Dubai launches first property ownership scheme for 3,200 residents
The Dubai Land Department launched the First Property Ownership Program, which since its launch in July 2025 has enabled over 3,200 residents to purchase their first homes in the emirate, with residential real estate transactions exceeding five billion dirhams. The program aims to expand ownership options and enhance Dubai's position as a destination for living and investment. It is supported by five banks offering financial solutions to buyers, with the goal of promoting resident stability and achieving the objectives of Dubai's D33 economic vision.
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