Dubai now offers two distinct pathways into property ownership, each designed for different buyers. The First-Time Home Buyer (FTHB) Programme caters to residents seeking affordable entry into the market, while the Golden Visa route attracts investors aiming for long-term residency through a property-linked investment.
First-Time Home Buyer Programme
Launched by the Dubai Land Department, the FTHB Programme supports UAE residents aged 18+ who have never owned a freehold property. It applies to homes priced up to Dh5 million and prioritizes genuine end-users.
For a Dh1.5 million home, key costs include:
- DLD transfer fee (4%): Dh60,000, often payable in interest-free instalments or waived by some developers.
- Developer discounts: Up to 10% off on select projects.
- Agent commission (2% + VAT): ~Dh32,000.
- Registration and title deed: ~Dh8,200.
- Down payment: 15% minimum (~Dh225,000) with 85% loan-to-value.
- Mortgage processing: Discounted rates through partner banks.
- Programme application fee: None.
A mandatory one-year holding period ensures benefits go to genuine buyers. Advantages include lower upfront capital, eased cash flow, and access to affordable mortgage solutions.
Golden Visa via Property
Investors seeking a 10-year Golden Visa must purchase property worth Dh2 million in approved freehold areas, fully funded either outright or through mortgage equity. Costs for a Dh2 million property include:
- DLD transfer fee (4%): Dh80,000.
- Agent commission (2% + VAT): ~Dh42,000.
- Registration and title deed: ~Dh8,200.
- Mortgage fees (if applicable): 0.25% of loan + Dh290 for registration, plus 0.5–1% bank processing.
- Visa-related charges: Entry permit Dh2,800–3,000, Emirates ID ~Dh1,150, medical exam ~Dh700, service fees Dh300–500, mandatory health insurance Dh500–2,000/year.
Total upfront outlay reaches ~Dh2.136 million. While higher than the FTHB route, it provides long-term residency, flexibility for family inclusion, and potential property appreciation.
Choosing the Right Path
FTHB buyers focus on affordability, lower upfront costs, and homeownership stability. Golden Visa investors prioritize residency security, global mobility, and wealth diversification. Both routes strengthen Dubai’s real estate landscape—one by promoting end-user ownership, the other by attracting long-term foreign investment.