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 Q3 2027.

Iconic Tower consists of 60 floors and 6 podiums, including a ground floor, 5 parking levels, two amenities floors and two tech floors. It will be the tallest living apartment building with Palm Jumeirah and golf course view. The development offers 1-4-bedroom 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. All units are equipped with wooden floors and kitchen appliances from Miele.

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 spa-centre with an ice room, infinity pool on 40th floor as well as smart parking with EV-charge, conditioned parking and intelligent access. Other amenities include 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.

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. The development is situated next to Internet City Metro Station.

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 starting rental price for a 1-bedroom apartment in Dubai Internet City is AED 110K (USD 30K) per year, as of Q2 2024. The estimated ROI for real estate in Iconic Tower is 6.4%.

After purchasing a residence in the complex, you can apply for a 10-year UAE Golden Visa for yourself, your family and domestic staff.