Properties for Sale in Dubai Internet City
Projects in Dubai Internet City
About the area
Dubai Internet City is a free economic zone that is also known as Dubai Information Technology Park. The project was developed by the government in partnership with TECOM Investments, and it was launched in 2000. The development is part of the Al Sufouh district, which is located along Sheikh Zayed Road. Dubai Internet City is bordered by Knowledge Village Park and Dubai Media City.
Since its establishment, Dubai Internet City has become a centre for innovation and business activity. It is home to more than 1,600 IT companies, including Oracle, Dell, Microsoft, Sony Ericsson, and Siemens. In addition to these large organisations, there are many small and medium-sized businesses in the area.
The development primarily consists of high-rise commercial and residential buildings. Dubai Internet City covers an area of 1.5 million sq. ft. (139,000 sq. m), and 24,000 people are working locally. Residential units include studios, one- to five-bedroom apartments, and hotel apartments, as well as exclusive full-floor penthouses. Many of the buildings offer beautiful views of the Arabian Gulf and Palm Jumeirah.
Infrastructure and location
Dubai Internet City has all of the necessary facilities to ensure a comfortable living and working environment. Residents can take advantage of local shops, hotels, innovation centres, fitness centres, and spa centres. The community is home to Seasons Hotel & Apartments, Grand Plaza Mövenpick Media City, Little Bangkok Restaurant, Paratha King Restaurant, Aswaaq Supermarket, Stop and Shop Supermarket, and British Orchard Nursery. Residents can also enjoy a park with a pond and fountains, Dubai Internet City Lake, and an amphitheatre.
Dubai Internet City has an extensive public transportation network, and the nearest Metro station is Dubai Internet City. Dubai Mall, Burj Khalifa, Business Bay, and DIFC are located within a 15-minute drive of the community via Sheikh Zayed Road. Dubai International Airport can be reached within a 25-minute drive, and Al Maktoum International Airport is situated within a 30-minute drive.
The nearest hospitals are Al Zahra Hospital Dubai and Saudi German Hospital, which are located within a 10-minute drive of Dubai Internet City. iCademy Middle East School can be reached within a five-minute drive.
Dubai Internet City is situated within a 10- to 15-minute drive of several popular destinations, including:
- Emirates Golf Club
- Montgomery Golf Club
- Jebel Ali Racecourse
- The Burj Al Arab
- Dubai Miracle Garden
- City Centre Me’aisem
- Ibn Battuta Mall
- Skydive Dubai Skydive Centre
- Nemo Diving Centre
- Safa Park
Economic Attractiveness
Dubai Internet City offers both commercial and residential properties. The area offers many profitable real estate investments. Offices and retail space can be used by various companies, and apartments are suitable to accommodate employees working in the area. Residences can be used for short or long periods of time, which is convenient for business travellers.
Hotel apartments are a good option for investors since they can be purchased to subsequently rent out. Owners can generate an income minus the company’s expenses. The annual rental rate for a small studio is approximately AED 65,000 (USD 18,000), and three-bedroom apartments cost AED 375,000 (USD 100,000).
The annual rental rate for a commercial property ranges from AED 128,000 (USD 35,000) to AED 6,000,000 (USD 1,600,000). Prices depend primarily on the size and type of the unit. Small offices can be rented without finishing, and there are large finished premises for shops, which can cover an entire floor or building.
*The price is valid for 2024
Top real estate projects
The most popular real estate projects in Dubai Internet City are the Dubai Jewel Tower and The S Tower.
Dubai Jewel Tower is a 41-storey tower with several high-speed lifts, a gym, a spa, a swimming pool, and parking for 600 vehicles. It’s conveniently located near a Metro station. The project was developed by Sharaf Group. Properties include one- to three-bedroom apartments and four-bedroom penthouses that are available to buy and rent. Units range in size from 850 sq. ft. to 5,500 sq. ft.
The S Tower is a new 58-storey residential complex by Sobha Realty. It was launched in 2020 and is scheduled for completion by the end of 2024. Properties include four- to five-bedroom apartments and full-floor penthouses. Units range in size from 4,668 sq. ft. to 11,000 sq. ft. and range in price from AED 15,000,000 (USD 4,100,000) to AED 38,000,000 (USD 10,000,000).
*The price is valid for 2024
Attractions
The Mall of the Emirates can be reached within a 10-minute drive from the area. It is home to a wide variety of shops, restaurants, cafes, an indoor ski slope, a cinema, and a children’s amusement park.
Dubai Marina Walk is located within a 15-minute drive of Dubai Internet City and features a popular promenade for tourists and locals. Visitors can go to shops and restaurants along the promenade and enjoy picturesque views of skyscrapers and canal boats. JBR Beach and Marina Beach are within walking distance of the area, and there is a footbridge that connects to the Bluewaters Island peninsula, which is home to the world’s tallest Ferris wheel, Ain Dubai. Emirates Golf Club is also situated within a 15-minute drive and features a golf course, a spa, gourmet restaurants, and cafes.
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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