Officially launched on July 2, 2025 by the Dubai Land Department (DLD) and the Department of Economy & Tourism (DET).
✅ Who’s Eligible?
- UAE residents (nationals & expats) aged 18+, with a valid Emirates ID.
- Must not own any freehold residential property in Dubai.
- Must be purchasing a property under AED 5 million (~USD 1.36 million)
🎁 Key Benefits
- Priority Access to new off‑plan and ready‑to‑move properties from top-tier developers.
- Preferential pricing and special discounts on selected units.
- Flexible payment plans tailored for first-time buyers.
- Interest‑free payment of DLD registration fees via credit card.
- Better mortgage terms: lower interest and processing fees from partner banks
🏢 Participating Developers:
Emaar Properties / Nakheel / Meraas / DAMAC Properties / Dubai Properties / Azizi Developments / Ellington / Binghatti / Majid Al Futtaim
🏦 Partner Banks:
Emirates NBD / Mashreq / Dubai Islamic Bank / Emirates Islamic / Commercial Bank of Dubai
🖥️ How to Apply
- Register via the DLD website or Dubai REST app.
- If eligible, receive a QR code verifying FTHB status.
- Use the QR code with developers and banks to access programme benefits
⚠️ Important Details
- It’s a one-time benefit: participating in a property purchase removes FTHB eligibility permanently.
- The scheme includes off‑plan and ready properties, and is available through both developers and brokers
💡 Why It Matters
- Aims to reduce financial barriers—like high deposits, mortgages, and rent—making homeownership more attainable.
Supports Dubai’s broader goals under the Real Estate Strategy 2033 and Economic Agenda D33 to increase homeownership rates and boost real estate’s GDP contribution
