Looking for affordable housing in the city of luxury and grandeur? Search no more. Here are 5 areas in Dubai where you can rent a 1BR starting from AED 45,000 per year today.
propertyfinder has put together a list of furnished affordable 1 bedroom apartments in Dubai’s up and coming neighbourhoods.
International City offers affordable living in a flourishing area. The community is located in the Al Warsan area of Dubai and is has the capacity to house more than 60,000 people. It was initiated as a wish for the Dubai residents to provide them with affordable homes and is now on the top of the list of neighbourhoods with the most affordable rents today. The cheapest apartment in the area is priced currently at AED 45,000 per year.
Al Nahda between Dubai and Sharjah offers residents the best of both worlds – quality living, cheap rents and proximity to everything that counts. The area is one to watch, with 1BR averaging at AED 50,000 a year, Al Nahda has consistently been one of the most affordable areas. The lowest rental in the area today is priced at AED 47,999 per year.
Jumeirah Village Circle
Jumeirah Village Circle is an emerging freehold community. It has all the modern facilities of a city in a tranquil village setting. Average rents in the area are currently around AED 65,000, while the lowest-priced furnished 1-bedroom apartment is priced at AED 50,000 per year.
Dubai Land has been enjoying a steady popularity among those looking for quality living at an affordable rate. The average price for apartments in the area is AED 54,000, while the most affordable property in the area today is priced at AED 50,000.
Al Warqa’a is considered to be a strategic residential area for professionals working in Mirdif, as it offers a convenient living for a very reasonable price. 1-bedroom apartments are averaging around AED 54,000 and the cheapest furnished 1-bedroom apartment is at AED 51,000 per year.
The signs being witnessed in Dubai’s real estate market show that a large number of residents are either moving to more affordable areas of the emirate or are entirely moving to a new emirate in pursuit of affordable housing units.