Cheap apartments and flats in Dubai
Dubai is one of the amazing tourism and immigration destinations. People from all over the world want at least visit it once. This is a country of luxury, increased comforts, year-round warm weather, and innovative technologies. The rapidly growing city charms visitors quickly so that many decide to stay here to live.
However, many potential expats are put off by the idea that they need to invest big money to buy a property in Dubai. Yes, there are indeed lots of luxury mansions and penthouses in the United Arab Emirates, but there are also inexpensive real estate options.
Another good argument for buying a home in the Emirates is the opportunity to start a rental business. Investing in an apartment in Dubai gives a high and quick return on investment. Depending on the area, it is between 5 percent and10 percent annually.
Having said that, we need to stress that buying a cheap apartment in Dubaidoesn’t mean getting into a slum. It will still be decent comfort-class housing, located near well-developed social and entertainment facilities. You will enjoy the same advantages of a city life as residents of prime high-rises and gated villa communities.
The following neighborhoods are among the most popular areas that attract foreign investors:
- Palm Jumeirah
- Downtown Dubai
These areas are designated as freehold, providing owners with a right to resell, rent out, or donate an apartment.
Inexpensive apartments can be found in Jumeirah Village Circle, Town Square, International City, and Liwan. The cheapest property options are in Al Mamzar, Dubailand, and Silicon Oasis.
You can buy cheap property in Dubai for as low as AED 160,000. In Dubailand, a well-developed modern area, prices start at AED 240,000. Lebanon is a micro district offering prices from AED 440,000. In the Silicon Oasis community, you can even find a three-bedroom apartment for only AED 680,000. If you want to buy an inexpensive but spacious apartment for a big family, then you need to be ready to cough up at least AED 2 million.
If you want to cash in on your property purchase, then focus on return on investment (ROI), a performance measure used to evaluate the profitability of an investment. Residential clusters in International City, Silicon Oasis, and Jumeirah Lake Towersappear to have the highest ROIs of about 8%-9%.
Buy cheap flat in Dubai, UAE
Finding an inexpensive apartment in Dubai is easier than it might seem at first. We offer seamless real estate customer experience from start to finish, considering your needs and requirements. Our professional agents advise on after-sales service and arrange all the paperwork.
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