Jumeirah Village Circle and Al Furjan, the two most affordable communities in Dubai to rent a villa, 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.
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.