International City, Dubai

International City, Dubai

"Dubai real estate prices continue to advance with a studio in the Jumeirah Beach Residence now on sale for USD245,000, or three times its original selling price. Price rises on later real estate projects have been lower but healthy premiums continue to attract buyers, even though they now have to put down around 30 per cent." (AMEInfo Jan 05)

Taking the above into account, a lot of potential investors are finding it extremely difficult to identify capital growth opportunities today. However, Investors Provident are consistantly securing opportunities with the potential to invest for either short term gain, or long term equity growth. These investments are located within the massive 800 hectare development of International City. The property development company in charge of the project is Nakheel, Dubai's government-backed developer, and construction is now under way with expected completion in 2007. All the International City areas have been sold and deals are now being traded in a secondary market.

We often get exclusive access to a number of properties within this development and prices tend to be extremely competitive.

If you believe that now is a good time to be investing in dollar-denominated assets, then it is an advantage as you have the option to sell before completion if the dollar strengthens over the next two years.

WHY INVEST IN INTERNATIONAL CITY?

• Extremely competitive prices compared to open market value
• 2 years to completion to provide maximum capital uplift (Dec '06)
• Excellent rental potential - circa 10% p.a.
• Proximity to forthcoming Dubai Land (DubaiLand ) and other major attractions
• Huge international business exhibition market - e.g. Dragon Mart area attractive to Chinese companies
• Invest approx. 50% now and take advantage of the dollar strengthening against the £ over the next year, thus lifting the AED higher
• Finance may be available on 50% LTV (subject to status and circumstances)
• Residency visa on completion including tax free status of Dubai.

Further details on International City project can be found at: International City

Key facts

• Prices from AED 250,000 
• Completion Early 2007
• Unit types Studio and one bed apartments

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