Inexpensive property in Dubai is what all people who need to invest in a property or shift to this city of the world look for. With a plethora of regions that have cheap property, finding your ideal abode without hurting your wallet is possible.
International City and Jumeirah Village Circle (JVC) are the cheapest areas with great apartment villa hybrids at affordable prices. The best areas to buy Dubai Properties will be with you through the best areas in this discount.
How We Identified Affordable Areas
For recognizing cheap places where an individual can invest in real estate in Dubai, there is a detailed difference made through the leading real estate marketplaces of Bayut and Property Finder. Both platforms are in such a way that they present live updates about the listings of properties and by which we come to know the current price range these days, in different neighborhoods.
It has compared several apartment, villa, or townhouse property types to find the trends as well as average price ranges. Summarized below are places considered the most affordable by price when making purchases in Dubai:
Dubai International City: AED 590-616 per sqft
- Dubai Investment Park (DIP): AED 726-780 per sqft Dubai Sports City: AED 812.5-1,209 per sqft Jumeirah Village Circle (JVC): AED 896-931 per sqft
- Dubai Silicon Oasis (DSO): AED 1,027-1,104 per sqft.
- Among these, Dubai International City and Dubai Investment Park are known for rock-bottom rates per square foot, so these two locations are sought after by price-conscious buyers.
Best Locations to Buy Property in Dubai on a Budget
Dubai Silicon Oasis (DSO):
A technology-oriented community with very contemporary yet reasonably priced living spaces in business parks and lifestyle amenities would attract the professionals in the technology industry. DSO has a range of studio, one- to three-bedroom apartments, and villas in its residential offerings.
- Bayut: Cheapest property at AED 380,000 for a 344 sqft apartment (AED 1,104/sqft).
- Property Finder: Cheapest property at AED 375,000 for a 365 sqft apartment (AED 1,027/sqft).
There are parks, schools, shopping complexes, and convenient public transportation for DSO to commute.
Jumeirah Village Circle (JVC)
Jumeirah Village Circle is family-oriented living between apartments and villas and Areas to buy property in Dubai. Its location is excellent for being close to shopping malls and entertainment venues.
Bayut: lowest price AED 355,000 with 396 sqft Apartment (AED 896/sqft) Property Finder: similar property price AED 365,000 but smaller with 392 sqft unit (AED 931/sqft).
In fact, JVC is witnessing a great influx of new projects making available such modern properties which are really great for the homeowner or imagine better investment.
Dubai Sports City
Among other things, it is the sport and lifestyle theme of Dubai Sports City that makes it different; in addition, Dubai Sports City is among the places that provide all kinds of property such as apartments that are not very costly.
Bayut: Cheapest abode priced at AED 390,000 for 480 sqft (AED 812.5/sqft)
Property Finder: Another advertisement for AED 370,000 for the even smaller 306 sqft unit (AED 1,209/sqft).
This is for those who want spacious homes and active life.
Dubai International City
It is famous for being cheap, and the apartments in Dubai International City are classified as something ranging from a wider variety of reasonably cheap ones.
Bayut: Cheapest property at AED 280,000 for the 474 sqft unit (AED 590/sqft).
Property Finder: Same advert listing at AED 285,000 for a slightly smaller 462 sqft unit (AED 616/sqft).
This area is suitable for first-time buyers and investors looking for an entry-level price.
Dubai Investment Park (DIP)
- DIP, or Dubai Investment Park, has residential and commercial units mixed, and it is well suited for families and investors.
- Bayut: Cheapest property is at AED 283,400 for 363 sqft (AED 780/sqft).
- Property Finder: Cheaper at AED 264,444 for a 364 sqft unit (AED 726/sqft).
- DIP well positioned right next to major roads and really good public transport access too.
Key Factors Influence on Property Pricing
Learn about the attribute influences on property prices for better-informed judgment:
- Supply and Demand-the price goes up or down depending on how many properties are available for sale and how many buyers want to buy.
- Location-the area is more preferable for the amenities; therefore it can be pricier.
- Economic Conditions-a thriving economy can cause both an increase in prices of properties since more people can afford homes.
- Government Policies-any new laws may spur investments or changes in the market forces.
- Infrastructure New roads and new facilities will beautify some areas, thus increase its price.
Now, with above points considered, you can easily sail through the Dubai property market and spot opportunities for cheap housing.
Conclusion
Dubai has several budget options for property, especially in Dubai Silicon Oasis, JVC, and Dubai International City. If you read about the best places to buy properties in Dubai and use great techniques, you can choose where your dream house will sit in the near future or maybe invest.
