International City is at the heart of Dubai. It's a district distinguished by its captivating clusters inspired by different cultures. These unique clusters have lured investors from various nations who recognize the potential to capitalize on this affordable housing. Affordable housing is very popular in Dubai just like it is in any other city in the world, so making a real estate investment strategy centered around it is a good idea.
The blend of people living in International City has given rise to remarkable opportunities, and investors are quickly moving in to get in on this market. For example, the residential properties in China Cluster saw a recent boom in Chinese expatriates. This created a huge Demand for traditional Chinese products and services in the area. Businesses are moving in to cater to this new type of demand, and every day more of these businesses are popping up in the International City China Cluster.
In this article, we embark on a detailed exploration of the vast opportunities that investing in commercial properties in International City represents. From the vibrant fusion of cultures to the business prospects created by this diversity, join us as we uncover the true essence of International City's commercial landscape. This article will also unpack why it remains a coveted destination for astute investors seeking to embrace the charm of affordable housing while reaping the rewards of intelligent business decisions.
What is International City?
International City is a unique residential and commercial district in Dubai, United Arab Emirates.
It is known for its innovative concept of offering themed clusters, each representing different countries' architectural styles and designs. The ten clusters are:
- China Cluster
- England Cluster
- France Cluster
- Persia Cluster
- Greece Cluster
- Russia Cluster
- Spain Cluster
- Morocco Cluster
- Italy Cluster
- Emirates Cluster
The design embraces cultural diversity, with distinct neighborhoods inspired by various nations. It is a cosmopolitan hub that attracts residents, tourists, and businesses from all over the world.
Who developed International City?
International City was developed by Nakheel Properties, one of the leading property developers in Dubai. Nakheel is renowned for its iconic and ambitious projects, including the famous Palm Jumeirah and the artificial islands of The World.
How many residences are in International City?
International City in Dubai offers over 22,000 residences. These residential units comprise spacious studios and one-bedroom apartments across ten distinct and themed precincts. In addition to the diverse living spaces, residents can benefit from various sports facilities, communal green areas, and the serene ambiance of the lake.
The development is complemented by efficient community infrastructure and essential community services and stores, including affordable caféterias, restaurants, and conveniently located supermarkets.
What commercial properties can we find in International City?
In International City, you can find a diverse range of commercial properties thoughtfully designed to suit the needs of businesses and investors. These properties encompass retail spaces, offices, showrooms, and other commercial units, providing ample opportunities for various ventures.
With its strategic location and unique cultural-themed clusters, International City is a favored destination for businesses aiming to serve a diverse clientele from different nationalities. This cosmopolitan environment offers an advantage for retail and service-oriented enterprises seeking to tap into the global market.
The community development has 5,000 retail units on the ground floors of the 387 buildings. This abundance of commercial space presents exciting prospects for concepts such as cafes, restaurants, supermarkets, and essential services like laundries as well as barbers catering to the needs of the vibrant community.
What has been the performance of Commercial Real Estate investments in International City?
Commercial and Residential Real Estate properties have continuously grown in International City. In fact, for residential properties, at Stat Global, we saw a rental yield up to 10% in China, Morocco, and Russia clusters.
Regarding the rental yield for Commercial Properties, we see an 8% - 10% rental yield as well, but there is also great growth in the rental yields in International City.
The performance of these clusters (Russia, China, Morocco, and Emirates) are data to look after. By providing services, and amenities to a scattered audience, Real Estate investors have seen stable growth in their properties in Dubai.
Contact us to know specific data or if you would like a consultation talk to one of advisors directly. Don’t hesitate to book a call with a specialized agent in Stat Global. In that case, we are here to assist you in making the best decision when buying, selling, or renting properties in Dubai.