The ALand Times - September 21, 2024: Where to Buy Properties Under $100,000 USD in Dubai
Published Date: 21 Sep, 2024Good Morning from The ALand Times!
At 10 AM UAE time, we bring you an exclusive look at affordable real estate opportunities in Dubai, focusing on areas where you can invest in properties for under $100,000 USD. Despite Dubai's reputation for luxury and high-end real estate, several neighborhoods offer new, secondhand, or off-plan properties at budget-friendly prices. Here are the top locations, price points, and distances to Downtown Dubai.
1. International City
Price Range: Starting from AED 250,000 (approximately $68,000 USD) for studio and 1bedroom apartments.
Location: Al Warsan area, approximately 20 km from Downtown Dubai.
Benefits: International City is one of the most affordable residential areas in Dubai. It offers a variety of themed clusters, with properties popular among expatriates. The area provides excellent rental yields, particularly among young professionals and small families.
2. Dubai Sports City
Price Range: Starting from AED 300,000 (approximately $82,000 USD) for studio and 1bedroom apartments.
Location: Located around 22 km from Downtown Dubai.
Benefits: Known for its sports facilities and stadiums, Dubai Sports City is an up-and-coming area with affordable residential units. It is popular with investors due to its growing infrastructure and proximity to the Expo 2020 site, providing future growth potential.
3. Discovery Gardens
Price Range: Starting from AED 350,000 (approximately $95,000 USD) for studio apartments.
Location: Situated in Jebel Ali, around 25 km from Downtown Dubai.
Benefits: Discovery Gardens is a well-established community offering a family-friendly environment. Properties here are relatively affordable compared to other parts of Dubai, and the area’s proximity to Ibn Battuta Mall and the metro line makes it convenient for residents.
4. Jumeirah Village Circle (JVC)
Price Range: Starting from AED 350,000 (approximately $95,000 USD) for studios and small 1bedroom units (off-plan).
Location: Roughly 18 km from Downtown Dubai.
Benefits: JVC is one of the most popular areas for affordable living, with many off-plan projects offering excellent investment opportunities. The area is seeing rapid development, with new residential, retail, and leisure projects making it a hub for affordable properties.
5. Al Furjan
Price Range: Starting from AED 300,000 (approximately $82,000 USD) for off-plan studio apartments.
Location: Around 23 km from Downtown Dubai.
Benefits: Al Furjan is a residential area that’s gaining popularity due to its proximity to Sheikh Zayed Road and the Expo 2020 site. New developments here offer affordable pricing and are expected to appreciate in value as infrastructure improves.
6. Liwan
Price Range: Starting from AED 280,000 (approximately $76,000 USD) for studio apartments.
Location: Situated in Dubailand, about 16 km from Downtown Dubai.
Benefits: Liwan is a developing area in Dubailand that offers a range of affordable properties. It is well-connected to major highways, making it an attractive option for investors seeking affordable homes with long-term growth potential.
7. Dubai South
Price Range: Starting from AED 280,000 (approximately $76,000 USD) for studios and 1bedroom off-plan units.
Location: Roughly 40 km from Downtown Dubai.
Benefits: Dubai South is the home of Expo 2020 and the Al Maktoum International Airport. With its master-planned communities and affordable housing projects, this area is poised for significant growth, making it a great investment opportunity for budget-conscious buyers.
8. Remraam
Price Range: Starting from AED 350,000 (approximately $95,000 USD) for studio and 1bedroom units.
Location: Situated about 25 km from Downtown Dubai.
Benefits: Remraam offers a peaceful, family-oriented environment with lots of green spaces. It is relatively affordable compared to other communities in the city, and its upcoming infrastructure improvements, including metro expansions, will enhance connectivity.
9. Dubai Silicon Oasis (DSO)
Price Range: Starting from AED 300,000 (approximately $82,000 USD) for studio apartments.
Location: Located around 16 km from Downtown Dubai.
Benefits: DSO is a free-zone technology park that combines commercial and residential spaces. With numerous schools, shops, and business hubs, it’s an ideal location for investors seeking affordable properties with high rental demand from tech professionals.
10. IMPZ (Dubai Production City)
Price Range: Starting from AED 320,000 (approximately $87,000 USD) for studio and 1bedroom apartments.
Location: Situated 24 km from Downtown Dubai.
Benefits: IMPZ, now known as Dubai Production City, is a media and production hub with affordable residential options. The area has good connectivity to major highways and offers budget-friendly properties, making it attractive for both investors and residents.
Affordable Real Estate in Dubai
Despite Dubai’s reputation for luxury, there are still many affordable real estate options across the city. Areas like International City, JVC, and Dubai South offer properties well below $100,000 USD, making them excellent choices for first-time investors, expatriates, or anyone looking to invest in a growing market.
Visit The ALand Times for more details, listings, and expert advice on securing your next property in Dubai!
Date: 21 Sep, 2024