Dubai is a hot spot for real estate investment globally. The Emirate offers a wide range of properties ranging from apartments to villas. What’s more, you don’t have to burn a hole in your wallet to own your dream home in Dubai – there are plenty of affordable options along with luxurious ones. Let’s check out the top areas to buy non-luxury apartments in Dubai.
List of Top Areas to Buy Non-Luxury Apartments in Dubai
The consumer search trends in dubizzle’s 2022 Dubai annual sales report show that the popular areas for buying affordable apartments in Dubai include Jumeirah Village Circle (JVC), Dubai Silicon Oasis, International City, Dubai Residence Complex and Jumeirah Lake Towers (JLT).
There are many apartments available for sale in these affordable areas. The prices for studio apartments in these affordable areas range from AED 230,000 to AED 514,000. While 1- and 2-bed apartments in the above-mentioned areas are available at prices ranging from AED 333,000 to AED 1,423,000.
Jumeirah Village Circle – JVC
Jumeirah Village Circle is the most searched area according to dubizzle’s annual sales report for buying affordable apartments in Dubai. It was estimated that the average sales price per square foot for apartments in JVC recorded a rise of 12.15% in 2022.
Being a thoughtfully designed community, JVC offers plenty of amenities and lush green spaces, promoting a healthy lifestyle. That said, the area has an ROI of 6.9% and an average sales price of AED 780,000 in 2022.
JVC is among the popular residential clusters in Dubai. Residents of JVC enjoy a vibrant and diverse community with a mix of cultures and nationalities. The area is well-connected to other parts of Dubai, with easy access to major highways and public transportation.
To buy an apartment in JVC, the price of studio apartments has averaged AED 447,000. For 1- and 2-bed apartments in JVC, the average sales price has been AED 723,000 and AED 1,117,000, respectively.
Dubai Silicon Oasis – DSO
Dubai Silicon Oasis is ranked second on the list of top areas to buy affordable apartments in Dubai. With an ROI of 7.52% and an average sales price of AED 636,000, the eco-friendly area is home to various types of properties in the UAE, including apartments and villas.
Apartments in Dubai Silicon Oasis are popular for their modern and spacious architecture. The area also offers shared amenities, including swimming pools, gyms, parks and recreational areas. The community spans an area of 7.2 square kilometres and is located at the intersection of Sheikh Zayed Road and Dubai-Al-Ain Road.
The sales price for studio apartments in Dubai Silicon Oasis has averaged AED 344,000. The price for 1-bed apartments in the area has averaged AED 480,000 and 2-bed apartments have an average sales price of AED 863,000.
Jumeirah Lake Towers – JLT
Jumeirah Lake Towers ranks third on the list of top areas to buy non-luxury apartments in Dubai. JLT is a popular residential and commercial development located adjacent to Dubai Marina. With an ROI of 7.9% and an average sales price of AED 1,240,000, JLT is a bustling community offering various amenities and convenient access to the Emirate’s top attractions.
The apartments available for sale in JLT come in a variety of sizes, with options to suit every class’s needs. The community is also home to a range of restaurants and retail outlets, making it easy to enjoy a day out without leaving the neighbourhood.
The price of studio apartments in JLT has averaged AED 514,000. While for 1- and 2-bed apartments, the prices have averaged AED 883,000 and AED 1,423,000, respectively.
International City
Ranked fourth on the list of Dubai’s affordable areas to buy apartments, International City is an excellent choice for those seeking a convenient and modern lifestyle. The district covers an area of 8 square kilometres. With an ROI of 9.19% and an average price of AED 358,000, International City is a country-themed cluster of businesses, residences, and tourist attractions.
International City is located in the Al Warsan region of the Emirate, with close proximity to Silicon Oasis, Dubai Safari Park and Academic City. The apartments for sale in International City have different prices. The sales price of studio apartments in International City has averaged AED 230,000. For 1-bed apartments, the price has averaged AED 330,000, and for 2-bed apartments, it is AED 699,000.
Dubai Residence Complex
Ranked fifth on the list of top areas to buy affordable apartments in Dubai, Dubai Residence Complex enjoys a promising location with access to Al AIn Road and Sheikh Zayed Road. The development has an ROI of 6.61% and an average price of AED 568,000.
In addition to libraries, parks, hotels, mosques and healthcare facilities, Dubai Residence Complex offers a wide range of commercial and residential properties for sale. There are many affordable apartments available at Dubai Residence Complex, including studio, 1- and 2-bed apartments.
The sales price for studio apartments in Dubai Residence Complex has averaged AED 313,000. The average prices for 1- and 2-bed apartments are AED 496,000 and AED 653,000, respectively.
Disclaimer: The prices and percentage changes are based on dubizzle’s 2022 annual sales report and are subject to change. Therefore, it is advisable to conduct thorough market research or consult a real estate professional before purchasing an apartment in the above-listed areas.
That’s a wrap about popular areas to buy affordable apartments in Dubai. Apart from the above-mentioned areas, you can also buy an apartment in Dubai in various other communities.
However, if you are looking to rent an apartment in an affordable area, here is the list of top areas to buy non-luxury apartments in Dubai.
Stay connected with dubizzle’s real estate blog for more on top communities to buy or rent properties in Dubai.
