“ATTENTION OWNERS”
LIST YOUR PROPERTIES & REQUIREMENTS WITH US
Fully Furnished One Bedroom in International City Dubai
Spain Cluster, Only For Pakistani and Indian
Rent 3500 Dhs per Month (without Dewa)
Hurry Up Golden Chance
---------------------------------------
Fully Furnished Studio in England Cluster
without Balcony
Rent 26000/- Dhs
Only For Pakistani and Indian
----------------------------
Fully Furnished Studio in IMPZ
Rent 33000/- Dhs in Two cheques
Only For Pakistani and Indian
Please Contact for more Detail
Mr. Naeem 00971 55 5614 251
Apartment prices shoot up by over 40% in International City Dubai
The real estate market sentiment has improved over last year
By
· Parag Deulgaonkar
Published Monday, October 08, 2012
Asking prices for apartments in International
City, which had dropped below their 2002 launch price, have shot up by over 40
per cent in the past one year.
The current asking prices for studios range between Dh250,000 and Dh270,000 in
October 2012 from Dh150,000 to Dh170,000 during the same period last year, data
analyzed by Emirates
24|7 has revealed.
While studios were sold for Dh220,000 and one-beds for Dh320,000 during the
launch, property owners last year offered discounts of 10 to 15 per cent to lure
buyers.
Studios and one-beds in the Spain and England cluster now command the highest
asking rate of Dh265,000 and Dh270,000, and Dh365,000 and Dh370,000,
respectively. However, a few units at still selling at lower prices. In the
Persia cluster, studios are available for Dh245,000, while one beds can be
bought for Dh340,000 in the France cluster. Property agents say these units
require renovation and hence the prices are low. Moreover, they claim that more
companies than individuals are buying apartments in International City for staff
accommodation.
The Dubai Land Department data reveals that more than 1,730 transactions, valued
at Dh523 million, have been registered in International City (Al Warsan First)
this year to date. Over 7,000 units valued at over Dh2.5 billion were registered
in 2009, which fell to approx. 1,500 transactions, worth Dh500 million, in 2011.
International City project was launched in July 2002 and consists of a
residential district and a central district. The residential district spreads
over an area of 300 hectares and consists of 387 buildings. It will have 27,437
units, made up of 22,235 residential units (44.5 square metre studios and 66.5
sqm one beds) and 5,202 retail units. The Central District covers an area of 21
hectares and consists of 34 plots.
Dubai Land Department Director-General Sultan bin Mijren told 'Emirates 24|7' at
Cityscape Global: "The property market has revived in Dubai and we are seeing
increase in number of transactions compared to last year. Prices are going up in
certain locations, but overall the market sentiment has improved."
Proper Property Dubai
My View On Current Market,
Since March 2012 Dubai real estate market is on the move I have not seen such a hurry in this market for a while Why this market is recovering it has many reasons few of them are.
1) Sure 8% return on the investment
2) 85% population of UAE is on rent
3) Tax Free Income
4) Market is on its 2008 Prices
5) Banks are lending up to 85% on 3.99% interest rate.
6) Construction cost is increased by 30% since 2008
The Dubai Market have gain some respect from the expatriate living in UAE now they have realize that investing in Dubai is secure and long term gain in investment.
For Sellers,
Now is a good time to sell your property in Dubai it is becoming a seller market but don’t hang on to this for ever as it might take a detour.
For Buyers,
Time is right to buy before it is too late Prices are ideal and rental cap is around 8% return on investment + equity = 15% minimum for coming few years you will enjoy this market before it get settled.
To Buy Or Sell Choose us to be your agent and you will not be disappointed.
Nadeem
00971 55 8551 778
ppdubai.net@gmail.com
Jumeirah Lake Towers
The closest hospital is the Jebel Ali Hospital (in Jebel Ali Village) with Welcare Ambulatory Centre also within a 10 minutes drive. There is a plan for a new hospital to be constructed near the community. The distance from the airport is 30 kms and JLT is just 25 kms from the centre of the city.
Jumeirah Lakes Towers (JLT) has been planned as a community where people can live and work with equal comfort and tranquillity. The waterfront promenade will allow for outdoor cafe's and restaurants, for use by day and night. Community retail, in attached and detached format, will allow for all the basics to be available at close quarters.
Squares and garden between the clusters create connectivity between the larger districts of the community. People living and working within JLT will have a wide range of facilities within reach with quiet community areas with benches, cafe terraces, and shaded walkways
Additional features include pavement fountains, lake fountains, gardens adjacent to avenues, groves of trees, desert gardens and bespoke sculptural features lending to both small scale internal interest, as well as contributing to expansive views.
Day care centres and children's play areas have been visualized as part of the community. Children will be allowed to use electronic remote control boats in controlled areas of the lake along with enjoying activities such as cycling, walking and even roller-skating.
In addition to the community facilities, each tower shall cater to the needs of its tenants with facilities such as gymnasiums, saunas, swimming pools, conference centres, high speed elevators, state of the art security systems.
International City Dubai
True to its name, is a melting pot of the divergent nationalities and cultures making Dubai modern and cosmopolitan. Initiated with a vision to provide affordable yet stylish living experience to more than 60,000 people, International City has been successful in helping realize the dreams of many to own a home in Dubai.
Spread over an enormous 800-hectare plot, International City offers wide range of business activities, retail opportunities and tourist attractions that goes hand-in-hand with the residential features.
International City is a country themed architecture of residences, business opportunity, and tourist attractions. It will cover 800 hectares (8 million square meters) and its geometry was inspired by the intricately patterened traditional carpets of the Middle East. Once completed, the project will contain studio, one and two bedroom apartment units and accommodate over 60 thousand residents.
International City is located in the Al Warsan region of Dubai, which is along the Dubai-Hatta road and between Interchange 5 and 6 of Emirates Road, opposite to the Dubai Central Fruit and Vegetable Market. It is located 9 kilometers (5.4 miles) from the Dubai International Airport, which is around a 15-20 minute drive from the center of the city. It will comprise of 6 key areas, including The Central District, Dubai Design Centre, The Dragon Mart, The Residential District, Lakes District and the Forbidden City.
Follow Us
Register your Properties with us to get the best deals on Rent, Sale and Buy