Tuesday, 30 April 2024
Real Estate

What are the Cost Effective areas to live with Family in Dubai

Dubai

Dubai is known as one of the world’s most family-friendly destinations, with a plethora of safe and secure residential options to choose from. Before settling on your dream home, there are several obvious factors to consider, such as school runs, work commutes, space, and budget. Keeping all of this in mind, we’ve compiled a list of some of the most popular places to live in Dubai for families, so you can find the ideal place to create those priceless memories!

It is critical to broaden your research and learn about all possible communities in Dubai that provide affordable housing and meet your residential needs. If your annual income is 100,000 AED, you can easily afford a basic one-bedroom apartment in Jumeirah. A comparable location in an area such as the International Media Production Zone, on the other hand, will cost you half the price. Also, when selecting areas, consider the proximity to retail establishments, access to public transportation, and other factors that may increase your budget.

If this is your first time buying or renting a property in Dubai, this blog will provide you with detailed information on the most cost-effective areas to live and invest in Dubai.

Dubai International City

Dubai International City is the most affordable rent area in the UAE. The area is 8 million square meters in size and is located in the Al-warsan area. The area is full of modern amenities, including a school, supermarkets, medical facilities, restaurants, and cafes.

The entire area is divided into ten localities and is surrounded by green space. The architecture of this area is its defining feature. The residential area is divided into sections based on its design. Each area is named after a different country, such as China, France, Greece, Spain, or Italy: Emirates.

The area offers studios, spacious one-bedroom apartments, and three-bedroom apartments. The annual rental price ranges between AED 32,500 and AED 42,500.

Dubai Silicon Oasis

Silicon Oasis, Dubai’s technical hub, is located at the intersection of Sheikh Mohammed bin Zayed Rd and the Dubai-Al-Ain road.
This area is densely packed with commercial spaces for rent, making it ideal for those looking to start their own business.

Nearby attractions include International City, Dubai Mall, and International Airport, among others. The location is well known among expats due to its central location. The Dubai Silicon Oasis includes a variety of necessary amenities. The gated community can offer you the best residential house at the most cost-effective rates. The annual price for 2-3 bedroom apartments range from AED 45,000 to AED 65,000.

DSO also provides free trade incentives to companies operating in its technology park. Overall, DSO is ideal for those looking for affordable residential options, particularly first-time buyers looking for the best property investments in the Dubai real estate market.

Dubai Sports City (DSC)

The Dubai Sports City (DSC), with an area of 50 million square feet, is nothing short of a mini-town within the infinite city of Dubai. This sports-oriented neighborhood has it all, from residential to retail, commercial, and sports facilities. Whether it’s a quick drive to Al Maktoum International Airport or a trip down Md. Bin Zayed Road, DSC’s road connectivity adds significant value to its property.

Jumeirah Village Circle (JVC)

Jumeirah Village Circle (JVC) has over 2,000 residential units and is designed as a series of villages linked by parks and canals, with a mix of townhouses, apartments, and villas. Most JVC residential apartments include shared amenities such as gyms, pools, and laundries. Because the area is new, JVC has a variety of brand new apartments for rent.

The neighborhood has a variety of low and high-rise developments. JVC offers a good mix of ready and off plan properties in Dubai. According to Bayut’s 2019 H1 Dubai Real Estate Report, it is one of the most popular areas in Dubai for purchasing and renting apartments and villas.

JVC attracts a mix of families, young couples, and singles due to its abundance of schools, parks, and fitness centers. Due to its attractive pricing and high rental yields, it has become a popular area for investment in Dubai.

Deira

Deira is one of the best options for people on a tight budget. Deira is similar to Bur Dubai, but more modern. Deira is known as Dubai’s first business district.

Deira is close to the airport and well connected to all major landmarks. It is a mix of old and new Dubai, with everything from traditional old shops to modern buildings with a plethora of restaurants.

The average annual rent for a fully furnished apartment ranges between AED 42,000 and AED 57,700.

Dubai Investments Park (DIP)

Dubai Investments Park (DIP) is a popular neighborhood for those looking to live and invest in Dubai at cost-effective rates. DIP is a self-contained community with everything within and around it. DIP is also a good place to invest in real estate because it is close to the international airport and has easy access to the city’s major routes.

Conclusion

Dubai is a multicultural melting pot. There’s plenty to do, and the job market is also promising. Ample public transportation and world-class health care are a plus! However, the best place to live is determined by budget, preference, and requirements.

There are a multitude of real estate opportunities for investors. The property market is brimming with luxurious ready and off plan properties in Dubai. Investors have a wide array of options to choose from based on their own preference be it a waterfront suburban community or a skyscraper.

Jennifer Betts

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