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21-07-2007
Global property warnings also apply to Dubai!
Take heed of the warnings about cooling global real estate markets that have now reached Spain and India. Meanwhile, there were 4.2 million unsold homes in the US at the end of April, and the annualized rate of second-hand home sales fell by 2.6 per cent to 5.99 million in April, enough to worry the Wall Street bulls.
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International City

International City, as its name suggests, is a true melting pot of the diverse nationalities and cultures that lend Dubai its modern, cosmopolitan air. Built to provide over 60,000 people with an affordable living experience, International City is divided into nine distinct residential districts, with low-rise blocks offering studio, one- and two-bedroom apartments. The architectural styles of Russia, Italy, Spain, England, France, Morocco, Persia, Greece and China are all represented, neatly weaving numerous elements of different cultures into a single society.

The fabric of International City is further enhanced by the range of business activities, retail opportunities and tourist attractions that complement the residential offering. Stretching over an enormous 800-hectare plot, this development has generated considerable interest from many investors including retail giants, multinational companies and real estate developers. The neighbouring DragonMart Complex is considered the largest trading hub for Sino products outside mainland China. Another neighbouring development will be the Dubai Design Centre, which aims to become a one-stop destination for everything in the world of design and interiors. Al Warsan Lake offers unprecedented opportunities for wildlife observation and the meticulously recreated Forbidden City will ensure all the mystery and wonder of this ancient imperial palace is on tap to mesmerise us today.
 
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