Hi Roy,
I too have been looking for opportunities in Dubai, I know a few years ago you would have been able to secure apartments with this budget, but now after a lot of development and housing appreciation you will be very lucky to find any half decent studio within this budget. I would suggest you do one of two things, if you are looking for investment purpose's consider a few of the other Emirates where you can still get very good returns within a budget of 40-60k or increase your budget.
Regards
Paul... P.S If you want any other guidance private message me and I may be able to point you in the right direction.
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