Dubai Industrial City
About Dubai Industrial City
Dubai Internet City (DIC) is a renowned free zone and technology cluster located in Dubai which was designed and developed during the year 2000 in order to promote the information and communication technology (ICT) business in the region of MENA. DIC has since become home to over 1,600 companies, including Fortune 500 organizations such as Microsoft and Oracle. The free zone is fully operational and offers 100% foreign ownership with tax holidays and modern facilities.
It enhances creativity and supports young and growing businesses by providing them with meeting spaces, events and other support for their businesses, and also provides for a very good standard of living with the presence of hotels and recreation centers. All in all DIC has an important significance towards fulfilling the vision of Dubai as a knowledge based economy.
Latest Off Plan Projects in Dubai Industrial City
Community Features
Dubai Industrial City Connectivity
Off Plan Projects In Dubai Industrial City
Dubai Industrial City provides a range of off-plan projects suited to various types of properties such as industrial land, warehouses and commercial properties. The most recent major project is the growth of the manufacturing base in UAE through the development of additional 13.9 million square feet of land. This expansion facilitates a number of developments such as plants, warehouses and office buildings.
Types of property available:
- Industrial Land: Appropriate for production and logistics activities.
- Warehousing: Intended for storage and distribution purposes.
- Commercial Space: Offices that provide services to the industries surrounding them.
Latest projects include:
- An all-encompassing production and warehouse center by SLG Group aimed at AED 200 million worth of investment.
- A cutting-edge component distribution warehouse being built by the Arabian Automobiles Company is scheduled to be finished by 2025.
- The new dairy manufacturing plant of Nutridor developed in one year for an investment worth over AED 75 million.
Average Property Price In Dubai Industrial City
Prices of residential units in Dubai Industrial City differ depending on the nature and layout of the apartments. The table below highlights the average prices prevailing in the market for different types of residential properties:
| Property Type | Average Price (AED) |
|---|---|
| Residential Apartment | 844,399 |
| Warehouse | 10,000,000 - 11,000,000 |
| Whole Building | 24,000,000 - 45,000,000 |
| Land | 3,200,000 - 69,000,000 |
Such rates are based on the present market conditions and are subject to changes due to factors like the area of the Dubai Industrial City and the characteristics of the property in question.
ROI In Dubai Industrial City
The rental yield for real estate assets located within the premises of Dubai Industrial City is dependent on the type of real estate asset. Below are the average percentages of ROI for various layouts:
| Property Type | ROI (%) |
|---|---|
| 1-Bed Apartment | 7.36% |
| 2-Bed Apartment | 5.37% |
| 3-Bed Apartment | 7.12% |
These statistics suggest that 1 bedroom apartments give the highest return on investment, hence making them appealing to the area’s investors.
Master Plan Of Dubai Industrial City
Dubai Industrial City is very critical to the vision of making Dubai a global manufacturing imprint. The objective of the comprehensive plan is the development of an inclusive industrial colony that will focus on activities such as. Logistics, manufacturing, technology, and etc.
It provides for territorial divisions, such as those for food and beverage, transport equipment, machine Engineering, light and heavy chemicals, etc. facilitating cross sectoral linkages. The layout provides the necessary services such as utilities, roads and logistics services to ensure that companies are well connected and operate effectively.
Recent growth in Dubai Industrial City includes the construction of an extra 13.9 million sq ft of industrial space to meet growing demand where it supports wider initiatives such as Operation 300bn and the Dubai Economic Agenda ‘D33 which aim at improving the manufacturing sector in a bid to cut down the economy’s dependence on oil.
The structural outlook further recognizes sustainability and innovation as core values of the design by planning for green spaces and technologies in the development framework. In general, the master plan for Dubai Industrial City is designed strategically to address the control of urbanization to spur economic growth and at the same time create a favourable business environment.
