International City is a unique investment opportunity
I think International City is a unique investment opportunity. Why?
1. There is very little affordable real estate in Dubai at the moment. Wherever you go (Marina, Palm, Old Town, Greens) the prices are 1.5 million plus - that's if you are lucky. The units here are not as prestigious or as well finished as the others, but still there will be a good demand for low to medium priced units in Dubai for the next 5 years, both for purchase and rent. I am sure someone who is working in Dubai and trying to procure affordable accommodation would rather stay in IC than Sharjah.
2. Once International City becomes fully functional (i.e. everything has been built and we see more greenery), people would feel more at home here = prices will increase further.
3. Yes right now the pound and euro are strong. It would be a good investment for those dealing in European currencies to buy now, as they will have greater purchasing power. Furthermore they will pocket a handsome return if they hold on to this for 2-3 years as the Dollar will strengthen. A double bonus for those investors.
4. After all it's under the Nakheel brand name!
5. Eye.C, gold is at the moment at the highs seen decades ago, alot has to do with the weakness in the US dollar. Most things are cyclical so may see it increase a little more and then drop sharply once the dollar strengthens.
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