Dubai’s most affordable real estate neighbourhoods!
The amended Golden Visa regulations have increased demand for home ownership in Dubai by lowering the minimum limit for foreign nationals investing in real estate in Dubai. In accordance with the amended Golden visa relaxation, the minimum investment amount has been reduced from AED 5 million to AED 2 million. Furthermore, the visa duration is increased from 5 to 10 years. This reduction in the minimal limit has created a possibility to invest in affordable units in the UAE. We will guide you through some of Dubai’s greatest and most cheap neighbourhoods.
Village Of Jumeirah
Jumeirah Village is a popular New Dubai neighbourhood noted for its freehold inexpensive houses. The neighbourhood is chosen by working professionals in this section of the city due to its proximity to important employment zones such as Dubai Investment Park and Jebel Ali Industrial Area. The closeness to Al Barsha Mall, Mall of Dubai, Dubai Hills Mall, and LuLu Hypermarket is a plus.
According to the inside listings, the typical price of a one-bedroom ready apartment starts at Rs 40 lakh, while a two-bedroom and two bath flat costs approximately Rs 90 lakh.
International City is perhaps one of Dubai’s most desirable neighbourhoods among international nationals. Because of its close vicinity to Amity University, Zayed University, Ras Al Khor Industrial Area, and Business Bay, it is an ideal neighbourhood for students, working professionals, and real estate investors. There are other marketplaces and shopping complexes nearby.
Inside listings show that a one-bedroom, one-bathroom ready-to-move studio apartment in International City costs between Rs 50 lakh and Rs 90 lakh.
Sports City In Dubai
Dubai Sports City is a well-known neighbourhood noted for its low-cost housing, particularly among Indian and international immigrants. The neighbourhood is near Jumeirah Village and has easy access to Dubai Investment Park and the Jebel Ali Industrial Area. In New Dubai, it houses both upscale and economical housing inventories. Furthermore, amenities such as healthcare and education exist within a 10-kilometer radius of the area.
According to web ads, the average cost of a ready 1 bedroom and 1 bath here is roughly Rs 80 lakh. In the neighbourhood, the starting price for a two-bedroom home is around Rs 1.5 crore.
Silicon Oasis In Dubai
Silicon Oasis, a notable neighbourhood in south-western Dubai, is a popular residential area between Zayed University and the Amity University Dubai Campus. The neighbourhood is popular among students and working people, and it is around 10 kilometres from the Ras Al Khor Industrial Area and adjacent to the International Center for Biosaline. Silicon Oasis is particularly popular among homeowners due to its closeness to curriculum fields and excellent road connections.
A one-bedroom, one-bathroom studio apartment with a total space of about 35 square metres costs Rs 55 lakh. A two-bedroom, two-bathroom apartment in Dubai Silicon Oasis with more than 100 square metres starts at Rs 1.9 crore.
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