Dubai’s real estate market is synonymous with luxury properties ranging from floating villas to sky-high penthouses. However, this vibrant city also offers a variety of affordable options for those looking to own a unit in the Emirates. Whether you’re searching for a studio in the city centre or a spacious villa nestled in a serene community, Dubai can cater to every budget and preference.
For your convenience, we have listed down some affordable places to buy property in Dubai.
Top Affordable Areas to Buy Villas in Dubai
Following are the popular areas to buy affordable villas in Dubai.
Communities | Avg.Price of 3-Bed | Avg.Price of 4-Bed | Avg.Price of 5-Bed |
|---|---|---|---|
Communities DAMAC Hills 2 (Akoya by DAMAC) | Avg.Price of 3-Bed 1,360,000 | Avg.Price of 4-Bed 1,686,000 | Avg.Price of 5-Bed 5,288,000 |
Communities Reem | Avg.Price of 3-Bed 2,420,000 | Avg.Price of 4-Bed 2,974,000 | Avg.Price of 5-Bed N/A |
Communities Jumeirah Village Circle (JVC) | Avg.Price of 3-Bed 2,692,000 | Avg.Price of 4-Bed 3,032,000 | Avg.Price of 5-Bed 3,092,000 |
Communities The Valley | Avg.Price of 3-Bed 2,195,000 | Avg.Price of 4-Bed 3,090,000 | Avg.Price of 5-Bed 5,426,000 |
Communities The Springs | Avg.Price of 3-Bed 3,905,000 | Avg.Price of 4-Bed 5,288,000 | Avg.Price of 5-Bed N/A |
DAMAC Hills 2 (Akoya by DAMAC)
DAMAC Hills 2 is a serene residential community sandwiched between Al Ain – Dubai Highway (E66) and Jebel Ali – Lehbab Road (E77). The ideal location of the community provides direct access to the city centre.
The community is known for its tranquil environment, green spaces and professionally manicured gardens. If you are also looking for a serene community to live in, browse through these villas for sale in DAMAC Hills 2 and buy your very own villa.
The master plan of the community includes 10k independent villas and townhouses and 650 serviced villas. Each offers a scenic view of the golf course. For transportation, private vehicles are preferred, as public transportation is limited.
With all of these facilities, the average price of villas in DAMAC Hills 2 (Akoya by DAMAC) is AED 1,925,000 with an ROI of 6.10%.
Reem
Next on the list of the most affordable areas to buy property in Dubai is Reem. The community is constructed in the form of a modern oasis with a park in the centre. Alongside the park, sand surfing, go-karting and camel riding trails are also present. The proximity to the Al Qudra cycle track is also an add-on.
The townhouses and villas in Reem are surrounded by palm trees and lush green gardens. The buildings are inspired by Arabic and Mediterranean architecture.
The average sales price of villas in Reem is AED 2,605,000 with an estimated ROI of 6.83%.
Jumeirah Village Circle (JVC)
JVC is the brainchild of Nakheel, one of the leading real estate developers in Dubai. It is located in the centre of modern Dubai, offering its residents an escape from the metropolitan city. The community is surrounded by professionally maintained gardens, canals and green spaces, making it an ideal urban serene community.
JVC offers around 2,000 residential units arranged in a village-like setting. The community also has a well-connected transportation network with multiple bus routes crossing the area. Moreover, The Gardens Metro Station and Al Furjan Metro Station are also located nearby.
The estimated ROI of villas for sale in JVC is 7.12% with an average sales price of AED 2,936,000. Browse through these villas for sale in JVC and buy your very own villa in the vibrant community.
The Valley
The Valley is a self-sustained community located on the Dubai – Al Ain Road (E66). The community features multiple modern villas and townhouses surrounded by green spaces. Moreover, a dedicated retail area, parks, jogging tracks and playgrounds are also present within the community.
For residents using public transportation, options are limited. Private cars are more preferred to commute to and from The Valley.
With an estimated ROI of 9.50%, the average sales price of villas for sale in The Valley is AED 2,972,000.
The Springs
The family-friendly community of Springs offers the latest-designed villas and a tranquil environment to its residents. The 4,800 semi-detached houses in the community are surrounded by lush green gardens, lakes and landscaped green spaces.
The nearest metro station is the DMCC Metro Station located at a drive of 8-minutes. For buses, the F31 bus route crosses the neighbourhood areas. Moreover, the Dubai Taxi service is also available.
The average price of villas in the Springs is AED 3,212,000 with an estimated ROI of 5.83%.
Top Affordable Areas to Buy Apartments in Dubai
Now that you are aware of affordable places to buy villas in Dubai, let’s move towards popular areas to buy affordable apartments in Dubai.
Communities | Avg.Price of Studio | Avg.Price of 1-Bed | Avg.Price of 2-Bed |
|---|---|---|---|
Communities Al Qusais | Avg.Price of Studio N/A | Avg.Price of 1-Bed 519,000 | Avg.Price of 2-Bed 49,000 |
Communities International City | Avg.Price of Studio 323,000 | Avg.Price of 1-Bed 467,000 | Avg.Price of 2-Bed 853,000 |
Communities Liwan | Avg.Price of Studio 417,000 | Avg.Price of 1-Bed 457,000 | Avg.Price of 2-Bed 754,000 |
Communities Dubai Residence Complex | Avg.Price of Studio 438,000 | Avg.Price of 1-Bed 638,000 | Avg.Price of 2-Bed 853,000 |
Communities Dubai Sports City | Avg.Price of Studio 468,000 | Avg.Price of 1-Bed 660,000 | Avg.Price of 2-Bed 1,052,000 |
Al Qusais
Nestled between Dubai Creek and the Dubai – Sharjah border, Al Qusais is one of the oldest districts of Dubai. The community is culturally rich featuring a blend of commercial and residential properties. That said, the apartment buildings in the area are low to mid-rise.
Al Qusais has a well-connected public transportation network with five metro stations located near the community. Moreover, RTA buses and taxis are also available.
The average price of apartments for sale in Al Qusais is AED 449,000 with an ROI yield of 9.08%.
International City
International City is a project of Nakheel launched in 2002. The community spans over an area of 800 hectares featuring low-rise country-themed apartment buildings and other residences. International City is home to 500 apartments adjusted in a cluster of 10 buildings. The apartments are available in Studio to 3-bedroom configuration.
Residents can opt for four different buses that connect the community with the city centre. Alongside buses, taxis and ride-hailing services are also available in the area.
With all of these facilities, the estimated ROI of apartments for sale in International City is 6.94% with an average sales price of AED 480,000.
Liwan
Liwan is one of the freehold property areas of Dubai sandwiched between the Dubai – Al Ain Road (E66) and Mohammed Bin Zayed Road (E311). The ideal location of the community provides it with direct access to city centres.
The apartments in Liwan are available in Studio to 4-bed configurations. Each apartment is equipped with ceramic tiles, double-glazed windows and premium-quality finishes. Moreover, residents can also avail of the Dubai Metro with the nearest station located in Rashidiya at a drive of 14 minutes.
The average sales price of apartments in Liwan is AED 590,000 with an estimated ROI of 8.95%.
Dubai Residence Complex
The Dubai Residence Complex is nestled between the major highways of the UAE; Dubai – Al Ain Road (E66) and Emirates Road (E611). The community boasts a blend of residential and commercial properties. The RTA bus route 30 directly connects the Dubai Residence Complex with the rest of the Emirate.
With all of these features, the estimated ROI of apartments in the area is 6.73% with an average sales price of AED 713,000. If you are also interested in availing of this newly developed neighbourhood, browse through these apartments for sale in the Dubai Residence Complex.
Dubai Sports City
As evident from the name, Dubai Sports City is a centre of physical activities. The community is home to Els Club and an international cricket stadium. The community features a mix of residential and commercial buildings. The apartments in the area are available in Studio to 3-bed configuration.
With all of these facilities, the average sales price of apartments in Dubai Sports City is AED 718,000 with an ROI yield of 7.45%.
FAQs
Where can foreigners buy property in Dubai?
Foreigners are allowed to buy property in the dedicated freehold property areas of Dubai.
What are the DLD charges for buying a property in Dubai?
The DLD fee is 4% of the total property value.
Can I get a home loan to purchase property in Dubai?
Yes, you can get a home loan to buy property; however, you must cater to the basic criteria set by the bank. Here are all the details regarding getting a mortgage in Dubai.
This was the complete list of affordable places to buy property in Dubai. Dubai’s real estate market is continuously growing offering higher investment returns to the investors. In fact, the market has shown a continuous upward trajectory in past decades. If you are also interested in availing of the higher return, buy properties for sale in Dubai and invest in real estate.
Besides, for more tips and tricks, read through our blog on Dubai’s real estate investment strategies to increase profit.
Stay tuned to dubizzle’s property blog for more information on affordable areas of the UAE.
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