Hi Mutahir
Yes, I agree with what you say about the potential for IC. Eventually they have to get these teething problems sorted out and beautify the place and then it will be a much more attractive place to live.
Which malls did you hear were going to come to IH? My agent told me that Choithram's were going to have a supermarket there, but I've heard nothing about the malls. That would be great!
Best wishes
HB
Quote:
Originally Posted by mutahirw
In my opinion International City had been a very good Investment from both appreciation and Rental Yeilds perspective. I had bought my 1 bedroom for 350K 2 years back and now have offers for 650K so not bad apprecation.
The rental yeild is also much greater than other more expensive projects offer, its close to 18-20% had you bought this 2 years back and even if you purchase it now it will yeild 10%. My friend owns a great apartment in JBR, its yeilding him less than 7% and he too bought it a year back. Not to say that is a bad investment, just that you have to consider a lot of factors from an Investors perspective.
I remain buillish as well on International City. In a couple of years you should witness, higher apprecaition once schools, lakes and landscapting works are completed and hopefully the seweage plan relocated. Phase 2 and Phase 3 are lauching at even higher prices and that should push up the prices of the current ready property owners.
Dont forget there is are a couple of Malls that have been announced by Nakeel in INternational city, along with the new Lake District and Emirates Cluster...
In conclusion: Still a great investment and probably the only place in Duba where you could have an affordable living space in case you willing to live your self. The location and close proximity to all major landmarks and locations will remain this projects major Plus.
Over and out..
Mutahir.
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