Business in Dubai International City – Dragon Mart Dubai UAE
Located just 12 kilo-meters from Dubai International Airport, International City is a dramatic new complex that is destined to be a world-class hub for international investors, traders and retailers from around the world. A themed environment of residences, business opportunity and tourist attractions, infrastructure construction is already underway, with the first phase expected to be completed and operational towards the end of 2006. International City covers 800-hectares of land and will comprise 6 key areas, including The Central District, Dubai Gates, The Dragon Mart, The Residential District, Lakes District and The Forbidden City.
DUBAI SPORTS CITY
One can assume that International City will house many of the thousands of staff that will be employed in Dubailand, most likely resulting in long term company rentals.
In the shorter term, the rental market in Dubai is very strong with demand far outstripping supply, which allows us to guarantee to our purchasers, annual 10% yields for the first 3 years from completion, therefore immediately guaranteeing 30% of their investment.
International City is located beside Emirates Road, Dubai, which links 6 of the 7 Emirates by means of motorway. Central Dubai is a 15 minute drive away, while one can be in Abu Dhabi in less than an hour. A most appealing aspect of International City from an investment viewpoint, along with Dubai’s lack of property taxation and guaranteed 10% Per Annum Nett Yield is its proximity to Dubai land, the under construction facility more than twice the area of Disneyland in Florida. Dubai land will comprise magnificent theme parks along with the state of the art Dubai Sports City.
Some of the features of this will be a 65,000 seater multipurpose stadium along with two similar venues of smaller capacity, Manchester United Soccer School, John Lloyd Tennis Academy & a Greg Norman Golf Academy comprising several golf courses and top class coaching facilities.
There is no taxation on rental income or capital gain in the UAE.