Dubai Internet City (DIC) is one of the most important commercial areas in Dubai. It was established in 1999 as part of the government's economic and scientific program. The district was created under the auspices of TECOM Group, a subsidiary of Dubai Holding. The main focus was on technology, innovation and entrepreneurship. Over the years, DIC has become home to international technology corporations, startups, SMEs and small and medium-sized businesses. It is home to 1,600+ companies including giants like Microsoft, Google, Oracle and Huawei. The undeniable advantage of DIC is its free zone status. It provides 100% foreign ownership, tax benefits and simplified licensing processes. Such a favorable business environment has played an important role in the technological development of Dubai and stimulated the demand for buying and renting property at Dubai Internet City.
The area is strategically located along Sheikh Zayed Road and is surrounded by popular destinations within the emirate. It is adjacent to Dubai Marina in the west and Dubai Media City in the east. Al Sufouh, Palm Jumeirah and Knowledge Village are also located nearby. The strategic position provides easy access to other parts of the emirate. For example, Sheikh Zayed Road provides DIC residents with direct access to Downtown Dubai, Jumeirah and other major destinations. Transportation accessibility increases the demand for apartments at Dubai Internet City, attracting both potential residents and investors. Within the DIC are commercial and retail facilities, residential complexes, green spaces and well-designed infrastructure.
TECOM Group, the main developer of DIC, has played an important role in the expansion and development of the area. The company is known for the realization of business-oriented spaces, along with Dubai Internet City, its portfolio includes the equally innovative Dubai Media City, Dubai Science Park and Dubai Industrial City. Their development is a huge contribution to Dubai's economic diversification strategy and innovation in technology, healthcare, education and logistics. TECOM's emphasis on sustainability and the prevalence of smart infrastructure ensures that DIC will be developed to global standards, meeting the realities of the future. Buyers of property at Dubai Internet City benefit from its strategic location and first-class amenities.
Dubai Internet City is not only popular as a commercial hub, it has a friendly atmosphere and an existing infrastructure that is already highly developed. For daily necessities, you can shop at ZOOM Market and Fresh Plus Grocery & Café supermarkets. For a tasty lunch visit the Italian restaurant Vapiano or Paratha King, where Indian cuisine is a specialty. There are also Starbucks and Tim Hortons coffee shops in the area, which are perfect for business lunches and social meetings.
Healthcare facilities are located in and around Dubai Internet City. It is possible to get comprehensive medical care, including consultations with general physicians, specialized experts and diagnostic services, at American Hospital Dubai Media City or Prime Medical Center, which operates at Barsha Heights.
The DIC itself is home to the world-renowned Hult International Business School, which offers postgraduate programs focused on business and enterprise. American University in Dubai and the University of Wollongong in Dubai are a short drive away. Well-developed education and healthcare systems make the area a great place for family living, increasing the interest of expats looking to buy property in Dubai.
The road network in DIC is characterized by high traffic capacity. The Dubai Internet City metro station, located on the Red Line, offers direct access to Downtown Dubai, Dubai Intl. Airport and Expo City Dubai. Several bus routes such as the F31, 91 and X28 pass through the area. Cab and car rental services such as Careem and Uber also operate here. There is plenty of parking in the area, and there are convenient pedestrian and bicycle paths. All these factors increase the demand for buying and renting apartments at DIC.
Although the area is primarily focused on commerce and technology, there are many popular attractions and recreational facilities nearby. Al Sufouh Beach is a 10-minute drive away, with gorgeous views of the Burj Al Arab and the Arabian Gulf. About the same distance is Dubai Marina Walk, a lively waterfront promenade featuring restaurants, retail and entertainment venues. Just 15 minutes away is the famous Palm Jumeirah which offers luxurious resorts and beaches. The proximity of popular tourist destinations provides DIC residents with the opportunity to successfully combine work and leisure, further increasing the prestige of property at Dubai Internet City.
The proximity of DIC to Dubai airports will be a huge advantage for international companies and avid travelers. Dubai Intl. Airport is about half an hour away, while Al Maktoum Intl. Airport can be reached in 40 minutes. The strategic location of DIC provides convenient transportation on a global level, fully satisfying the needs of businesses, citizens and tourists. These factors are important for those who are looking to buy an apartment in Dubai Internet City as an investment asset or for personal living.
Property at Dubai Internet City is represented by commercial and residential complexes with upscale apartments. Among the most significant projects is MERED ICONIC Residences. This is a luxurious 66-storey skyscraper designed by the famous Italian architectural company Pininfarina. Property at MERED ICONIC Residences includes 1-4 bedroom apartments, as well as an exclusive penthouse. The residences are characterized by spacious layouts, first-class finishes and panoramic views of the Arabian Gulf. Amenities within the skyscraper include an infinity pool, fitness center, outdoor terraces and play areas for children. Smart Home technologies and environmental safety elements have been incorporated into the project. This is a striking example of premium property by MERED Group, which is in high demand among families and professionals.
Investing in apartments at Dubai Internet City provides great economic prospects. Due to the fact that the area is a global technology center there is a high demand for commercial and residential units. Property at DIC is characterized by high rental yields. The average profitability of apartments is between 6% and 8%. Rental rates are competitive, due to the premium location of the area and its comprehensive infrastructure. Excellent business opportunities and favorable environment for active family life make DIC a great option for those looking to buy apartments in Dubai.
Hi, I'm Victoria
Hi, I'm Victoria
UAE Investment Expert at Inside Realty
I Will Call Back If You Have Questions About Real Estate Investments in The UAE
Are You Interested?
Planning on Buying a Home?
Our team of experts will help
you make the right choice
Our team of experts will help you make the right choice