Looking for inexpensive luxury and living in the city? Go no further. There are five areas in Dubai where a 1BR can now be rented at AED 45,000 per year.
This information is also suitable if you are planning to invest in Dubai. In the developing areas of Dubai, we curated a list of affordable 1-bedroom furnished apartments.
Chep Property in Ajman
Ajman is three times cheaper than Dubai to rent or buy an apartment in the UAE. The median price of rent for an apartment in Ajman is 30 dirhams per plot and 22 dirhams per plot of the villa.
It is less than 34 dirhams per plot of the apartment and 24 dirhams for Sharjah villas. The median price for Ras Al Khaimah apartments is Dh52 for one square foot and Dh38 for villas.
According to estimates from the Propertyfinder, Ajman also pays the highest 9.6 percent of the country’s rent for apartments. It is opposed to 7.75% of Ras Al Khaimah and 6.41% of Sharjah. The villas pay the highest rent in Ras Al Khaimah with 5.65%, followed by 5.55% in Ajman and 3.7% in Sharjah.
Cheap Property in International City
In a vibrant city, International City provides an inexpensive living. The area is situated in Dubai’s Al Warsan neighborhood and accommodates about 60,000 residents.
This started with the residents of Dubai trying to supply them with quality homes. It is now at the top of the list of the most affluent communities. Now, the cheapest apartment in the city is only AED 45,000 a year.
Cheap Property in Al-Nahda
Al Nahda, between Dubai and Sharjah, gives its people the world’s best: standard of living, cheap housing, and access to what counts. Al Nahda has always been one of the most affordable areas, with an average of 1BR of 50,000 AED per year. Today’s lowest wage in the region is AED 47,999 per year.
Cheap Property in Circle of Jumeirah Village
Jumeirah Village Circle is an emerging community of freeholds. It provides all the modern comforts of a town in a peaceful neighborhood. Average rentals in the city are reportedly roughly AED 65,000, and AED 50,000 for the cheapest one bedroom furnished apartment a year.
Cheap Property in Dubai Land
Dubai Land is continuously popular with people who want to stay quality at a low price. The median price of the accommodations in the area is AED 54,000, whereas currently, the most affordable in the area is AED 50,000.
Cheap Property in Al-Warqa’a
Al Warqa’a is a popular housing place for professionals employed in Mirdif since it provides a very affordable price for convenient living. The property prices are starting at AED 54,000 for 1-bedroom apartments, and the lowest one-bedroom furnished apartment costs AED 51,000 per year.
The indicators on the real estate sector in Dubai revealed that vast numbers of people either migrate into more accessible parts of the Emirate. Sometimes, they also transfer to a neighboring emirate in pursuit of affordable housing entirely.