Dubai has often caught the attention of international investors. 85 percent of homeowners in Dubai are foreign nationals. The investment trend in the Emirate is expected to rise tremendously.
Dubai offers a wide range of properties ranging from apartments to villas. There are many affordable options available in Dubai, in addition to expensive ones, to acquire your ideal property.
Let’s check out the Top areas to buy affordable properties in Dubai.
Most affordable residential areas in Dubai
Jumeirah Village
Jumeirah Village is among the most prominent neighborhoods in New Dubai, known for its freehold affordable properties. Working professionals in this city area favor the community since it is close to essential employment centers like Dubai Investment Park and Jebel Ali Industrial Area. An added advantage is the proximity to Al Barsha Mall, Mall of Dubai, Dubai Hills Mall, and LuLu Hypermarket.
This location is between Emirates Hills and Dubai Sports City. The area is served by daily services and main access metro, taxis, cab/bus service, and other options to increase connectivity overall.
Generally, Studio Apartments for sale in Jumeirah village circle start from AED 620,000, whereas if you are looking for a villa, it will cost you around AED 1,700,000 for the 3-bed villa. In addition, being a freehold property gives you 100 percent ownership and easy investment in Dubai.
International City
International City is among the most popular neighborhoods in Dubai among foreign nationals. Its proximity to Amity University, Zayed University, Ras Al Khor Industrial Area, and Business Bay makes it a perfect community for students, working professionals, and real estate investors. Additionally, markets and malls are in the neighborhood.
Dubai International City’s studio apartment starts from AED 270,000 over 514 sq. Ft. to a maximum of AED 520,000. From an affordability point of view, International City always serves a wide range of properties for new home seekers. Whereas a villa in International City will cost AED 1,200,000 (size 2,050 Sq.ft.), the home buyers can opt for the best option, and the mentioned price would vary on the location, size of the apartment, facing, builder, and more.
Dubai Investment Park
Dubai Investment Park (DIP) is one of the significant hubs generating a trail of job opportunities. It includes commercial, industrial, recreational, and residential segments, collectively making it a complete hub for the residents. It was developed in 1997, spread out over 2300 hectares, and with the active 4200+ companies that generate employment and the real estate market, it offers the ideal work-life balance.
2-bedroom Apartments for sale in Dubai Investment Park with 4 bathrooms and 1,561 sq. Ft. space will cost you about AED 700,000, though the price can increase depending on the apartment size you purchase.
Downtown Dubai
Downtown Dubai is a perfect area to buy an apartment in Dubai because it is in the city’s center, leaving you minutes away from other communities and attractions.
You are minutes away from all the services and facilities you might need, like hospitals, schools, nurseries, malls, and more. It is on Financial Centre Road, Dubai.
The Studio in Downtown Dubai is approximately at Avg. AED 1,250,000. Apartments are about Avg. AED 1,800,000. Villas are available at AED 2,950,000
Dubai Silicon Oasis
A prominent neighborhood in southwestern Dubai, Silicon Oasis is a preferred housing hub in the city, nestled next to Zayed University and close to Amity University Dubai Campus. Popular among students and working professionals, the locality is about 10 km from Ras Al Khor Industrial Area and close to the International Center for Biosaline. Silicon Oasis is so well-liked by homeowners because of its proximity to major educational centers and good road connectivity.
The needs of individuals looking for cheap residential options and first-time purchasers looking for the finest investment in Dubai’s developing real estate market are satisfied by DSO (Dubai Silicon Oasis). Because of the area’s rapid growth, more investors have moved in to take advantage of the high yields, and DSO continues to be one of Dubai’s top-performing locations for net rental yields.
The average ready transaction price for all flats in the neighborhood is AED 604 psf.
Al Furjan
Al Furjan is located between Sheikh Zayed Road and Sheikh Mohammed Bin Zayed Road, one of the prominent roads connecting widely to the major areas of Dubai. Also, it is close to the Expo 2020 site, making this an Ideal investment location in Dubai.
Modern families can consider this location by purchasing a luxurious home in this neighborhood. Even from an investment point of view, the rental is attractive, where smaller units will generate good monthly income and lucrative ROI.
A 1-bed apartment over 755 sq. Ft. area costs around AED 639,999. If you are looking for Villas for sale in Al Furjan, it will cost more than AED 1 million. So, the choice is completely yours as the location serves you affordable to high-range property with a high range of amenities, advanced security system, and recreational activities.
Dubai Sports City (DSC)
With its integrated approach to urban life, DSC has become a popular choice among investors for investors on a tight budget.
As the name suggests, it is a neighborhood with a strong emphasis on sports, and it offers good schools, great access to the roads, and several sporting grounds. DSC is perfect for individuals who want to maintain a physically active lifestyle because of its numerous parks, footpaths, jogging trails, and bike lanes.
This neighborhood offers some of the most affordable freehold pricing on the real estate market and contains everything one could need, including residential, retail, commercial, and sporting facilities. DSC’s proximity to Al Khail Road and Hessa Street makes reaching other significant locations in Dubai easy.
The average ready transaction price for real estate in DSC is AED 633 per square foot. Despite being a steady market with no significant growth recently, DSC remains an incredibly affordable place to invest in Dubai, with substantial yield rankings.
That’s a wrap about popular areas for affordable apartments in Dubai. Apart from the areas mentioned above, you can also buy an apartment in Dubai in various other communities. With more choices for real estate investment and purchases emerging in and around Dubai, it is advised to do in-depth market research with the aid of a legally licensed broker or property consultant.
If you found our Blog post helpful and enjoyable, spread the joy!
Share this post with your friends and let them benefit from the insights.
Frequently Asked Questions
Yes, investing in Dubai’s real estate market can be highly profitable, mainly if you choose the right location and drive the right decisions. Dubai offers a thriving investment climate, attractive rental yields, and the potential for capital appreciation.
The real estate market in Dubai has been encountering steady growth, driven by strong demand and government initiatives to boost the sector. The market offers various properties, from luxury villas and apartments to affordable housing options.
Downtown Dubai, Dubai Creek, Business Bay, International City, and JVC are among the most preferred neighborhoods in Dubai among Indians.
Foreign investors can own freehold properties in selected areas of Dubai. Familiarize yourself with the legal requirements, such as getting a residency visa or a business license if you plan to invest in a company.
