Gallery
Imagery courtesy of Mered.
The project
About Iconic Residences
Iconic Residences (ICONIC Tower) is Mered's branded-design tower in Dubai Internet City with interiors by Pininfarina and sea and Palm views over Sheikh Zayed Road.
Launch pricing started at AED 3.4M, with broker listings from about AED 2.6M; the 50/50 plan spreads 50% across booking and six-monthly instalments and leaves 50% for handover.
Developer channels cite Q3 2027, while DLD-linked data and several brokers show Q1 2028 with construction under a third complete.
Payment
Payment plan
50/50 — 5% on booking, 20% on SPA, 25% in instalments during construction, 50% on handover
At a glance
Iconic Residences key facts
- Developer
- Mered
- Community
- Dubai Internet City
- Status
- Under construction
- Handover
- Q3 2027
- Starting price
- AED 3.4M
- Unit types
- 1 Bedroom, 2 Bedroom, 3 Bedroom, Penthouse
- Payment plan
- 50/50
- Ownership
- Freehold — open to all nationalities
Cost breakdown
What you pay, and when
Worked example on the starting price of AED 3.4M. Amounts scale with the unit you choose.
At this price the purchase meets the AED 2M threshold for the 10-year UAE Golden Visa (subject to current ICP rules).
Process
How to buy at Iconic Residences
- 01
Shortlist and reserve
Choose a unit type and view at Iconic Residences and secure it with the booking deposit set out in the payment plan.
- 02
Sign the SPA
Mered issues the Sales and Purchase Agreement. Review the payment schedule, handover clause and specification before signing.
- 03
Oqood registration
The off-plan sale is registered with the Dubai Land Department (Oqood). The 4% DLD fee is payable at this stage.
- 04
Construction instalments
Instalments are paid into the project escrow account as construction milestones are reached.
- 05
Handover and title deed
On completion (scheduled Q3 2027), the final payment is made, a snagging inspection takes place and the title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- Pininfarina design partnership
- 50% on handover
- Sea and Palm Jumeirah views
What to weigh
- Handover likely to shift to 2028
- Sheikh Zayed Road noise on lower floors
- Price gap between launch and broker quotes
FAQ
Iconic Residences — frequently asked questions
What is the starting price of Iconic Residences?
Published pricing at Iconic Residences starts from AED 3.4M. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of Iconic Residences?
Iconic Residences is scheduled for handover in Q3 2027. Off-plan timelines can move, so confirm the current schedule before committing.
What is the payment plan for Iconic Residences?
50/50 — 5% on booking, 20% on SPA, 25% in instalments during construction, 50% on handover
Who is the developer of Iconic Residences?
Iconic Residences is developed by Mered in Dubai Internet City, Dubai.
What unit types are available at Iconic Residences?
Iconic Residences offers 1 Bedroom, 2 Bedroom, 3 Bedroom, Penthouse.
Where is Iconic Residences located?
Iconic Residences is in Dubai Internet City, Dubai.
Can foreigners buy at Iconic Residences?
Yes. Dubai Internet City is a freehold area, so buyers of any nationality can own property at Iconic Residences outright.
Does buying at Iconic Residences qualify for the UAE Golden Visa?
Units at Iconic Residences start at AED 3.4M, which meets the AED 2 million property threshold for the 10-year UAE Golden Visa (subject to current ICP rules).
What are the purchase costs at Iconic Residences?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 136K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at Iconic Residences?
MRK Real Estate advises on primary purchases and resales at Iconic Residences. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-10-31. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with Mered before any transaction.
