Although development is rapidly overtaking Deira and the area around Dubai Creek, the ancient core of the city still offers the best range of budget accommodations. The Hilton Dubai Creek has beautiful rooms and suites, a few nice dining options, creek views, and rates usually starting at just over $100 a night.
The Ibis Deira City Centre isn’t on the creek, but it’s clean, very inexpensive, and in a good location for sightseeing and exploring the historic area.
The Ambassador Hotel is another good budget option in the Dubai Creek area. This Indian-owned hotel has many Indian guests and is known for its great Indian food. Historic Deira and the Dubai Creek are both only a short walk away.
A great budget option in the Downtown Dubai area is the Roda al Murooj. This large, resort-like hotel has spacious rooms and an excellent pool but also great prices. It puts you close to sightseeing spots like the Burj Khalifa and the Dubai Aquarium.