estate growth

Dubai’s real estate sector has taken another significant step forward with the launch of a new first-time homebuyer programme by the Dubai Land Department (DLD). The initiative, designed for properties valued under $1.36 million (AED 5 million), seeks to make homeownership more accessible for UAE residents while stimulating sustained growth in the emirate’s thriving property market.

Industry experts believe the scheme will serve as a catalyst for long-term investment and ownership trends, particularly among younger generations looking to establish roots in Dubai. By offering tailored incentives, the DLD aims not only to increase residential property uptake but also to reinforce Dubai’s standing as a global real estate hub.

Developers have welcomed the move, noting that it could open new pathways for first-time buyers who might otherwise be priced out of the luxury-driven market. The programme is also expected to balance the supply-demand dynamic, encouraging more developments in the mid-tier housing sector while maintaining momentum in Dubai’s luxury real estate segment, which continues to attract high-net-worth investors worldwide.

The DLD emphasized that the scheme reflects Dubai’s broader vision to create a sustainable, inclusive, and diversified real estate ecosystem. With property transactions in Dubai repeatedly hitting record highs, the government’s latest step ensures that residents — not just international investors — benefit from the city’s dynamic market growth.

As demand for real estate continues to climb, initiatives like this are set to position Dubai as not only a hotspot for global investors but also a city where aspiring homeowners can confidently invest in their future.