Gulf Today, 2 July 2025: Dubai Land Department (DLD) has launched a “First Property Ownership” programme, targeting UAE citizens and residents to facilitate property ownership.

The legal framework of the programme introduces substantial incentives for first-time property buyers. It extends credit facilities up to 18 years and allows the registration fee of 4% with the DLD to be paid in instalments. Real estate developers involved in the scheme are offering significant price reductions, lowering property costs by up to 10% below the market rate for both ready and off-plan properties.

Eligibility criteria are that applicants must be UAE residents aged 18 or older, who do not own any freehold residential property in Dubai, and wish to purchase properties valued at up to Dhs5 million. The programme applies a one-time eligibility and waives rental restrictions for long-term investments.

The programme enforces legal obligations by integrating exemptions and facilitating financial processes within established legal requirements. It prioritises access to new project units, offers preferential rates, and provides interest-free registration fee payment options through credit cards and competitive financing offers with reduced interest and fees.

Applications are subject to review, and eligible participants are added to the beneficiary list, which will be accessible to developers, providing legal assurance and clarity for all those involved.

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