New Data just revealed Dubai’s most affordable areas to live, rent
In 2022, the Dubai real estate sector saw a rise at an astounding rate. Property values in the city have risen as a result of growing investor interest and rental occupiers. Transactions in the real estate sector increased by 76.5 per cent from 2021.
“The exceptional performance of the real estate sector reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai one of the world’s top three cities. The results also support the goal of the Dubai Economic Agenda D33 to double the size of Dubai’s economy by 2033. The sector is a key pillar of Dubai’s strategy for sustainable development and a vital driver of its 2040 Urban Master Plan.”
— Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince and Chairman of The Executive Council of Dubai
According to Bauyt’s rental market research, in addition to ultra-luxury residences and pricey regions in the emirate, other popular neighbourhoods contrast this by being the most affordable to live in.
Most affordable areas to rent apartments
- Jumeirah Village Circle (JVC)
- Bur Dubai
- Deira
Most affordable areas to rent villas
- DAMAC Hills 2
- Mirdif
- Dubailand
Most affordable areas to buy apartments
- Jumeirah Village Circle (JVC)
- Jumeirah Lakes Towers (JLT)
- Dubai Silicon Oasis
- Dubai Sports City
- International City
Most affordable areas to buy villas
- DAMAC Hills 2
- Jumeirah Village Circle (JVC)
- Dubailand
- The Springs
- Al Furjan
Popular areas with the highest ROI – apartments
- Jumeirah Lake Towers (JLT) – 8.02 percent
- Dubai Sports City – 8.08 per cent
- International City – 9.22 per cent
Popular areas with the highest ROI – villas
- DAMAC Hills – 6.95 per cent
- Jumeirah Village Circle (JVC) – 6.90 per cent
- Dubai Hills Estate – 6.17 per cent