Cheap properties for sale in the UAE are the choice of a large number of home buyers and real estate investors in this country. For those who are UAE residents, owning a house helps to avoid huge amounts of annual rent. And for real estate investors, investing in these kinds of properties can guarantee a constant source of rental income or some amounts of profit with relatively lower amounts of budget. If you are also interested in these kinds of home in the UAE, reading this article will help you gain a deeper insight into the market. So, do not miss the rest of the text…

What are pros and cons of investing in cheap properties in the UAE?

Investing in cheap properties in the UAE has its own pros and cons that you should know about. Lower prices can be good or bad depending on your situation and requirements. Below there’s a list of advantages and disadvantages of buying cheap properties in the UAE. Read them carefully to find out if purchasing these properties is a wise decision for you or not:

Advantages of buying cheap houses for sale in the UAE

These are the natural benefits of owning a house or investing in the UAE real estate that will come to you regardless of the price of your property. Here are some of these advantages:

• 20% profit for off-plan properties
• Having a constant source of rental income
• Not having to pay annual rent (if you don’t own a house)
• Tax-free property ownership
• Tax-free property investments
• Incredible economic growth
• Stable currency of the UAE
• Flexible installments without interest
• Post-handover payment plans

Disadvantages of buying cheap homes for sale in the UAE

On the other hand, buying cheap homes has some disadvantages as well. Below, some of them are listed:

• Not being eligible for UAE residency (for non-residents)
• Lower profits (compared to luxury properties)
• Lower rental income (compared to more expensive properties)

What are affordable areas/cities to find cheap properties in the UAE?

Cheap properties for sale in the UAE can be found in some parts of Dubai, as well as in other emirates. These emirates include Sharjah and Ajman that give you the chance to live near Dubai and its amenities, but with much more affordable prices. Below, you can find information over affordable areas of Dubai and properties in Ajman and Sharjah:

Affordable areas of Dubai to buy flats

Cheap flats in Dubai are mostly located in suburban developments of Dubai. Here are some of these areas that you can search flats based on your budget:

• Dubai South
• Dubailand
• Jumeirah Village Circle
• Jumeirah Village Triangle
• Al Furjan
• Al warsan
• Dubai International City
• Dubai Investment Park
• Dubai Studio City

Affordable villa communities in Dubai

If you need bigger spaces than flats, then villas and townhouses are better options. Here are some Dubai developments in which you can find cheap houses:

• Damac Lagoon
• Arabian Ranches III
• Damac Hills 2
• Reem community
• Emaar South
• Town Square

What are the cheapest properties in the UAE for sale?

By far, you probably want to ask what the cheapest properties in the UAE are by name. Here are some of examples in each emirate of the UAE along with explanation for each:

Cheap properties for sale in Dubai

First of all, you should know that off-plan properties for sale in Dubai are usually more affordable than ready ones. Either your choice is, there are some areas in Dubai in which you can find apartments for sale in Dubai and villas for sale in Dubai in much more affordable prices. Below, you can see some of these areas for each category:

Cheap apartments for sale in Dubai

Some of the cheapest flats in Dubai include:

• The Pulse Residences
• J One Residences in Dubailand
• Equiti Residences in Al Furjan
• Elitz Apartments in JVC
• Cloud Tower in JVT

Cheap villas for sale in Dubai

Affordable homes in Dubai can be found in the below projects:

• Monte Carlo Townhouses by Damac
• Expo Golf Villas by Emaar
• Maha Townhouses by Nshama

Cheap properties for sale in Sharjah

Whether you are interested in Sharjah villas for sale or flats for sale in Sharjah, you can be sure that you can own a home in much more affordable prices than in Dubai. Here are some examples of these properties:

• Hayyan Villas in Barashi
• Boulevard 3 Apartments in Aljada
• Kaya Villas in Massar
• Sendian Villas in Massar

Cheap properties for sale in Ajman

Ajman is also the neighboring emirate to Sharjah, where you can buy cheap properties. You can live in this peaceful emirate, and easily commute to Dubai when you need to be there. It is interesting to note that you can be in Dubai in less than even 30 minutes from Ajman. Here are some examples of affordable projects in Ajman:

• Ameera Tower
• Ajman One Tower
• Orient Tower
• Oasis Tower
• Gulfa Tower

How much are the cheapest property prices in the UAE?

To answer this question, it is important to clarify which emirate of the UAE we are talking about. The cheapest property prices in the UAE can be found below for each specific emirate:

Cheapest property prices in Dubai: the minimum price you need to pay for a studio unit in Dubai is AED 450,000. You need to spend at least AED 550,000 for 1-bedroom units and AED 900,000 for 2-bedroom units. The minimum price for the cheapest villas in Dubai is AED 1.5 million.

Cheapest property prices in Sharjah: You can own a studio unit in Sharjah for only AED 250,000 which is half the price in Dubai. More interestingly, you can own a villa in Sharjah with just AED 900,000!

Cheapest property prices in Ajman: To own a studio unit in Ajman, you need to have at least AED 200,000. But what make the real estate market of Ajman appealing are long-term payment plans for ready properties. This makes these properties even more affordable!

Dxboffplan is here to get you the cheapest properties in the UAE!

After reading the above text, you can decide if these kinds of properties are suitable for you or not. If you are interested in cheap properties for sale in the UAE, the Dxboffplan Real Estate team is ready to provide you with 100% FREE consultation and all the knowledge over properties in each emirate. We also book your desired unit in the shortest time possible. We are online on WhatsApp. Let’s start chatting right now!