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Posted by admin blog on April 19, 2020
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Buying an apartment in Dubai need not always be heavy on your pockets. A large number of affordable housing communities are available in Dubai. Here are some of the properties you can buy for under AED1 million.

Investing in the real estate sector in Dubai is a dream come true for many. Meanwhile, investors with low budgets are often put off by the notion that Dubai property is too expensive. However, Dubai is not just a world-class real estate investment destination. It is also home to a large number of affordable properties with high returns.

Are you one of those looking for budget-friendly property investment options in Dubai? Then you have come to the right place. We have put together a list of top 10 properties now available for sale for under AED1 million. The list will help you buy an apartment in Dubai without much hassle.

  1. Murano Residences, Al Furjan – AED994,970

Ready-to-move-in apartment | 1,141 sq. ft. | 2 bedrooms | 2 bathrooms | Ghreiwati Properties
Murano Residences

Credit: Korter

Al Furjan is one of the upcoming residential areas in Dubai. It offers a private and secure family environment away from the city. This is your perfect choice if you are looking for high rental returns.

According to Property Monitor, the average gross investment yield in Al Furjan is 7.44%.

For more details, you may contact our client manager Niro Pradeep, who is also a specialist in properties in Business Bay and Mudon.

Meanwhile, you may also look at some of his other listings here.

  1. Acacia, Dubai Hills Estate – AED998,000

Ready-to-move-in apartment | 998 sq. ft. | 1 bedroom | 2 bathrooms | Emaar Properties
Acacia by Emaar

Credit: Auric Acres

A master community crafted by Emaar, Dubai Hills Estate is a planned 2,700-acre multi-purpose development that has everything you will ever need. Strategically located, this community has apartments and villas to choose from.

According to Data Finder, over the past three months, Dubai Hills Estate has been seeing an increase in the total number of property transactions.

For more details, you may contact our client manager Kamran Ul Haq Zafar, who is also a specialist in off-plan property sales.

Meanwhile, you may also look at some of his other listings here.

  1. Green Lake Towers, JLT – AED990,000

Ready-to-move-in apartment | 1,086 sq. ft. | 1 bedroom | 2 bathrooms | ASAM
green_lakes_towers

Credit: JLT Dubai

Jumeirah Lake Towers is a cluster of 80 buildings, considered the best quality residential buildings in Dubai. Developed by ASAM, JLT is located next to Sheikh Zayed Road, making it one of the most connected communities in the city. If you are looking for an apartment in Dubai that is strategically situated, this is the one.

According to Property Monitor, the average gross investment yield in Jumeirah Lake Towers is 7.8%.

For more details, you may contact our client manager Remon Alec Haddad, who is also a specialist in leasing.

Meanwhile, you may also look at some of his other listings here.

  1. West Avenue, Dubai Marina – AED 945,000

Ready-to-move-in apartment | 1713 sq. ft. | 1 bedroom | 2 bathrooms | Select Group
west avenue

Credit: Select Group

Known as one of the most affluent residential neighbourhoods in Dubai, Dubai Marina, is a hot spot for property investors. This waterfront community is located next to Sheikh Zayed Road and has two metro stations.

According to Property Monitor, the average gross investment yield in Dubai Marina is 6.57%.

For more details, you may contact our client manager Lewis Darrington, who is also a specialist in residential and commercial leasing.

Meanwhile, you may also look at some of his other listings here.

  1. Lincoln Park, Arjan – AED 725,000

Ready-to-move-in apartment | 1,191 sq. ft. | 2 bedrooms plus 1 maid’s | 3 bathrooms | Damac Properties
lincoln-park-hero-image-mobile

Credit: Damac Properties

Home to the iconic Dubai Miracle Garden and Dubai Butterfly Garden, Arjan is a freehold mixed-use community development in Dubailand. It is one of the low-cost residential areas perfect for real estate investments offering higher returns.

According to Bayut, investors looking to buy an apartment here can expect an annual rental yield of 9.2% in Arjan.

For more details, you may contact our client manager Ghofrane Daoud, who is also a specialist in properties in Downtown Dubai, Palm Jumeirah, and Dubai Hills Estate.

Meanwhile, you may also look at some of her other listings here.

  1. Loreto, DAMAC Hills – AED720,000

Ready-to-move-in apartment | 814 sq. ft. | 1 bedroom | 2 bathrooms | Damac Properties
Loretto-at-Damac-Hills

Credit: DXB Off-Plan

Damac Hills by Akoya is a lush green parkland that offers a community-living experience away from the rushes of the city. The development by Damac Properties spans 42 million square feet is one of the most sought-after destinations for those looking to buy an apartment in Dubai.

According to Property Monitor, investors can expect an average gross investment yield of 5.39% for apartments and 4.98% for villas here.

For more details, you may contact our real estate agents, and may also look at some of our other listings here.

  1. Glitz Residences, Dubai Studio City – AED390,000

Ready-to-move-in apartment | 650 sq. ft. | Studio | 1 bathroom | Danube Properties
Glitz

Credit: Danube Properties

Some of the most affordable residential buildings in Dubai are found at Dubai Studio City, which is part of Tecom Group in Dubai. A futurist platform for media and production companies, Dubai Studio City is part of Dubai Media City.

According to Property Monitor, investors can expect an average gross investment yield of 6.12% for apartments here.

For more details, you may contact our real estate agents, and may also look at some of our other listings here.

  1. SLS Dubai Hotel & Residences, Business Bay – AED999,999

Off-plan property | 50/50 post-handover payment plan | 669 sq. ft. | Studio | 1 bathroom | WOW Real Estate Development
SLS

Credit: Gold Pillars

The financial district of Dubai, Business Bay is a development packed with corporate high-rises as well as lush apartment buildings. That doesn’t mean investors looking to buy an apartment in Dubai shouldn’t consider Business Bay. Promising high rental yields, this is the perfect location for high rental yields.

According to Property Monitor, investors can expect an average gross investment yield of 6.42% for apartments here.

For more details, you may contact our client manager Sha Nawaz, who is also a specialist in Dubai Hills Estate, Jumeirah Beach Residence, and Dubai Creek Harbour.

Meanwhile, you may also look at some of his other listings here.

  1. Creek Horizon, Dubai Creek Harbour – AED999,999

Off-plan property | 50/50 3-year post-handover payment plan | 700 sq. ft. | 1 bedroom | 2 bathrooms | Emaar Properties
Creek Horizon

Credit: Emaar

Consider the future of Dubai, Creek Harbour is the most sought-after developments in Dubai attracting property investors. The harbour will be home to the world’s tallest building, Dubai Creek Tower, adding its value for investors.

According to Data Finder, off-plan property transactions in Dubai Creek Harbour have been dominating, with Creek Beach recording 27 sales worth AED45 million in March 2020.

For more details, you may contact our client manager Chetan Shroff, or you may also look at some of his other listings: https://www.bayut.com/brokers/chetan-shroff-756056.html

  1. Expo Golf Villas, Emaar South – AED999,888

Off-plan property | 1.25% monthly instalments over 5 years | 1,852 sq. ft. | 3 bedrooms | 4 bathrooms | Emaar Properties
Expo Golf Villas

Credit: Emaar

A once-in-a-lifetime opportunity from Emaar, Expo Golf Villas at Emaar South is an exclusive offer to be part of history. Part of the Emaar Expo 2020 Collection, these villas will go down in history for their proximity to the Expo 2020 site.

According to Property Monitor, investors can expect an average gross investment yield of 5.60% for apartments and 7.42% for townhouses here.

For more details, you may contact our client manager Monir Midani, who also specialises in Downtown Dubai, Dubai Creek Harbour, and Arabian Ranches.

Meanwhile, you may also look at some of his other listings here.

If you are planning to buy an apartment in Dubai or make any property investments in the city, we offer you FREE guidance.

Please contact our experienced and professional agents at inquiry@dandbdubai.com or +971565203470.

Note: This list has been prepared as per the data available as on 19 April 2020. The listed properties might have already been sold should you be reading this article on a later date. We suggest you contact our specialist if you are looking to buy an apartment in Dubai.

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