Are you looking for cheap properties in Dubai? It might be a good idea to do that right now. Real estate in Dubai has recovered remarkably post-pandemic. More and more investors are looking to invest in the country due to government policies amongst other reasons. As a result, industry experts predict that prices will increase significantly shortly.
What are the best areas to buy cheap properties in Dubai?
There are villas, townhouses, and flats in mixed communities in Dubai. Alternatively, there are areas with only one type of property. Let’s explore the top areas in Dubai where you can buy a cheap villa, apartment, or townhouse in Dubai.
Top Affordable Areas To Buy Cheap Apartments In Dubai
- International City: For investors searching for cheap Dubai apartments, International City is the best option. There is usually a high demand for rental properties in the area, so your investment will yield immediate returns. Dragon Mart 1 and 2 are located in the community. Apartments in International City have a return on investment of 9.59%.
- Discovery Gardens: Nearly 300 apartments are housed in Discovery Garden, a Nakheel project. The buildings are divided into six clusters based on the theme of garden living. Landscaped gardens and wide open spaces are the area’s most notable features. Flats in Discovery Garden have a return on investment of 9.02%.
Top Affordable Areas To Buy Cheap Townhouses In Dubai
- Serena: In this flagship project by Dubai Properties, residents will be able to live in affordable community apartments. Casa Dora, Casa Viva, and Bella Casa are the three sub-communities within the district. Property designs in Serena reflect modern-day preferences, as it is a relatively new development. A cheap townhouse in Serena has a return on investment of 5.87%.
- Town Square: The Nshama Group has developed a residential project called Town Square. Investing in this property is an attractive proposition due to the abundance of retail shops, ample parking areas, and green spaces, as well as the family-friendly lifestyle. Recreational facilities are available for all ages in the community. An affordable townhouse in Town Square has a return on investment of 6.32%.
Top Affordable Areas To Buy Cheap Villas In Dubai
- Dubai South: In recent years, the area has grown in stature and popularity as the site of Expo City and Al Maktoum International Airport. There are eight sub-communities in Dubai South, and they can be accessed from different locations in the emirate. A cheap villa in Dubai South has a return on investment of 6.84%.
- Damac Hills 2: In this master-planned community, DAMAC Properties has created several affordable energy-efficient villas and wide open spaces. Several amenities are available to residents, including hospitals, great parking spots, a golf course, and a clubhouse. Affordable villas in Damac Hills 2 have a return on investment of 5.29%.
Listed above are the cheap areas of Dubai where you can buy a property for a low price. It is ideal to purchase affordable properties in these areas when buying a property in Dubai. Check back with Houzon for the latest UAE rent and sales trends.