Iconic Tower
Off-Plan

Iconic Tower

From AED 3.47M·Handover Aug 2027·10% down payment Payment
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AED 3.47M
Starting Price
Aug 2027
Handover
10% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Iconic Tower is a luxury development by international developer Mered, situated in Dubai Internet City. Designed by the world-renowned Italian firm Pininfarina, this modern high-rise comprises a ground floor and sixty six residential levels. The project offers premium one- to three-bedroom apartments. Finished with high-quality natural materials, the interiors feature a delicate pastel colour palette. Each residence includes a private balcony offering mesmerising views of the sea and the city skyline. The complex boasts a comprehensive range of world-class amenities, including a bay-facing infinity pool, a state-of-the-art gym, dedicated fitness and yoga studios, a jacuzzi, sauna, and steam room. Residents also have access to a children’s playground, cosy lounge areas designed for relaxation, a barbecue zone, a private cinema, and numerous additional recreational spaces. The podium level hosts a curated selection of cafes, restaurants, bars, and retail outlets. Within a five-minute there are nurseries, premium educational institutions, and top-tier medical facilities. Iconic Tower enjoys a prime location adjacent to Sheikh Zayed Road, Dubai’s main arterial highway. Dubai Media City Park, Palm Jumeirah, and Dubai Marina Walk are just a 10-minute , while Downtown Dubai, Burj Khalifa, Dubai Mall, and Dubai International Airport are all within a 30-minute away.

Project Specifications
DeveloperMered
LocationDubai Internet City
Unit Types1 BR, 2 BR, 4 BR, Apartments
AreaDubai Internet City
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 149,696 / year
Cash-on-Cash
2.2%
Levered cashflow AED 35,212
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 225,499 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Iconic Tower launch basis3,855AED 3.47MCurrent launch / asking basis
Dubai Internet City ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubai Internet City premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

Iconic Tower — View 2
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Iconic Tower official render 1

Iconic Tower official render 1

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Astraterra Properties

Official Documents

Download official marketing materials from Mered.

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Payment Structure

10% down payment

Flexible Payment

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Floor Plans

Iconic Tower — 1 Bedroom Floor Plan

Amenities & Lifestyle

BBQ
Cinema
Covered Parking
Dining outlets (coffee houses & restaurants)
Infinity pool
Kids Play Area
Landscaped garden
Leisure areas
Lobby
Meditation zone
Private Jacuzzi
Private pool
Recreational areas
SPA
Security and CCTV
Shared Jacuzzi
Shared Pool
Shared gym
Shared gym & fitness
Smart home
Social zone
Yoga studio

Location

Dubai Internet City

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Dubai Internet CityDubai Internet CityDubai, UAE

Developer Track Record

01

Iconic Tower by Mered

02

Located in Dubai Internet City

03

Starting from AED 3,469,211

04

Unit mix includes 1 BR, 2 BR, 4 BR, Apartments

05

Expected handover: Aug 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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