True Cost Of International City Apartments

[Markus]

Hi All,I have just started looking to buy a 1 Bedroom Apartment in the International City. At this stage I am not worried about what area its in. I would like it on the top floor.I have looked at the prices on the Internet and they range from 600,000AED to some being marketed as high as 800,000AED.
Whats the going rate for a 1 Bed at the moment,

Markus

[dalvir bains]

Originally Posted by Markus

Hi All,I have just started looking to buy a 1 Bedroom Apartment in the International City. At this stage I am not worried about what area its in. I would like it on the top floor.I have looked at the prices on the Internet and they range from 600,000AED to some being marketed as high as 800,000AED.
Whats the going rate for a 1 Bed at the moment,

Markus

Marcus, HOW THINGS HAVE CHANGED!

[Markus]

Originally Posted by dalvir bains

Marcus, you will not get a 1 bedroom for 600,000 ( maybe a studio ) you will find that those are old ads, 1 bedrooms are around 850,000 to 1 million dhms, there is a shortage of units for sale ( studios & 1 bedrooms ) I/city is still a great buy for 1 million as the rentals for 1 bedrooms are now around 60k 65k per year, and that is a great return I city is still under priced for what it is , Great location , also its near dubailand , and when the biggest theme park opens , THEN you'll see the prices ROCKET!

I think the prices you have stated mighy be slightly high from what I have seen so far,can anyone comment on this

[dalvir bains]

Originally Posted by georgihh

Yes prices are going up.
If the government is keep on demolishing residential areas in Dubai such as Satwa
I won’t be surprised to see one bedroom going on for 1 million.
IC is one of a kind – average and basic but nothing else in this range.
As far as nothing is available and will not be in the near future prices will go up

I know what i'm talking about! wait & see! ( check price rises posts! )

[Yasir]

Originally Posted by dalvir bains

Marcus, you will not get a 1 bedroom for 600,000 ( maybe a studio ) you will find that those are old ads, 1 bedrooms are around 850,000 to 1 million dhms, there is a shortage of units for sale ( studios & 1 bedrooms ) I/city is still a great buy for 1 million as the rentals for 1 bedrooms are now around 60k 65k per year, and that is a great return I city is still under priced for what it is , Great location , also its near dubailand , and when the biggest theme park opens , THEN you'll see the prices ROCKET!

One Bed is No Where in the region of 800000 ma frnd .. The Highest you will get is 720,000 All including and that too for those apartments which are registered in the Land Dept. The Others which are not registered as of yet are still available round the 670000 to 680000 Mark. =))

As soon as International City Market is Concerned its definitely gonna go up after all the apartments are registered in the Land Dept. so a Great Buy at this time. =)) Cheers ..

[adeeb.shaikh]

Originally Posted by Yasir

One Bed is No Where in the region of 800000 ma frnd .. The Highest you will get is 720,000 All including and that too for those apartments which are registered in the Land Dept. The Others which are not registered as of yet are still available round the 670000 to 680000 Mark. =))

As soon as International City Market is Concerned its definitely gonna go up after all the apartments are registered in the Land Dept. so a Great Buy at this time. =)) Cheers ..

Completely in Agreement with yasir

[dalvir bains]

Originally Posted by farrka

Hi Demoniise

550,000 all in - mobile no. 050 5149164. Kaunas - its not vacant at present, but I am living there so easily vacated.

THATS A STUDIO! WHATS A 1 BEDROOM WORTH?

[kully sanghera]

Originally Posted by Yasir

One Bed is No Where in the region of 800000 ma frnd .. The Highest you will get is 720,000 All including and that too for those apartments which are registered in the Land Dept. The Others which are not registered as of yet are still available round the 670000 to 680000 Mark. =))

As soon as International City Market is Concerned its definitely gonna go up after all the apartments are registered in the Land Dept. so a Great Buy at this time. =)) Cheers ..

I [U]Agree[/U] with yasirs post, BUT WHERE are there ANY units for sale in i/city? as my friend has been searching everywhere & wants a 1 bedroom in ANY cluster, & NOW there are DUBAI GOVERNMENT mortgage options too! from SELECTED dubai banks/companies ( Source GOWEALTHY ) Prices are gonna go CRAZY! , dubai or ajman? for a 720k 1 bedroom apartment, I/CITY is near dubailand too! TAKE UR PICK!

[georgihh]

Originally Posted by kully sanghera

I [U]Agree[/U] with yasirs post, BUT WHERE are there ANY units for sale in i/city? as my friend has been searching everywhere & wants a 1 bedroom in ANY cluster, & NOW there are DUBAI GOVERNMENT mortgage options too! from SELECTED dubai banks/companies ( Source GOWEALTHY ) Prices are gonna go CRAZY! , dubai or ajman? for a 720k 1 bedroom apartment, I/CITY is near dubailand too! TAKE UR PICK!

International city is undervalued, even if the prices for other properties don’t go up IC will still be in demand.
The quality is poor but who cares it’s a space to stay with AC and reasonable proximity to the main places in Dubai.
On top of that they started putting some greenery and trying to reduce the occupancy to max 3 people per flat. Once they complete this the place will be very good to stay.
Any way currently the properties are undervalued by 15-20% and expect adjustment in the next 6 months.

[kully sanghera]

Hi georgihh,
I AGREE WITH YOU 100%
BUT when you say the quality is poor , i'm not so sure my friend , i thinks its pot luck!
look at i/city france pictures thread, and my unit pics are on there, from p27 block,
I couldn't pick any faults with mine, and i also viewed 2/3 other empty units too, and they were fine, maybe its just luck, but when i stayed at a certain NEW 4 star hotel this feb in sharjah the finish was AWFUL ( it had the same kitchen units as i/city! )