Are you looking to buy apartments 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.
5 Best Areas To Buy Affordable Apartments In Dubai
The five best areas to buy the most affordable apartments in Dubai are as follows:
1. International City
For investors searching for the best affordable properties, apartments in International City will make the best option. Students, working professionals, and real estate investors will find it a desirable neighborhood due to its proximity to Amity University, Zayed University, and Ras Al Khor Industrial Area. In addition, there are markets and malls nearby. There is usually a high demand for apartments in Dubai for sale in the area, so your investment will yield immediate returns. International City apartments have a return on investment of 9.59%.
2. Dubai Silicon Oasis
Located close to Zayed University and the Amity University Dubai Campus, Silicon Oasis is a prominent district in southwestern Dubai. Near Ras Al Khor Industrial Area and the International Center for Biosaline, the locality is popular with students and working professionals. Apartments in Dubai Silicon Oasis are very popular with homebuyers because of their close proximity to educational hubs and their good accessibility. Apartments in Silicon Oasis have a return on investment of 7.70%.
3. Dubai Production City
A few miles away from Sheikh Mohammed Bin Zayed Road, Dubai Production City is located on the outskirts of the emirate. With residential and commercial properties mixed together, the apartments in Dubai Production City attract a wide range of business professionals. Many schools, supermarkets, and retail centers are nearby for residents of this locality. Flats in Dubai Production City are largely apartment complexes that provide all the necessities for a comfortable life. Apartments in Production City Dubai have a return on investment of 7.17%.
4. Dubai South
An entire city within the city is envisioned for Dubai South, which will be a sustainable community for residents, workers, and investors. Aside from offering freehold and leasehold investments as well as apartments, villas, and townhomes, the development facilitates the setting up of businesses. There are eight different phases integrated into one multi-faceted development which includes residential, commercial, logistics, aviation, hospitality, and leisure. Studio apartments in Dubai South to four-bedroom apartments in Dubai South are available. Apartments in Dubai South have a return on investment of 4.5%.
5. Jumeirah Village Circle
Developed by Dubai’s leading real estate developer, Nakheel, Jumeirah Village Circle (JVC) is a family-friendly master community. With a range of amenities and located in the heart of new Dubai, this building is perfect for those looking to rent or buy affordable apartments in Dubai. In a bustling metropolis like Dubai, JVC offers a sense of serenity with the lush gardens and canals surrounding the area. Apartments in Jumeirah Village Circle have a return on investment of 6.3%.
Listed above are affordable areas to buy apartments in Dubai. Check back with Houzon for the latest UAE property news and sales trends.