Spain Cluster
About Spain Cluster
Spain Cluster is one of the 10 residential communities of International City in Dubai, built by Nakheel on the west side of Sheikh Mohammed Bin Zayed Road. The community consists of several 3 and 4 storey buildings with traditional Spanish architecture and features low roofs, bright peach façades with moldings and arched windows.
The Spain Cluster collection of properties are studios and apartments with 1 and 2 bedrooms. The minimum size of studios with 1 bedroom and 2 bathrooms is 69 square meters (743 square feet), and the cost of residential properties start from AED 335,000 (USD 85,000). All residences have built-in closets, equipped kitchens and bathrooms, and most apartments have balconies.
*The price is valid for 2020
Residents are provided with a variety of services and amenities for a comfortable stay, including:
- parking spaces;
- high-speed elevators in each building;
- video surveillance;
- central air conditioning system;
- gyms;
- children’s and sports grounds;
- lobbies and concierge services;
- restaurants and recreational facilities nearby.
The Location of the Spain Cluster
The Spain Cluster community is located in the International City community, close to the famous Dragon Mart, large Chinese market and the surrounding developed areas of Dubai, Silicon Oasis and Academic City. Bus stops for International City Civil Defense and International City Police Station are a 5-10 minute walk from the complex. The nearest subway stations, Rashidiya, Emirates and Creek can be reached in 10-15 minutes. Majelan Al Madina Supermarket and Friendly Supermarket are located in the Cluster and Sheikh Mohammed Bin Zayed Road, near where the community is located, provides residents with quick access to major facilities in Dubai including:
- DXB and Al Maktoum airports in 15 and 35 minutes;
- Palm Jumeirah in 30 minutes;
- Burj Al Arab in 30 minutes;
- The Walk JBR and La Mer in 35 and 30 minutes;
- Dubai Mall / Burj Khalifa / Dubai Fountain in 20 minutes.
Return on investment
Spain Cluster residences, like properties in other International City communities, are reasonably priced and attract investors. The ROI for studios averages 9%, the ROI for 1-bedroom apartments reaches 9.1%, while 2-bedroom residences have an average 6.5% return on investment.
The average price for a 1-bedroom apartment is AED 335,000 (USD 85,000) and it is possible to rent it out at AED 25,000 (USD 6,321) per annum. In addition, International City is a project of the company Nakheel, whose real estate can be purchased in full ownership (freehold status).
*The price is valid for 2020
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+971 4 428 6111
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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