Over the last few months, you may have heard about Dubai’s First-Time Buyer initiative. It’s an exciting government-backed scheme designed to make property ownership easier for residents and citizens taking their very first step onto the property ladder.
At Hipmortgages, we welcome any program that genuinely supports buyers in Dubai — and this one has already created significant momentum. Since the announcement, our team has seen a surge of interest from first-time buyers keen to understand how the program works and how they can benefit from it.
With our strong relationships across UAE lenders and deep market experience, Hipmortgages is perfectly positioned to guide you through the process and help you unlock the full potential of this opportunity.
What Is the First-Time Home Buyer Program?
The First-Time Home Buyer (FTHB) program is a joint initiative launched by the Dubai Land Department (DLD) and the Department of Economy and Tourism (DET) in July 2025.
The main objectives of the program are to:
- Help more people — both UAE nationals and expats — become homeowners in Dubai
- Offer financial incentives that make buying your first home more affordable
- Strengthen Dubai’s long-term real estate market by encouraging stability and residency
In short, the program gives first-time buyers access to exclusive advantages that are not available to regular buyers.
What We Know So Far
As with any new initiative, some details are still evolving. However, here’s what has already been confirmed:
- The program is open to eligible first-time buyers in Dubai
- Developers and UAE banks are preparing special offers and tailored financing solutions
- Registered buyers receive a QR code, which unlocks exclusive benefits — from discounted prices to improved mortgage terms
The good news? You don’t need to wait. Preparation now puts you ahead of the market.
Eligibility: Who Can Apply?
The eligibility criteria are clear and accessible. To qualify, you must:
- Be a UAE resident (Emirati or expatriate)
- Be 18 years or older
- Not own any freehold residential property in Dubai
(Owning property in other Emirates or outside the UAE is allowed) - Purchase a property valued under AED 5 million
If you meet these criteria, you can register and benefit from the program.
Why Mortgage Pre-Approval Is Essential
One of the smartest moves you can make as a first-time buyer is securing mortgage pre-approval before starting your property search.
At Hipmortgages, we strongly recommend this because:
- You know exactly how much you can borrow
- Sellers take your offers more seriously
- You shop with confidence within your real budget
Pre-approval isn’t just paperwork — it’s a competitive advantage in Dubai’s fast-moving property market.
Benefits of the First-Time Home Buyer Program
This is where the program truly stands out. Key benefits include:
1. Priority Access to New Projects
Leading developers such as Emaar, Nakheel, DAMAC, Meraas, Wasl, and others are offering first-time buyers early access to new launches — before they’re released to the wider market.
2. Exclusive Discounts and Pricing
Some developers have already announced special pricing. For example, Binghatti has offered discounts of up to 5% on selected projects.
3. Flexible Payment Plans
Off-plan properties already offer installment options, but under this scheme, payment plans are expected to be even more flexible, making ownership more manageable.
4. Improved Mortgage Packages
Participating banks, including Emirates NBD, Mashreq, Dubai Islamic Bank, CBD, and Emirates Islamic, are offering:
- Preferential mortgage rates
- Reduced or waived processing fees
- Faster approval timelines
5. DLD Fee Support
In certain cases, buyers may receive partial waivers or refunds on the 4% DLD registration fee, resulting in substantial savings.
How Hipmortgages Supports First-Time Buyers
Buying your first home is a major milestone. With Hipmortgages, you’re not navigating the process alone.
We provide:
- Step-by-step guidance for registering and accessing your QR code
- Personalized mortgage advice by comparing offers across multiple banks
- Fast mortgage pre-approval to strengthen your buying position
- Free property valuation (worth up to AED 3,100) with selected lenders
- Complete end-to-end support — from registration to financing to completion
Simply put, we handle the complexity so you can focus on finding the right home.
Why Apply Through Hipmortgages?
Choosing the right mortgage partner makes all the difference.
With Hipmortgages, you benefit from:
- Direct access to UAE lenders offering first-time buyer packages
- A simple, fully online mortgage application process
- Transparent advice with no hidden fees
- Access to some of the best mortgage products in the market
Ready to Explore Your Options?
If you’re considering buying your first home in Dubai, now is the right time to act. The First-Time Buyer Program offers exceptional advantages — and with Hipmortgages guiding you, you’ll be confident at every step.
Apply today and let Hipmortgages help you secure the right mortgage while making the most of Dubai’s First-Time Buyer Program.
Frequently Asked Questions
Can non-Emiratis apply?
Yes. The program is open to all UAE residents who meet the eligibility criteria.
Is there a registration fee?
No. Registration for the program is completely free.
What if I already own property outside Dubai?
You’re still eligible as long as you do not own freehold property in Dubai.
Are only off-plan properties included?
No. Both ready and off-plan properties may qualify, although the strongest incentives are usually tied to off-plan launches.
Can I use the scheme more than once?
No. Once you purchase your first home, your QR code expires.