DAMAC Partners with DLD & DET to Propel First-Time Homeownership in Dubai

Staff Writer

Jul. 21, 2025

DAMAC signs MoC with Dubai Land Department and DET to support Dubai’s First-Time Home Buyer Program, aiming to ease homeownership for UAE residents.

The agreement establishes DAMAC as a central partner in the newly launched First-Time Home Buyer Program, which aims to tackle key challenges faced by first-time property buyers. (Image: DAMAC Properties)

Dubai, UAE - 21 July 2025 – In a significant step toward enhancing accessibility for aspiring homeowners, DAMAC Properties has signed a landmark Memorandum of Cooperation (MoC) with the Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET) to support Dubai’s First-Time Home Buyer Programme.

Empowering First-Time Buyers

Under the agreement, DAMAC will collaborate directly with DLD and DET to facilitate property ownership for UAE residents purchasing their first home. This strategic cooperation is designed to simplify access, streamline processes, and provide exclusive support for eligible applicants.

DAMAC’s Managing Director, Amira Sajwani, stated:

“This collaboration underscores DAMAC’s commitment to enabling aspirational lifestyles through inclusive and forward-thinking solutions. By working alongside DLD and DET, we aim to help residents take the meaningful step toward owning their first home. This move supports creating stability, community and a sense of belonging for Dubai’s diverse population.”

Amira Sajwani, managing director at DAMAC Properties

Amira Sajwani, Founder and CEO of PRYPCO

Backing Public Housing Initiatives

The initiative aligns closely with broader government efforts to expand homeownership, including Dubai’s strategic goals under the Real Estate Strategy 2033 and the Dubai Economic Agenda D33. The First-Time Home Buyer Programme offers priority access to new property launches, preferential pricing on units, flexible payment plans, and customized mortgage solutions through participating developers and banks.

With DAMAC now among the early developer partners, the programme aims to reach UAE residents of all nationalities who meet eligibility criteria such as being at least 18 years old, residing in Dubai, and not previously owning freehold property,on units priced up to USD $1.36 million (AED 5 million).