For decades, Dubai has been a beacon for investors interested in the real estate market. In previous years, non-locals made up about 85% of Dubai’s property owners; 30% were Indians. The real estate market in Dubai is picking up steam again after a dip during the COVID-19 epidemic, thanks to the city’s relaxed Golden Visa requirements.
The updated Golden Visa rules have increased the demand for home ownership in Dubai by lowering foreign nationals’ required minimum investment in real estate to get a Golden Visa. The minimum investment required to obtain a Golden Visa has been reduced from AED 5 million to AED 2 million under the new policy. As a result of this newfound chance to invest in low-cost housing in the UAE, the minimum required to buy a property there has dropped significantly. With 99acres, you may explore some of Dubai’s finest and most reasonably priced communities.
Jumeirah Village is a popular area of New Dubai because it has some of the most reasonably priced freehold properties. Due to its proximity to the city’s major commercial hubs, such as Dubai Investment Park and Jebel Ali Industrial Area, the area is popular among the city’s working class. The convenience of being close to other shopping centres like Al Barsha Mall, Mall of Dubai, Dubai Hills Mall, and LuLu Hypermarket.
Listings on 99acres indicate that one-bedroom apartments start at roughly Rs 40 lakh, while two-bedroom, two-bathroom apartments cost around Rs 90 lakh on average
The Indian and international communities have discovered affordable real estate in Dubai Sports City. It’s convenient to get to Dubai Investment Park and Jebel Ali Industrial Area from here, and it’s adjacent to the charming Jumeirah Village. It’s a mixed-use building in New Dubai, with both high-end and more inexpensive options for residents. Furthermore, amenities such as schools and hospitals can be found within a ten-kilometre radius.
According to the postings on 99acres, the average price of a ready 1 bedroom, 1 bathroom here is around Rs 80 lakh. In this area, the lowest-priced 2-bedroom apartments go for around Rs 1.5 crore.
This area contains everything a person could want, from affordable houses to shops to offices to gyms to sports complexes, and the best part is that it’s all freehold. DSC is conveniently located near the intersection of Al Khail Road and Hessa Street, making it easy to reach all of Dubai’s other important districts.
Properties in DSC typically sell for around AED 633 psf when they are ready to be bought or sold. Even though the market hasn’t changed much in recent years, DSC is a great place to invest in Dubai because it is cheap and has high yield rankings for all bedroom sizes.
Silicon Oasis, located in southwestern Dubai, is a popular residential area due to its proximity to both Zayed University and Amity University Dubai Campus. The area is well-liked by students and professionals. It is approximately 10 kilometres from the Ras Al Khor Industrial Area and is close to the International Center for Biosaline. Real estate in Silicon Oasis is in high demand because of the area’s proximity to employment centres and excellent road network.
The asking price of Rs 55 lakh is for a one-bedroom, one-bathroom studio apartment measuring 35 square meters. In Dubai Silicon Oasis, a two-bedroom, two-bathroom apartment with more than 100 square meters of space begins at Rs 1.9 crore.
The Jumeirah Lake Towers are a prominent landmark in Dubai’s heart, near both the Palm Jumeirah and Emirates Hills. The area is a popular residential spot because of the availability of essential services, including schools, hospitals, and shopping centers. Because of its convenient location near Jebel Ali Industrial Area and Dubai Investment Park, the affluent community of Jumeirah Lake Towers is a top choice for Dubai’s working elite.
Listed flats on 99acres indicate that the ‘ask’ price for a 40 square meter home in Jumeirah Lake Towers is roughly Rs 75 lakh. The asking prices for 2-bedroom, 2-bathroom apartments in the area typically begin at around Rs 2.6 crore.
In addition to the areas above, you can find a wide variety of apartment complexes in places like Business Bay, District 18, Dubai Land Residential Complex, and Arjan-Dubailand.