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Apartment prices shoot up by more than 40 pct in International City

Posted on 08 October 2012

Asking prices for apartments in International City, which had dropped below their 2002 launch price, have shot up by over 40 per cent in the past one year. The current asking prices for studios range between Dh250,000 and Dh270,000 in October 2012 from Dh150,000 to Dh170,000 during the same period last year, data analyzed by Emirates 24|7 has revealed.
While studios were sold for Dh220,000 and one-beds for Dh320,000 during the launch, property owners last year offered discounts of 10 to 15 per cent to lure buyers………………………………………..Full Article: Source


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