QUBE Development signs MOC with DEDC to support First-Time Home Buyer Program
The agreement supports the continued evolution of Dubai’s residential market by prioritising end-user demand, long-term residency and sustainable value creation
Developer QUBE Development has signed a memorandum of cooperation (MOC) with Dubai Economic Development Corporation (DEDC), the economic arm of Dubai Department of Economy and Tourism (DET) and Dubai Land Department (DLD). This collaboration aims to support the First-Time Home Buyer Program, facilitating first-time home-ownership for UAE residents purchasing property in Dubai.
As part of the agreement, QUBE Development will allocate a percentage of units in new project launches to eligible first-time buyers. These selected buyers will enjoy priority access and exclusive incentives, such as preferential pricing, in accordance 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 also reflects a broader shift towards a more balanced housing market aligned with Dubai’s long-term economic objectives, the statement concluded.
