Binghatti Allocates 10% of Residential Units for First-Time Buyers Under Dubai’s FTHB Programme
Monday, 7 July 2025
Binghatti Holding has joined the Dubai government’s First-Time Home Buyer (FTHB) Programme, reserving 10% of its residential units for UAE residents purchasing their first home. The initiative includes discounts, incentives, and early access to support homeownership.
Key Highlights:
Binghatti’s Participation in FTHB Programme
- Selected among 13 developers for the FTHB initiative launched by Dubai Land Department (DLD) and Dubai Department of Economy and Tourism (DET)
- Allocates 10% of units in new and existing projects (under AED 5 million) for first-time buyers
- Units offered before public launch
Exclusive Buyer Incentives
- Discounts on selected properties for Emiratis and expats
- Reduced administrative service fees
- Focused on supporting ownership over renting and contributing to D33 strategy targeting AED 1 trillion in real estate transactions
Eligibility & Scope
- Open to UAE residents (Emiratis and expatriates)
- Applicable for first-time buyers purchasing freehold homes under AED 5 million
Market Context & Binghatti Portfolio
- Dubai real estate Q1 2025:
- 29% YoY increase in transaction value (AED 114 billion)
- 65% growth in villa and townhouse sales
- Binghatti currently developing 20,000 units across 30+ projects in prime Dubai areas (Downtown, Business Bay, JVC, etc.)
- Known for branded residences with Bugatti, Mercedes-Benz, and Jacob & Co.
- High-profile buyers include Neymar Jr. and Andrea Bocelli
Upcoming Projects & Expansion
- Launched Aquarise Residences in Business Bay (1,500+ units)
- Acquired 8 million sq. ft land in Meydan’s Nad Al Sheba 1
- Plans to build its first master-planned community with a value over AED 25 billion
