Paste your Google Webmaster Tools verification code here

The Top 5 Communities to Land a Bargain in Dubai

January 2018

January 7, 2017 | 15:30 | Dubai

Despite a reputation for over-the-top luxury, those who call Dubai ‘home’ often have more modest needs. Below, Propertyfinder Group rounded up the top 5 least expensive communities in Dubai to rent or buy a villa or apartment, so the cash-flow can go toward brunches and epic vacations rather than the rent or mortgage.

Dubai Land appears several times, and is worth a look as a family-friendly option with lots of brand new units to its name. The area saw some 2,500 handovers in 2017. Dubai Silicon Oasis, Discovery Gardens, and Al Furjan are a similar story: a high rate of handovers, central locations with short commutes, and family-friendly.

  • Jumeirah Village Circle and Al Furjan, the two cheapest areas to rent a villa in Dubai, saw some of the steepest declines in price (-11.8% and -13.9%, respectively), over a six month period between April and October 2017, Propertyfinder Trends data shows.
  • Dubai villa rents have seen the biggest decline in asking prices of all property types, according to the report, with several communities seeing double digit declines.
  • Demand in affordable areas is rising, as are handovers. This means prices are going down as new stock becomes available, and Dubai residents are getting a bargain to boot.

 

Leave a Reply

Your email address will not be published. Required fields are marked *