International City Property Investment: Rental Income Today and Better Connectivity Ahead
By Imran Khan, Founder & Chairman, Black Arrow Real Estate When assessing a property investment, I start with three questions: What does it cost to buy? What rent can it realistically achieve? And how much will the owner spend keeping it? International City deserves attention because, for selected apartments, those numbers can make a compelling starting point. Its relatively accessible prices and established rental market give investors an opportunity to consider income-producing property without committing to a much larger purchase. The Metro Blue Line adds another reason to examine the community’s future. However, the investment should first stand up on its existing rental income. What the studio numbers tell us Based on Black Arrow Real Estate’s observations of selected studios, an illustrative purchase might look like this: Purchase price: AED 330,000 Annual rental income: AED 30,000 Annual service charges: AED 5,000 Income remaining after service charge...