Planning to move to Dubai but panicking because you’ve still not figured out where you’re going to live? So you would have probably scheduled a house hunting session with a realtor or asked a friend/colleague staying in Dubai to show you around. However comforting that may sound, with things being unfamiliar and the scorching heat above your head will make it difficult and pointless to hop from one place to another. While being in such a situation can be pretty daunting, we suggest you keep calm and read along.
In the last decade, a lot of areas in Dubai have become a real estate steal. The prices have gone down and you have a rather cosmopolitan neighborhood to live in. We’ve scouted the market and reviewed the latest rental data to give you a list of the 7 most affordable and convenient places to set up a home in Dubai.
These numbers, sourced from property consultants Asteco, are an average for a one bedroom apartment in Dubai. The numbers are as of June 2017, and the increase or decrease in percentages are for the period between June 2016 and June 2017.
Dubai International City
17.5 km from the airport, this beautiful country themed architecture has a mix of residences, businesses and tourist attractions. The arrangement of the city is inspired by the traditional carpets of the Middle East. Spread over an area of 8 million square meters, the city contains studios and one bedroom apartments and accommodates over 60,000 residents.
The rent ranges from a minimum of Dh35, 000 to a maximum of Dh55, 000. In a year, the rents have fallen 9 per cent.
Bordered by the Persian Gulf, Sharjah and Dubai Creek, this is distanced at 8 km from the airport. In the beginning, Deira was the commercial center of Dubai but has developed and diversified much since its early days. There are both overhead and underground metro tracks, a number of shopping malls and modern buildings & towers are always under construction in the area. Most of the well-known souks are located here.
The rent ranges from a minimum of Dh35, 000 to a maximum of Dh75, 000. In a year, the rents have fallen 11 per cent.
20 km from the airport, Jumeirah Village offers residents a real sense of community living. It is a collection of more than 2,000 spacious villas and townhouses built in classic Arabian and Mediterranean styles. Lush parkland, lakes and other communal areas are in abundance. It has international schools, shops, and community centers providing everything required for a self-sustained 21st-century lifestyle.
The rent ranges from a minimum of Dh50, 000 to a maximum of Dh70, 000. In a year, the rents have fallen 8 per cent.
Dubai Sports City
37 km from the airport, DSC is a multi-venue sports complex. It has a good mix of residential, retail, leisure and recreational facilities. It is built around five key sports venues and features a number of sports academies. The residences consist of mid-rise apartment buildings, townhouses, and villas. It contains three distinct residential districts: Canal Residence, Victory Heights and Gallery Villas.
The rent ranges from a minimum of Dh50, 000 to a maximum of Dh75, 000. In a year, the rents have fallen 6 per cent.
10.7 km from the airport, this district has several mosques including the Grand Mosque with the city’s tallest minaret and the blue tiled Iranian Mosque. The country’s only Hindu temple is also situated here, between the Grand Mosque and the Creek.
It is also a popular tourist spot with renovated historic buildings and museums. The district has many shopping streets and souks.
The rent ranges from a minimum of Dh50, 000 to a maximum of Dh80, 000. In a year, the rents have fallen 11 per cent.
36 km from the airport, Discovery Gardens are perfect for those who love the outdoors. An exceptional residential community in Jebel Ali, consisting of six themed districts viz Zen, Mediterranean, Contemporary, Mogul, Meso American and Cactus courtyard gardens. Each community retains a distinct character of its own and captures different elements of rich diversity of nature.
The rent ranges from a minimum of Dh55, 000 to a maximum of Dh75, 000. In a year, the rents have fallen 2per cent.
30 km from the airport, Al Barsha is a collection of sub communities. It is one of the newer residential developments hence is still thinly populated when compared to other communities in the city. It is close to Dubai Internet City, Dubai Marina, and the Palm Jumeirah. Landmarks within Al Barsha include Mall of the Emirates and Dubai Autodrome.
The rent ranges from a minimum of Dh55, 000 to a maximum of Dh80, 000. In a year, the rents have fallen 7 per cent.
Apart from these, there are a few other places in Dubai where the rents have hit an all time low:
1. Jumeirah Beach Residence, Palm Jumeirah: Average decline 8 per cent
2. Greens, International City, Dubai Marina: Average decline 9 per cent
3. Downtown Dubai: Average decline: 12 per cent
4. Business Bay: Average decline 14 per cent
Source: Asteco, Wikipedia