Iconic Tower is an off-plan project by Mered in Dubai Internet City, Dubai. Prices start from AED 2,985,470, the payment plan is 5% On booking · 45% During construction · 50% Upon Handover, handover is expected in Q3 2027 and construction is 29% complete.
Iconic Tower is an off-plan residential tower in Dubai Internet City, built by developer Mered. It has 96 apartments in a single building, ranging from 1 to 4 bedrooms. The Dubai Land Department (DLD) register shows construction started in September 2024, progress at 29%, and expected completion in Q3 2027.
Iconic Tower at a glance
| Item | Detail |
|---|---|
| Developer | Mered |
| Area | Dubai Internet City |
| Property type | Apartments, 1–4 bedrooms |
| Units / buildings | 96 units in 1 building |
| Construction start | September 2024 |
| Progress (DLD) | 29% |
| Expected completion (DLD) | Q3 2027 |
| Starting price | AED 2,985,470 (developer price list, may change) |
| Highest listed price | AED 11,864,310 |
| Payment plan | 5% on booking, 45% during construction, 50% on handover |
| Service charge | AED 25 per sq ft |
| Furnishing | Listed as "Yes" |
| Sales status | On sale |
Prices and sizes we can see
The one-bedroom units in the data range from 865 sq ft to 1,173 sq ft. Listed prices for these start at AED 3,467,090 and reach AED 4,502,741. Prices for the other unit types are not shown here. Ask Dani for the full price list and floor plans.
Amenities listed
- Swimming pool, outdoor adult pool and kids pool
- Wet and dry deck
- Gym equipment room and outdoor gym
- Yoga / relax room and spa
- Lounge and conference room
- Kids play area
The developer says the tower was designed with Italian design house Pininfarina. It describes premium finishes and fully equipped kitchens. Check the final specification in the sales documents.
Location: Dubai Internet City
Dubai Internet City is a business and technology district in the Al Sufouh area, close to Sheikh Zayed Road. It sits near Dubai Media City, Dubai Marina and Palm Jumeirah. It is known for the offices of technology and media companies, and it has a Dubai Metro station on the Red Line.
The location may suit professionals who want to live close to work, and investors who look for demand from people who work in the area. Rental performance depends on the unit, the price paid and the market at handover, so we do not quote a yield. You can see other projects in the Dubai Internet City off-plan list.
Construction progress and handover
The DLD register shows 29% progress, with work starting in September 2024. Expected completion is Q3 2027. This is an expected date, not a promise, and it can move. The tower is still under construction.
Before you buy, it is worth checking:
- the latest progress figure on the DLD register
- the handover date written in the sales and purchase agreement (SPA)
- what the contract says if handover is delayed
- the exact unit, floor, size and final price
- what the AED 25 per sq ft service charge covers
About the developer
Mered is the developer of Iconic Tower. We only quote what the register and the developer's own overview state, so check its track record on completed projects yourself. You can browse all Mered off-plan projects on this site.
How to buy off-plan in Iconic Tower
- Choose a unit. Ask for the current availability, floor plan and price list.
- Reserve. The payment plan lists 5% on booking.
- Sign the SPA. Read the handover date, payment schedule and delay terms.
- Register with DLD. Off-plan sales are registered through Oqood. The DLD registration fee is normally 4% of the price, plus admin charges.
- Pay into escrow. Under Dubai law, buyer payments for off-plan projects go into a project escrow account. They are released to the developer in line with construction progress.
- Complete at handover. The final 50% falls due on handover, so arrange your funds or mortgage early.
The listed prices are above AED 2 million. Properties at or above that value can qualify for a Golden Visa, but off-plan rules and conditions apply, so confirm them for your own case. For general questions, see our Dubai property buying FAQ.
To get the latest price list, floor plans and payment plan for Iconic Tower, contact Dani. You can also compare other Dubai off-plan projects.
Frequently asked questions
Who is the developer of Iconic Tower?
Iconic Tower is developed by Mered. The developer says the design was created with Italian design house Pininfarina.
Where is Iconic Tower located?
It is in Dubai Internet City, a business and technology district near Sheikh Zayed Road, Dubai Media City and Dubai Marina.
When is Iconic Tower expected to be handed over?
The DLD register shows expected completion in Q3 2027, with construction progress at 29%. Dates can change, so check the handover date in your SPA.
What is the payment plan for Iconic Tower?
The listed plan is 5% on booking, 45% during construction and 50% on handover. Ask Dani to confirm the current plan for the unit you want.
Can foreigners buy in Iconic Tower, and how are payments protected?
Foreign buyers can generally buy property in designated freehold areas of Dubai, but confirm the status for this location. Off-plan payments are made into a regulated project escrow account, and the sale is registered with DLD through Oqood.
Project facts come from the Dubai Land Department project register and the developers' published price lists, and are refreshed regularly. Prices, availability and payment plans can change at any time: ask Dani for the latest.
Prices, availability and payment plans change often and are set by the developer. Ask for the latest details before making a decision.
