Luxury galore in every corner of Dubai – touted for its skyscraping marvels and unmatched lifestyle, Dubai is on every investor’s mind & heart. Eighty-five percent of homeowners in Dubai are of foreign nationalities, with Indians accounting for around 30 percent of property ownership.
The emirate’s investment trend is predicted to rise as a result of the recently updated Golden Visa criteria. If you want to invest in Dubai, here are our recommendations for communities that offer affordable properties in the city.
Dubai’s Most Affordable Properties To Look At
The Jumeirah Village
Jumeirah Village is a popular New Dubai suburb noted for its freehold, inexpensive properties. Along with many Luxury Apartments in Downtown Dubai, this residential community is chosen by working professionals in this section of the city due to its proximity to corporate hubs such as Dubai Investment Park and Jebel Ali Industrial Area. The proximity to Lulu Hypermarket, Al Barsha Mall & the Dubai Hills Mall is a plus.
The average price of a one-bedroom ready flat starts at AED 84,935.86, while a two-bedroom and two-bath flat costs roughly AED 447030.86.
International City
International City is one of Dubai’s most popular suburbs among international nationals. Because of its close vicinity to Business Bay, Zayed University & Ras Al Khor Industrial, it is an ideal area for students, working professionals, and real estate investors. There are other marketplaces and shopping complexes nearby.
A studio apartment in International City costs between AED 223515.43 and AED 447030.86.
Dubai Sports City
Dubai Sports City is a well-known district noted for its low-cost housing, particularly among Indian and international immigrants. The neighborhood is near Jumeirah Village and has easy access to Dubai Investment Park and the Jebel Ali Industrial Area. Amenities such as healthcare and education exist within a 10-km radius of the area.
The typical cost of a ready one-bedroom and two-bath here is between AED 536437.03 and AED 670546.29. The beginning price of a 2 Bedroom set in the vicinity is more than AED 670546.29.
Dubai Silicon Oasis
Silicon Oasis, a notable district in southwestern Dubai, is a popular residential area. Located near Zayed University and the Amity University Dubai Campus, the neighborhood is popular among students and working professionals and adjacent to the International Centre for Biosaline. Silicon Oasis is particularly popular among homeowners due to its closeness to educational areas and excellent road connections.
A one-bedroom, one-bathroom studio apartment of 376.73 sq. ft. costs about Rs AED 3,79,969.36. A two-bedroom, two-bathroom apartment in Dubai Silicon Oasis with more than 100 square meters starts at AED 8,94,045.56.
Jumeirah Lake Towers
Jumeirah Lake Towers is a centrally located neighborhood in Dubai, next to Palm Jumeirah and Emirates Hills. The area is a renowned housing center with key amenities like schools, hospitals, supermarkets, and shopping malls. Furthermore, these towers are around 12 kilometers away from Jebel Ali Industrial Area and about 15 kilometers from Dubai Investment Park.
The approximate ‘ask’ price of a 40 sq m property in Jumeirah Lake Towers is roughly AED 3,57,663. The typical ‘ask’ price for a 2 Bed, 2 Bath flat in the area starts at AED 12,51,820.08.
With so many opportunities for real estate investment emerging in Dubai, it is advised to conduct comprehensive market research, preferably with the assistance of a licensed broker or certified property consultant.
