Elegance, comfort and enjoyment – Dubai is all about this, making it a top destination for expats and locals. The emirate has properties for every preference, from affordable apartments to luxurious villas. Do you want to buy an apartment under AED 1.5M in one of the best areas in the emirate? Let’s explore our top five apartment picks in Dubai under AED 1.5M.
- 1-Bed Apartment in Elevate by Prescott, Arjan
- 1-Bed Apartment in Reva Residences, Business Bay
- 1-Bed Apartment in Icon Tower 1, JLT
- 1-Bed Apartment in Wilton Park Residences, MBR City
- 4-Bed Apartment in Verdana, Dubai Investments Park
- FAQs
Popular Apartment Picks in Dubai Under AED 1.5M
From waterfront communities to city centre neighbourhoods, Dubai offers a diverse range of property options. If you want to buy a property within a budget of AED 1.5M, there are multiple options available.
From furnished properties to under-construction ones, consider our top 5 apartment picks in Dubai.
1. 1-Bed Apartment in Elevate by Prescott, Arjan
Arjan in Dubailand offers a comfortable lifestyle where everything is a stone’s throw away. A new off-plan project in this area is Elevate by Prescott, located close to top business hubs in Dubai. Our first property pick under AED 1.5M is a 1-bed apartment for sale in Elevate by Prescott. It is a stunning and spacious apartment overlooking a pool.
Property Details
- 1 bedroom
- 2 bathrooms
- 1 study room
- 777 sqft
- Ground floor
- Pool view
- Balcony
- 1 parking space
- Under construction
Location
Elevate by Prescott, Arjan, Dubailand
Developer
Prescott Real Estate Development
Features and Amenities
- 24/7 Security
- Swimming pool
- Gym
- Kids’ play area
- Sauna
- BBQ area
- Gaming zones
Property Price
AED 1M
Delivery Date
March 2025
Payment Plan
50/50 with 20% down payment
2. 1-Bed Apartment in Reva Residences, Business Bay
Own a 1-bed apartment in DAMAC Properties’ iconic project, Reva Residences. Located in the flourishing Business Bay, this fully furnished apartment stands out for its prime location. The neighbourhood is in proximity to Downtown Dubai and Sheikh Zayed Road.
Reva Residences has an average rental yield of 7.8%, making this apartment ideal for investment. Additionally, everything from supermarkets to schools is a stone’s throw away. Explore this apartment for sale in Reva Residences to embrace a convenient lifestyle in the bustling part of Dubai.
Property Details
- 1 bedroom
- 1 bathroom
- 472 sqft
- Living and dining area
- Modern kitchen
- Balcony
- Parking
- Ready to move
Location
Reva Residences, Business Bay
Developer
DAMAC Properties
Features and Amenities
- Kids’ play area
- Steam and sauna rooms
- Temperature-controlled swimming pool
- Wellness area
- Outdoor courtyard
- BBQ space
- Gym
Property Price
AED 1.12M
3. 1-Bed Apartment in Icon Tower 1, JLT
Another popular apartment to buy under AED 1.5M is a 1-bedroom apartment for sale in Icon Tower 1. With its location in Jumeirah Lake Towers (JLT), the apartment overlooks pristine lake views and lush parks.
Buying this property gives close access to JBR Beach and Dubai Marina. Additionally, it is located in Icon Tower 1, a pet-friendly residential development.
Property Details
- 1 bedroom
- 2 bathrooms
- 737 sqft
- Balcony
- Lake view
- Ready to move
Location
Icon Tower 1, Cluster M, JLT
Developer
Mazaya Holding Co.
Features and Amenities
- Shared pool
- Security
- Covered parking
- Lobby
- Jacuzzi
- Barbecue area
- Concierge services
- High-speed elevators
Property Price
AED 1.15M
4. 1-Bed Apartment in Wilton Park Residences, MBR City
Are you looking for a pet-friendly residential development in Dubai? Consider this 1-bedroom apartment for sale in Wilton Park Residences. It offers a cosy, comfortable and luxurious lifestyle with access to entertainment options.
With a focus on natural lighting, the interior has elegant furnishings and a modern open-plan layout. Whether you want to move with family or your little furries, consider this apartment in MBR City.
Property Details
- Studio apartment
- 1 bathroom
- 541 sqft
- Balcony
- High-quality finishings
- Ready to move
Location
Wilton Park Residences, MBR City
Developer
Ellington Properties
Features and Amenities
- Open-plan living area
- Gym
- Swimming pool
- Indoor play areas
- Green spaces
- Entertainment venues
- Outdoor play areas
- Grill area
Property Price
AED 1.25M
5. 4-Bed Apartment in Verdana, Dubai Investments Park
Verdana, the iconic project by Reportage Real Estate has turned all heads up with its budget-friendly property options. As a gated development, it features 4-bed apartments starting as low as AED 1.3M. Our top pick is a 4-bedroom apartment for sale in Verdana, featuring spacious interiors.
Located in a gated community, it is ideal for families, couples and individuals. Moreover, the apartment is close to some top attractions in Dubai such as Burj Khalifa, Palm Jumeirah and The Dubai Mall.
Property Details
- 4 bedrooms
- Maid room
- 6 bathrooms
- 3,300 sqft
- Under construction
Location
Verdana, Dubai Investments Park
Developer
Reportage Real Estate
Features and Amenities
- Cycling and jogging trails
- Dining outlets
- Fitness centre
- Gym
- Health care centre
- Infinity pool
- Parks and leisure areas
Property Price
AED 1.3M
Delivery Date
December 2025
Payment Plan
10% down payment and 90% during construction
FAQs
Some best areas to buy properties in Dubai include Dubai Marina, Downtown Dubai and Palm Jumeirah.
The average rental yield in Dubai is 5.27%, however, it can range from 4% to 8%. Discover the ROI of different communities in Dubai on Data Guru.
Expats can own property in designated freehold areas in Dubai such as Al Barari, Al Furjan and Al Warsan. This gives them complete ownership rights to the property.
That was a wrap-up of our top apartment picks in Dubai that you can buy under AED 1.5M. Your dream lifestyle is a few taps away, contact and book a property visit to find your ideal home.
For more property options, browse the listings of apartments for sale in Dubai. Additionally, you can explore the best new projects in Dubai for investment purposes.
