Home Sales Surge in Dubai Driven by First-Time Buyer Scheme

Dubai's First-Time Home Buyer program has seen significant success, with over 2,000 residents purchasing their first homes within six months of its July 2025 launch. The initiative, a collaboration between the Dubai Department of Economy and Tourism and the Dubai Land Department, has generated over Dh3.25 billion in residential property sales. More than 41,000 residents have registered for the program, with nearly half of the completed purchases made by individuals who had resided in Dubai for over five years without owning property.

The program offers first-time buyers priority access to new projects, tailored mortgages, and preferential pricing through partnerships with government entities, developers, and banks. This approach aims to broaden access to homeownership and cater to long-term residents, shifting market dynamics from investor-dominated transactions. The program aligns with Dubai's Economic Agenda D33 and the Dubai Real Estate Strategy 2033, supporting the city's economic growth and enhancing social stability.

The Dubai Land Department reports that transactions have been spread across participating developers, with strong utilization of mortgage products from partner banks. Officials highlight the program's role in converting underlying demand into completed transactions and stimulating market activity by making homeownership more accessible. Buyers have expressed positive experiences, citing the structured support as a key factor in making homeownership achievable and providing financial confidence and long-term stability.

Looking ahead, authorities are expanding the program by adding more developers and properties to broaden the range of available homes. The next phase will focus on expanding choices while maintaining support mechanisms to strengthen end-user demand. This initiative is part of a larger effort to create a more inclusive housing market that supports population growth, workforce retention, and long-term economic competitiveness, contributing to Dubai's continued real estate momentum.