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Jan
10

The International City; mini-world of expats community in Dubai

Posted under Real estate by Admin

Dubai International City is a massive project stretched over 800 hectares in the outskirts of Dubai. It is an incredible community, which offers incredible business opportunities. Many amusing tourists’ attractions and selection of excellent residences apartments and studios equipped with cotemporary facilities are few attractions of The City. The master plan of the International City was conceived, planned and developed by Nakheel, the leading developer of Dubai real estate industry. It was predesigned to attract international investors, traders and expats’ community in Dubai. The residential district includes small themed communities based on different famous countries of world including Italy, Morocco, China, Spain, Greece, France, Persia, England, Russia, Indonesia and Thailand and apartments in the communities reflect the culture and ambience of these countries. In Dubai, the city which hosts 5 million leisure travelers every year, the International City is a location which no should miss to watch.

The idea of the International City was to develop as a residential community with world class facilities available at affordable rates. The Community entertains foreigners and expats who visited here for business and job purposes. Strategically, the International City is minutes drive away form the big commercial centers of Dubai including Dubai International Financial Center, Festive City, and Emirates Road. A large number of expats residing in other locations of Dubai have been attracted to the International City apartments due to affordability, better facilities, good trade opportunities and convenient location.

Recently, Nakheel , the developer of The International City, announced that he added 1,663 residential units in the City by the end of 2011 and thus helped stabilizing the low rental rates of apartments in International City. This addition was aimed at low and middle income people and families in Dubai to upgrade their residence with better facilities and without paying an additional rent.  The International City was not in demand like other ‘hot’ locations of Dubai so, the fresh stock of apartments will convince the other landlords and investors to offer more incentive like rent free periods, and multiple cheques to get buyers and to reduce the chances of long rental voids.

 

 

 

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