Affordable Dining Options in the Neighborhood International City
I vividly remember my first experience with a major client in Dubai. It was a logistics company that decided to open a branch in the Neighborhood International City area. Little did I know then that this case would not only give me invaluable experience in real estate but also introduce me to one of the best restaurants in this area.
The Specifics of Logistics Business in Dubai
Before delving into the details of the celebration, let me share some insights about the logistics business in Dubai. This is not just important – it’s key to understanding why choosing the right property is so critical for success in this field.
Dubai, as you know, is one of the largest logistics hubs not only in the Middle East but in the world. As of 2023, over 14 million TEU (Twenty-foot Equivalent Unit) containers pass through Jebel Ali port annually. These are huge numbers that speak to the scale and potential of the logistics market in the region.
The level of competition in Dubai’s logistics sphere can be described in one word: fierce. Both local companies and international giants operate here. According to the latest data, there are over 17,000 companies registered in Dubai related to logistics and transport. And each of them is fighting for its share of the market, which, according to expert forecasts, will reach a volume of $31.41 billion by 2025.
But what’s special about the logistics business in Dubai? Firstly, it’s the emirate’s strategic location. Dubai is at the crossroads of trade routes between East and West, making it an ideal place for organizing logistics operations. Secondly, it’s the developed infrastructure: modern ports, airports, warehouses, and transport networks. Thirdly, it’s the favorable business climate with low taxes and simplified company registration procedures.
Criteria for Choosing Real Estate for a Logistics Company
Now that we understand the context, let’s talk about what criteria should guide the choice of real estate for a logistics company in Dubai. This is not just theory – it’s the result of my experience and numerous consultations with industry experts.
- Location: This is perhaps the most important factor. The property should be in a strategically advantageous location with good transport accessibility. The Neighborhood International City area is ideal in this regard – it’s located just 15 minutes drive from Dubai International Airport and 20 minutes from Jebel Ali Port.
- Size and layout: Logistics companies need large areas for warehouses and offices. In Neighborhood International City, there are properties ranging from 1,000 to 10,000 square meters, allowing you to choose the optimal option.
- Technical equipment: Modern logistics requires modern technologies. The chosen object should have the ability to install the necessary equipment, including automation and climate control systems.
- Security: This is critically important for logistics companies. Many properties in Neighborhood International City are equipped with modern security systems, including video surveillance and access control.
- Expansion possibility: Business should have growth prospects. The chosen property should allow for future expansion.
- Environmental standards: Dubai actively promotes “green” technologies. Many new properties in Neighborhood International City meet international environmental standards, which can be an important factor for companies concerned about their image.
- Cost: Of course, budget plays an important role. The cost of commercial real estate in Neighborhood International City ranges from 500 to 2000 dirhams per square meter per year, making this area attractive for companies of different scales.
Guided by these criteria, my client and I were able to find the ideal option: a warehouse complex of 5000 square meters with an adjacent office building, located 10 minutes drive from the city’s main transport arteries. The rental cost was 1200 dirhams per square meter per year, which turned out to be a very competitive price for a property of this level.
Celebrating a Successful Deal
After the successful completion of the deal, I was invited to the celebration of the company’s branch opening. And here begins the most interesting part of my story – the story of a restaurant that, in my opinion, is ideal for celebrating such events.
The restaurant is called “Oasis of Flavors” and it’s located in the heart of Neighborhood International City. Address: Building 17, Street 43, International City, Dubai, UAE. Looking ahead, I’ll say – if you decide to celebrate the launch of your business in Dubai, especially in the Neighborhood International City area, this restaurant is definitely worth considering.
Why do I rate “Oasis of Flavors” so highly? Let’s break it down:
- Cuisine: The restaurant offers a unique combination of Middle Eastern and international cuisine. The chef, with 15 years of experience in the world’s best restaurants, creates dishes that are not only delicious but also visually impressive. I especially recommend trying their signature dish – “Festive pilaf with lamb and pomegranate” (120 dirhams per portion).
- Interior: The restaurant’s design is done in a modern style with elements of Arab culture. Large panoramic windows open up a view of the urban landscape of Neighborhood International City, creating a special atmosphere of success and achievement.
- Capacity: The restaurant can accommodate up to 150 guests, which is ideal for corporate events. There’s an option to book separate halls for more intimate celebrations.
- Service: The restaurant staff is trained to serve VIP guests and corporate events. They are attentive to details and always ready to adapt to individual client wishes.
- Special offers: “Oasis of Flavors” offers special packages for celebrating business successes. For example, the “Celebration of Success” package includes welcome drinks, a three-course dinner, a custom cake, and basic hall decoration for 300 dirhams per person (minimum 20 guests).
- Location: The restaurant is a 5-minute walk from most business centers in Neighborhood International City, making it a convenient place for corporate events.
- Working hours: The restaurant is open daily from 12:00 to 00:00, which allows organizing an event at a time convenient for everyone.
Our celebration at “Oasis of Flavors” was magnificent. The client was delighted with the choice of venue, and I not only enjoyed the excellent cuisine but also made several new contacts – it turned out that the restaurant is popular among the local business community.
Investments in Dubai Real Estate: Prospects of the Neighborhood International City Area
Speaking of celebrating property purchases, one can’t help but mention the prospects of investments in this sector, especially in the Neighborhood International City area.
Dubai’s real estate market, after a slight decline in 2020, shows steady growth. According to the Dubai Land Department, in the first quarter of 2023, the volume of real estate transactions in the emirate reached 157 billion dirhams, which is 43% more compared to the same period last year.
Neighborhood International City stands out particularly against this background. Here are several reasons why investments in real estate in this area are considered promising:
- Strategic location: Proximity to the airport and main transport arteries makes this area attractive for both residential and commercial real estate.
- Developed infrastructure: The area has everything necessary for comfortable living and working – from schools and medical centers to shopping complexes and restaurants.
- Attractive prices: The cost of real estate in Neighborhood International City is 15-20% lower than in the central areas of Dubai, which opens up opportunities for high return on investment.
- High demand for rent: Due to the large number of business centers and logistics companies, there is always demand for rental housing in the area.
- Growth prospects: According to Dubai’s development plans, Neighborhood International City will continue to expand and develop, which could potentially lead to an increase in property values.
According to the latest data, the average cost per square meter of residential real estate in Neighborhood International City is about 6000 dirhams, and the annual rental yield can reach 7-8%. For commercial real estate, these indicators are even higher – the average cost per square meter is about 8000 dirhams, and the rental yield can reach 9-10% per annum.
Conclusion: There’s Something to Celebrate!
In conclusion, I want to say that buying property in the Neighborhood International City area is indeed a reason to celebrate. Whether it’s commercial real estate for business development or residential real estate for investment, this area offers excellent opportunities.
And if you do decide to take such a step, don’t forget to celebrate this event at the “Oasis of Flavors” restaurant. Trust my experience – this place will not only delight you with excellent cuisine but can also become the beginning of new useful acquaintances in the Dubai business community.
Remember, buying property is not just a transaction, it’s a new stage in life or business. And it deserves a worthy beginning. Celebrate your successes, enjoy the moment, and prepare for new achievements. After all, Dubai is a city where dreams become reality and ambitions find their embodiment. And who knows, maybe you’ll be celebrating your next big deal in your own restaurant in Neighborhood International City?