Most Affordable Communities for Investors in Dubai in 2023/2024?

Are you interested in investing in Dubai’s thriving real estate market but need help figuring out where to start? The latest report shows that Dubai’s real estate market has been resilient and bounced back from a minor decline in April 2023.

Dubai offers unique communities for investors in Dubai because of its awe-inspiring architecture, iconic skyscrapers, exciting experiences, and unparalleled way of life. If you are looking for more affordable real estate options, we can help you identify the most promising areas for investment in 2023/2024. 

Jumeirah Village Circle (JVC)

Are you looking for an exciting place to live or a community to make your investments in Dubai? Look no further than Jumeirah Village Circle (JVC). This community perfectly blends residential and commercial units, offering many amenities such as restaurants, retail stores, a mall, and five-star hotels.

The best part of JVC is that it offers low-cost property investments, making it an ideal location for living. For instance, you can buy a fully furnished studio apartment with amenities for as low as AED 400,000.

In contrast, one-bedroom apartments cost between AED 650,000 and AED 1.5 million for a spacious three-bedroom apartment. It’s worth noting that JVC is an excellent option where hype meets affordability. This place is for those looking for prime residential real estate with a return on investment opportunities of 5 to 7 percent. 

Al Furjan

If the lifestyle of Dubai intrigues you because of the neighborhood renowned for its high-rises, Al Furjan should be your stop. This is the community for investors in Dubai located near Al Fay Road; this mixed-use community features commercial units, villas, townhomes, and apartments.

Al Furjan’s hidden gem set it apart with breathtaking views of the Dubai skyline and superior amenities. With a community center, metro access, and easy access to Al Khail Road and Sheikh Mohammed bin Zayed Road (311), this location is incredibly convenient to live in.

The average price for a fully furnished studio apartment with excellent amenities starts at AED 450,000. One to three-bedroom apartments cost anywhere between AED 750,000 to AED 2.5 million. Villas and townhouses are also available, ranging from AED 2 million to AED 5 million for three- to six-bedroom homes.

Town Square

Town Square is the perfect place if you’re looking for a tranquil community that provides a peaceful escape from the city’s hustle and bustle. This is located along Public Road; this new development offers spacious, fully furnished studio apartments starting at an average of AED 430,000 AED and one- to three-bedroom apartments in the range of AED 1.3 million.

For those who prefer townhouses, three-bedroom units with gardens are available for an average price of AED 1.9 million to AED 2.1 million, offering an excellent rate of return. Moreover, residents have easy access to the Qudra desert, making it an ideal location for campers.

Dubai Hills Mall is only a 10-minute away, and Downtown Dubai is a 30-minute distance. The community center has different amenities such as entertainment and gaming hubs, supermarkets, as well as a variety of convenient retail stores and restaurants. 

Jumeirah Lake Towers (JLT)

Jumeirah Lake Towers (JLT) is a vibrant and urban community for investors in Dubai, with breathtaking views of Sheikh Zayed Road and the Emirates Golf Course. The district recently rebranded, comprising 26 clusters and 68 skyscrapers surrounding a vast lake.

JLT offers over 200 restaurants within a five- to fifteen-minute walking distance and numerous retail establishments, supermarkets, nurseries, and universities. It’s a mixed-use community with many commercial units, making it an excellent option for those searching for reasonably priced commercial spaces. 

The Jumeirah Lake Tower is easily accessible due to its location on Sheikh Zayed Road and its proximity to two metro stations and tram stops. Parks, excellent amenities in each tower, and proximity to Dubai Marina Mall all contribute to the desirability of JLT.

Fully furnished and equipped studio apartments start at approximately 700,000 AED, while one to four-bedroom apartments range in price from AED 790,000 to AED 3.1 million. For those looking for urban living with a luxurious lifestyle, a four-bedroom penthouse with premium amenities is available for AED 4 million. 

Damac Hills

Damac Hills is an appealing choice for those who appreciate lagoon views and serene living. Situated near Al Qudra Road, this community is far removed from the hustle and bustle of the city. Here, you’ll find a variety of property types, including apartments, townhouses, and villas, making it suitable for outdoor enthusiasts.

The community boasts an array of jogging and cycling tracks, fitness studios, and parks. It provides direct access to Al Khail Road and Sheikh Mohammed bin Zayed Road (E311) and is a mere 15-minute drive from Dubai Hills Mall.

For apartment seekers, prices start at an average of AED 450,000 for a spacious studio with golf course views. One-bedroom to three-bedroom apartments typically range from AED 800,000 to AED 2 million.

Villas and townhouses in Damac Hills begin at an average price of AED 2 million for a four-bedroom compound villa with a private garden, with prices increasing to AED 3.2 million for a five-bedroom townhouse.

Dubai Silicon Oasis (DSO)

Dubai Silicon Oasis (DSO) is a hidden community for investors in Dubai that is often overlooked but is definitely worth considering. It’s an upcoming neighborhood with excellent amenities and stunning homes. Although it’s primarily a community with more commercial than residential units, numerous newly constructed apartments and villas have incredible amenities, swimming pools, and private gardens. 

DSO is located at the intersection of E66, easily accessible to the highway, and just a 20-minute drive from Downtown Dubai. If you’re interested in flats, prices in DSO typically range from AED 500,000 for a fully furnished one-bedroom unit to AED 1.1 million for a newly constructed two-bedroom unit with upscale furnishings.

If you prefer villas and townhouses, prices in DSO range from 3 million to 4.5 million AED for a three-bedroom villa with a private garden and swimming pool.

Ready to make your next move?

If you are ready to take the next step towards your new home or investment, join Kelt&CO today. Get your assistance now to find the perfect community in the UAE that aligns with your investment objectives.

At Kelt&CO, we are committed to finding the best neighborhoods for investors in Dubai, ensuring the success of your property investment journey in Dubai. Contact us today to embark on this adventure together!

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