Dubai is known for its stunning skyline, luxury lifestyle, and iconic landmarks. However, it also offers a variety of affordable housing options. From apartments to villas, Dubai’s real estate market offers options for every budget, helping families and investors find affordable properties. In this guide, we will explore the best areas to buy cheap property in Dubai, highlighting their unique features, pricing, and investment potential.
Best Areas to Buy Cheap Property in Dubai
Best Areas to Buy Cheap Property in Dubai
International City: Diverse and Budget-Friendly
International City stands out as one of the best neighborhoods to buy cheap property in Dubai. It is known for its multicultural vibe. This community has various low-rise apartment buildings, which are inspired by international architecture. It is an attractive option for first-time buyers and investors due to its affordability and strong rental yields.
- Property Prices: Studio apartments start at around AED 381,000, while one-bedroom units average AED 550,000. Two-bedroom flats are available for about AED 959,000.
- Key Highlights: The community houses Dragon Mart, a major shopping and trading hub, and offers easy access to Dubai Safari Park.
- ROI: The average return on investment (ROI) in International City is 8.04%, making it a top area to buy a cheap property in Dubai.
Dubai South: Affordable and Well-Connected
It is a rapidly developing district known for its strategic location near the Al Maktoum International Airport and Expo 2020 site. This community offers a range of residential options at competitive prices, which makes it one of the top areas to buy cheap property in Dubai.
- Property Prices: Two-bedroom townhouses start at AED 1.65 million, while villas range from AED 1.87 million to AED 3.27 million.
- Community Features: Dubai South offers a balanced lifestyle with parks, walking tracks, and proximity to major highways.
- Investment Potential: The area’s future growth, especially due to the Expo 2020 legacy projects, makes it a great place to buy property in Dubai in cheap rates.
Jumeirah Village Circle (JVC): Affordable Living in a Family-Friendly Community
Jumeirah Village Circle (JVC) combines affordability with a convenient lifestyle. The community offers apartments, villas, and townhouses in a family-friendly environment. JVC is one of the most affordable places to buy property in Dubai, which provide value without compromising on amenities.
- Property Prices: Studio apartments are priced around AED 620,000, while three-bedroom villas can cost about AED 1.7 million.
- Key Amenities: JVC features parks, schools, retail outlets, and restaurants, making it a great place for families and professionals.
- ROI: Investors can expect steady rental yields, making it one of the best areas to buy cheap property in Dubai.
Discovery Gardens: Green and Affordable
It is located in Jebel Ali and offers a beautiful atmosphere with its garden-themed community. This cheap area in Dubai to buy a property is perfect for those seeking affordability with a touch of nature.
- Property Prices: Studio apartments cost around AED 510,000, while one-bedroom units average AED 763,000.
- Unique Features: Discovery Gardens is divided into themed clusters, such as Mediterranean and Zen, each with unique landscaping.
- Investment Appeal: The average ROI here is 8.92%, making it a popular choice for budget-conscious investors.
Dubai Investment Park (DIP): Affordable Mixed-Use Community
Dubai Investment Park (DIP) is a mixed-use development offering residential, commercial, and industrial spaces. It’s an eco-friendly community with the best amenities, making it one of the most affordable places to buy property in Dubai.
- Property Prices: Studios start at AED 300,000, with two-bedroom units priced at approximately AED 730,000.
- Key Benefits: Proximity to Al Maktoum International Airport and top schools makes DIP appealing to families and professionals.
- ROI: With a strong ROI of 11.37%, DIP is an attractive option to buy cheap property in Dubai.
Al Furjan: Affordable Suburban Living
Al Furjan is a vibrant residential community offering a mix of villas, townhouses, and apartments. It is known for its convenient location between Sheikh Zayed Road and Sheikh Mohammed Bin Zayed Road.
- Property Prices: One-bedroom apartments cost around AED 640,000, while villas can exceed AED 1 million.
- Community Amenities: Al Furjan offers schools, healthcare facilities, and retail outlets, making it one of the best communities to buy cheap property in Dubai.
Town Square: Affordable Homes for Modern Living
Nshama developed Town Square, which provides spacious apartments and townhouses at competitive prices. It is designed for family living with parks, jogging trails, and retail spaces.
- Property Prices: Three-bedroom townhouses are priced around AED 2.41 million, and four-bedroom units cost approximately AED 3.08 million.
- Attractions: The community has playgrounds, schools, and healthcare facilities, making it a great place for young families to buy a cheap property in Dubai.
Remraam: Affordable and Community-Oriented
Remraam is a hidden gem offering a mix of apartments within a community-centered environment. It is one of the best areas to buy cheap property in Dubai due to its tranquil setting and well-developed infrastructure.
- Property Prices: Prices for apartments are highly competitive, with one-bedroom units costing around AED 450,000.
- Community Features: Remraam has parks, swimming pools, and children’s play areas, perfect for families.
FAQs
What is the cheapest area to buy in Dubai?
International City and Dubai Investment Park are among the cheapest areas in Dubai to buy a property, offering studios starting at AED 300,000.
Where is the cheapest place to live in Dubai?
International City and Discovery Gardens are affordable options with budget-friendly apartments and strong rental demand.
Is it cheap to buy property in Dubai?
Yes, compared to other global cities, Dubai offers a range of affordable property options with attractive ROI and no property taxes.
Which areas in Dubai can foreigners buy property?
Foreigners can buy property in freehold areas such as International City, Dubai South, and JVC.
Which is the cheapest emirate to live in UAE?
Ajman is often considered the cheapest emirate to live in, but Dubai’s affordable communities provide a good balance of cost and amenities.
Conclusion
Dubai has many affordable areas to buy property, from budget-friendly apartments in International City to family homes in Town Square. With great returns on investment and communities designed for modern living, there are many good options for families and investors looking for cheap properties to buy in Dubai.
If you’re ready to find the right property, Time Homes Real Estate is here to help. Our team will guide you through buying or selling property in Dubai and make sure you get the best deal for your needs.
For more tips and updates on the UAE’s real estate market, check out the Time Homes Real Estate blog.
