Inside Dubai's first-time home buyer programme

More than 2,000 residents have managed to buy their very first home in Dubai in just six months and currently there are 40,000 on the waiting list of the First-Time Home Buyer Programme, launched in July last year by the Dubai Land Department and the Department of Economy and Tourism. It’s already driven over AED 3.25 billion in residential property sales… and the government is now looking to expand the initiative even further. Mohammed Yahya, Director of Real Estate Transactions at the Dubai Land Department, gives us the details. What is it actually like on the ground for buyers navigating mortgages, deposits, and approvals for the very first time? We ask mortgage broker Jo Phillips. A new report from Oliver Wyman reveals that the global cost of traffic congestion now exceeds 500 billion dollars a year. What can be the solutions to help cities like Dubai and Abu Dhabi? The Dubai Films and Games Commission is partnering with the UK’s National Film and Television School and Prime Video to launch a new Talent Development Programme aimed at fast-tracking the next generation of scriptwriting and production talent in Dubai. And meet Austria's clever cow Veronika...See omnystudio.com/listener for privacy information.