Properties for Sale in International City

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 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.

Economic Benefits

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.