Property buyers are spoiled with a choice of homes and apartments in Dubai. Over the past few years, the volume of affordable real estate in the city has opened up the market to a wider demographic group. If you are interested in investing in an apartment in Dubai but are limited by budget, you can consider this list of popular areas with apartments for sale in Dubai, the UAE, for AED 800,000.
Where can you find apartments for AED 800,000?
Real estate in Dubai is focused on a variety of buyers. You can find many luxury properties in the region. And at the same time, those looking for affordable housing also have a lot of options.
Here are the areas where you can buy apartments in Dubai for less than AED 800,000:
- Jumeirah Village Circle (JVC);
- Dubai Silicon Oasis;
- Dubai Sports City;
- International City;
- Jumeirah Lake Towers.
Let us take a closer look at each of them.
Jumeirah Village Circle (JVC)
Jumeirah Village Circle (JVC), a residential complex by Nakheel, quickly became popular with tenants and buyers. There are only a few areas that can compete with JVC if you are looking for an affordable property in Dubai.
The reason for its popularity is its outstanding amenities and location. Residents have easy access to Dubai Marina, Dubai Internet City, JLT, and Dubai Media City. JVC also stands out for combining comfortable housing, amenities, and a serene suburban atmosphere.
You can get excellent value for money here. The average cost of a studio in JVC is AED 426,000. For 1-bedroom apartments, the average price is higher — up to AED 690,000.
Dubai Silicon Oasis
Dubai Silicon Oasis is a modern suburb with technology and innovation. The area is a self-sufficient community with many residential buildings, ideal for those looking for a comfortable but affordable lifestyle in Dubai.
Apartments for sale in Dubai Silicon Oasis are equipped with all the first-class amenities for a comfortable lifestyle: several towers have a gym, swimming pool, sauna, and hammam.
The proximity of the community to Sheikh Mohammed bin Zayed Street makes it one of the best areas to live in. Residents have access to various gyms, supermarkets, and restaurants.
The eclectic neighborhood is also one of the most affordable in Dubai, offering apartments at reasonable prices. You can buy a small apartment in DSO for AED 225,000 or more.
Dubai Sports City
Dubai Sports City, a multifunctional community, is another popular place to invest in affordable real estate in Dubai. Offering a combination of urban life at its best and the comfort of a rural area, this well-thought-out community is the preferred choice of many families.
First-class amenities, including supermarkets, recreational facilities, and cafés, make Dubai Sports City an attractive offer for both property buyers and tenants. Its location, near Hessa Street (D61) across Al Hail Street (E44), gives residents easy access to the rest of the city.
As the name implies, this is the UAE sports center. Residents can use various sports facilities in the community. Many apartments here are available for purchase for less than AED 800,000.
There are very affordable housing options in International City. You will find a variety of apartments located in country-style clusters. This area becomes a new home for expats who lead a comfortable lifestyle with all the necessary amenities in the community. And this can also be an advantage, especially if it is important for you to have neighbors of your nationality or who speak your language.
The area has supermarkets, sports facilities, and numerous eateries with different types of cuisines, and most apartment buildings have first-class amenities such as gyms and swimming pools.
To buy a studio apartment in International City, you need to spend AED 321,000. To buy a 1-room apartment, you will pay an average of AED 489,000.
Jumeirah Lake Towers
Jumeirah Lake Towers, located around artificial lakes, is another sought-after place to buy an apartment in Dubai for less than AED 800,000. The main building consists of 26 clusters (named from A to Z), each cluster consists of three high-rise towers, offices, hotels, and shops.
JLT is well-known for several reputable schools, excellent eateries, supermarkets, and hotels. Residents with private transport can quickly reach Sheikh Zayed Road (E11) and First Al Khail Street. In addition, public transport is well-developed in the emirate. So whether you have a private car or not, this area is perfect for you.
You can buy a studio in JLT for AED 488,000. The price for a 1-bedroom apartment will be AED 768,000.
Frequently Asked Questions about cheap apartments in Dubai
— Can foreign nationals buy a property in Dubai?
Yes, foreign investors are allowed to buy real estate in Dubai. If you are looking for affordable options, find out more about the cheapest areas to buy real estate in Dubai at Emirates.Estate.
— What is the best way to buy a property in Dubai: for cash or a mortgage?
The answer to the question “to buy a property in Dubai for cash or a mortgage?” depends on your situation and does not have a definite answer. Before making a decision, you should pay attention to such factors as long-term planning, favorable prices, the age of the borrower, and financial stability.
That’s it — now you know about five districts where you can buy an apartment in Dubai without going broke.
Given the pace of Dubai’s development, investing in real estate in the city is one of the best ways to secure your future. Even if you are not going to live in an apartment, you can rent it out and create an additional source of income.
Going from renting to buying an apartment in Dubai is not always easy, especially if you do not have a residence in the country. But if you plan to live in Dubai for at least a few years, you should think about investing in real estate.
Assistance in choosing a property in Dubai
On the Emirates.Estate website, you can get acquainted with the catalog of affordable housing offers or order a personal selection of apartments for your request. Go to the portal right away and get the best offer!