Iconic Tower by Mered in Dubai Internet City: Off-Plan Project Guide

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Iconic Tower is an off-plan residential tower by developer Mered in Dubai Internet City, Dubai. It has 96 apartments in one building, ranging from 1 to 4 bedrooms. The Dubai Land Department (DLD) register shows construction at 29% and handover expected in Q3 2027.

Iconic Tower at a glance

Design and amenities

The developer describes the tower as a collaboration with the Italian design house Pininfarina. It says the residences are planned to make the most of natural light and space.

The amenities listed are:

• Swimming pool, outdoor adult pool and kids pool
• Wet and dry deck
• Gym equipment room and outdoor gym
• Yoga / relax room
• Spa and lounge
• Kids play area
• Conference room

Prices and unit sizes

The price list shows one-bedroom apartments of 865 to 1,173 sq ft. Prices for these run from about AED 3.47 million to AED 4.50 million. The starting price of AED 2,985,470 is lower than any one-bedroom price on that list, so ask Dani which unit it applies to. Prices for the 2, 3 and 4-bedroom units are not shown here. Ask Dani for the current price list and floor plans.

At the stated service charge of AED 25 per sq ft, an 865 sq ft apartment would cost roughly AED 21,600 a year. Final charges are set once the building is operating.

Location: Dubai Internet City

Dubai Internet City is a business and technology district in the Al Sufouh area of western Dubai. It sits along Sheikh Zayed Road, close to Dubai Media City, Knowledge Park, Dubai Marina and Palm Jumeirah. It has its own Dubai Metro station on the Red Line.

The area is known for its offices and technology companies. It suits buyers who want to be near work in the Al Sufouh and Marina corridor, or who want a central western Dubai address. See all off-plan projects in Dubai Internet City to compare.

Construction progress and handover

The DLD register shows construction started in September 2024 and has reached 29%. Expected completion is Q3 2027. This is a target date, not a promise. Dates can move, and the project is not complete.

Before you buy, check:

• The latest progress figure on the DLD register
• The completion date written in the sales and purchase agreement (SPA)
• What the contract says if handover is delayed
• The final unit size, view and floor for the apartment you choose

About the developer

Iconic Tower is developed by Mered. The DLD register lists Mered as the developer. You can look at all Mered off-plan projects and compare the delivery record of each before you decide.

How to buy off-plan in Iconic Tower

1. Choose a unit. Ask Dani for the price list, floor plans and availability.
2. Reserve. You pay a booking deposit and sign a reservation form. The payment plan lists 5% on booking.
3. Sign the SPA. Read the payment schedule, handover date and delay terms.
4. Register with DLD. Off-plan sales are registered through Oqood. The DLD fee is 4% of the price, paid by the buyer.
5. Pay by instalments. Under Dubai law, buyers' payments for registered off-plan projects go into a project escrow account. Funds are released as construction progresses. Here, 45% is paid during construction.
6. Pay the final 50% at handover. Then complete the title deed transfer.

With prices above AED 2 million, some units may be relevant to the Golden Visa threshold. Rules on off-plan properties and mortgages change, so confirm the current requirements before relying on this.

For the latest prices, floor plans and payment plan, contact Dani. You can also read the Dubai property buying FAQ or browse all Dubai off-plan projects.

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.