A purchaser buying their first home, often targeted by developers and governments with preferential pricing, lower deposits, or subsidised finance to widen ownership.
Related terms
- Gated community
A residential development with controlled access and shared amenities.
- Gross rental yield
Annual rent as a percentage of a residential property price.
- Handover
The point at which a completed unit is transferred to the buyer.
- Handover payment
The instalment due when a completed unit is transferred to the buyer, typically the largest tranche in an off-plan payment plan and the point at which snagging…
- Household formation
The rate at which new households are created, a core driver of housing demand.
- Mortgage cap
A regulatory ceiling on how much a bank will lend against a property, expressed as a loan-to-value limit; the UAE caps expat first-home LTV around 80 percent,…
- Owner association
A body of unit owners responsible for managing and funding common areas.
- Post-handover payment plan
A financing structure allowing buyers to keep paying after taking possession.