Dell has decided to re-enter the flourishing Android market with two newly-announced tablets, the Venue 7 and Venue 8, which come at very attractive price points.

The 7-inch Dell Venue 7 will retail for $149.99, while the slightly larger, 8-inch Dell Venue 8 will be available for $179.99. The company has only revealed pricing details for the Wi-Fi-only models so far and has made no mention of available storage configurations. The two slates will make their commercial debut on Oct. 18 in the U.S. and select countries.

Both the Dell Venue 7 and the Venue 8 use 2GHz Intel Atom Z2760 Clover Trail processors and both tablets sport the same 1280 x 800 resolution on their respective screen sizes (7-inch and 8-inch). Both ship with the latest Android 4.3 Jelly Bean and Dell also promised to update them once Google releases the newly-announced Android 4.4 KitKat. Moreover, both slates will come pre-loaded with Dell PocketCloud app, which allows users to build their own cloud and easily manage their content remotely.

While Dell mentioned that both its new tablets will feature dual cameras (front and rear), it did not specify how many pixels they would have. The Venue 7 and Venue 8 will also come in 4G variants, but pricing for those models is not available yet.

"The Dell Venue 7 and 8 tablets are conveniently compact, yet still deliver stunning HD wide-angle viewing so others can watch," touts the company. "You'll enjoy tons of other fantastic features like mobile broadband and Intel Atom processors delivering extraordinary battery life and lightning-fast web browsing. Choose from a 7" or 8" HD screen with both front and back cameras."

With its new Dell Venue 7 and Venue 8 tablets, the company aims to compete in the smaller-sized tablet segment. This means that Dell's new slates will go up against worthy competitors such as the Google Nexus 7, Amazon's new Kindle Fire HDX, the iPad Mini and other contenders in the market.

The tablet business is increasingly competitive, but Dell's pricing, coupled with good specs and the very latest version of Android, might give the Venue 7 and Venue 8 an edge to attract consumers to its new Android tablets.