Dubai is a city of superlatives – with everything fancy, premium and extravagant. Despite the temporary halt and delays, the Dubai real estate market experienced a successful 2021 as a large number of potential investors bought properties in Dubai. According to official statistics by the Dubai Land Department (DLD), a total of 84,772 real estate transactions were recorded last year in Dubai, worth more than AED300 billion. Even though apartment prices have been increasing day by day, savvy investors contemplate the idea of successful investment and know how to make the most of this opportunity.
The property prices are increasing but the Dubai real estate sector has proved itself remarkably resilient during the COVID-19 induced pandemic, which would lead to competition within the market. A spike in demand and a rise in real estate transactions show great interest of buyers and investors in this city. Isn’t it the right time to invest in properties for sale in Dubai? Yes! It is. When it comes to investing in properties, you can find numerous luxury developments in Dubai offering high-end apartments and ultra-luxury villas. However, finding affordable communities in Dubai that come with reasonably priced apartments complemented with A-class facilities – is also not that difficult.
Top 5 affordable communities in Dubai
We have shortlisted a few budget-friendly communities where you can find an array of affordable apartments for sale in Dubai.
Jumeirah Village Circle (JVC)
When it comes to finding a posh yet reasonably priced residential society in Dubai – Jumeirah Village Circle (also called JVC) is the name that pops up in the mind. Designed by Nakheel along Sheikh Mohammed Bin Zayed Road and launched back in 2005, the development is an eclectic mix of state-of-the-art apartments, townhouses and villas. The savvy investors choose to invest in JVC properties due to the community’s freehold status, reasonable price tag, peaceful surroundings and excellent connectivity to the central city through wide and mostly traffic-free roads.
It is a family-friendly residential community that offers affordable apartments complemented with fabulous facilities, an abundance of restaurants, cafes and lush green parks in the surroundings. Affordable apartments for sale in JVC are attractive for investors not just due to their lower sales prices but higher rental yields as well. According to an estimate, the apartment prices and rents in JVC have witnessed a significant rise. The sales prices have increased by 7 per cent and rental prices are up by almost 11 per cent.
Dubai Silicon Oasis (DSO)
Dubai Silicon Oasis (or DSO), a freehold master development, is one of the earlier settlements and affordable communities in Dubai. Established back in 2004 and spread over 7.2 kilometres, Dubai Silicon Oasis comprises a tech park, villa community and residential apartment developments, commercial buildings and much more. With seamless integration of commercial and residential units, DSO attracts those seeking affordable villas and apartments in Dubai.
From the supermarket to small retail units, from restaurants to public parks, and from schools to gyms, everything is provided within the community for a convenient lifestyle for residents. DSO is located in proximity to Global Village, Downtown Dubai, and Dubai International City – making it well-connected to the rest of the city. Apartments in DSO are affordable and in the previous year, stable growth has been observed for residential property prices. It is a good sign and makes apartments in DSO more attractive for potential investors.
Dubai Production City (IMPZ)
Dubai Production City, formerly known as International Media Production Zone or IMPZ, is a mixed-use development with convenient access to Sheikh Zayed Road. It operates as a free-zone for media production companies. This suburban community offers residential, commercial and leisure options – all at one place for a convenient and enhanced quality of life. Not just apartment developments are new but are complemented with great amenities and modern facilities. These apartments are reasonably priced and offer higher rental yields; thus offering great value for money.
The City Centre Me’aisem is located near the community, while the residents can find a number of facilities within the community including restaurants, schools, cafés and grocery stores and small retail units. Being conveniently connected to the rest of the city, the demand for affordable apartments for sale in Dubai Production City has increased over the past year. Studio and one bedroom apartments are in higher demand due to their price tags and the trend is expected to continue in 2022. The savvy investors are looking for affordable communities in Dubai to park their investment in order to start enjoying stable returns.
Dubai International City
Dubai International City easily tops the list of most affordable communities in Dubai. Located in the Al Warsan area, the community features European-style architecture – divided into 10 sub-communities, inspired by different countries including China, France, Italy and Spain to name a few. The diverse architecture reflects a vibrant multicultural community vibe, where the residents cannot just experience different architectural styles but can learn about other communities and cultures, too.
Spread over 8 million sq. ft. Dubai International City boasts an array of facilities including schools, supermarkets, restaurants, cafes, healthcare facilities and parks. Designed by Nakheel, the project offers a huge variety of affordable apartments for sale in Dubai, where property investors can invest and start earning a stable income.
Dubai Sports City (DSC)
Dubai Sports City (DSC) offers unbeatable residential options, when it comes to finding affordable apartments for sale in Dubai. As the name suggests, the community boast a large number of sports complexes, stadiums, and grounds. Besides that, Dubai Sports City also features open green spaces, public parks and jogging tracks to inspire residents to adopt a healthy lifestyle. It is a sports-oriented residential community that also offers apartment developments, schools, restaurants, healthcare facilities and better connectivity to the rest of the city. Dubai Sports City is located close to Al Khail Road and the famous Hessa Street – making it conveniently connected to several key destinations in Dubai.
Though Dubai Sports City promises to provide every facility to the residents, yet it offers a few of the most affordable apartments for sale in Dubai. It is an ideal opportunity to invest in affordable apartments in DSC that offer stable and higher rental yields.
Conclusion
Owing to its luxurious outlook, glitzy developments, white-sand beaches, towering skyscrapers and world’s largest shopping malls, Dubai is known as one of the most expensive cities in the world. On the contrary, it also offers a large number of decent residential options complemented with great lifestyle facilities, for potential buyers. Each of the above-mentioned affordable communities in Dubai is carefully selected – as they all are known to offer great lifestyle at affordable price.
Moreover, all these residential communities prove to be the best investment options, where investors can invest without breaking their banks. And now when Dubai real estate sector has proved to be resilient and withstood the global pandemic induced challenges – it is high time to consider investing in this market.
In fact, the team HFRE has gathered a number of affordable properties for sale in Dubai for all the frugal-minded property buyers. All you need is to contact us at +971 4876 2473 with your queries or write us at info@hfre.ae and discuss your budget and investment goals. Our sales team representatives will get back to you with a list of hand-picked properties in Dubai and a bespoke investment plan.
