Near three Kingdoms and the Capitol indeed. The Arcaniss institute control the province Dalaran's located in (Jergeth), directly to the north is Sawa, to the south is the Nameless States, east is Amestris and north east is Dagaria's capitol in Werrand.

On the other side of Werrand is Britain. Rapid transport to the other Kingdoms is quite easy by way of Waypoint, or via a mage with Teleport.