One of the largest property developers in Dubai, Binghatti has declared that 10 percent of its new residential units will be set aside to accommodate first-time purchasers. It is a part of the First-Time Home Buyer (FTHB) Programme, a joint programme of Dubai Land Department (DLD) and Dubai Department of Economy and Tourism (DET), which attempts to simplify the process of homeownership to Emiratis and expatriates in the UAE.
This action is beneficial to new purchasers in actual sense. Special discounts, reduced administration costs, and personalised incentives are some of the special furnishings that only the selected properties will enjoy in bid to reduce the cost barrier that faces one seeking to venture into the competitive real-estate market in the city.
Are you an Emirati or an expat who has lived in this country long enough to call it home, but you still rent rather than own? This program will present you with a true opportunity to shift to buying property in one of the best cities in the world. Dubai is scheduled to become one of the most important cities in first-time homeownership in 2025, and with Binghatti, the transition will be cheaper, easier, and more accessible.
The special provision of the units will guarantee that the first-time buyers will not be crowded with investors or those owning several properties. Rather, it remains on providing actual opportunities for the real home seeker to access the property ladder.
When you have been waiting to have the best time to purchase your first house in Dubai, it might be the moment. It is made possible by the support of Binghatti and the backing of the FTHB Programme, and homeownership is nowadays a reality.
For personalized guidance and expert advice on Dubai real estate, Keystone is here to help. Contact us today +971 58 542 1007 | sales@ksgre.com to connect with a knowledgeable agent who can address your specific needs and guide you through every step of buying your dream home.
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