Azizi Developments signs MoU with DLD and DET to support First-Time Home Buyer Program

Press release

Published July 4th, 2025 - 05:36 GMT

Azizi Developments signs MoU with DLD and DET to support First-Time Home Buyer Program

Azizi Developments, a leading private developer in the UAE, has announced the signing of a Memorandum of Understanding (MoU) with the Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET). This strategic collaboration supports the emirate’s new First-Time Home Buyer Program - an initiative aimed at facilitating more accessible property ownership and expanding access to real estate investment across Dubai. The initiative aligns with the UAE’s Year of Community, reinforcing shared responsibility and social cohesion.

As part of this agreement, Azizi Developments will provide exclusive offers to first-time buyers through a dedicated platform managed by DLD and DET. Azizi Developments will channel direct sales to interested buyers at favorable prices, made possible by reallocating brokerage commission margins - further enhancing affordability and value.

Mr. Mirwais Azizi, Founder & Chairman of Azizi Developments, said: “We are pleased to partner with Dubai’s leading government entities on this forward-thinking initiative that aligns with our mission to empower new buyers and contribute to Dubai’s sustainable economic and urban development. By improving accessibility and introducing tailored pricing structures, we are helping to transform more residents into homeowners while supporting the growth of the real estate sector."

The programme aligns with the Dubai Real Estate Sector Strategy 2033, which seeks to double the real estate sector’s GDP contribution to AED 73 billion and increase homeownership rates to 33%. By providing structured support to first-time buyers, the program reinforces investor confidence and economic resilience. Converting renters into homeowners boosts economic stability by encouraging long-term financial planning and asset-building.

The official launch event for the First-Time Home Buyer Program took place on Wednesday, 2 July 2025, at the Dubai Land Department. The program is supported by a joint promotional campaign to drive awareness and engagement.

Azizi Developments’ Sales Gallery can be visited on the 13th floor of the Conrad Hotel on Sheikh Zayed Road.

Background Information

Azizi Developments

Although the foundation stones of the present-day Azizi Group were laid in 1989, it was in 2007 when the towering presence of Azizi Developments first began to take shape. Mirwais Azizi was driven to design homes and communities inspired by modern urban living. But at the heart, it was about giving back to a city that had offered him and his family a place of peace and security. He set a vision for the future without losing sight of the past, ensuring he stays within client budgets, but goes beyond the norm to create the best possible living experience for people. Today, Azizi Developments reflects the aspirations of a wide spectrum of lifestyle seekers. This means a permanent dedication to understanding and meeting clients' aspirations, developing distinctive homes that set the standard in contemporary building design and offering an unparalleled level of customer service. It's about unlocking a new lifestyle for the curious and ambitious, setting the ideal platform to live, work and play – and building communities that bring people closer.