Here’s a step-by-step guide to the UAE first-time home buyer loan
Ready to snag your first home in the UAE? Here’s the good news: there’s a First-Time Home Buyer Loan designed just for you. Rolled out by the Dubai Land Department, this initiative is all about making your first step into property ownership simple—even if you’re buying on a budget.
Think lower fees, competitive mortgage rates, and access to prime spots across the city. This fresh Dubai housing scheme is built to help renters level up into proud homeowners. Here’s how to apply and what to expect.
1. Check your eligibility
Step one: Make sure you’re officially a first-time buyer in Dubai.
You’ve got two ways to do this:
Option A: Ask your real estate agent to check your status through the DLD portal using your Emirates ID.
Option B: DIY it—register yourself on the Dubai REST app.
Once you’re approved, the Dubai Land Department will send you a personalized link to finish up your registration.
2. Pick a property from approved developers
You’ll have access to properties from top-tier developers like EMAAR, Nakheel, DAMAC, Meraas, Danube, Binghatti, Azizi, Ellington, Beyond, Palma Holding, and Majid Al Futtaim.
From sleek off-plan studios to move-in-ready townhouses, every option is first-time buyer–friendly and priced under AED 5 million.
3. Reserve your unit
Once you find a place you like, sign the reservation form to secure your unit. That’s when your homeownership journey officially begins.
4. Choose a partner bank
Next up: Lock in your mortgage.
Choose from DLD-approved lenders like Emirates NBD, Mashreq, Dubai Islamic, Emirates Islamic, or Commercial Bank of Dubai.
Just upload the basics—salary certificate, bank statements, and an employment letter—and you’re good to go.
5. Get mortgage approval
After your documents are assessed and approved, the home loan is confirmed. The best part? Dedicated support throughout to help keep things smooth.
What properties can you buy?
- Off-plan projects with flexible payment plans (think 80/20 splits)
- Resale apartments and move-in-ready homes
- A mix of studios, 1–3 bedroom apartments, townhouses, and villas
Where can you buy?
- Budget-friendly hotspots: DLRC, Liwan, Al Warsan, Silicon Oasis, Marjan
- Well-connected, central vibes: JVC, Mirdif, Dubailand
- Diverse picks: Areas with a mix of brand-new builds and resale gems
Why it works for first-time buyers
- AED 5M value cap – Keeps the program truly affordable
- Early access – Be the first to explore new launches
- Exclusive discounts – Special pricing from top-tier developers
- Flexible payment options – Some credit cards offer 0% plans on registration fees
- Smarter mortgages – Enjoy lower rates and reduced fees with partner banks
Final word
The First-Time Home Buyer Loan is all about making property ownership simpler and wallet-friendly. Whether you’re just getting started or ready to settle down, this is your chance to make it happen. Kick things off with an eligibility check, and let the journey begin right here.
