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What can you buy in Dubai with USD $500,000

No need for the currency converter here, we’ll let you in some of the residential developments that are priced within a USD $500,000 budget and can help you obtain a Golden Visa.

As Dubai continues to gain international attention for its real estate boom and plenty of eyes on property listings, it can get confusing trying to calculate just how many UAE Dirhams make up a US dollar, so we thought we could help with some currency conversion.

Buying UAE real estate with US dollars

Since 1997, the UAE Dirham just so happens to be pegged to the US dollar at a rate of 1 US dollar to 3.6725 AED. The reason for this is that the UAE government can reduce the volatility of its exports. When buying a home, many property developers and sellers accept receiving payments in UAE dirhams or US dollars.

UAE Golden Visa: How much do you need to invest?

The UAE government recently simplified the process to obtain a golden visa through property investment in Dubai. You have the opportunity to buy off-plan properties and get a mortgage and an investment amount of AED 2 million.

And with AED 2 million working out to be approximately USD $550,000, the following development projects might just be right up your alley.

Samana Mykonos

Developed by Saman Developers, Samana Mykonos offers luxury studios, 1, 2 & 3 bedroom apartments with a swimming pool, based in Dubai Studio City. The project aims to bring Greece to Dubai with high-end crafted exterior, lush greenery and water features

This Grecian hideaway is in close proximity to some of the major landmarks, such as Palm Jumeirah and Dubai Marina.

Handover: Jun 2025

Two-bedroom apartment starting from AED 1.5 million

Elvira by Emaar

A luxury two-tower development, Elvira by Emaar is located in Dubai Hills Estate. In total, there are 892 properties, from 1-3 bedroom apartments with large balconies, 3-bedroom townhouses and 3-bedroom duplexes with spacious terraces.

Each unit boasts large windows for natural light throughout the day and open-floor living. will allow you to realize all your interior dreams. You will also get access to a swimming pool for adults and children, a multi-function room, as well as a landscaped area.

Handover: December 2026

Starting from AED 1.3 million

Erin Central Park at City Walk

The latest release in Central Park at City Walk, Erin is a new project that will feature 199 premium 1-4 bedroom apartments and one unique 5-bedroom penthouse with iconic Dubai skyline views.

All residents get access to stand-out amenities including a state-of-the-art fitness center, a skate park and areas for leisure and activities. City Walk is a stone’s throw away from Downtown Dubai so it is definitely a prime location in the heart of Dubai.

Handover: Q2 2026

Start from AED 1.59 million

If you’re interested in a UAE property, our expert team can help turn your plans into reality. Call us at +971 (4) 581 3616 or check out

Written by Sana Telalovic

Published on 1 February 2023

Home buying made simple

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