Dubai Real Estate Under AED1 Million: Where to Buy Affordable Apartments

Dubai's real estate market offers a range of affordable housing options. By carefully considering your needs, budget, and the community, you can find a home that is both comfortable and stylish without breaking the bank.

2024-07-31 19:03:19

Dubai, a city known for its opulent skyscrapers and lavish penthouses, also offers a hidden gem in its real estate market - affordable housing. This article explores various neighborhoods in Dubai where houses are available for under AED1 million, catering to young professionals, growing families, and savvy investors.

Arjan: A Family-Friendly Community

Arjan is renowned for its spacious apartments and townhouses, set amidst lush greenery and convenient amenities. The average sales transaction price for a completed one-bedroom apartment here has been AED751,310 over the past three months. Prices for studios and one-bedroom apartments range between AED256,500 and AED899,000. Notable upcoming projects include ORO24’s Kyoto, Elano, and Torino residential developments.

Al Furjan: Budget-Conscious Living

Al Furjan offers an excellent option for affordable real estate, with studios starting at AED335,000. One-bedroom units average around AED737,500, providing ample space for families or couples. The average transaction sales price suggests a promising opportunity with steady market growth.

Jumeirah Village Circle (JVC)

JVC buzzes with a youthful vibe, featuring cafes, restaurants, and shops. Studio prices start at AED212,500, with an average transaction sales price of around AED500,000. One-bedroom units begin at AED350,000, with higher demand reflected in the average transaction sales price of AED740,000.

Dubai Silicon Oasis (DSO)

Ideal for tech enthusiasts, DSO offers modern apartments and studios near job hubs. Studio prices start at AED142,262, with an average transaction sales price of AED350,000. One-bedroom options start from AED250,000, with an average of AED455,000. Two-bedroom units begin at AED625,000.

Meydan

Meydan is known for its sporting and leisure facilities. Studios start at AED100,000, with an average transaction price of AED535,000. One-bedroom units start from AED400,000, averaging AED952,500.

International City

For those on a tight budget, studios in International City start at AED100,000, with an average sale price of AED250,000. One-bedroom units start from AED155,000, with a sales average of AED350,000. Two and three-bedroom options are also available.

Tips for Budget-Savvy Buyers

When purchasing a home in Dubai, consider whether to buy an off-plan property or a ready-made home. Off-plan properties allow customization but have longer timelines, while ready homes offer immediate occupancy but with set layouts and fixtures.

Choose a community that suits your lifestyle and consider all ownership expenses, including recurring fees and potential renovations. Use tools like Property Finder’s House Prices to understand market rates and development timelines.

In conclusion, Dubai's real estate market offers a range of affordable housing options. By carefully considering your needs, budget, and the community, you can find a home that is both comfortable and stylish without breaking the bank.

Read Also: Penthouses For Sale In Dubai | Experience Luxury Like Never Before

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