According to Khaleej Times, the Dubai real estate market has been on the rise in 2021 with AED 3.3 billion worth of Dubai property transactions in a week. Thus, it can be said it’s the right time to buy property in Dubai. Here are the top 5 cheapest areas in Dubai to buy apartments, townhouses, and villas in 2021.
Cheapest Areas in Dubai for Apartments
1. Dubai Production City
The Dubai Production City is a freehold area that caters to media production companies in Dubai. It is owned by the TECOM group and is located with convenient access to Sheikh Zayed Road with lots of restaurants and schools nearby.
Moreover, the Dubai Production City has an average price of AED 290k for a studio apartment. Also, if you opt for a one-bedroom apartment, it has an average cost of AED 465k, while a two-bedroom house averages AED 675k.
2. Dubai International City
In addition to its 800 hectares area, Dubai International City is a great architecture of residence, business, and tourist attraction. It was founded by Nakheel Properties and is located in the Al Warsan region of Dubai.
An average studio apartment costs around AED 245k in Dubai International City. For a one-bedroom apartment, you can expect AED 345k, while for a two-bedroom house, the average price can be 587k.
Cheapest Areas in Dubai for Townhouses
3. Town Square
Town Square is one of Dubai’s mega-projects by the NShama group. It’s located along Al Qudra Road and spans an area of 750 acres. Besides, the founders claim that it will consist of 18,000 apartments.
Furthermore, if you plan to invest in cheap townhouses, Town Square is a good choice. Its two-bed apartments can average AED 1.3 million; three-bed in over AED 1.5 million; and four-bed in nearly AED 1.6 million.
Serena is a new project in Dubailand which is being developed by Dubai Properties. It’s a Spanish-style townhouse that covers a huge area of 8.2 million square feet. Moreover, it will have two and three-bedroom townhouses for a perfect lifestyle.
Its two-bedroom house will cost an average of AED 1.1 million; three-bedroom around AED 1.5 million; while four-bedroom will cost around AED 1.6 million.
Cheapest Areas in Dubai for Villa
5. Al Warsan
Al Warsan is among the cheapest areas in Dubai to buy villas. Besides, it’s an industrial neighborhood in Dubai near the International City. It has four parts and a huge area of 17.1 kilometers.
Relative to other Villa communities in Dubai, it has affordable prices, with some of its parts still under construction. Here, a three-bedroom villa will cost an average price of AED 1.3 million.
Hence, if you are looking to invest in the cheapest areas in Dubai, Footprint Real Estate is the lead property dealer and agent. We have our team in Ajman, Abu Dhabi, Dubai, and Sharjah.