Joint Initiative by Dubai Land Department and the Dubai Department of Economy and Tourism

Dubai Launches Landmark Initiative Further Enabling First-Time Homeownership

First-Time Home Buyer programme offers aspiring Emirati and expatriate homeowners priority access to new launches, preferential prices, and tailored mortgage solutions

The initiative aligns with the Dubai Economic Agenda, D33, the Dubai Real Estate Strategy 2033, and the UAE’s Year of Community

• Majid Al Marri: The collaboration reflects our commitment to empowering government partnerships, serving the public interest, and supporting the emirate’s vision to be a global model in real estate management.
• Khalid Al Thani: The collaboration enhances the development of endowment properties to ensure their sustainability and investment in line with best practices.
• Under the memorandum, ‘Awqaf Dubai’ properties will be valued and classified according to the Building Classification Project developed by DLD.
• The Building Classification Project uses five criteria to achieve the highest levels of survey accuracy: engineering and technical standards, sustainability, documentation, health and safety, and management and finance.

Dubai, United Arab Emirates, 29 April 2025: Dubai Land Department (DLD) signed a memorandum of collaboration with the Awqaf and Minors Affairs Foundation (Awqaf Dubai). The aim is to develop the properties within the foundation’s real estate portfolio and enhance their competitiveness in the emirate’s real estate market. This will be achieved through the Department’s Building Classification Project, strengthening cooperation across various areas of mutual interest.