The cheapest areas in Dubai

More than 80% of Dubai residents are foreigners who live in the emirate on a permanent basis or rent housing. Thanks to government policies, more and more international investors are looking to invest in local real estate. It is expected that due to the recently revised Golden Visa rules, the demand for real estate in the UAE will continue to grow steadily. Even though Dubai is one of the most expensive cities in the world to live in, you can still find affordable housing in it. If you also want to invest in local housing and are looking for affordable residential areas in the city, then this review will be of interest to you. In it, experts from the UAE Assets agency will talk about the cheapest areas of Dubai for renting and buying a home.

In what areas of Dubai is inexpensive real estate

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The cost of buying or renting an apartment varies depending on its location, so in some areas you can find quite affordable prices. For example, if you have an annual budget of AED 100,000 ($27,000) for rent, you can easily get a simple one-bedroom apartment in Jumeirah Village. On the other hand, a similar location in Dubai Production City would cost half the budget. In addition, when choosing an area, it is also necessary to take into account proximity to shopping establishments, access to public transport, and so on. Mixed communities with villas, townhouses and apartments can be found in Dubai. There are also areas in which there is only one type of property. Below we look at where Dubai has the lowest property prices, including villas, townhouses and apartments.

The cheapest areas of Dubai for rent and purchase of housing:

• International City is an excellent choice for those looking for affordable real estate. The main feature of this place is its architecture. The residential area is divided according to the plan, where each area is named after the countries: China, France, Greece, Spain, Italy: Emirates. One of the reasons for its popularity is the potential rental income: the owners are waiting for high demand and good profits. Buyers have access to different clusters with low-rise buildings that are distinguished by their unique architecture. The average cost of a studio starts at AED 232,000 (USD 63,000) and rent starts at AED 32,000 (USD 8,700) per year.
• Jumeirah Village Circle (JVC) is a growing area that is on the list of the most affordable areas in Dubai. It offers investors and tenants a range of brand new apartments in low-rise and high-rise developments, as well as luxury townhouses and villas. Good social infrastructure and close proximity to many of Dubai's amenities and attractions make the area incredibly popular with families with children. Here you can profitably buy or rent real estate for every taste and price. The median price of a home is AED 1.25 million ($340,000) and the average rental price is AED 70,000 ($19,000) per year.
• Dubai Silicon Oasis (DSO) is known as Dubai's technology hub where business and entrepreneurship flourishes. The area is ideal for those who are starting their own business and are looking for the cheapest areas in Dubai to open their business. There is an endless supply of commercial space available for rent at affordable prices. In addition, here you can cheaply rent or buy residential real estate. The average rate ranges from AED 45,000 to AED 65,000 per year (USD 12,000-18,000) for 2-3 bedroom apartments.
• Dubai Sports City (DSC) is another good option with some of the cheapest rentals in Dubai. As the name suggests, this area is most suitable for sports-oriented people. There is a large number of places for sports - numerous gyms, sports stadiums, parks, as well as jogging and cycling paths are available to residents. If you want to lead an active and sporty lifestyle then this area is perfect for you. The average price of renting a one-room apartment is 20 thousand UAE dirhams per year, 2-3 rooms - from 32 thousand to 58 thousand UAE dirhams per year (from 8.7 to 15.8 thousand US dollars). The minimum cost of local real estate is 336,000 UAE dirhams (91,000 US dollars).
• Discovery Gardens is a residential area and one of the popular family projects that started near the Jebel Ali Free Zone. It is popular with expatriate families who travel frequently to nearby commercial zones. The area includes almost 300 apartment buildings, divided into six garden-themed groups. The area is characterized by wide open spaces and landscaped gardens. Here you can buy studios up to 500 thousand UAE dirhams (136 thousand US dollars). On average, rental housing will cost from 32 thousand to 65 thousand UAE dirhams per year (8.7-17.7 thousand US dollars).

For up-to-date information, you should check with the seller or broker, since the prices above are for informational purposes only. If you are interested in which area of Dubai you can buy cheap real estate, then consult with the experts of UAE Assets. The company employs experienced professionals who will provide you with up-to-date information and help you choose the right property. You can contact the office through a contact phone number or a special callback form on the website.