Affordable apartments in the UAE present an opportunity to purchase overseas real estate while saving on budget. Many foreign citizens are interested in buying inexpensive housing in the Emirates. The favorable climate, combined with high safety levels, clean beaches, and rich cultural heritage, makes this country a popular place for investment and permanent residence. If you are looking for affordable real estate in the UAE, check out the options in Alira’s catalog. We offer housing to suit any request and provide a full range of services for organizing a purchase/sale transaction.
Advantages of Purchasing Apartments in the UAE
The Arab Emirates is an excellent place for living and capital investment. There are numerous reasons to buy apartments here:
- Comfortable Living Conditions: All cities in the UAE feature well-developed infrastructure and high levels of service. Shops, schools, hospitals, entertainment, and sports centers are always within walking distance from your home.
- Tax-Free Investments: When purchasing property, the owner does not have to pay taxes on real estate, added value, capital gains, or other fees.
- Wide Range of Properties: Even at a low cost, you can find quality housing in the Emirates for living or renting out. Options include seaside apartments or those in gated communities, compact studios or spacious apartments, in ready or under-construction buildings.
- Low Crime Rate: Local authorities strictly enforce laws, and streets are monitored by cameras. The UAE is one of the safest countries in the world, where you can live peacefully with your family and raise children.
- Residency by Investment: When purchasing property worth at least 750,000 AED, foreigners are granted a 2-year residence visa. Buying an apartment worth 2 million AED or more can qualify you for a 10-year Golden Visa.
Best Places to Buy Affordable Apartments in the UAE
A cheap apartment for sale in the UAE can be found in almost any city. The most popular locations include:
- Dubai: A major metropolis with grand skyscrapers and excellent beaches. Active construction of new residential complexes provides buyers with many options. The city attracts high-class real estate, a wide range of entertainment, and well-developed infrastructure. The most affordable housing options are found in areas like Deira, Jebel Ali, and International City.
- Abu Dhabi: A city closely associated with luxury and a bustling business life. Many foreign entrepreneurs and young professionals come here, making real estate a good source of rental income. Although it may initially seem that affordable housing is scarce in this glamorous metropolis, many cheap apartments in the UAE are available, mainly in areas outside the center, such as Musaffah, Khalifa City, and Al Maktoum.
- Sharjah: The third-largest emirate with high-rise buildings and numerous attractions. Often called the capital of Arab tourism, the city fully reflects the traditions and lifestyle of Islamic culture. If you plan to buy affordable property in the UAE, Sharjah offers a variety of housing options. The most budget-friendly properties are in areas like Al Taawun, Muwaileh, and Al Nahda.
- Fujairah: The only emirate located on the Gulf of Oman, known for its picturesque nature, extensive mountain plateaus, and excellent beaches. With a major seaport, the city attracts many entrepreneurs. Income can be generated from both short-term and long-term rentals. The best areas for buying affordable real estate are Dibba Al-Fujairah and Al-Badia.
- Ras Al Khaimah: A small and cozy emirate in the northern part of the country. Besides oil extraction, locals sustain themselves through tourism, agriculture, and fishing. Housing prices here are among the most affordable in the Emirates. The best deals on cheap apartments for sale in the UAE can be found in areas like Mina Al Arab and Dafan Al Nakheel.
- Ajman: A compact emirate near Sharjah, primarily developing through tourism. Apartments here are highly profitable and affordable. For purchasing inexpensive rental properties, consider areas like Al Rumaila or Al Helio.
Prices for Affordable Apartments in the UAE
You can find a cheap flat for sale in the UAE on both the secondary and primary markets. These are typically small-sized units located away from the beaches, often sold with finishing touches and sometimes with built-in kitchens. Apartment prices can vary based on numerous factors, including the size of the property, the number of rooms, the presence of furniture and household amenities, the floor level of the building, and the city or emirate where the residential complex is located.
Investing in Apartments in the Emirates
Many foreign citizens purchase apartments in the Emirates with the aim of earning passive income. Property can always be resold at a discount or rented out, making it a profitable investment. The high return on investment from acquiring real estate is ensured by the stable currency exchange rate in the country, the constant increase in property prices, and the active development of urban areas. The average income for an apartment owner from long-term rentals is about 6-7% annually, while short-term rentals can yield up to 8-10% per year.
Advantages of Collaborating with Alira
Alira agency will help you acquire comfortable housing in the Emirates on favorable terms. We take an individual approach to each client and guarantee numerous advantages in collaboration:
- Comprehensive Services: We offer a full range of services in one place, from buying/selling properties to helping find tenants and managing real estate post-purchase.
- Flexible Client Interaction: We provide the opportunity to select housing according to your preferences and parameters.
- Professional Services: Our company employs qualified staff who deliver high-quality services.
- Regularly Updated Listings: Our updated database of apartments in the UAE makes it easy to find the right property with a well-thought-out sorting system on our website.
- Informative Resources: We provide a lot of useful information, market statistics on UAE real estate, and the latest news.
Contact Alira agency for a safe and quick purchase of affordable apartments in the UAE. Our catalog offers a diverse selection of properties located in prestigious areas, close to beaches and urban infrastructure. Our staff are ready to handle all the tasks involved in completing the transaction. We will help prepare documents, provide qualified consultations and legal support, and offer post-sale services. For more information on apartments in the Emirates and their purchase conditions, contact our staff via email at info@alirarealestate.com or by phone at +971 (588) 337 and +7 (986) 927-73-77..