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Property for sale in International City
The property in International City for investment and living was created by the real estate developer Nakheel. The 800-hectare area consists of 10 clusters, which are named after different countries of the world. The community has townhouses, low- and medium-rise residential complexes with apartments in Dubai.
A significant part of the properties in International City, UAE, have been put into operation. Most of the studios and residences are put up for sale in the Equiti Apartments Phase 2 and Lawnz by Danube projects. The property in International City have interior decoration, plumbing, built-in wardrobes and kitchen sets. The apartments include balconies, and some residences have staff rooms. There are various amenities: swimming pools, playgrounds and barbecue areas. The projects have concierge and security services.
Souk Al Warsan Townhouses and Warsan Village consist of 2-bedroom townhouses. These projects are ideal to purchase property here. The houses are equipped with balconies and private parking. There are club centres, children's areas, gyms, swimming pools and tennis courts in the villages.
Real estate in International City for expats is under construction in Olivz Residence and Petalz. These residential complexes by the Danube developer consist of cosy studios and 1-2-bedroom apartments. The buildings is planned to be completed in 2024-2025.
The cost of property in International City is lower than the emirate average, so the area is attractive to buyers. The starting property prices in International City are:
- AED 560,000 ($152,500) per studio and 1-bedroom flat;
- AED 669,500 ($182,500) per 2-bedroom apartment;
- AED 1.4 million ($381,000) per 3-bedroom house.
The total amount may change, so it is worth discussing all the details with your agent before concluding a good deal.
Lifestyle in International City
The district offers residents a measured pace of life suitable for young families and professionals. The clusters are made in different styles inspired by the architecture of Arab, European and Asian countries.
The major E 311 and E 44 highways run along the community, which provides good transport accessibility and connections to other city’s parts. The downtown and DXB International Airport can be reached in 20 minutes by car, and Jumeirah Resort is a 25-minute drive away. There are bus stops for residents who prefer to travel by public transport.
The area is home to Kids World, Chubby Cheeks and Gingle Kids kindergartens and HealthHub, Right Health, Medlite and Aster medical centers. Schools are located in the neighbouring communities of Al Warqa and Nad Al Sheba. Universities can be found in Academic City, which can be reached in 10 minutes by car.
There is the Dragon Mart shopping mall and Union Coop, Nesto and LuLu hypermarkets in the district. Residents can discover a wide selection of cafes and restaurants as well. You can spend your leisure time at the Novo cinema or in the simulator of the MyGolf golf club.
Ras Al Khor Nature Reserve is 20 minutes away, where pink flamingos live in winter. There are many other rare species of birds, insects and fish. To spend time in nature, you can also visit Mushrif Park, which has hiking and cycling trails.
Dubai Safari Zoo is perfect for family activities. The territory is divided into 5 zones, home to about 3,000 species of animals: elephants, lions, giraffes, bears, leopards, hippos and zebras.
Investment real estate in International City
There are multiple reasons why Dubai is a favoured destination for investors. The emirate is well-known for its steady economy, cutting-edge technologies and generous salaries. There are many cultural, entertainment and sports centres that will appeal to adults and children.
This new district has become the emirate’s most sought-after part to purchase inexpensive residences in 2023. However, during the first quarter of 2024, apartments experienced an average price increase of 5.6%, while villas saw a rise of 3.2%. The value of property for sale in International City per 1 m² grew by 4.33% to AED 10.645 ($2,900), and apartments by 1.5%, reaching AED 5,554 ($1,500). Due to the increase in prices, investment real estate in International City is perfect to be resold as beneficially as possible.
The neighbourhood is one of the top choices for affordable apartment rentals. The value of buying property in International City for foreigners increased by an average of 10.7% in 2023. There are also high rates of return on investment: 8.1% for apartments and 8% for townhouses.
The rental prices of properties for sale in International City start at:
- AED 23,000 ($6,500) per studio;
- AED 31,000 ($8,500) per 1-bedroom flat;
- AED 47,000 ($13,000) per 2-bedroom apartment;
- AED 105,000 ($28,500) per 3-bedroom house.
Buying off-plan property in Dubai is viewed as a more appealing choice: as of February 2024, 60% of transactions were made with off-plan properties. Such projects cost less than ready-made ones, and their price may increase by 10– 30% for all stages of work. Therefore, it is possible to consider complexes in the area to conclude the most profitable deal.
Foreigners can buy property in International City in full ownership, as it is a freehold area of the UAE. Overseas investors will be able to get a 2-year visa for a deal of AED 750,000 ($204,000). It is necessary to purchase one or more residences with a total value of at least AED 2 million ($544,500) to obtain a 5-year residence permit.
It is profitable to buy property in International City
The website offers topical projects from real estate agencies and developers with extensive experience in the UAE market. The online-platform contains apartments and villas in Dubai from different sellers, so you can compare several similar housing units at the most competitive prices. Go to the catalogue to use the convenient search option by value, real estate type and location. You can also leave your contacts, and an expert will pick up real estate for sale in International City that meets all your requirements.