What You Need to Know About Dubai International City
Dubai International City is a bustling community known for its affordable housing areas. According to the 2019 Dubai Market Report by Bayut, International City is a popular choice of investors for buying a property. It is the 5th most popular community in Dubai for buying and the 6th most popular choice for renting apartments.
Dubai International City was launched by Nakheel in 2002 and it is famed for its low-rise country-themed clusters. It is just a short drive away from a few of the most sought-after neighborhoods such as Dubai Silicon Oasis, Academic City, and Al Warqaa.
This neighborhood offers a multicultural community lifestyle. Let’s take a look at the salient features of this neighborhood that adds to its popularity
- A bouquet of options for studios and 1-bedroom apartments.
- The building clusters are self-contained units with laundry services, supermarkets, restaurants, salons, and spas.
- Freehold properties allow ex-pats to invest and enjoy 100% ownership of their properties.
- The community has Dragon Mart 1 and 2.
Capturing the essence of Dubai as a melting pot, International City aims to offer its residents a taste of global culture in the community setting. There are 10 prominent building clusters named after different countries of the world like Italy, France, England, Spain, Greece, Morocco, Persia, China, Russia, and the Emirates. Hence the name Dubai International City.
The 10 clusters boast 500 apartments of different sizes and price ranges. Currently, the second phase of the project is under construction, however, a few units have been opened up for sale and rental. Located in the middle of the clusters is the Central Business District featuring spacious 2 and 3-bedroom apartments. Townhouses and villas are available for sale in International City, however, are currently limited to Al Warsan Village on the southwest boundary of International City.
Rental Trends in Dubai International City
International City has a plethora of studios and 1-bedroom apartments for rent. The average rent for studios is AED 23k per year. 1-bedroom apartments are available for rent in a price range of AED 25k to AED 50k annually. The average rent for 2-bedroom apartments is AED 50k in a year.
The average rent for 3-bedroom townhouses starts at AED 82k annually. It is one of the most affordable villa communities in Dubai.
Sale Trends in Dubai International City
This community has a lot to offer to investors since it has a number of freehold properties. The average asking price for studios in International City is AED 244k. 1-bedroom apartments are sold at an average of AED 352k while 2-bedroom apartments for sale start at AED 666k. Keeping in line with International City’s USP of being an affordable community, 3-bedroom apartments for sale start at AED 1.36M.
Each cluster in Dubai International City is identified by its own characteristic architecture and amenities. The popular community in International City is Phase 2, Spain Cluster, and England Cluster. Phase 2 is new construction and there are a number of off-plan properties as well since the sub-community is still under construction.
The international city is equipped with all modern amenities and entertainment venues like supermarkets, health-care facilities, schools, fitness centers, shopping malls (Dragon Mart 1 and Dragon Mart 2), restaurants, spas, salons, and so on and so forth.
The community is well connected by the bus network. The nearest metro stations are Rashidiya Metro Station and Etisalat Metro Station.
The community previously had sanitation issues where residents complained about the stink from the nearby sewage plant. However, that issue has been dealt with presently.
If you are looking forward to living in this global community, get in touch with us today!