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Iconic Tower

  • AED2.6M
Off-Plan Properties
Off-Plan Properties
  • AED2.6M

Overview

  • Apartment, Penthouses, Studio
  • Property Type

Description

Luxury Apartments & Penthouses in Dubai Internet City

AED 2,6M

STARTING PRICE

Easy 50/50

PAYMENT PLAN

Q3 2027

HANDOVE

 

Iconic Tower is a luxury residential tower that will be located in the innovative area of Dubai Internet City. The complex offers 1–3-bedroom apartments, two premium 3-bedroom units and just one exclusive 3 bedroom duplex penthouse. Residences are distinguished by their signature Italian style by the world-renowned brand; Pininfarina, and offers its residents a cosmopolitan lifestyle, providing lounges and yoga practise areas, a cinema and a Pininfarina pop-up store.

Iconic Tower by MERED

Iconic Tower is a brand new residential tower in Dubai Internet City, developed by the international real estate company; MERED, which creates innovative and high-end residential complexes, including 36 projects across Eastern Europe and the USA. A distinctive feature of the tower is its design by the internationally-renowned Pininfarina brand, which showcases its signature Italian style in legendary cars. The construction of Iconic Tower will start in Q1 2024, and the estimated date of handover is expected to be in August 2027.

Iconic Tower consists of 60 floors and 6 podiums, including a ground floor, 5 parking levels, two amenities floors and two tech floors. The development offers 310 apartments, including two premium units and just one iconic penthouse, which opens out onto gorgeous views of the surrounding areas. All units are completed by generous balconies and panoramic windows, and the layout of some residences also includes a maid’s room.

The living areas for 1–3-bedroom apartments vary from 858 sq. ft to 2,794 sq. ft, whilst the two 3-bedroom premium residences, located on the 57th floor, have property sizes ranging from a huge 3,698 sq. ft to 4,696 sq. ft. The exclusive 3-bedroom duplex penthouse occupies the 58th and 59th levels of Iconic Tower. This incredible residence is distinguished by its extremely generous living area of a whopping 17,970 sq. ft, of which 5,325 sq. ft is balcony.

There are 423 parking spaces in the complex, which means every residence is allocated a minimum of one parking space. There will be a restaurant, cafe, retail stores and a Pininfarina pop-up store in Iconic Tower. Amenities in Iconic Tower are presented by an infinity swimming pool, lounge areas, BBQ zones and outdoor terraces. Residents can also enjoy carefully designed yoga areas, a spacious fully-equipped gym, jacuzzi, sauna and steam baths, as well as a private cinema. Parents with children will appreciate the modern children’s playground, and there is a dedicated conference room within the complex as well.

15 Minutes

to Downtown Dubai

10 Minutes

to Dubai Marina

25 Minutes

to DXB Airport

25 Minutes

to DWC Airport

 

About Location

Dubai Internet City

in Dubai

Residents of the development can reach Stop and Shop supermarket, Zoom Market Jewel Tower and Full Star Supermarket within a 5–10 minute walk. The nearest shopping malls comprise Nakheel Mall and Dubai Marina Mall, which can both be reached within a 5-minute drive. Some popular restaurants within close proximity to Iconic Tower include Paragon Restaurant, Melt and Roast Restaurant, Krave, and Nando’s The Greens, just to name a few.

Iconic Tower is suited towards families with children as there are several nurseries and schools located nearby. These are presented by British Orchard Nursery – Media City, Chubby Cheeks Nursery Barsha Heights, Gardenia Nursery, The International School of Choueifat and iCademy Middle East. Travel time to the above-educational educational institutions takes about 5 minutes’ by car.

Residents can receive quality medical services at American Hospital Dubai Media City Clinic, Aster Clinic and White Clinic. These establishments can be reached in less than a 10-minute drive from Iconic Tower.

Iconic Tower is located along the main highway of Dubai — the Sheikh Zayed Road, and that provides fast connections to every part of the emirate. The central area of Downtown Dubai can be reached in just a 20-minute drive, whilst travel time to Dubai International Airport and Al Maktoum International Airport takes 30 minutes’ by car.

Iconic Tower is located in Dubai Internet City, which is the innovation and technology hub of the emirate. The district houses a range of commercial spaces, coworking spaces, facilities and business services, which makes Iconic Tower an ideal living destination for entrepreneurs and business professionals. Families with children will appreciate the generous living areas of properties, as well as the dedicated BBQ zones and children’s playgrounds.

Iconic Tower is surrounded by a well-developed social infrastructure, which makes properties in the complex a lucrative investment. Investors can rent out the luxury units and receive a stable passive income, as the average rental price for a 1-bedroom apartment in Dubai Internet City is AED 110K (USD 30K) per year, as of Q4 2023. The estimated ROI for real estate in Iconic Tower is 6.4%.

Buying a property in this complex means that foreign investors can receive a 10-year UAE Golden Visa, which allows for family sponsorship as well.

 

50/50 Payment Plan from MERED Properties

5%

On Booking

45%

On Construction

50%

On Handover

 

Frequently Asked Questions & Answers

What is the location of Iconic Tower?

Iconic Tower is located in the area of Dubai Internet City in Dubai.

What are the property types offered in Iconic Tower?

Properties in the luxury tower are presented by 1–3 bedroom apartments, two 3-bedroom premium units, and just one exclusive duplex penthouse with 3 bedrooms.

Is Iconic Tower a good investment?

Iconic Tower is surrounded by a well-developed social infrastructure, which makes properties in the complex a lucrative investment. Investors can rent out the luxury units and receive a stable passive income, as the average rental price for a 1-bedroom apartment in Dubai Internet City is AED 110K (USD 30K) per year, as of Q4 2023. The estimated ROI for real estate in Iconic Tower is 6.4%.

How much does a property in Iconic Tower cost?

As of December 2023, the initial price for a 1-bedroom apartment in Iconic Tower is AED 2.6M (USD 708K). To find out the prices for other property types in the complex, please leave a request on the website. The service charge for Iconic Tower ranges from AED 21 (USD 6) to AED 25 (USD 7) per sq. ft. The developer also offers interested buyers a convenient 50/50 payment plan during the launch stage of the project.

What schools are closest to Iconic Tower?

The International School of Choueifat and iCademy Middle East are located within 5 minutes’ by car from Iconic Tower.

What are the available amenities in Iconic Tower?

There is a restaurant, cafe, retail stores and a Pininfarina pop-up store in Iconic Tower. Amenities in Iconic Tower are presented by an infinity swimming pool, lounge areas, BBQ zones and outdoor terraces. Residents can enjoy carefully designed yoga areas, a spacious and fully-equipped gym, jacuzzi, sauna and steam baths, as well as a private cinema. Parents with children will also appreciate the modern children’s playground, and there is a dedicated conference room within the complex.

What is the transport accessibility like surrounding Iconic Tower?

Iconic Tower is located along the main highway of Dubai — the Sheikh Zayed Road, which provides fast connections to every part of the emirate. The central area of Downtown Dubai can be reached within a 20-minute drive, whilst travel time to Dubai International Airport and Al Maktoum International Airport takes about 30 minutes’ by car.

Is Iconic Tower popular among families?

Residences in LIV Waterside are ideal for families with children, whichResidences in Iconic Tower are suitable for families with children, who will appreciate the generous living areas of properties and the children’s playgrounds. Dedicated BBQ zones are also perfect for spending quality time outdoors with your family. prefer more spacious properties like duplexes, townhouses and villas. Family-oriented amenities in the complex include swimming pools for adults and children, kid’s play zones and a game room.

 

Address

Details

Updated on December 13, 2023 at 10:25 pm
  • Price: AED2.6M
  • Property Type: Apartment, Penthouses, Studio
  • Property Status: Off-Plan Properties

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