Dubai is the world’s leading luxury and premium-class residential sales industry. These segments also provide the largest increase in investment income. However, the influx of interested foreigners to the emirate is not limited to wealthy investors and businessmen — young and active professionals and entrepreneurs with average earnings also come to Dubai. Emirates.Estate is wondering what housing options worth up to $200,000-300,000 the emirate can offer its customers. Let’s have a closer look at these housing units.
What does the affordable real estate market in Dubai offer?
However, housing in the emirate worth up to AED 1 million ($272,257) is the most in-demand on the secondary market and one of the most purchased in the off-plan segment (35% of transactions). This is evidenced by the data of the DXB Interact platform (a joint development of the Dubai Land Department and Fam Properties) for the first 9 months of 2023.
Notably, the boom in demand and soaring apartment prices in new development projects in Dubai that the market has been experiencing for two years (after a long period of stagnation) are also reaching the outskirts. According to ValuStrat, the number of deals in some less prestigious locations, such as Silicon Oasis and Sports City, which remained more affordable, reached record highs in the middle of 2023. Real estate in such locations is getting more expensive, although not by double digits, as in the same Palm Jumeirah (+17.9% in July year-on-year).
It should be noted that you can choose high-quality housing in Dubai for up to $200,000-300,000 in brand-new complexes with a swimming pool.
- These can be either small studios or 1-bedroom apartments near the coast, or more spacious apartments in developing promising areas further from the sea.
- In addition to the distance from the coast, the price is also affected by the metro, infrastructure, and features of the house and apartment.
- Of course, it matters whether it is a secondary or primary property. You can buy a used house cheaper, but you can also take a 5-6-year installment plan to buy a new one. The same installment scheme is valid for ready-made apartments in new buildings.
- Developers in Dubai try to take care of the internal infrastructure and the surrounding area in the complexes. In addition to swimming pools, there is a gym, various cafes, fine restaurants, shops, green spaces, parking, landscaping, etc. All apartments can be put up for sale with full finishing and plumbing.
Studio in Damac Hills 2 for $67,267
The most affordable offer in Dubai is a 33 sq.m studio in the Navitas Hotel project & Residences in the large Damac Hills 2 area from a well-known developer. The complex includes one hotel and four residential towers. The high-rise buildings are connected by galleries, which house commercial spaces. Hotel-level services are available to residents.
Damac Hills 2 is located far from the center but has excellent infrastructure: schools, kindergartens, hospitals, supermarkets, and restaurants. The area is famous for its golf club.
This 33 sq. m studio in the Navitas Hotel & Residences costs $67,267.
1-bedroom apartment in Dubai South for $105,000
The residential complex of thirteen 7-storey buildings MAG 5 Boulevard is located in the new Dubai South district, near the Dubai Expo 2020 pavilions, on the road to Al Maktoum Airport. The metro station is located at the Dubai Expo, about a 20-minute bus ride away.
It offers a ready-made 1-bedroom apartment with an area of 48 sq. m for $105,000.
Studio in Dubai Silicon Oasis for $104,716
This is a ready-made apartment for investors who prefer the suburbs. Dubai Silicon Oasis is not located near the coast but has a rather good infrastructure, including supermarkets, cafes, and schools. There are 2 universities nearby. The area is connected to others by a bus network, there is no metro here.
A studio with a veranda costs $104,716.
Apartment in the SKYZ Residence tower in Al Barsha South for $132,000
A high-rise complex SKYZ Residence is being built two minutes from Al Barsha City Center. There is a developed infrastructure for living in this area, but there is no metro. A picturesque Miracle Garden park is located near the house. The community will be put into operation in December 2024.
A 34 sq. m studio costs $132,000.
Studio in Opalz residential complex in Al Barsha South for $185,000
The house is located in a quiet and cozy place on the outskirts of the prestigious Al Barsha South district. Nearby are parks, a hospital, an international school, and large shopping malls. There is no metro nearby.
A 40 sq. m studio costs $185,000.
Studio with private pool in the developed area of Dubai Production City for $179,000
An 11-story Samana Portofino complex is being built on the territory of the Dubai Production City Free Economic Zone. All necessary infrastructure is nearby. The metro is a 20-minute walk away. The community will be put into operation in 2026.
A 39 sq. m studio is put up for sale for $179,000.
Studio with private pool in Al Barsha South for $179,000
A 6-story original complex resembling a luxury cruise ship is being built in the Al Barsha South area, near Jumeirah Village Circle. There are green parks, a hospital, an international school, large shopping centers, and a stadium. There is no metro nearby.
A 38 sq. m studio is on sale for $179,000. Moreover, customers can use a 5-year installment plan to buy such an apartment.
Studio in JVC from a British developer for $153,000
The British developer LEOS is implementing its ambitious project in the popular Jumeirah Village Circle area – Hadley Heights. This location has the entire necessary infrastructure for permanent residence, but you will need a car, as there is no metro. The community will be put into operation in 2025.
You can purchase a cozy studio for $153,000. Additionally, a 4-year installment plan is available for buyers.
Furnished 1-bedroom apartment in Jumeirah Village Circle for $213,000
A 14-storey building is under construction in the well-established Jumeirah Village Circle area. It is conveniently located near all the main urban amenities and has a full-fledged infrastructure for family living. One of the features of JVC is a circular building with a park in the middle. The community will be put into operation in the 1st quarter of 2025.
A 1-bedroom apartment with an area of 63 sq. m is on sale for $213,000.
Apartment in a new project in Damac Hills next to a golf course for $266,000
A complex of three residential buildings – Golf Greens – is underway in the famous Damac Hills Dubai golf community. Windows, balconies, and terraces will offer a beautiful view of the green playing fields. The area is interesting in terms of sports infrastructure. In addition to the golf club, there will be a skate park, stables, a football field, tennis courts, and much more. The community is family-friendly. There is no metro in this area.
You can purchase a comfortable 1-bedroom apartment with an area of 60 sq. m for $266,000.
You can purchase an apartment in Dubai with the help of an expert
If you are interested in inexpensive but cozy real estate in the heart of Dubai, you can find a similar one at Emirates.Estate. Managers can help you pick up the right home with great pleasure. In addition, the aggregator provides a huge selection of apartments and houses in convenient locations at the most reasonable prices. Whatever you are looking for, you will find a place to stay and be satisfied.
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