ICONIC Tower by Mered

P3 — Under Development Off-Plan Primary
Developer Mered Residences Real Estate L.L.C
Community Dubai Internet City
Property type Apartment
Data updated Apr 02, 2026

ICONIC Tower by Mered is a Under Development development by Mered Residences Real Estate L.L.C in Dubai Internet City. 173 units across 1 Bedroom (51%), 2 Bedroom (38%), 4 Bedroom (6%). Over the trailing 12 months, 174 sales at a median of AED 5,303,977.

Key Metrics
Median Price
Value
AED 5,303,977
Change
43.4% YoY
Transactions
Value
174
Change
72 in period
Price / sqft
Value
AED 3,699
Handover Status
Value
P3
Change
Under Development
Median Price
AED 5,303,977
↑ 43.4% YoY
Transactions
174
↑ 72 in period
Price / sqft
AED 3,699
Handover
P3
Under Development
Investment Analytics
Ready Market Mix
Value
50.0%
Community avg
Ready Market Mix
50.0%
Community avg

Rental Performance

Unit Mix

By bedroom type
1 Bedroom 88 units · 51%
2 Bedroom 66 units · 38%
3 Bedroom 8 units · 5%
4 Bedroom 11 units · 6%

Transaction Breakdown

All time — 174 transactions
Off-Plan Primary
174

Price History

Median Price — ICONIC Tower by Mered

Median prices in ICONIC Tower by Mered have softened, declining 8% to AED 5.0M over the past 12 months.

Recent Transactions

Showing last 10 of 174
Date Type Price (AED) Size (sqft) AED/sqft
Apr 02, 2026 OP Primary 4,976,995 1,108 4,489
Mar 10, 2026 OP Primary 4,779,699 1,078 4,432
Mar 10, 2026 OP Primary 4,098,836 1,094 3,743
Mar 06, 2026 OP Primary 11,103,188 2,775 3,999
Feb 13, 2026 OP Primary 4,807,942 1,334 3,602
Feb 11, 2026 OP Primary 4,972,402 1,137 4,372
Feb 09, 2026 OP Primary 7,765,539 1,616 4,804
Feb 03, 2026 OP Primary 5,257,741 1,326 3,964
Jan 27, 2026 OP Primary 8,440,703 1,652 5,108
Jan 26, 2026 OP Primary 10,310,381 2,381 4,329

This project is in Dubai Internet City

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