Buying property in the most popular city in UAE has always attracted property buyers and investors from around the world! Dubai is a city with a stable economy, a very high level of security, as well as great quality of living! This has been the most loved, and traveled destination in 2023, and even going to mark the highest number of visitors in 2024, this year.
With all of that, the city promotes high standards of living, sustainable development, premium quality infrastructure, education, and healthcare as well. If you’re looking for cheap houses for sale in Dubai, it isn’t going to be just a dream! The city is going to accommodate all your needs and expectations well. Even with a high cost of living, the city gives you ample options to find cheap houses, so let’s explore the opportunities!
Dubai Property Prices | What You Should Know
Dubai has everything for everyone, be it an affordable studio or to luxurious penthouse or villa! It is ideal for people looking for cheap houses for sale in Dubai, or for wealthy property buyers searching for a home in Palm Jumeriah! However, many developers are coming up with excellent payment plans including 1% pay per month which fascinates us. So, even if you wish to buy a villa, you can choose a payment plan that doesn’t hurt your pocket.
Multiple factors will affect the pricing of the development which include:
If it is an off-plan project:
- Location of the property
- Developer’s Goodwill
- Facilities and Amenities
- Connectivity & Commuting
If it’s a secondary property:
- Condition of the property
- Negotiation Skills
- Developer’s Goodwill
- Location of the property
- Facilities and amenities
ONLINE PROPERTY PORTALS
In Dubai, one of the fastest and smartest ways to find affordable properties is through online portals. These are the platform that gives potential buyers the option to choose from multiple properties available in the desired location of your choice! Utilizing online portals gives a comprehensive market analysis of the cheapest areas, price per square feet, features, and so on. You can gain a realistic feel of the property virtually through high-quality images and virtual tours as well.
Through online portal filters, you can select the desired budget, location, number of bedrooms, property type, and so on. Online portals also provide valuable insight into market trends, supply and demand, and upcoming new launches! This way, you can stay updated with the trend, and find the house that meets your requirements.
REAL ESTATE AGENT
With the high demand for properties, new projects, as well as new developers launching in Dubai, choosing the right one can be intimidating. The best way to navigate throughout the city is by engaging with a real estate agent! They have expert knowledge, they know the upcoming launches, they understand payment plans, and can guide you thoroughly.
Professional agents can help you find houses in areas that have affordable options for you, and can fit your pocket too! Their local expertise, strong connection with developers, as well as knowledge of mortgages will let you make an informed decision. They are pro at negotiation too, so they can secure the best possible price for you.
Off Plan Properties
For those who don’t know, Dubai is booming with properties, and developers from around the world are coming up with their new launches in the city! Investing in off-plan is a smart way to get your hands on affordable homes for long-term saving. For that, you require patience to wait for the property to get built up! Since the properties are sold pre-construction, you can purchase them at a lower cost, and enjoy a payment plan that fits your needs!
The developer offers an installment option, a 1% payment, and a mortgage solution to get an expensive house at a cheaper price! So, you don’t need to have immediate funds, or full payment upfront, you can relax and pay monthly. For construction property, you have the option to select its finishing, fixture, layout, color, and personalize your home! You need no cost for renovation, interior designing, or remodeling, so you save costs here too!
Choosing the Right Neighbourhood
If you are looking for cheap houses for sale in Dubai, find the location first! There are many underrated localities, communities, and neighborhoods offering value for money. No doubt, if you look out for properties in Downtown, Palm Jumeriah, or Emaar Beachfront you will find luxury homes with expensive price tags! However, explore neighborhoods like Dubai Silicon Oasis, International City, and even Discovery Garden with amazing affordability!
They are a little far away from the city, with bus and metro connectivity, and a few lacking amenities, but it isn’t a concern! Dubai is surrounded by multiple malls, gardens, and recreational places that you can visit easily and have the time of your life! So, when choosing a desirable location, have a checklist ready for you and point out those elements that you want in a community! Once you have created the list, simply check if the locality you pick meets your needs, and if it does, find an apartment there.
Finding cheap houses for sale in Dubai is not a big task at all! Even with all the luxury, opulence, glitter, and glam, Dubai is home to people of all kinds, types, budgets, and needs! You can discover that there are budget-friendly options that will fit your pocket just the way you want! Only knowing who can help you figure out how to buy the property, and guide you throughout the buying journey, will help you land your ideal home.
The first thing to do is fix a budget and choose a number that can help you get going so you can do your research online or through someone. So, now that you know everything, make sure you do your research and find the right apartment for you. Happy buying!