7 Communities with the Best Real Estate Prices in Dubai?
Buying property while on a budget is a heavy assignment, and when your desired location is Dubai, the task is even heavier! It is no news that Dubai is one of the highest in prices regarding real estate. It is also not news that it ranks high on the list of locations with the most dazzling apartments and wealthy lifestyles. Many properties run into millions of dollars, and the wealthy do not hesitate to flock to the Island. However, this fact makes it more problematic – how can one find an affordable property in Dubai? Are all locations as expensive as the property prices in Emaar Beachfront? Is the quest for cheap real estate a mere fantasy in Dubai? The answer to this is relative. According to Emirates. Estate charts, here are some places to get the lowest apartment prices in Dubai.
Locations to Get Cheap Properties for Sale in Dubai
Below are some of the best locations from where you can experience the Dubai Arabia lifestyle and all of its flex and yet get affordable properties to live in. The rents in these areas differ, and the statistics you will find below are based on popular opinions and an internet pool conducted amongst users and residents in Dubai. Here are the locations:
The Dubai International city tops the list of best places to buy cheap and affordable real estate in the city. Did you know you can get an apartment to rent for as low as 50 000 dirhams? This area is the most highly voted for amongst residents in Dubai, and those are the people who understand the nooks and crannies of Dubai’s famous areas. The Dubai International city is about 800 hectares wide and has excellent tower options such as the Basra Tower, the OST tower, the Trafalgar towers, etc.
Next on the list of the most affordable places to live in Dubai is the Al Qusais, where you can get a two-bedroom apartment at 40 000 dirhams yearly. Now when you compare this to other high net environments such as Palm Jumeirah, where one-bedroom may go as high as 300 000 dirhams yearly, you will agree that it is pretty affordable. This district is one of the earliest Dubai communities; it has five metro stations and an airport nearby; it is also divided into three districts, the Al Qusais 1, 2, and 3.
Dubai Silicon Oasis
Dubai Silicon Oasis is listed here as one of the most popular and famous locations that are still reasonably affordable compared to its other counterparts. For example, some people argue that the Dubai Silicon Oasis has the beauty and class of the famous town areas and the lower-class area’s affordability. You can get a decent bedroom apartment for 35 000 dirhams per annum.
Bur Dubai is likewise a nice place to live in. Lifestyle in the area is quite affordable and average. You can get a good two bedroom in this area for an average price of 50 000 dirhams. There are many community highlights, including a museum, a tall minaret, and within trekking distance to Dubai Creek.
Get a fancy and lovely apartment in Deira for as low as 28 000 dirhams. Voted as one of the cheapest locations in Dubai, Deira gets visitors and renters all year round. This area is fascinating because it is equally astonishing and awe-inspiring. Diera is likewise a commercial hub and only a stone’s throw away from the Jumeirah Village Circle. You will not miss any action staying in this part of the city.
Jumeirah Village Circle
Jumeirah Village Circle is one of the surest places to live on a budget, although its cost of rent is higher than some other areas under review here. You may need at least 50 000 dirhams to get a 2-bedroom property on rent in the area, but a studio can go as low as 25 000 dirhams. The Jumeirah Village Circle, however, has a good name that will not embarrass you if you ever have to talk about your habitation. People rate it as one of the high areas; in that light, its rents are more affordable.
Sitting right between Bur Dubai and the Jumeirah, a place applauded for its homeliness and impressive security. It is suitable for families searching for a secure and community lifestyle on the Island. A 2 bedroom may cost you up to 60 000 dirhams annually, and a single bed may be as high as 40 000 dirhams, but it is the best place to live a luxurious family life at a lower cost.
Other quite affordable areas include the Dubai Investment Park and the IMPZ. You can check out these areas if you search for affordable real estate in Dubai.
This article contains a list of places you can find affordable housing in Dubai and how much you should have in your pocket as you scout. It reveals that you can find quality apartments for less than 50 000 dirhams in Dubai, and those properties are primarily in busy areas that are reasonably close to top-in-demand places.