What You Can Buy with AED 1 Million in the Property Market of Dubai

If someone is buying or investing in the properties located in Dubai then studios and one bedroom apartments are good options to go for. With a budget of AED 1 million or little bit more you can purchase a luxurious house in Dubai located at prime addresses having world-class amenities without costing too much. Less see some communities with less than AED 1 million properties. 

Downtown Dubai

This is one of the popular locations in Dubai where Burj Khalifa is also located because of which Downtown Dubai has become a tourist spot in UAE. Yes, with AED 1 million a buyer will not get a large apartment in this address but it can get you a well-made studio or a small one-bed apartment having all necessary amenities like swimming pools, gyms, play zones, and more which are required to live a comfortable life. 

Damac Hills 2

Damac Hills 2 is a popular location where Damac Properties have built a lot of world-class properties that have been liked by its residents. Here the surroundings are filled with man-made water bodies which attracts a lot of buyers to own a house with the open view of the community. Here a lot of properties can be found which are fit for the budget of AED 1 million. Properties like ELO were sold out quickly but looking at huge demands Damac has launched ELO 2 and ELO 3 Evergreens under AED 1 million.

Motor City Dubai 

This location is now rising as the hub of new housing projects with modern facilities. The connectivity is very good and close to commercial and entertainment streets in Dubai. AED 1 million can buy you attractive apartments built by Sobha, a popular builder working in cities like Dubai. The location is also very popular for motor activities and events. Sobha Orbis is a good choice to own a house in Dubai with AED 1 million.

Jumeirah Village Circle (JVC)

JVC has been the community of affordable and mid-priced properties in Dubai where a lot of commercial zones are also located. This location is rapidly growing and has a mix of affordability with quality. There was a period when with AED 1 million, you could also buy a two-bedroom apartment or a townhouse in this family-friendly community. JVC is in a circular shape where there are a number of parks, schools, and shopping centres, making it a convenient choice for families and individuals alike. 

Sheikh Zayed Road

Sheikh Zayed Road is the main business and residential corridor of Dubai, and its Downtown Jebel Ali section in the western part of the city is where buyers can still find new apartments under AED 1 million. This part of the road has direct metro access and connects residents to the growing western corridor of Dubai. Dubai Parks and Resorts is 8 minutes away, Expo City Dubai is 10 minutes, Dubai Marina, JBR and Jumeirah Lake Towers are 12 minutes, Al Maktoum International Airport is 18 minutes and Downtown Dubai is 25 minutes. For buyers looking at apartments on Sheikh Zayed Road within this budget, Imtiaz RAW District 2 is one of the options available.

Dubai Land Residence Complex (DLRC)

Dubai Land Residence Complex (DLRC) is an affordable to mid-market residential community within the wider Dubailand masterplan, with frontage on Sheikh Mohammed Bin Zayed Road. The community is close to the education corridor of Dubai, with Dubai Academic City only 5 minutes away. Global Village, IMG Worlds of Adventure and Dubai Silicon Oasis are 10 minutes from DLRC, while The Dubai Mall, Dubai Creek Harbour, Dubai Design District and Dubai International Airport are each 20 minutes away. For buyers searching for apartments in DLRC under AED 1 million, The Archive by Imtiaz is one of the options available.

Now let's talk about those locations where you can buy properties with little above AED 1 million but less than AED 1.5 million. Properties here are a bit more luxurious and have some extra amenities for its residents to enjoy. What makes these properties appropriate for those who have less budget is its attractive payment plan given by the developers. 

Business Bay

A popular neighbourhood to Downtown, Business Bay is also a prime address where AED 1 million can bring you a good house in a housing and commercial hub both. If you take help from a good professional then he/she can find you better offers and property with attractive pricing. Builders like Binghatti Developers and Danube Properties have launched luxurious properties here. You can go for Danube Bayz 101 which will cost more but it can be bought at an attractive payment plan.

Damac Lagoons

It is one of the posh locations in Dubai where Damac has delivered a lot of waterfront apartments with one and two bedrooms having top amenities that are available in Dubai. The community is well-planned and popular for its water style apartments having new floor plans and designs to match the taste of the buyers and residents. Lagoon Views 2 was launched by Damac with modern apartments and cost just more than AED 1 million.

Dubai Creek Harbour

Dubai Creek Harbour is another ambitious project set to attract buyers with its waterfront living in Dubai. If you can go for AED 1.1 to 1.4 million then you can invest or buy off-plan apartments which will have open views of the Creek Tower, which is going to be the tallest tower in the UAE. This area is going to see huge growth and will give good returns on property investments. This is also one of the luxurious places in Dubai.

Buying a property in Dubai is a dream of millions of people in the world and the year 2024 is a good year for those who are looking to buy a house in Dubai. Here we tried to find out what AED 1 million can buy you in a city like Dubai. The properties in Dubai are also witnessing a price rise because of the huge demands from foreigners and professionals from Dubai Housing can help to find better properties for you.