10 questions and answers about the “First Real Estate” program in Dubai

The “First Real Estate” program is an initiative dedicated to supporting individuals wishing to buy their first house in Dubai, by providing a set of exclusive advantages that facilitate them to enter the ownership market.

These advantages include: the priority of access to new real estate units of real estate developers, preferential prices on the units seized by the program’s customers, facilitated payment plans for registration fees through selected credit cards, and competitive real estate financing offers from banks.

The program also provides additional advantages for Emirati citizens, in order to enhance the opportunities for ownership and expand the base of the real estate market.

The first real estate ownership program is a distinctive initiative aimed at simplifying the procedures for owning the first house in Dubai and making it easier K, as the program provides the opportunity to see new real estate projects on the map, as it gives preferential prices on new units from chosen developers, in addition to providing carefully designed financing options, in cooperation with the most prominent real estate developers, brokers, and local banks.

1. Who is the person who is qualified to apply for this program?

To apply for joining this program, applicants should fulfill the following criteria: The applicant must be a resident of the United Arab Emirates, and it is available to all nationalities. It is not permissible for the applicant to be the owner of any residential property with free ownership in Dubai. He must be 18 years old and over. And that the value of the property be less than 5 million dirhams.

2. What are the benefits that the program provides?

The eligible buyers will get:

Get preferential prices on new housing units from chosen developers.

Get exclusive discounts on the prices of the housing units offered for sale on the plan.

Flexible payment plans for real estate on the scheme.

Facilitated payment plans for registration fees in the Dubai Land and Property Department via credit cards, within interest -without interest programs.

Enhancing opportunities to obtain home -purchasing options at competitive interest rates and preferential fees from participating banks.

Take advantage of the distinctive additional offers offered by real estate developers and participating banks.

3. How do I apply to participate in the program?

It was registered through the Dubai Land and Property Department website or through the Dubai Rerest application. Send the required information. And if you are eligible to participate in the program, you will receive an e -mail confirmation from the Dubai Land and Property Department that contains the program’s rapid response icon (QR). The Quick response code (QR) was used to reach the program’s advantages through real estate developers and participating banks.

4. Are there any fees for submission or participation?

There are no additional fees for submission or participation in the program. The registration fees for the Dubai Land and Property Department are applied, in addition to the fees for developers or banks, unless it is stated otherwise in the special program offers.

5. Who are the real estate developers participating in the program?

Dear Real Estate Development

Bin Gatti Real Estate Development Company

Buund Real Estate Development Company

Damac Real Estate Development Company

Danube Real Estate Company

Dubai Real Estate Group

Illongton Real Estate Company

Emaar Real Estate Company

Majid Al Futtaim Group

Marras Company

Nakheel Real Estate Development Company

Palma Holding Company

Valley Real Estate Company

6. What are the banks participating in the program?

Dubai Commercial Bank

Dubai Islamic Bank

Emirates NBD Bank

Islamic Emirates

East Bank

7. Is the program limited to real estate on the map?

No, those wishing to own a ready -made property for the first time can take advantage of preferential interest rates, as well as faster approval procedures with the participating banks.

8. Do I need a real estate loan to participate in the program?

No, but real estate loans will be available at preferential interest rates, and faster approval operations for buyers for the first time through the participating banks.

9. Can I choose more than one bank or one real estate developer to work with him?

Yes, after registering and getting confirmation of your eligibility, you can communicate with any of the banks or the participating developers. Note that the offers may differ from partner to partner, but the benefits can only be used with one partner real estate developer and with only one participating bank

10. How will real estate developers communicate with the qualified registrants in the program?

After successfully completing the registration process, real estate developers, chosen to communicate with qualified buyers before the launch of each real estate project.