The real estate market in Dubai has never been in a better position than now. Owing to population expansion and a robust economy, there has been a rise in demand for both residential and commercial buildings. In order to encourage foreign investment in the real estate sector, the government has also put in place a number of initiatives. When someone mentions living in Dubai, you generally imagine the opulent lifestyle, designer stores, and top-notch amenities. If you are someone who prefers luxury and spaciousness in a residential property, then you can look for these Villas for sale in Dubai.
Despite recent increases, real estate costs in this important global city are still quite low. In fact, Dubai has a lot of reasonably priced neighborhoods where locals can live comfortably without spending a fortune. Mentioned below are some of them.
Jumeirah Village Circle (JVC)
Jumeirah Village Circle houses a variety of apartments and townhouses. Families and environment enthusiasts will like living in the region because of its well-kept parks and open spaces. As a resident of this area, you can easily find supermarkets, restaurants, and cafes with a variety of dining and shopping alternatives. JVC is also easily accessible by public transit, making it an attractive place to live for those prioritizing affordability. You will have to spend AED 43K on average to rent a studio apartment in JVC.
Dubai Sports City
As the name suggests, this area is both residential and sporty and serves as a fantastic gathering place for sports fans. It is a master-planned neighborhood located on the outskirts of the city, so there is no stress of a loud metropolis. You will find properties of different configurations and styles that are suitable for bachelors, couples, and families. The area can be easily accessed by Dubai’s major highways like Al Khail Road and Sheikh Zayed Road. You will also have an easy daily commute if you work in commercial hubs like Internet City and Dubai Media City. The average rate of a 1 bedroom apartment in this area is AED 47,590.
Dubai Silicon Oasis
Are you someone working in the technology sector? If yes, you can live near Dubai Silicon Oasis, as it houses a number of high-tech companies. The area is one of the top places in Dubai for renting economical apartments. It has close proximity to salons, supermarkets, clinics, schools, restaurants, and other amenities. If you are a tenant looking for a studio apartment, then you will have to pay around AED 27K (starting range). The area is located at the intersection between Dubai-AL Ain Road and Sheikh Mohammed Bin Zayed Road.
An article by Gulf News mentions that residents looking for affordable housing options turn to Al Nahda, Deira, and Bur Dubai, where prices have declined by around 12 percent on average. In fact, Al Nahda is the second most searched area for renting apartments in Dubai. Note that Al Nahda Sharjah and Al Nahda Dubai are two distinct locations, and you need to mention it specifically when searching for apartments in this area using any online portal. Apart from saving costs, you can also experience your private space as Al Nahda offers some of the most economical studio apartments. You can expect to pay AED 29,990 or higher to rent a studio apartment in this area.
Located towards the south of the Sharjah border, Deira is known as the traditional commercial center of Dubai. As a resident, you will get easy access to markets, schools, pharmacies, retail outlets, and eateries and find properties that are family-friendly. As the area comes under old Dubai, it has better connectivity with several metro stations, allowing you to reach any destination at fewer costs. As per real estate portals, the average price for renting a one-bedroom residence is around Dh46000 per year.
Apart from the mentioned areas, you can also check out Discovery Gardens, Mirdif, and Al Qusais for affordable properties in Dubai. Note that the size, condition, and closeness of a property to services and public transit can all affect the rental price. Before making a choice, it’s always a good idea to visit the neighborhood and check out a few different properties. There are a couple of reliable real estate portals that can help you find the right residential property based on your unique requirements. As they also offer a mobile app, your property hunt will further become easier.