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Famous Areas to Purchase Studio Apartments in Dubai Under AED 500k

  • 5th Aug 2022
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Famous Areas to Purchase Studio Apartments in Dubai Under AED 500k

For interested buyers and investors who are on a budget, studio apartments for sale in Dubai are a great option to consider as they are competitively priced. There is a surging portfolio of properties in the city where buyers can find studio apartments for affordable costs under AED 500k.

Whether you wish to buy an intimate place for personal usage or want to benefit from great rental yield, keep reading to know the 5 most demanding areas where a studio flat can be purchased for under AED 500k.

1. Jumeirah Village Circle

Image Courtesy: Arabian Business

The family-oriented JVC is the most demanding area where investors can buy a studio for sale. Developed by Nakheel Properties, this mega-development brings a combo of modern homes in a village setting. The occupants in Jumeirah Village Circle admire the ambience, enveloped in lush canals and gardens, evoking a crucial sense of tranquility in the buzzing metropolis of Dubai.

JVC proudly attracts an equal ratio of young couples, families, and singles. Expat families are especially fond of residing here due to the abundance of parks, schools, and fitness centers. The mega-development is also hugely popular due to the high rental yield.

As reported, the studios in JVC have a yearly ROI of 6.4%, proving the establishment to be a lucrative prospect for buyers. For inhabitants, tranquil gardens, a peaceful environment, and canals add to the appeal as a serene retreat. Moreover, its proximity to Jumeirah Lake Towers and Dubai Marina with the lack of traffic guarantees a hassle-free commuting. It's no wonder why renters and investors flock towards JVC, leading it to be a benchmark for family-oriented neighborhoods. The average cost to invest in studios is AED 420k. 

2. International City

Image Courtesy: Nakheel.com

This place has long been a hub for investors on a tight budget and it's no wonder why. According to the annual reports, the flats for sale in International City enjoy an enviable ROI of 8.5%.

The studio flats are always demanding due to their economical costs, proximity to the shopping hub of Dragon Mart, and a clever location off Ras Al Khor. This neighborhood also boasts valuable amenities, such as eateries, clinics, laundry services, and much more. Plus, it is perfectly connected to the public bus network.

The average cost of investing in a studio flat in International City is AED 232k, making it the most affordable community on the list. These luxury studios for sale in Dubai have a superb proximity to gyms, supermarkets, and mosques. Potential buyers can surf through the floor plans to recognize the configurations that best fulfill their demands.

3. Dubai Sports City

Aside from the strategic location and amenities, the studio cost in Dubai is a vital aspect for buyers searching for swanky real estate investment. An area that has steadily aroused buyer interest for budget-friendly studio flats in the city is Dubai Sports City. Situated between different residential communities like Motor City, Production City, and Jumeirah Village Circle, this establishment boasts stellar amenities inside and in the vicinity. Dubai Sports City has carved out a niche for itself as a heavenly destination for those who are a fan of a healthy lifestyle with an abundance of sports courts, facilities, and the iconic Dubai International Cricket Stadium.

There are tons of studios in the neighborhood. The buildings here boast contemporary and traditional architecture, and are home to perks, including swimming pools and gyms. Are you interested in these studios?

The average cost is AED 338k, but the starting price is way much lower. Some studios here come with a panoramic view of the golf course.

4. Jumeirah Lake Towers

The people on the hunt for a sophisticated luxury real estate for sale in the city can consider JLT. This establishment ranks a second spot for the most demanding neighborhood featuring cheap apartments - with reported ROI of 7.4%. Furthermore, its status as an exceptional freehold area makes it a demanding option for foreign and local real estate investors.

Image Courtesy: dayofdubai.com

This demanding mixed-use neighborhood is a venture by Dubai Multi Commodities Center - DMCC. Jumeirah Lake Towers is set around 4 artificial lakes and parkland. With a wealth of amenities and a laid-back community vibe, it has easily become a heavenly destination for families and anyone wanting to reside near the buzzing Dubai Marina. 

It's made of 26 clusters of 3 upscale and high-rise towers in each one of them. This pedestrian friendly skyscraper community comes with a popular pet-friendly park. There is a bustling variety of waterfront promenades, hospitality venues, homes, restaurants, and retail stores.

The studios here offer inhabitants a seamless access to basic recreational activities and facilities. For instance, the waterfront establishment is very near to supermarkets, pharmacies, clinics, and grocery stores. A famous retail hub nearby is also present known as Dubai Marina Mall. Hunting for a studio apartment for sale in JLT? The average cost is AED 426k.

5. Dubailand

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Apart from being a thriving tourist and residential hub, Dubailand is also known as an appealing prospect for anyone searching for a studio. The place is home to a plethora of attractions and facilities, including shopping malls, eco-tourism ventures, and theme parks. This massive hotspot by Dubai Properties was initially introduced as a 2 million square feet project consisting of commercial, residential, and entertainment facilities. Currently, the venture sprawls across 3 million square feet segmented into different districts, such as Al Waha, Al Habtoor Polo Resort & Club, Tiger Woods, Dubailand Oasis, Rukan, Layan, Villanova, Majan, Living Legends, and Falcon City of Wonders. 

Not only this, the mega-development has much more to offer as a multi-billion dirham venture like Damac Hills is under construction. It wouldn't be wrong to say that Dubailand is a city within the city.

Based on the selected apartment building, the studios for sale in Dubailand are equipped with playgrounds, BBQ pits, gyms, swimming pools, and more. The availability of furnished flats make it an extraordinary area for property investors. And if you are wondering what you will be expected to pay, studio flats in the nearby areas stand at an average AED 325k. Feel free to explore the floor plans for taking a close look at the properties.

Other praiseworthy areas where potential buyers and homeowners can find a studio apartment for sale in Dubai under AED 500k are Dubai Production City, Dubai Silicon Oasis, and Discovery Gardens. This concludes our guide on the top areas to purchase a studio flat for sale in the city under AED 500k. 

But if you are hunting for a comfy rental instead, potential tenants should instead focus on their search for the most famous areas with furnished apartments for rent in Dubai.



WRITTEN BY

Alison is a mother of two children and a full-time entrepreneur. Born and brought up in  New York (U.S.A), she is a teacher by profession, but has also worked as a waitress, secretary, nanny and done some other jobs as well.She started her career as a teacher in 2016, and in 2018 she started wr... read more


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