The Ultimate Guide for First-Time Homebuyers in Dubai

Buying your first home is a landmark moment—and in a city like Dubai, it can also be a smart long-term investment. Known for its modern infrastructure, high rental yields, tax-free income, and vibrant lifestyle, Dubai offers one of the most attractive real estate markets in the world. Whether you’re seeking a sleek city apartment, a cozy suburban townhouse, or a beachfront villa, there’s something for every type of buyer.

If you’re planning to take your first step onto the Dubai property ladder, here’s everything you need to know.

Step 1: Check Your Financial Readiness

Before you start browsing listings, take a realistic look at your finances. For ready properties, you’ll need a minimum 20% down payment if financing via mortgage. For off-plan properties, the down payment can be as low as 10%, with payments spread across construction milestones. Additional costs include a 4% Dubai Land Department (DLD) transfer fee, agency commission (around 2-5%), and possibly a mortgage registration fee (0.25% of the loan amount if applicable).

Ensure you also account for annual service charges and maintenance fees, especially in gated communities or buildings with premium amenities.

Step 2: Ready vs. Off-Plan Properties

Ready Properties are completed homes that can be occupied immediately or rented out right after purchase. This is ideal for end-users or investors seeking quick returns.

Off-Plan Properties are still under construction but offer flexible payment plans and attractive launch prices. They are a great option for buyers with a long-term vision and are often located in emerging communities where property values are expected to rise.

Each option has its benefits—ready properties offer immediacy, while off-plan properties offer affordability and future growth.

Step 3: Understand the Buying Process

For Ready Properties:

• Select your property and sign a Memorandum of Understanding (MOU).
• Pay a 10% deposit to secure the property.
• Apply for a No Objection Certificate (NOC) from the developer.
• Finalise the transfer at the DLD and receive your Title Deed.

For Off-Plan Properties:

• Choose your unit and pay a booking fee.
• Sign the Sales Purchase Agreement (SPA).
• Pay according to the developer’s construction-linked plan.
• Upon completion, the Title Deed is issued after final payment.

Foreign nationals can purchase freehold property in designated areas without the need for UAE residency.

Step 4: Explore Financing Options

Non-residents and expats can access competitive mortgage products in Dubai. Banks typically offer up to 75% loan-to-value (LTV) for properties under AED 5 million and up to 65% for those above. Mortgage terms can stretch up to 25 years but will depend on your income and debt-to-income ratio.

It’s important to get pre-approval before beginning your search to streamline the buying process.

Step 5: Residency Benefits

Buying a property worth AED 750,000 or more can make you eligible for a renewable 2-year Investor Visa. If your investment crosses AED 2 million, you may qualify for Dubai’s prestigious 10-year Golden Visa—ideal for those seeking long-term residency or business opportunities.

Popular Communities for First-Time Buyers

Dubai features a wide range of lifestyle-centric neighborhoods perfect for first-time homebuyers:

• Town Square – Affordable and family-friendly, with parks, schools, and retail nearby.
• Dubai South – Close to Al Maktoum Airport and Expo City, with great off-plan options.
• Jumeirah Village Circle (JVC) – Centrally located with excellent rental yields.
• Dubailand – Offers spacious homes at competitive prices, ideal for growing families.
• Business Bay & Downtown – For those who prefer urban, luxury living close to major attractions.

Your Journey Begins with DreamDwell

At DreamDwell Properties, we specialise in helping first-time buyers navigate Dubai’s dynamic real estate market. From identifying the right community and negotiating deals to assisting with paperwork and handover, we’re with you every step of the way.

Explore our curated portfolio of off-plan and ready homes tailored for first-time buyers. Let us help turn your property goals into reality.

Your dream home in Dubai starts here. Contact DreamDwell today.