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Explore Affordable Neighborhoods in Dubai in 2024

Discovering that ‘Dubai is surprisingly more economical’ than numerous other cities is truly eye-opening, considering that statistical data reveals Dubai is 37.52% less costly than New York. 

This revelation creates an enticing opportunity for prospective homebuyers and investors in search of affordable properties in various Dubai neighborhoods, whether it be an apartment or villa.

Does this resonate with you?

Fantastic! You’ve landed in the right place. We are about to delve into the ‘Most affordable places to buy property in Dubai,’ where the average price range spans from AED 290K to AED 5 million, encompassing options in both apartments and villas.

Now, let’s explore the budget-friendly properties available for purchase in Dubai, drawing the attention of a diverse global buyer audience. If you find yourself fitting this description, stay with us as we’ve compiled a list of economical areas for property investment in Dubai!

Most Affordable Neighborhoods in Dubai

Dubai, renowned as a premier tourist destination, is strategically expanding its footprint in the real estate sector. The attraction of tax-free properties and exclusive luxury projects, coupled with an ever increasing population, is attracting investors and homebuyers from across cities. 

Dubai now offers a diverse range of properties, hailed as prime areas for their lifestyle, pricing, builders, and return on investment (ROI).

• International City Dubai (Freehold Area)

International City Dubai stands out as an ideal hub for businesses, tourists, and boasts alluring theme-based architecture sprawled over 8 million square meters. The area’s ambiance reflects the traditional Middle East, meticulously planned by Nakheel Properties.

Predominantly, the landscape is adorned with apartments, complemented by villas, townhouses, duplexes, and land. Recognized as an affordable attraction for buyers, International City offers a variety of properties catering to different budgets.

Moreover, ongoing projects will expand the community to accommodate over 60,000 residents. To enhance the quality of life, the area features commercial and retail spaces, ensuring basic needs are within easy reach.

Key Facilities Nearby:

• Schools: American schools (25 min) & English National school (15 min)
• Hospital: NMC Clinic (6 min)
• Restaurants: Wokyo Noodle Bar (20 min) and Shabu Shabu-Nine Squares Restaurant (3 min)
• Nightclubs: Goldenque (20 min), Societe Nightclub (33 min), and The Hideout Dubai (33 min)

What’s the cost of buying property in Dubai International City?

The cost varies based on the type of property in Dubai International City. For a studio apartment, prices start at AED 270,000 for a 514 Sq. Ft. unit, going up to a maximum of AED 520,000. From an affordability standpoint, International City consistently offers properties tailored to the needs of new home seekers, providing a diverse range suitable for small family sizes

• Deira (Freehold Area)

Deira stands out as a significant area drawing in numerous tourists, renowned for hosting the world’s largest gold market. Being a major attraction in Dubai, it encapsulates the heritage and distinctive ambiance that makes it a must-visit destination. Currently, Deira encompasses 20% of Dubai’s land and is home to approximately 400,000 residents.

From a residential perspective, it’s recognized as an affordable area. This historic region offers ample retail space, dining options, and other essentials, providing residents with convenient living. Professionals or small families can easily find suitable properties based on their needs and budget.

Key Facilities Nearby in Deira Dubai:

• Schools: American schools (14 min) & English National school (14 min)
• Hospitals: NMC Medical Centre (8 min) and Belhoul Speciality Hospital (7 min)
• Restaurants: Ashiana Restaurant (13 min) and Calicut Notebook (22 min)
• Nightclubs: Boracay Nightclub (6 min) and QD’s Lounge Bar (15 min)

What’s the cost of buying property in Deira Dubai?

For a 1-bedroom apartment with 923 Sq. Ft., the price is AED 750,000. Meanwhile, a 2-bedroom apartment (1,636 Sq. Ft.) is priced at AED 1.1 million, offering essential community features for a convenient lifestyle with easy access to day-to-day needs.

• Dubai Investment Park

Dubai Investment Park (DIP) serves as a major hub, generating numerous job opportunities across commercial, industrial, recreational, and residential segments. Established in 1997, it spans over a 2300-hectare area, creating a comprehensive hub for residents. 

With over 4200 active companies, DIP fosters a perfect work-life balance, attracting employment and fueling the real estate market.

Key Facilities Nearby in Dubai Investment Park:

• Schools: Nibras International School (6 min), Greenfield International School (4 min), and Dove Green Private School (5 min)
• Hospitals: NMC Hospital (6 min) and NMC Royal Hospital (5 min)
• Restaurants: Tresind Dubai (34 min), Zenzi Thai (9 min), and Veg Hut Restaurant (7 min)
• Nightclub: Chic Night Club (29 min)

What’s the cost of buying property in Dubai Investment Park?

A 2-bedroom apartment with 4 baths covering a 1,561 Sq. Ft. area is priced at around AED 700,000 in Dubai Investment Park. 

Prices may vary based on the apartment size, and for those considering a villa, it costs AED 1,200,000 for a 2,050 Sq. Ft. property in International City. Homebuyers can choose the best option, with prices subject to factors like location, apartment size, facing, builder, and more.

• Jumeirah Village (Freehold Area)

Consider Jumeirah Village, an option that offers a blend of villas, apartments, and townhouses. Nakheel is the master developer, with DAMAC, Azizi, and The First Group also contributing to this vibrant community.

This complete residential area seamlessly integrates supermarkets, clubhouses, retail shops, malls, and more, ensuring easy access to both basic and higher needs without the hassle of a long commute.

Situated 19 minutes away from Burj Khalifa, 20 minutes from Dubai International Airport, and 21 minutes from The Dubai Mall, Jumeirah Village guarantees convenient access to prime areas of Dubai. Traveling to any top location in Dubai is estimated to take less than 40 minutes.

Key Facilities Nearby in Jumeirah Village Dubai:

• Schools: Jumeira Baccalaureate School (23 min)
• Hospitals: King’s College Hospital (11 min) and Iranian Hospital (24 min)
• Restaurants: Samad Al Iraqi Restaurant (23 min) and Tasca (23 min)
• Nightclubs: Bliss Lounge (18 min) and Bla Bla Dubai (18 min)

What’s the cost of buying property in Jumeirah Village?

For a studio in Five Jumeirah Village Dubai, the price is AED 620,000. If you’re in the market for a villa, a 3-bedroom villa will cost you around AED 1,700,000. Additionally, being a freehold property, it offers 100 percent ownership and ease of investment in Dubai

• Al Furjan

Modern families can explore Al Furjan as an exclusive location for their property needs. From an investment perspective, the rental opportunities are enticing, with smaller units promising good monthly income and a lucrative return on investment.

Key Facilities Nearby in Al Furjan Dubai:

• Schools: The Arbor School (7 min)
• Hospitals: Medicentres Al Furjan (4 min) and Advanced Care Oncology Center (7 min)
• Restaurants: Oregano Al Furjan (4 min), Chicken on fire restaurant (4 min), and Bikanervala Al Furjan (5 min)
• Nightclubs: Kech Mahal (15 min), The Byron Bathers club (16 min), and Chameleon Club (17 min)

What’s the cost of buying property in Al Furjan?

A 1-bedroom apartment spanning 755 Sq. Ft. is priced at AED 639,999, while a villa will cost you more than AED 1 million. The choice is yours, as Al Furjan offers properties ranging from affordable to high-end, equipped with a variety of amenities, advanced security systems, and recreational activities.

• Emaar South Dubai – Affordable Properties

Situated on the outskirts of Dubai, Emaar South is a new community strategically located near Al Maktoum International Airport, directly accessible from the Dubai-Abu Dhabi highway. It also encompasses the Expo 2020 site within its radius.

Conceptualized by EMAAR, this community features an 18-hole championship golf course, 53,000 sq. m. of retail space, mega outdoor activities, Reimond’s Lake, and more, creating a holistic environment for families. Residents, both young and old, can engage in various activities, optimizing their free time.

Location advantages of EMAAR South Dubai:

• Dubai International Airport: 47 min
• Burj Khalifa: 41 min
• Dubai Frame: 43 min
• Dubai Mall: 40 min
• Jumeirah Mosque: 47 min

What’s the cost of buying property in EMAAR South Dubai?

For a studio, the price is under AED 700,000. A 1-bedroom apartment for sale is close to AED 800,000, a 2-bedroom apartment is AED 1.1M, and a 3-bedroom apartment in EMAAR South is close to AED 1.3M.

Additionally, for 2-bedroom villas, prices range from close to AED 900k to AED 1.1M, while 3-bedroom villas range from AED 920K to AED 1.2M. Comparatively, villas take the spotlight, offering an attractive opportunity for homebuyers to realize their dream of owning a villa in Dubai.

Bottom-Line

Incorporating all the aforementioned areas, Dubai presents the most cost-effective options for purchasing apartments or villas. If you’re prepared, consider adding Dubai to your next wish list for acquiring the most budget-friendly properties. 

The attractive affordability rate and promising return on investment make investing in Dubai a clear and advantageous choice for investors with limited budgets and homebuyers seeking comfortable living communities with modern features. In summary, the above-mentioned areas provide an array of ideal and affordable homes in well-appointed surroundings.