Qube Development, a renowned real estate developer known for creating uniquely designed communities across the UAE, has signed a memorandum of cooperation with Dubai Economic Development Corporation (DEDC), the economic arm of Dubai Department of Economy and Tourism (DET) and Dubai Land Department (DLD) to support the First-Time Home Buyer Program.
The agreement aims to facilitate first-time homeownership for UAE residents purchasing property in Dubai.
Under the memorandum, QUBE Development will participate in the Program by allocating a percentage of units in new project launches to eligible first-time buyers. Selected buyers will receive priority access and exclusive incentives, including preferential pricing, in line with the agreed terms.
“Homeownership is a cornerstone of long-term economic stability and community building,” said Egor Molchanov, CEO of QUBE Development. “This cooperation reflects our belief that developers have a responsibility to support sustainable access to the market, particularly for residents making their first purchase. By reserving units in our upcoming projects and offering exclusive incentives, we aim to strengthen buyer confidence, promote market inclusivity, and contribute to the city’s long-term housing and economic goals.”
The agreement supports the continued evolution of Dubai’s residential market by prioritising end-user demand, long-term residency and sustainable value creation. It reflects a broader shift towards a more balanced housing market aligned with Dubai’s long-term economic objectives.-TradeArabia News Service
Send us your company’s news today and they could be featured on ABC’s Community News tommorow.
