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Dubai launches first property scheme for 3,200 residents

Dubai launches first property scheme for 3,200 residents

Since its launch in July 2025, Dubai's First Homeownership Program has successfully enabled over 3,200 residents to own homes for the first time, with residential real estate transactions surpassing 5 billion dirhams. In less than a year, approximately 45,000 individuals have registered for the program, which allows Emirati residents aged 18 and above without ready-to-move-in properties to access homeownership opportunities. The program has been expanded to include nine new real estate developers, bringing the total to 22, aiming to offer broader options for buyers and to promote a sustainable real estate market in Dubai.

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