RENT 45000/4 CHEQUES
RENR 42000/2 CHEQUES
About International City
Please note: International City's Country Clusters
which contain thousands of apartments is one of the 60 major communities in
freehold Dubai where Lookup.ae reports quarterly prices. We track studio &
1 bedroom performance in International City country clusters and this data can
be viewed in more detail under this section's Transaction Prices and Historic
Data sections. Lookup.ae does not report prices for private developments within
International City, nor are we reporting on International City Phase 3.
- In terms of supply numbers, International City is the
largest and most affordable single housing development in freehold Dubai.
There are over 22,000 residential apartments in this community spread over
485 predominantly low-rise buildings that are built around country
clusters (e.g. England, Morroco, France etc).
- International City spans some 300 hectares and has
22,000 apartments in its residential district which is divided into
clusters of buildings – England, France, Italy, Spain, Persia, China,
Morocco, Russia, Indonesia, Thailand and Emirates.
- The residential district consists of apartment
buildings with 2, 3 or 4 floors including retail & office space on the
ground floors. There is little structural difference between buildings in
the different clusters. Noticeable differences design features which are
aesthetic rather than functional. However, some clusters are valued higher
than others due to location, inhabitants and some other factors.
- Apartments in the country themed clusters are either
studios (479 sq. ft.) or 1 Bedrooms (716 sq. ft.).
Back in 2007-2008, two major districts for International City
were announced – Lake District & Forbidden City. Both projects were
subsequently shelved due to the effects of the global and local crisis’.
- There is another district within International City
called the CBD area which consists of about 20 - 30 mid-rise apartment
buildings developed by private developers.
Observations on International City Country Clusters
- In general, the most highly sought after buildings are
Spain, England, Italy and Emirates Cluster. These buildings are more
family friendly, have better locations and are generally cleaner.
- Because of its lower price points and large number of
properties, International City consistently ranks as one of the
communities where we see the largest number of transactions in any given
- International City is very actively traded especially
with smaller investors particularly from investors based in India, Pakistan,
China and expatriates living in Dubai with smaller investment budgets.
- Many Chinese expatriates live and work in this area in
- The take-up of apartments is quite rapid, in some cases
apartments can rent within 24 - 48 hours of coming onto the market.
- There are the odd deals that come out which are below
the market, and keen investors need to be working with area experts in
order to grab these kind of opportunities.
in International City
International City is
an affordable area and is inhabited by thousands of bachelors and small
families. Many of the apartments are sub-let and shared by groups of bachelors.
These residents live and work in all parts of Dubai. Parking is not designated
and there is usually plenty of parking available for residents and visitors
around every cluster. Public transportation is available in the form of buses
hundreds of supermarkets, restaurants and other retail stores to choose from
from across the community. Nearly every building has at least 4 - 7 retail
shops on the ground floor, and the occupancy rate for retail in the community
is over 90%. The Dragon Mart, which is one of the largest trading hub for
Chinese products outside of China, is located in International City and is a
major employment driver. The center attracts thousands of visitors from across
- The extension of
Dragon Mart will revitalize International City and propel demand for housing.
- A future Metro line
is expected to run across Mohammad bin Zayed Road (and pass through
International City). While those plans were put on-hold previously, it is
likely that this infrastructure will be developed at some point in the future.