Iconic Tower — project image
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
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 149,696 / year
Cash-on-Cash
2.2%
Levered cashflow AED 35,212
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.60M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Mered.

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Payment Structure

10% down payment

Published payment summary

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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

Iconic Tower location map
Project location

Nearby Destinations

Dubai Internet City

Developer and Project Facts

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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Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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