Iconic Tower stands as a newly unveiled residential skyscraper in Dubai Internet City, crafted by the esteemed international real estate firm MERED. Known for its innovative and upscale residential projects, MERED has successfully developed 36 projects spanning Eastern Europe and the USA. What sets Iconic Tower apart is its collaboration with the globally renowned Pininfarina brand, celebrated for its signature Italian design seen in iconic cars. The tower’s construction is slated to commence in Q1 2024, with the anticipated handover scheduled for August 2027.

Comprising 60 floors and 6 podiums, including a ground floor, 5 parking levels, two amenities floors, and two tech floors, Iconic Tower is set to become the tallest residential apartment building offering stunning views of Palm Jumeirah and the golf course. The development encompasses 310 apartments, featuring two premium units and a singular iconic penthouse with breathtaking views. Each unit boasts spacious balconies, panoramic windows, and select residences include a maid’s room.

The 1–3-bedroom apartments range from 858 sq. ft to 2,794 sq. ft, while the two 3-bedroom premium residences on the 57th floor span an impressive 3,698 sq. ft to 4,696 sq. ft. The exclusive 3-bedroom duplex penthouse, situated on the 58th and 59th levels, offers an extraordinary living space of 17,970 sq. ft, including a balcony measuring 5,325 sq. ft. All units feature wooden floors and Miele kitchen appliances.

Iconic Tower provides 423 parking spaces, ensuring each residence has at least one allocated parking spot. The tower is set to host a restaurant, café, retail stores, and a Pininfarina pop-up store. Amenities include an infinity swimming pool, lounge areas, BBQ zones, outdoor terraces, a spa center with an ice room, a 40th-floor infinity pool, smart parking with EV-charging, conditioned parking, and intelligent access. The tower also features well-designed yoga areas, a fully-equipped gym, jacuzzi, sauna and steam baths, a private cinema, a modern children’s playground, and a dedicated conference room within the complex.

Location.

Residents residing in this development have convenient access to Stop and Shop supermarket, Zoom Market Jewel Tower, and Full Star Supermarket, all within a 5 to 10-minute walking distance. The closest shopping destinations include Nakheel Mall and Dubai Marina Mall, reachable within a brief 5-minute drive. Notable dining establishments in close proximity to Iconic Tower encompass Paragon Restaurant, Melt and Roast Restaurant, Krave, and Nando’s The Greens, among others.

Tailored for families with children, Iconic Tower benefits from the proximity of several nurseries and schools, such as British Orchard Nursery – Media City, Chubby Cheeks Nursery Barsha Heights, Gardenia Nursery, The International School of Choueifat, and iCademy Middle East. The travel time to these educational institutions is approximately 5 minutes by car.

Quality medical services are conveniently accessible at American Hospital Dubai Media City Clinic, Aster Clinic, and White Clinic, all reachable in less than a 10-minute drive from Iconic Tower.

Strategically located along the main thoroughfare of Dubai, Sheikh Zayed Road, Iconic Tower ensures swift connections to every corner of the emirate. The central area of Downtown Dubai can be reached in just 20 minutes by car, while travel time to Dubai International Airport and Al Maktoum International Airport is a 30-minute drive. The development is adjacent to the Internet City Metro Station.

Situated in Dubai Internet City, the innovation and technology hub of the emirate, Iconic Tower is surrounded by commercial spaces, coworking facilities, and business services, making it an ideal living destination for entrepreneurs and business professionals. Families with children will appreciate the spacious living areas of the properties, along with dedicated BBQ zones and children’s playgrounds.

Benefiting from a well-established social infrastructure, properties within the complex offer a lucrative investment opportunity. Investors can capitalize on renting out the luxury units, securing a stable passive income. As of Q4 2023, the average rental price for a 1-bedroom apartment in Dubai Internet City is AED 110,000 (USD 30,000) per year. The estimated return on investment (ROI) for real estate in Iconic Tower is projected at 6.4%.

Moreover, acquiring property in this complex provides foreign investors with a 10-year UAE Golden Visa, allowing for family sponsorship as well.