So, you’ve got a million Dirhams and you’d like to invest in the UAE property market, specifically villas. Well, you’ve come to the right place. Today, Bayut will explore where you can get the most bang for your buck in the UAE with AED 1M. Read on to discover what you can get with AED 1M in Dubai, Abu Dhabi, Sharjah and Ajman – and the best areas with villas for sale in the UAE for AED 1M.
Eager to get the most space with your AED 1M? Then consider investing in Ajman, where a million Dirhams can buy you a 5-bedroom villa with a roomy 3,550 sqft. This would be ideal for large families looking for their dream home in the UAE. The cultural hub of Sharjah takes the next spot on the list. In Sharjah, AED 1M can get investors a 3-bedroom villa with a comfortable 2,164 sqft. It’s a great option for those who want to save money as they can live in Sharjah and work in Dubai.
But if you’re someone who loves the glitz and glamour, then AED 1M can get you a 3-bedroom villa in Dubai too. Although, these villas come with a smaller space of 1,703 sqft. Bayut’s Dubai Q3 Property Market Report 2018 shows that property prices are softening across the market, so now could be a great time for you to invest. For those who want to make the capital of Abu Dhabi their home, they’ll find their AED 1M can buy them a generously-sized 2-bedroom villa with 1884 sqft. Families seeking a more relaxed lifestyle will find Abu Dhabi an excellent option for themselves.
TOP AREAS WITH VILLAS FOR SALE IN the UAE FOR AED 1M
Looking for villas for sale in Dubai for AED 1M? Head to Dubailand, the city’s most ambitious mega-project. It’s quickly becoming popular with those looking to invest in off-plan villas in Dubai under AED 1M! This mammoth off-plan development in Dubai will span an area of 3 billion sqft, encompassing apartments, villas and townhouses, as well as entertainment facilities, sports attractions and themed districts around the Mall of Arabia and IMG Worlds of Adventure. For investors, there are plenty of off-plan villas for sale in Dubai for 1 million Dirhams in Dubailand.
Some of the best areas to invest in Dubailand include Living Legends by Saudi Arabia-based developer Tanmiyat Group. The first phase of villas and apartments has already been handed over, and the development boasts a 9-hole golf course along with a range of amenities. The marvellous mix of tourist attractions and residential properties at Falcon City of Wonders also makes it an excellent option for investors. The sale prices to buy a villa at Dubailand start at AED 900K, as per Bayut’s current listings.
Abu Dhabi: Hydra Village
Investors seeking a high return on their investment in Abu Dhabi, should turn to Hydra Village. This development is located on the Abu Dhabi-Dubai border, and sits right off the E11 highway. According to Bayut’s Q3 Abu Dhabi Property Market Report 2018, Hydra Village ranked as one of the top areas in Abu Dhabi with Highest ROI for Villas. Hydra Village is home to 2 and 3-bedroom townhouses and villas for sale in the UAE. It’s also close to other new developments like Al Raha Beach, Al Raha Gardens and the entertainment hub of Yas Island. With an array of amenities including pools, gym, squash courts and lush green spaces, Hydra Village is a self-sustaining community that is an ideal option for investors.
Hydra Village is a leasehold development, meaning expatriates can purchase property on a 99-year lease. So, if you’re looking for houses for sale in the UAE, the sale prices to buy a villa at Hydra Village start at AED 825k, as per Bayut’s current listings.
Sharjah: Al Sabkha
Al Sabkha emerged as the top area in Sharjah with villas for sale under AED 1M, for investors who enjoy the cultural centre of the UAE. Al Sabkha is home to 3 to 7-bedroom villas for sale in the UAE, a great option for larger families. Parents will also benefit from the proximity to a number of well-known schools in Sharjah, thus avoiding long commutes. Al Sabkha is a short distance from Al Majaz, Sharjah’s premier leisure destination. It’s a 20-minute drive from the Sharjah International Airport, too. The sales prices for villas in Al Sabkha start from AED 580k, as per Bayut’s current listings.
Ajman: Al Rawda
To round up the list, Al Rawda takes the top spot in Ajman for the top area with villas for sale under AED 1M. For those who want affordable villas for sale in the UAE, there are so many reasons to invest or buy your home in Ajman. This emirate has generously-sized villas for reasonable prices – Bayut’s research above revealed it’s possible to get a 5-bedroom villa for AED1M in Ajman!
Divided into three districts – Al Rawda 1, 2 and 3 – Al Rawda is a calm neighbourhood with a traditional vibe. Families living here will have amenities like schools, hospitals and supermarkets in the vicinity. The City University College of Ajman is nearby, and so is the Al Tallah Racecourse, which hosts the popular Camel Festival. And contrary to popular opinion, Ajman has plenty of leisure activities with crystal beaches, staycation hotels and family-friendly parks. The emirate’s increasing popularity even means that many people are now living in Ajman and working in Dubai, which results in high savings for them. Eager to invest in Ajman? The villas for sale in Al Rawda start from AED 900k, as per Bayut’s current listings.
And that brings an end to the best villas for sale in the UAE under AED 1M. Bayut’s insights into the UAE property market should help you make an informed decision about your investment. For more updates of the UAE real estate market, follow MyBayut, the best UAE property blog!
Cover Image Credits: Hydra Properties