Property developers are receiving hundreds of enquiries a day from first-time buyers, and thousands of people have registered to take advantage of incentives offered by Dubai's authorities. Developers report a strong response since the Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET) introduced the incentives in cooperation with leading developers.
About the Programme
Launched on July 2 for UAE residents aged 18 and over, the first-time home buyer programme offers priority access to units in new off-plan launches and better commercial terms, including preferential pricing on units up to Dh5 million and tailored mortgage products for eligible buyers.
| Participants | Names |
|---|---|
| Developers | Azizi Developments, Beyond Developments, Binghatti Holding, DAMAC Properties, Danube Properties, Dubai Properties, Ellington Properties, Emaar Properties, Majid Al Futtaim Group, Meraas, Nakheel, Palma Holding, Wasl |
| Banks | Commercial Bank of Dubai, Dubai Islamic Bank, Emirates NBD, Emirates Islamic, Mashreq Bank |
Up to 1,000 Queries a Day
Rizwan Sajan, founder and chairman of Danube Group, said the response from first-time buyers has been very encouraging since the incentives were announced.
"We receive 500-700 queries daily, with 99 per cent coming directly from buyers – not brokers, indicating a real shift toward end-user interest," said Sajan.
Danube's Incentives
Danube Properties has allocated 10% of its residential units to first-time buyers, along with a 1% monthly payment plan and an easy plan requiring just 60% before handover.
"By combining these benefits, the initiative removes traditional barriers to property ownership, such as large down payments and rigid financing options, making it easier than ever for residents – especially young professionals and families — to step onto the property ladder. Five top banks have joined hands to make this possible," said Danube Properties.
