Binghatti Holding, one of the UAE’s leading luxury real estate developers, has joined the newly launched First-Time Home Buyer (FTHB) Program, a strategic initiative launched by Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET).
As one of 13 leading property developers selected to support the FTHB Program, Binghatti Holding will allocate a minimum of 10 percent of its newly launched and existing residential units, priced under $1.3 million (AED 5 million), exclusively for first-time buyers, underscoring the company’s commitment to enhancing accessibility to homeownership for residents across all income levels and reinforcing Dubai’s vision of inclusive and sustainable urban development.
To ensure early access for eligible participants, the units Binghatti will allocate to the FTHB Program will be made available ahead of public launches.
In addition to prioritized access, Binghatti will offer exclusive discounts on selected properties to first-time buyers, with enhanced incentives tailored for Emiratis and expats, as well as discounted administrative service fees.
Katralnada BinGhatti CEO – Binghatti Holding
“We are honored to be part of Dubai Land Department and the Dubai Department of Economy and Tourism’s visionary initiative, one that aligns perfectly with our mission to expand real estate ownership in Dubai. The financial benefits that Binghatti is offering eligible first-time home buyers under the First-Time Home Buyer Program are designed to make the dream of owning a home in Dubai more attainable for a broader segment of the population. By prioritizing first-time buyers, we are not only contributing to the growth of the real estate sector and supporting the Dubai Economic Agenda, D33, theambition of reaching $272 billion (AED 1 trillion) in real estate transactions, but also helping to build stronger, more sustainable communities.”
The FTHB Program comes at a pivotal time for Dubai’s real estate market. In the first quarter of 2025, the Dubai Land Department reported a 29 percent year-on-year increase in total transaction value, reaching $13 billion (AED 114 billion).
Binghatti currently has around 20,000 units under development across about 30 projects in prime residential areas across Dubai, including Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Dubai Science Park, Dubai Production City and Sports City.
Binghatti’s flagship properties are branded residences built in collaboration with Bugatti, Mercedes-Benz, and Jacob & Co. and have attracted celebrity clients including football star Neymar Junior and the opera star Andrea Bocelli.
In May, Binghatti launched ‘Aquarise Residences by Binghatti in Business Bay in Dubai, featuring over 1,500 units spread across 232,300 square feet. The company also announced in May that it had acquired freehold land with over 8 million square feet of gross floor area, with an anticipated total development value of over $6.8 billion (AED 25 billion).
The land is in Nad Al Sheba 1, in the heart of Dubai’s sought-after Meydan district, and is set to be used for what would be the company’s first large-scale master-planned residential community in the Emirate.
