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Most Affordable Areas to Buy Property in Dubai

Posted by Kelt&corealty on December 27, 2023
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Areas to Buy Property in Dubai

Dubai’s real estate market recovered rapidly after the COVID-19 pandemic. Tax-free laws and high ROIs have always attracted buyers and investors worldwide. Dubai’s real estate is synonymous with prestige and luxury living, another factor attracting many people.

The market is also regarded as extremely expensive, but many areas are pretty affordable compared to ultra-luxurious areas. Following are the areas which are very affordable and provide cheaper options:

International City

International City is one of Dubai’s most affordable options for buying property. It covers approximately 8.0 sq. km and has a traditional Middle Eastern vibe. The area provides multiple property options like studios, villas, land, apartments and townhouses. It was developed by Nakheel Properties, one of the most reputable developers in the Gulf Region.

The area is attractive for investors as it provides high rental rates. The demand for rental properties is very high, so you will likely get the returns instantly. The International City is expected to accommodate around 60,000 residents once the ongoing projects are completed.

It is located in the Al Warsan region of Dubai near Dubai Central Fruit and Vegetable Market. The area has all the necessary amenities like parks and commercial areas. Moreover, schools, hospitals, and restaurants are near the community.

Currently, there is no direct access to the Metro, but the closest metro station, Rashidiya Metro Station, can be accessed easily via public transport. Other main areas of Dubai are also very accessible from the district, like

  • Dubai International Airport is 16 minutes away.
  • Dubai Mall is a 23-minute drive.
  • Dubai Frame is a 24-minute drive.
  • Burj Khalifa is a 25-minute drive.
  • DWC is a 43-minute drive.

Many low-rise buildings are forming different clusters in the district. The residents can also easily access the Dubai Safari Park. The prices for studios start from around AED 290,000 on average, and for 1- and 2-bedroom apartments, they are usually around AED 407,000 and AED 804,000, respectively. The most attractive thing in the district is the ROIs on the flats, which is a whopping 7.6%, and ROIs on the villas is around 6.44%, one of the highest returns in Dubai.

Deira Dubai

Deira is one of the oldest commercial centers in Dubai. It is a commercial and residential hub and is a very densely populated area. It is located on the Arabian Gulf coast and borders Sharjah and Dubai Creek in the south. It is a significant tourist attraction for its gold market and a classic Dubai experience as it provides a traditional feel in a bustling city. The area accommodates almost 20% of the city’s population and is a very high-demand area for rentals. 

Deira is considered one of Dubai’s most affordable areas to buy property. With all the basic options available within walking distance, many small families and working people prefer to buy or rent properties in the area.

The area provides plenty of options like studios and apartments with a minimal number of villas as well. Prices for studios usually start from AED 270,000. The area is very near to all the main centers of Dubai. It only requires:

  • 12-minute drive to DXB Airport.
  • 24-minute drive to Downtown Dubai.
  • 26-minute drive to Business Bay.
  • 58-minute drive to DWC Airport.

Discovery Gardens

Discovery Gardens is located in the Jebel Ali District. Nakheel Properties developed it and is one of the most standout communities featuring landscaped gardens and wide open spaces. This community provides multiple property options spread across six different garden-themed clusters, such as:

  • Contemporary
  • Zen
  • Cactus
  • Mediterranean
  • Mogul
  • Mesoamerican

The community provides all the basic and luxury amenities at a very affordable rate. This area is trendy among homebuyers and investors due to its high returns and family-friendly and eco-friendly environment. The expected ROI for the area is around 9.5%, one of the top ROIs in Dubai. Studio apartments usually start from AED 365,000; a 1-bed apartment is usually AED 526,000. Moreover, the area is very close to central city locations such as:

  • 15-minute drive to Palm Jumeirah.
  • 25-minute drive to Business Bay.
  • 30-minute drive to DWC Airport.
  • 32-minute drive to DXB Airport.

Dubai South

Often referred to as South Dubai due to its location in the southern part of Dubai, it is a new community developed by Emaar Properties within proximity of Al-Maktoum International Airport (DWC Airport) and Dubai Expo 2020. It is located near the Abu Dhabi highway, providing a short route to the other cities compared to other districts.

 It is one of the most affordable options to purchase a townhouse. The prices for a 2-bed townhouse start from AED 1.1 million, which is affordable compared to the other districts. Studio prices start from just under AED 700,000; for 1-bed apartments, it is around AED 800,000. The average ROI for the area is around 6.4%, which makes it a very attractive option for investors. The area is accessible to every major attraction within:

  • 10-minute walk to Dubai World Central Metro Station.
  • 10-minute drive to DWC Airport. 
  • 30-minute drive to Palm Jumeirah.
  • 35-minute drive to Business Bay.
  • 45-minute drive to DXB Airport.

Jumeirah Village

Jumeirah Village is located between Dubai Sports City and Emirates Hills. It provides many property options, such as studios, apartments, townhouses, and villas. The project was started by Nakheel Properties, and, with time, developers such as DAMAC, Azizi, and The First Group. It is a very well-located community that provides all the necessary amenities and commercial and residential opportunities altogether. 

The price for a studio starts from AED 620,000, and for a 3-bed villa, it is around 1.7 Million. The area is popular among investors and homebuyers as it provides a family-friendly environment and high ROIs. Jumeirah Village Circle provides easy access to all the prime locations in Dubai with just needs:

  • 15-minute drive to Business Bay.
  • 20-minute drive to Palm Jumeirah.
  • 25-minute drive to Downtown Dubai.
  • 30-minute drive to DXB Airport.
  • 30-minute drive to DWC Airport.

FAQs

What is the most affordable area to buy a townhouse in Dubai?

Dubai South and DAMAC Hills 2 are the most affordable areas to buy a townhouse in Dubai.

Is investment in Deira Dubai a good option?

Yes, investing in Deira Dubai is a perfect option. The area is in high demand for rental properties by expats, workers, and small families, and you get instant rental returns as soon as you buy the property.

What are the top areas to buy an affordable apartment?

International City and Dubai Gardens are two of Dubai’s most affordable areas for buying apartments.

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