S.P. Residence

TL;DR — S.P. Residence, International City Phase 2 Developer: S.P. International 1 Ltd. (Shapoorji Pallonji Group) | Structure: 8 storeys | Units: 71 apartments (studios, 1BR, 2BR) | Status: Completed February 2015 — Ready | Price range: AED 1.1M–2.2M (secondary market) | Ground floor: Galaxy Market supermarket + retail | Amenities: Pool, gym, steam room, kids' play area, 24/7 CCTV, covered parking | District: International City Phase 2, Dubai | Title: Freehold | Gross rental yield: 7–9%

S.P. Residence — Shapoorji Pallonji's Established Community in International City

S.P. Residence is a completed freehold residential building developed by S.P. International 1 Ltd. — a subsidiary of the Shapoorji Pallonji Group, one of India's most storied and internationally active construction conglomerates with a heritage spanning over 150 years and a global portfolio encompassing landmark structures across the Middle East, Asia, Africa, and Europe. In the UAE, Shapoorji Pallonji's residential credentials include the iconic Imperial Avenue in Downtown Dubai, one of the emirate's most prestigious high-rise towers. S.P. Residence in International City represents the group's community-accessible residential offering — quality construction at an accessible price point in one of Dubai's highest-density, highest-yield residential zones.

The 8-storey, 71-unit building was completed in February 2015, concluding a construction journey that began in June 2007. The project was valued at AED 27 million by the Dubai Land Department upon registration — a figure that reflects the total development investment in a building that has delivered consistent rental yields for its investor community over the decade since completion.

S.P. Residence occupies a particularly convenient position within International City Phase 2, with a ground floor anchored by the Galaxy Market supermarket — a significant daily-life advantage that allows residents to access fresh produce, household goods, and essentials without leaving the building complex. This integrated retail model reflects Shapoorji Pallonji's community-design philosophy and creates a meaningful convenience premium over neighbouring buildings where residents must travel for daily supplies.

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Location & Connectivity — International City, Dubai

International City is one of Dubai's most distinctive and globally flavoured residential communities, master-planned around a series of country-themed residential clusters — Spain, England, Greece, China, Russia, Italy, France, Morocco, Emirates, and Persia — each with unique architectural character inspired by the respective country's vernacular design traditions. The community is home to a diverse, cosmopolitan population of over 60,000 residents, making it one of Dubai's most densely populated freehold zones.

S.P. Residence in International City Phase 2 benefits from the community's growing infrastructure maturity — now featuring a Dragon Mart 2 (one of the world's largest Chinese trading hubs), extensive retail strips, restaurants representing dozens of cuisines, clinics, pharmacies, and entertainment venues within easy reach.

| Destination | Approx. Drive Time | |---|---| | Dragon Mart 1 & 2 | 5 minutes | | Dubai Silicon Oasis (DSO) | 10 minutes | | Academic City | 15 minutes | | Global Village | 20 minutes | | Dubai International Airport (DXB) | 20 minutes | | Downtown Dubai & Burj Khalifa | 30 minutes | | Business Bay | 30 minutes | | Festival City Mall | 20 minutes |

Sheikh Mohammed Bin Zayed Road (E311) provides International City's primary arterial connectivity, enabling fast access to both the inner-city and outer-Dubai destinations. Ongoing metro extension planning for the broader corridor continues to improve long-term public transport connectivity prospects for the community.

International City is recognised as one of the most affordable freehold residential zones in Dubai while simultaneously delivering some of the highest rental yields in the emirate — a yield-to-value ratio that makes it a consistently popular choice for buy-to-let investors.

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Architecture & Unit Design

S.P. Residence rises 8 storeys above International City's Phase 2 streetscape. The Shapoorji Pallonji Group's construction heritage is evident in the building's structural quality and material specification — durable, well-finished, and built for longevity in Dubai's extreme climate conditions. With a total of 71 residential units distributed across eight floors, the building maintains a boutique character relative to International City's larger multi-block developments, resulting in lower resident density, easier building management, and a stronger sense of community among owners and tenants.

Studio Apartments:

• Two size variants: approximately 408 sq ft and 580 sq ft
• Open-plan sleeping and living area with efficient space utilisation
• Kitchenette/kitchen, bathroom, and balcony
• Large windows providing excellent natural light

1-Bedroom Apartments:

• Three size variants: 734 sq ft, 867 sq ft, and 987 sq ft
• Defined bedroom with built-in wardrobes
• Living and dining area with panoramic windows
• Equipped kitchen with fitted appliances
• Bathroom and powder room in larger configurations
• Spacious private balcony

2-Bedroom Apartments:

• Size: 1,069 sq ft
• Two bedrooms with built-in storage
• Open-plan living and dining
• Fully fitted kitchen
• Two bathrooms
• Large balcony with community views

All units feature quality interior finishes consistent with Shapoorji Pallonji's established construction standards: contemporary floor tiling in living areas, fitted bathroom fixtures, and well-specified kitchen cabinetry with integrated appliances. The building's orientation ensures most apartments receive good natural light throughout the day.

Secondary Market Pricing:

| Unit Type | Price Range | |---|---| | Studio | AED 450,000–700,000 | | 1 Bedroom | AED 680,000–1,200,000 | | 2 Bedroom | AED 1,100,000–2,200,000 |

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Amenities & Community Features

S.P. Residence provides a comprehensive amenity package within the building complex:

• Swimming Pool — outdoor leisure pool with surrounding deck for relaxation
• Fully Equipped Gymnasium — cardiovascular and resistance training equipment
• Steam Room — wellness facility within the gym complex for post-workout recovery
• Kids' Play Area — safe, enclosed play space for younger residents
• Galaxy Market Supermarket — ground-floor supermarket providing immediate daily grocery and household access without leaving the building
• Men's Salon — ground-floor grooming services
• 24/7 CCTV Security — comprehensive surveillance covering all common areas and entrances
• Underground Covered Parking — allocated spaces for all resident units
• Reception & Building Management — professional front-desk services

The ground-floor Galaxy Market supermarket is the project's most distinctive community feature. In a Dubai residential market where convenience is increasingly valued as a primary lifestyle driver, having a full supermarket in the building lobby eliminates daily car journeys for groceries — a significant quality-of-life advantage over competing buildings where residents must travel 5–10 minutes for equivalent convenience.

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Investment Analysis — International City Rental Market

International City is one of Dubai's most attractive yield-focused investment destinations, combining accessible entry pricing with robust, high-turnover rental demand:

• Gross rental yield: 7% to 9% annually — among the highest sustained yields in Dubai
• Average 1BR annual rent (2024–2025): AED 43,000–60,000
• Average studio annual rent (2024–2025): AED 30,000–45,000
• Tenant profile: Young professionals, retail workers, logistics staff, hospitality workers, academic staff
• Vacancy rate: Low, driven by constant demand from Dubai's large working-class expat population

Shapoorji Pallonji's construction quality — which typically exceeds minimum Dubai market standards — has helped S.P. Residence maintain its condition well over the decade since handover. Buildings that age well attract a better-quality tenant profile, reducing maintenance incidents and improving net yield relative to comparable-aged buildings with lower construction quality.

International City's Dragon Mart 1 and 2 complex generates tens of thousands of visitor trips daily, many of whom are retail workers and traders who specifically seek accommodation within International City's walking distance. This creates a structural demand floor for residential tenancy that is largely independent of the broader Dubai property market cycle.

Freehold Title: International City is a designated freehold zone. S.P. Residence permits 100% foreign ownership with full DLD title deed registration.

UAE Golden Visa: Purchases of AED 2 million and above qualify for the UAE 10-Year Golden Visa. For International City price points, investors combining multiple units or purchasing larger 2BR configurations at secondary market premiums can approach this threshold.

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Why S.P. Residence Stands Out

Among International City's large and diverse residential building stock, S.P. Residence distinguishes itself through the combination of Shapoorji Pallonji's 150-year construction heritage, the on-site Galaxy Market supermarket, the steam room wellness facility, and the boutique 71-unit scale that creates a more intimate community than the mega-complexes that characterise much of the area.

For investors who have experienced the management challenges of large anonymous residential blocks — high-turnover, difficult maintenance, inconsistent quality standards — S.P. Residence's boutique scale represents a materially simpler and more manageable asset. Fewer units per building means a more responsive owners' association, lower common area maintenance complexity, and a higher proportion of quality owner-occupiers who invest in their units' presentation.

For tenants, the Galaxy Market supermarket resolves what is often the most significant daily inconvenience of International City living: the need to travel by car for everyday groceries. This directly reduces turnover and increases lease renewal rates — compounding the investment return for landlords over multi-year holding periods.

Contact a RERA-licensed agent for current availability, viewing arrangements, and pricing at S.P. Residence, International City Phase 2.