International City is one of the most affordable residential addresses in Dubai. The district comprises residential clusters designed to replicate the architectural style of housing in different countries around the world, and offers a variety of comfortable accommodation options for working individuals and families at very reasonable prices.
At the center of the clusters there is the Central Business District, a sub-community of International City. Despite its name, the community consists mostly of residential buildings with 2 and 3-bedroom apartments.
The developer’s initial plans were to construct shopping and warehouse complexes in International City when the construction of the area began in 2002. At the initial stage of construction, there were some problems with garbage disposal, but now the situation has stabilized and the area has turned into a popular place to live.
International City is divided into ten clusters, each of which corresponds to a specific country (Persia, Greece, Spain, Morocco, England, France, Italy, Russia, China and the United Arab Emirates). The design of residential buildings in each cluster corresponds to the country it was named after. The clusters are located around the Central Business District and Forbidden City.
Parking is free in most parts of International City, although not all units are provided with parking spaces for residents.
International City has no direct connection to the metro, but there are four bus routes in the area that run to the following metro stations: Al Rashidiya Metro Station, Etisalat Metro Station and Al Nahda Metro Station.
The buildings are quite dense in this area as this is a well known neighbourhood to reside in. Access to the main roads of the city are not a problem because the area is located between junctions 5 and 6 on Mohammed bin Zayed Street, though there can be increased traffic during rush hour. Providing there is no traffic, the journey to Dubai International Airport takes about 20 minutes. Mall of the Emirates, The Dubai Mall and the Burj Khalifa can all be reached in less than 25 minutes. It will take just under 1.5 hours to reach the center of Abu Dhabi.
International City is close to Dubai Silicon Oasis, Al Warqa, and Dubai International Academic City and Dubai Free Zone, Academic City and Dubailand are located in the immediate vicinity of the area. The most popular nearby tourist hotspot is Dubai Safari Park, which opened in late 2017 and is home to over 2,500 animals, reptiles and birds.
International City has a developed infrastructure, is very well established, and has everything for a comfortable life. The largest shopping center in the area is the famous Dragon Mart, which is a 1,200-meter-long mall that houses 3,950 stores. Dragon Mart is the largest shopping center for Chinese goods outside of mainland China, where one can find everything from essential goods to electronics, clothing, cars, and building materials all under one roof. A new mall with an area of 23 acres called Dragon Mart 2, was opened in 2016 and includes 1,000 new stores.
Apart from Dragon Mart, smaller versions of Lulu and Growth Mart shopping centers are available on the territory of International City. Many of the apartment buildings in the area have local stores that cater to the daily needs of residents as well as ethnic stores that sell authentic products from their home countries that are available in specific clusters as well.
There are a large number of educational institutions in International City, including Fly High Nursery and Kids World International, which are open for the youngest residents within the area. For secondary education, one can choose any of the many schools that are located in Warqa.
If you want your children to be taught by the American curriculum, pay attention to the International School of Arts & Sciences. There is also GEMS Modern Academy, which offers an Indian curriculum for students up to grade 12. If you are looking for a British programme, then Repton School is the perfect choice, as this is one of the best schools in the country.
International City is in close proximity to Dubai International Academic City, which hosts a number of prestigious international and local universities. Residents of the district can choose some of the top universities in Academic City, such as the University of Birmingham Dubai, Murdoch University Dubai and Zayed University, just to name a few.
Medical clinics are within easy reach of International City, with the closest branches including Apple Clinic, Aster Clinic and Amber Clinic.
Many apartment buildings have small pharmacies situated at the bottom of the building and both Dragon Marts have large branches of Life Pharmacy.
There are many places to try authentic dishes from different parts of the world in International City; this is what the area is famous for. The district has many dining outlets of popular restaurant chains such as Chili’s, Le Pain Quotidien and Starbucks, which are normally only placed in major shopping malls. In addition, many small local cafes and hookah bars run along the streets of International City as well.
Investing in residential real estate in this area is a fairly profitable option. Indeed, the rental market in Dubai is constantly growing, and International City attracts thousands of people with its reasonable prices. Aside from affordable housing, residents of Dubai International City enjoy a variety of its benefits, from a good road infrastructure, its wide choice of eateries and the local convenience stores. One can find a large number of different real estate, from studios to townhouses and private villas in International City.
Each cluster features properties that are very popular in the market. To date, the most popular residential cluster in International City is the British Cluster. The average rental price for a studio in International City is AED 19,000 (USD 5,200) per year, while one-bedroom apartments can be rented out from AED 20,200 (USD 5,500) to AED 36,000 (USD 9,800) annually. These apartments range from 480 sq. ft to 900 sq. ft, so there are plenty of options to cover any budget.
The apartments in International City are competitively priced, as the average selling price for a studio is USD 65,000, while a one-bedroom apartment is USD 88,000.
Based on the above, it appears that the average ROI for studios is 8.3% and 8.4% for one-bedroom apartments. This is a very good result for such a stable real estate market as Dubai.
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