Top areas with apartments for sale in Dubai under AED 800k
Investors and homeowners are spoilt for choice when buying an apartment in Dubai. Over the past few years, an influx of affordable properties for sale in the city has opened up the real estate market to a wider demographic. If you’re interested in investing in an apartment in Dubai on a budget, consider this list of popular areas with apartments for sale in Dubai under AED 800k.
WHERE CAN YOU FIND APARTMENTS FOR SALE IN DUBAI UNDER AED 800K?
Properties in Dubai cater to a diverse market. You can find some of the most expensive properties in the region. And at the same time, those looking for affordable housing also have plenty of options.
Let’s now check out the top five areas to buy flats in Dubai for less than AED 800k.
JUMEIRAH VILLAGE CIRCLE (JVC)
A development of Nakheel, Jumeirah Village Circle (JVC), has climbed up the ladder of popularity amongst renters and buyers reasonably quickly. Not many areas compare to JVC when you’re looking for affordable property in Dubai.
Partly the reason for its popularity is the outstanding amenities and facilities. Residents have easy access to Dubai Marina, Dubai Internet City, JLT and Dubai Media City. JVC also stands out because it offers urban living spaces and facilities in a serene village-like setting.
You can also get great value for your money when renting an apartment.
- The average price for studios for sale in JVC stands at AED 515k.
- For 1-bed flats, the average sales price rises to AED 744k.
- For apartments for sale in JVC, the ROI stands at 7.60%.
DUBAI SILICON OASIS (DSO)
A modern suburb buzzing with tech and innovation, Dubai Silicon Oasis is a holistic community with a plethora of residential buildings perfect for those looking for a convenient yet affordable lifestyle in Dubai.
Flats for sale in Dubai Silicon Oasis are equipped with all the top-notch facilities needed to lead a comfortable lifestyle, with most towers having a gym, pool, sauna and steam room.
The community’s proximity to Sheikh Mohammed bin Zayed Road (E311) makes it a prime neighbourhood. Residents enjoy quick access to the various gyms, supermarkets and restaurants in DSO. The eclectic neighbourhood is also one of the most affordable in Dubai, offering moderately-priced apartments.
- On average, you can buy a studio apartment in DSO for AED 357k.
- The asking sales price jumps to AED 500k for a 1-bed apartment in DSO.
- For a larger 2-bed flat, you can expect to pay AED 760k.
- The expected ROI is an impressive 8.58%.
DUBAI SPORTS CITY
Another widely popular area to invest in affordable properties in Dubai is the popular mixed-use community of Dubai Sports City. Offering a combination of urban living and the comfort of a suburban area, this master-planned community is seen as a preferred choice, especially for families.
Top-notch amenities, including supermarkets, recreational facilities and eateries, make Dubai Sports City an attractive proposition for property buyers and tenants alike. Its location, just off Hessa Street (D61) via Al Khail Road (E44), conveniently connects residents to the rest of the city.
Naturally, as the area’s name suggests, it is the hub of sports in the UAE. Residents can enjoy a range of sporting facilities within the community.
- For a studio and a 1-bed flat, the average sales price is AED 366k and AED 561k, respectively.
- To buy a 2-bed flat in Dubai Sports City, the average financial outlay would be AED 771k.
- The projected ROI for the flats in the area is 8.50%
INTERNATIONAL CITY
Many apartments for sale in International City are available for less than AED 800k. And this is one reason the vibrant neighbourhood ranks fourth in terms of searches on Bayut.com.
International City has highly affordable housing options. You will find a diverse set of apartments arranged in country-themed clusters. Plus, there are dozens of other buildings serving as home to expats who enjoy a comfortable lifestyle complete with all necessary amenities and conveniences within the community.
The neighbourhood has supermarkets, sporting facilities and eateries dotted around, while most apartment buildings house facilities like gyms and swimming pools.
- To buy a studio apartment in International City, your average financial outlay would be AED 286k.
- Whereas, if you are in search of 1 or 2-bed flats, expect to pay AED 417k or AED 769k, on average.
- The ROI of 7.59% is also a factor in the increasing demand for properties in the area.
DUBAI RESIDENCE COMPLEX
Dubai Residence Complex is another top area to buy an apartment in Dubai under AED 800k. Located in Dubailand, it is a relatively new development. It is seeing fast development, and interest from investors has steadily grown. Importantly, it is located nearby major educational development – Academic City.
Given that it is a developing community, the developers have considered the demands of modern-day residents. This has resulted in properties in the area providing a wide range of facilities.
- You can buy a studio in Dubai Residence Complex at an average price of AED 408k.
- Whereas the average price rises to AED 551k for 1-bed and AED 682k for 2-bed flats.
- The ROI for apartments for sale in Dubai Residence Complex stands at 8.19%.
Here’s the breakdown of the average prices for the different bed types in areas where you can buy apartments in Dubai under AED 800k.
Area | Studio | 1-Bed | 2-Bed |
|---|---|---|---|
Area Jumeirah Village Circle (JVC) | Studio AED 515,000 | 1-Bed AED 744,000 | 2-Bed N/A |
Area Dubai Silicon Oasis | Studio AED 357,000 | 1-Bed AED 500,000 | 2-Bed AED 760,000 |
Area Dubai Sports City | Studio AED 366,000 | 1-Bed AED 561,000 | 2-Bed AED 771,000 |
Area International City | Studio AED 286,000 | 1-Bed AED 417,000 | 2-Bed AED 769,000 |
Area Dubai Residence Complex | Studio AED 408,000 | 1-Bed AED 551,000 | 2-Bed AED 682,000 |
- 2 BEDS
- |
- 2 BATHS
- |
- 1326 SQFT
- 1 BED
- |
- 2 BATHS
- |
- 663 SQFT
- 1 BED
- |
- 1 BATH
- |
- 477 SQFT
- STUDIO
- |
- 1 BATH
- |
- 517 SQFT
- 2 BEDS
- |
- 3 BATHS
- |
- 1035 SQFT
FAQS ABOUT APARTMENTS FOR SALE IN DUBAI UNDER AED 800K
WHAT IS THE ROI OF THE AFOREMENTIONED AREAS WITH APARTMENTS FOR SALE IN DUBAI UNDER AED 800K?
The ROI for the aforementioned areas is as follows:
Area | ROI |
|---|---|
Area Jumeirah Village Circle | ROI 7.60% |
Area Dubai Silicon Oasis | ROI 8.58% |
Area Dubai Sports City | ROI 8.50% |
Area International City | ROI 7.59% |
Area Dubai Residence Complex | ROI 8.19% |
CAN FOREIGN INVESTORS BUY PROPERTIES IN DUBAI?
Yes, foreign investors are allowed to buy properties in Dubai. Check out this handy guide for foreigners buying properties in Dubai for further details.
If you are looking for affordable options, learn more about the cheapest areas to buy properties in Dubai.
CASH OR MORTGAGE, WHICH IS THE BETTER WAY TO BUY PROPERTY IN DUBAI?
The answer to ‘should I buy a property in Dubai on cash or mortgage‘ depends on your specific situation and has no definitive answer. Factors like long-term planning, advantageous pricing, age and financial stability should be considered before deciding.
There you have it – five areas where one can buy an apartment in Dubai without breaking the bank. Making the switch from renting to buying an apartment in Dubai is never an easy call to make, especially if you’re an expat. But if you see yourself living in Dubai for at least a few years to come, investing in property is worth considering.
Given the pace at which Dubai is developing, real estate investment in the city is one of the best things you can do to secure your future. Even if you don’t occupy the apartment, you can rent it out and create an additional income stream.
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