affordable neighbourhood in dubai

Top Affordable Areas to Live in Dubai 2024

  1. Affordable Apartment Areas in Dubai
  2. Affordable Villa Neighborhoods in Dubai
  3. Factors Influencing ROI in Dubai's Real Estate Market
  4. Closing In

Dubai has become popular for its fusion art of modern and historical architecture, luxurious living standards, and vibrancy of culture. Life in Dubai is all about luxury and opulence. Amidst all this, some areas still offer budget-friendly neighborhood options to provide a posh living experience without compromising quality.

Without putting any further effort, this blog will take you on a detailed detour of such affordable areas to live in Dubai. Whether you are a professional or want to move in with your family, we have sorted everything out for you!

Affordable Apartment Areas in Dubai

Dubai Production City (DPC)

dubai production city
Dubai Production City is another most recent emerging investment hub. It gained a capital of 8.29% through infrastructure and commercial projects. The strategic location, growing business opportunities, and modern facilities with affordable rentals make it an attractive choice. It has residential options as well as commercial spaces, particularly for professionals. DPC has good transportation links, which makes different parts of Dubai easily accessible. This multi-factorial approach makes Dubai Production City a good choice for professionals as well as families.

  • A studio apartment rental in DPC is 25,000 AED annually
  • On average, a one-bedroom apartment is rented for 40,000 AED per year
  • A two-bedroom villa costs around 65,000 AED annually.

International City

Dubai International City
Adding on to the list of affordable areas in Dubai, International City comes in. Expatriates make this place a multicultural hub, boasting hotels, restaurants, malls, and supermarkets. It is famous for the Chinese shopping complex, the Dragon Mart. The connection to the famous Sheikh Mohammed Bin Zayed Road makes it a popular choice for people. So, this place can be a good choice for you

  • In International City, a studio apartment rent costs an average of 25,000 AED annually.
  • A one-bedroom apartment is rented for an average of 35,000 AED per annum.
  • An average rental for a two-bedroom apartment is 60,000 AED per annum.

Jumeirah Village Circle (JVC)

jumeirah village circle
JVC is well known for its recreational activities and parks. Standard Educational institutions and shopping malls are an add on! It also has road access to Sheikh Mohammed Bin Zayed Road and Al Khail Road which gives Jumeirah Village Circle a strategic location. All these elements make it a popular residential area among families and bachelors.

  • A studio apartment on rent costs around 30,000 AED per annum.
  • The annual rental price for a one-bedroom apartment in JVC, on average, is 40,000
  • For a two-bedroom apartment, rentals usually start from 50,000 AED annually

Dubai Silicon Oasis (DSC)

The modern infrastructure and budget-friendly housing schemes have played a role in the success of Dubai Silicon Oasis. It is basically a technology park, offering a wide range of facilities ranging from schools, hospitals, shopping malls to recreational activities. DSC is a hub for tech companies and entrepreneurial franchises. It is a travel-friendly neighborhood, making it a good residential place for professionals as well as families.

  • A One-bedroom apartment is rented for an average of 35,000 AED to 55,000 AED annually
  • Whereas the price surges up to 82,000 AED for a Two-bedroom apartment
  • And 115,000 AED for a three-bedroom apartment per year.

Discovery Gardens

The outdoor living concept makes Discovery Gardens an attractive choice for the people loving nature and lush greenery. If you are someone who loves staying close to nature. Then, your search ends here! It has swimming pools, tennis courts, a play area for children and much more. It has a private Metro station, on the Red line and is connected to other areas of Dubai via Sheikh Zayed Road. It is a top pick by families because of the Al Fresco living.

  • A studio apartment rent in Discovery Gardens starts from 30,000 AED per annum.
  • The rental price for a one-bedroom apartment in Discovery Gardens, on average, starts from 40,000 AED.
  • A two-bedroom apartment can be rented for as little as 55,000 AED annually.

Town Square Dubai

town square dubai
Town Square Dubai provides a suburban lifestyle. It has a modern infrastructure. Apartments have gardens, lawns, and walking trails. It is a well-liked choice by families owing to the availability of gyms, pools, parks, and other recreational activities. It has easy access through Al Qudra Road to well-known places in Dubai.

  • A studio apartment can be rented for an average of 30,000 AED, and one-bedroom costs an average of 45,000 AED annually.
  • The average per-year rental price for a two-bedroom apartment is 85,000 AED
  • On the other hand, it is 125,000 AED for a three-bedroom apartment.

Arjan

Arjan is a well-known affordable neighborhood in Dubai that is famous for its diversity. The area is an architectural masterpiece in itself, ranging from high-rise towers to few-storey buildings. They offer apartments and studios at affordable rental prices. Even though the locality is under construction, its spacious living spaces, increasing number of shops and restaurants and community feel is making it a popular choice. It lies in close proximity to Dubai Metro and Sheikh Mohammed Bin Zayed Road, which makes it even more budget-friendly for people.

  • A studio apartment in Arjan can be rented for 35,000 AED, whereas a one-bedroom costs from 55,000 AED and above per annum.
  • The average rental for a two-bedroom apartment is AED 100k annually, and it surges up to 145k AED for a three-bedroom living space.

Affordable Villa Neighborhoods in Dubai

DAMAC Hills 2

damac hills 2
Now, let's have a look at affordable neighborhoods in Dubai to live in villas. The first one to mention is Damac Hills 2 near Al Qudra Road. The community boasts lush green landscapes, tree-lined boulevards, fountains, and water parks.

There are around 10,000 villas in DAMAC hills 2, with 3 to 6-bed configurations. Those who live in for-sale villas are granted access to a gym, yoga enclave, community center, and other such communal amenities. The rented villas have well-furnished rooms, a modern kitchen, and a parking facility.

  • The average rental price for a 3-bedroom villa starts at 100k AED.
  • Whereas for a 4 bedroom living space, it surges up to 114k AED.
  • A likewise increase to 142k and 237k AED for 5 and 6-bedroom villas, respectively.

Arabian Ranches 3

Living a luxurious life has always been your dream. Arabian Ranches 3 is a dream come true experience, offering luxury living standards at affordable prices. Arabian Ranches 3 is a development of EMAAR Properties, the benchmark real estate developer in Dubai.
The flawless architecture, Moroccan inspired thematic interior and depiction of Spanish culture are the gauges of luxury lifestyle in these villas. They are well-equipped and furnished.

You will have the best experience of your life living amidst the lush green gardens and tree lined boulevards. Spas, clubs, fitness centers and other recreational facilities make Arabian Ranches 3 a luxury affordable neighborhood in Dubai.

In this community, 3 and 4-bedroom townhouses are available for rentals
* A 3-bedroom townhouse is rented out for 144k AED per annum
* The average rental price for a 4-bedroom living space is AED 196k

If you are planning to buy, then off-plan and ready-to-move-in townhouses and semi-detached villas are available
* The average sale price for a 3-bed townhouse is around 2,338,000.
* Price hikes up to 3,564,000 and 6,812,000 for 4 and 5-bed villas, respectively.

The Spring

the springs dubai
The Spring is located in a lush green district, leaving the hustle and bustle of cities behind. It has a further 15 sub-communities. They all have shared spots for recreational activities, such as tennis courts, pools, basketball arenas, and BBQ areas.
The Springs offers a wide range of facilities in some 4,000 villas and townhouses. The rental villas are lodged with furniture and have modern infrastructure, lawns, and parking facilities.

The Springs boast villas for sale as well. People living in for-sale villas are given access to The Spring Souk, having restaurants, entertainment outlets, and other such spots. This gives them an add-on experience of luxury living. Families living in this housing society enjoy the perks of proper Healthcare facilities and educational opportunities.

  • The average rent for a 3-bedroom villa is 244,000 AED
  • For a 4-bedroom living, an average rental is 284,000 AED.
  • The average sale price is 3,964,000 AED, 4,666,000 AED, and 4,950,000 AED for 3,4 and 5-bedroom villas, respectively.

Dubai South

If you are looking for reasonable and cheap villa rentals here, Dubai South, it is "The Centre of Tomorrow." It has many of the marts and retail stores in close vicinity. It also lies close to the most famous Ibn Battuta Mall. These villas range from 3 to 6 bedroom spaces, each of them having parking facilities.

  • A 3-bedroom villa is rented at a price of 100k AED and 146k AED for 4-bedrooms
  • The sale prices for a 3-bedroom villa start from AED 2,143,000, and the price goes up as the number of rooms increases.

The Valley

the valley by emaar
The best affordable neighborhood in Dubai is The Valley. It is a project of EMAAR, a widely renowned real estate developer in Dubai. The community is located near Al Ain Road (E66). It has villas with space for 3 to 5 bedrooms, depending on your preference.

Recreational facilities, parks, and retail centers are the major reasons for double its popularity. Thus, it is a widely renowned choice for families.

  • If you are interested in rent out a 3-bedroom villa, you will have to pay 146k AED
  • It increases up to 188k for 4-bedrooms.

Factors Influencing ROI in Dubai's Real Estate Market

The Return on Investment (ROI) of the real estate market in Dubai is influenced by a number of elements. It comprises market stability, location, type of property, rental yield, and many others. If one gets a deeper insight into these factors and understands them well. This will help him in generating maximum profits.

Location

The value and demand of property is greatly influenced by its strategic location. Societies in close vicinity to Business hubs, recreational centres and transportation links are priced more. The properties considered best in terms of location are Jumeirah Village Circle (JVC) and Dubai Silicon Oasis. It is a major attraction to tenants.

Property Type

This is another major influential factor affecting customers' potential appreciation and rental yields. The rental yields of apartments in Dubai Silicon Oasis are comparatively higher. At the same time, villas in JVC are widely known for their steady appreciation.

Market Conditions

The property values are influenced by the economic conditions of the county and policies imposed by the government. Staying in touch with market conditions can make investors grav the potential opportunities.

Rental Yields

Higher the rental yield, the more is the demand of that property and thus, it generates potential income! Thus, investors have to keep in mind rental yield and demand while investing in property.

Closing In

Skimming through the above list, you will be aware of the affordable areas to live in Dubai. Whether you are going to stay alone or with family, You don't need to break the bank for it. You can easily rent out an apartment or villa in Dubai and enjoy the luxury living experience. Staying within budget, you can enjoy the cultural and architectural artists' experiences in neighborhoods such as Dubai Silicon Oasis, JVC, Discovery Gardens, and many others listed above. You can choose the property according to your preferences. Be mindful of the prices, facilities, atmosphere, transportation links, and other basic necessities before jumping into the decision to rent out an apartment. With a bit of research and a concise effort, you can experience living in one of the most dynamic cities in the world. That too without exceeding your budget limits.

These real estate markets provide apartments and villas according to your preferences. Some of the communities provide luxurious options of private pools, spas and parks.

Irrespective of the residential option you avail. The tenants are given due protection by the Dubai rental law. A RERA rent complaint can be registered to resolve disputes and matters.

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