Dubai properties for under AED 1 million – an area guide for affordable investments.
If you had one million Dirhams to spare, would you invest it in a villa or apartment in Dubai? One might think there are not many options to buy residential properties under 1 million. However, you will be surprised at how many top villa communities offer properties under 1 million in Dubai, in the current market. So, if you consider becoming a homeowner or wish to invest for profit, the mid-market segment will offer a variety of affordable properties across the city. Gated communities cater to all needs and preferences. So, your next 1 million Dirhams investment could turn out to be the best decision for your wallet.
This is the ideal time to buy, as property prices are still relatively low. However, there is a strong expectation for property prices to increase, as Dubai recovers from the pandemic and hosts the Expo 2020 event on 1st October.
Dubai properties for under 1 million: Apartments
Business Bay 15th Northside
Lifestyle at 15 Northside will be worth more than a million for sure. The new residential project has ample views over the Downtown area and highlights the greatness and convenience of waterfront living.
For under 1 million Dirhams, you are sure to get top-class comfort and enjoy the best amenities. 15 Northside rises beautifully over Dubai Water Canal, boasting the finest views and best living spaces. Furthermore, you will have direct access to the Canal boardwalk with a long string of Cafes and restaurants. If you wish to chill in the infinity pool overlooking Burj Khalifa, then this building is something to consider. For AED 930,000 can buy you a one-bedroom flat, stretching over 595 sq. ft. with contemporary features and a convenient layout.
Our next nominated property for under 1 million dirhams takes us Downtown. Firstly, Downtown is “the center of now”, one of the most famous areas in Dubai. Secondly, Downtown brings you at the heart of what Dubai has to offer. From a business and tourist hub to leisure and best shopping experiences, Downtown attracts families, investors, and professionals. That is why they all seek investment opportunities in this area.
Damac Maison Prive
Damac Maison Prive is a twin-building hotel with serviced apartments. Directly overlooking the Dubai Water Canal and skyline, Prive is right at the center of all action, a few minutes away from Dubai Fountains and Marasi Marina. The twin towers offer a collection of studios along with one- and two-bedroom apartments. Similarly, residents will benefit from personalized services, including 24-hour valet, security, and maintenance on-site.
For AED 650,000, you can buy a fully furnished studio covering up to 400 sq. ft.
Jumeirah Village Circle
The freehold master development by Nakheel promises to be the “new heart of Dubai”, due to its ideal location along Sheikh Zayed Road. The community is quiet and safe, with a cozy ambiance. Furthermore, it is pet-friendly and combines a great collection of villas, townhouses, and apartments. Attracting many families and professionals, JVC enjoys a family-centric vibe with great city connectivity and leisure amenities. Some include tennis courts, parks, football pitch, and community center.
Laya Residence is a new building at the heart of JVC, comprising five storeys and a collection of one-to-three-bedroom units. The 164 apartments show attention to detail in design and layout, with overall quality finishings. The amenities at Laya Residence exude comfort and convenience, making you feel right at home. Moreso, the homes feature fitted kitchens with modern appliances, en suite bedrooms, and balconies. Furthermore, the building enjoys a shared pool, spa, gym, and ample parking. Also, pet lovers are free to bring their furry friends along.
Prices start at AED 550,000 for a one-bedroom measuring 852 sq. ft. For two bedrooms expect to pay up to AED 900,000.
Jumeirah Lakes Towers
We could simply not conclude our search for apartments under one million dirhams without including Jumeirah Lakes Towers.
The community is home to beautiful man-made lakes, a 55,000-meter park, and 26 building clusters. Similarly, each cluster is home to three buildings and offers a waterfront promenade, restaurants, and retail venues. The community is hosting a large number of supermarkets, restaurants, beauty salons, and nightlife venues.
JLT: Top affordable area
JLT is at the top of affordable areas to buy property in Dubai. Moreso, you have a choice of different layouts in a configuration of one to four bedrooms flats and studios.
The price for a studio starts at AED 670,000 and the property covers around 450 sq. ft. In addition, you can buy studios in Concorde Tower, Cluster H, and New Dubai Gate in Cluster A.
One-bedroom apartments start at AED 800,000 and cover up to 800 sq. ft. The best options to buy a one-bedroom unit are in Laguna Tower, Lakeside Residence, and MBL Residences.
Dubai properties for under 1 million Townhouses
Akoya Oxygen is the most popular community to offer such property affordability, under Damac quality stamp.
Properties here are resting amongst lush green surroundings and a golf course, at the heart of a tranquil community. Akoya stretches along Jebel Ali and Al Qudra road, neighboring other popular communities such as Mudon or Reem.
Akoya promotes living in harmony with nature, utilizing energy proficient systems in alignment with eco-friendly guidelines. Additionally, properties here come with one-to-six-bedroom layouts, a backyard, and private parking. One-bedroom townhouse covers up to 744 sq. ft. and the selling price starts at AED 550,000.
Dubai South is hosting the world’s largest airport, Al Maktoum International Airport, and is the new home location for Expo 2020. Furthermore, it is a free zone area, a city within a city, spanning over 145 square meters. The urban lifestyle and the integrated ecosystem make it a hugely popular destination.
A city within a city
Dubai South contains eight different districts including Exhibition District, the Expo 2020 site, and the Residential District.
The modern townhouses at Dubai South boast lovely views over the 18-hole championship golf course. Above all, the properties offer luxury living standards at affordable prices. Dubai South offers all residents high-class amenities which they can reach within a ten-minute walk.
The metropolitan development is fully integrated. The sustainable environment is ready to accommodate over one million residents. Furthermore, if you want to be one of the million residents living in Dubai South, invest now for as little as AED 380,000. A one-bedroom apartment spanning 512 sq. ft, at MAG 5 will cost under AED 400, 000. Additionally, a two-bedroom flat will cost around AED 800,000 for 1,242 sq. ft.
Dubai properties for under 1 million: Dubailand
Dubailand could almost translate as the “Disneyland of the Middle East”. It is the world’s largest entertainment destination for themed parks, hotels, and polo clubs. Furthermore, it divides into many districts with a wide range of residential and commercial properties. An impressive collection of villas, townhouses, and apartments spread over three billion sq. ft in Dubailand. More importantly, when it comes to buying a villa under 1 million dirhams, the massive district tops the chart. Rukan, Flora, Al Waha, and Living legends are some of the sub-communities offering villas under 1 million dirhams.