What is the cheapest property you can buy in Dubai in 2023?

  • Penny Realty Real Estate by Penny Realty Real Estate
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If you are looking for cheap property in Dubai, then my friends you are at the right spot.

Let’s get started with finding the cheapest property you can buy in Dubai, Penny Realty Real Estate.

Hunting property becomes a headache therefore we will break down the various kinds of property preferences and help you get the one for you from the available real estate market. There are apartments, villas, penthouses, hotel apartments, villa compounds, townhouses, and residential buildings. As you all know Dubai is known for its luxurious lifestyle, best views, and an amazingly glamorous awe factor which attracts tourists. Therefore, every building is built with a target audience in mind. Post-pandemic rebound is one of the causes of the descaling of property prices given the changes in economic policies, visa reforms, and diverging ownership rules.

There is no way you can’t get want you want!

Cheapest Property you can buy in Dubai

Below is a list of 5 Cheapest Properties in Dubai that are buying budge-friendly and are located in the central region of Dubai.

These are the five cheapest properties you can buy in Dubai which include the following;

Jumeirah Village Circle (JVC)

Jumeira Village Circle (JVC) area is characterized by aesthetically pleasing surroundings crafted with an eclectic blend of artistically designed townhouses, villas, and apartments. It is regarded as cheap property in Dubai despite being located in the central Dubai region. Serving as a home for over 2000 residential units, it is one of the most popular for buying budget-friendly properties. Usually, the freehold properties are for conscious buyers who want to stick to their budgets as well as enjoy a family-friendly community. Another major aspect is its closeness to city centers like JLT, Internet City, Marina makes commuting hassle-free. The properties are listed on Penny Realty Real Estate online forum which is the most trusted real estate in Dubai.

Jumeirah Village Circle Cheapest property you can buy in Dubai.

Dubai Sports City (DSC)

Dubai Sports City (DSC) is one of the cheapest properties you can buy in Dubai in the year 2023. Offering an immersive slant towards living in urban dynamics, is an incipient neighborhood for budget-conscious investors. The name is enough to explain the subtleties of this aesthetically created locality. This sports-oriented locality offers great road connectivity, spacious apartments, schools, and multiple sports avenues. Moreover, you will see the number of play areas, parks, biking lanes, and jogging tracks best for kids and adults of all ages as DSC is located in the central Dubai region.

If you are looking for a place to maintain your sport-centric routine, DSC is the one for you.

In addition to the above-mentioned, it offers you the cheapest options for residential, sports, commercial, and retail facilities. As far as the location is concerned DSC is set to provide quick access to major destinations and parts of Dubai due to its positioning at Al Khail and Hessa Street. On the contrary, the average price for properties in DSC is AED 633 PDF, which makes it more affordable from an investment perspective having an inordinate yield ranking and enabling one to find a buying budget-friendly properties.

Dubai Sports City (Cheapest Properties in Dubai)

Dubai Silicon Oasis (DSO)

A serene and peaceful community located in the center of Dubai whirred with innovation. It stands are the most exquisite technological hub in Master Plan for Dubai forecasted for 2040. Dubai Silicon Oasis is spread over a vast area of 7.2 square kilometers serving and offering a free-trade zone, endless commercial spaces, and facilities. Currently, it serves as the incubator for technological start-ups and in-house business services where businesses seeking growth land before their flight as per the latest information by Penny Realty Real Estate. It is unconditionally by far the most aesthetic yet cheapest property to buy in Dubai if you are looking for buying budget-friendly properties in Dubai.

It is a true example of integration between living spaces and working platforms, where a weighted assortment of amenity-packed residential fortifications stands tall along with fenced villa communities for purchase or lease at considerably reasonable rates. Moreover, the area is very close to International Airport, Downtown Dubai, Global Village as well as commercial hubs therefore ensuring that residents stay well-connected as the most trusted real estate in Dubai.

It is the best investment opportunity for those seeking affordable residential options in the real estate market of Dubai and availabilities can be checked on Penny Realty Real Estate website which is a great real estate UAE forum. Investors planning to capitalize on their monetary valuation should aim at investing in DSO which is one of the top-performing areas as far as the rental yields are concerned. Over the past few years, prices have fluctuated and have currently settled at levels exceeding in 2021 where the transaction price is approximately AED 604 psf. A community that is mature as the properties remain at their premium rates and no upcoming supply plans are the best option for residents.

Dubai Silicon Oasis

International City

International City is the most affordable and another most looked into the cheapest property you can buy in Dubai. The area has been designed keeping in mind the country-style architecture reflecting a vibrant amalgamation of cultures and multiple localities.

It is divided into clusters, where each cluster represents a country.

On the contrary, the area is facilitated with schools, medical facilities, cafes, and restaurants along with other modern amenities where the most prominent one being Dragon Mart.

It is located in Al Warsan which is another area. It is located in the central Dubai region and is spread over an area of 800 hectares. Having great transport links makes it easy for residents to commute. Furthermore, it is the largest residential area supplying approximately 37000 residential units for buyers. The price for each property is around AED 439 psf which is considerably low as compared to other residential areas while the net rental yield touches 6.4 percent.

International City

Dubai Production City (DPC)

Dubai Production City known as International Media Production Zone defines the concept of holistic living. It’s located off Sheikh Zayed Road where it merges businesses, communities, options for leisure, and residential perspectives. It is aimed to enhance the lifestyle of residents and elevate life quality.

Operating as a free zone and catering to media production companies is one option that is given considerable importance.

Dubai Production City, formerly known as IMPZ (International Media Production Zone), is a mixed-use development in Dubai located off Sheikh Mohammed Bin Zayed Road, redefining the concept of holistic living. The value for money is very high for this project as the facilities and rents both complement the investment. This is in fact one of the cheapest properties you can buy in Dubai where the price is AED 729 along with a healthy residential unit demand.

Dubai Production City

To remain updated with the current market trends stay tuned to Penny Realty Real Estate for upcoming blog posts. It is dubai biggest real estate and the most trusted real estate in Dubai.

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