When buying Apartments in Dubai, investors and homeowners are surrounded by multiple options. In addition, an increase in affordable apartments for sale in the city has opened the real estate market to a broader population in recent years.
If you want to purchase an apartment in Dubai on a tight budget, look at this list of well-known neighbourhoods featuring flats for sale for around AED 800,000.
Sports City in Dubai
The mixed-use community of Dubai Sports City is a famous spot to invest in affordable apartments.
Furthermore, this master-planned community combines the best urban living with the convenience of a suburban setting; it is a popular choice among families. You can find one-bedroom apartments for sale at an affordable price with great choice amenities.
The Jumeirah Village Circle (JVC)
The number of purchasers and tenants interested in property in this area has increased tremendously. One reason for this demand is the amenities and facilities. Another reason is that residents can easily access the Dubai Marina, Dubai Internet City, JLT, and Dubai Media City. The apartment complex offers urban living spaces and facilities in a serene village-like setting. The average rent for a studio in JVC is set at AED 426k and for a 1 – bedroom apartment – AED 690k.
Jumeirah Lake Tower
Jumeirah Lake Towers, built around artificial lakes, is another great place to buy an apartment. The apartments for sale in Jumeirah Lake Tower are under AED 800,000. The master plan is divided into 26 clusters (A to Z), each featuring three high-rise skyscrapers, offices, hotels, and stores. You can find it in JLT Reputable schools, amazing cafés, stores, and hotels. At Jumeirah Lake Tower, you will find a one-bedroom apartment for sale at a reasonable price with a wide range of features.
Business Bay
Another community in Dubai featuring affordable apartments for sale is Business Bay. Also, it is one of Dubai’s most fashionable residential and business districts. On the sparkling waters of the Dubai Canal, it is situated next to Downtown Dubai, which defines Dubai.
By providing a wide range of upscale amenities and a fast-paced lifestyle, Business Bay quickly realizes its vision of becoming Dubai’s central commercial center, like Manhattan in New York City. It is a community with a combination of commercial and residential purposes. 1 Bedroom Apartment for sale is available at business bay Dubai at the best price.
The Dubai Silicon Oasis (DSO)
This is a modern suburb filled with technology and innovations. It has a lot of residential structures, which are ideal for individuals looking for luxurious yet economical living in Dubai. The property features gyms, pools, saunas, and steam rooms near shops, supermarkets, and restaurants. This neighborhood is also one of Dubai’s most affordable, with studio apartment prices set at AED 225k.
Downtown Dubai
Saying Downtown Dubai is a perfect area to buy an apartment in Dubai isn’t an exaggeration. In this community, you’re minutes away from all the services and facilities that you might need, like hospitals, schools, nurseries, malls, and more. Downtown Dubai is among the best areas to invest in Dubai, making it a good option for occupancy and investment. It’s located on the Financial Centre road, Dubai.
International City
Most apartments in the International City are available for less than AED 800k. It has a diverse set of living spaces arranged in country-themed clusters and other buildings, which serve as homes for expats. The neighborhood includes supermarkets, sporting facilities, and small restaurants, while most apartment buildings have private gyms and swimming pools. The average price for a studio apartment is AED 321k.
Takeaway
A quick and substantial return on investment can be obtained by purchasing an apartment in Dubai. It varies by area and ranges from 5 to 10 percent annually.
In recent years, the appearance of affordable properties in Dubai opened up the real estate market for a wider demographic. If you’re interested in investing in property in the emirate, you can find a perfect fit for under AED 800k.In the above-stated locations, you will benefit from city living in the same ways as people who live in upscale high-rises and gated villa communities.
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Frequently Asked Questions
Jumeirah Village Circle (JVC)
Dubai Silicon Oasis.
Dubai Sports City.
International City.
Dubai Residence Complex.
In the United Arab Emirates, renting a studio apartment costs between 30,000 and 50,000 AED annually (8,100 and 13,600 USD). Prices for one- or two-bedroom apartments range from 70,000 to 100,000 AED (19,000–27,220 USD).
Buying a two-bedroom apartment is a great investment if you plan to live in Dubai for an extended period and have the financial stability to support a mortgage. Dubai is a wonderland for those looking to invest in real estate due to its strong market trend.
If you say convenience, an apartment in Dubai will suit you better. Apartments are much closer to commercial hubs and recreational activities than villas because they are located in the centre of Dubai than villas. But a villa will likely work out better for you if you value privacy more than convenience.
Jumeirah Village Circle (JVC), Jumeirah Lake Towers, DAMAC Hills, and Furjan emerged as key interest areas. However, wealthy investors have expressed interest in places like Dubai Marina, Downtown Dubai, Arabian Ranches, and Dubai Hills Estate.
