Dubai is well known to have the most luxurious, most expensive and flourishing real estate properties and amenities. But there are some locations and projects that will give you some of the most affordable neighborhoods to buy and rent properties.
The Dubai real estate sector has seen staggering growth in 2022. High investor demand and increased rental occupants have led to an increase in property prices in the city.
Palm Jumeirah was one of the areas with the most expensive properties as well as property rate increases, majority of the top 10 residential transactions in Q4 of 2022 was also located on the island.
Alongside the ultra-luxury properties and expensive areas in the emirate, there are various popular neighborhoods that contrast this by being the most affordable to live in, according to Bayut’s rental market report.
Most affordable areas to rent apartments
- Jumeirah Village Circle (JVC)
- Bur Dubai
- Deira
Most affordable areas to rent villas
- DAMAC Hills 2
- Mirdif
- Dubailand
Most affordable areas to buy apartments
- Jumeirah Village Circle (JVC)
- Jumeirah Lakes Towers (JLT)
- Dubai Silicon Oasis
- Dubai Sports City
- International City
Most affordable areas to buy villas
- DAMAC Hills 2
- Jumeirah Village Circle (JVC)
- Dubailand
- The Springs
- Al Furjan
According to the search trends observed by Bayut, Jumeirah Village Circle has continued to be the most attractive option for affordable apartments in Dubai. Generally, Dubai does not only cater the rich and famous. There are also projects and locations that are affordable for starting out families, immigrants and independent people starting out. Dubai caters for everyone.
