Iconic Tower by MERED in Dubai Internet City

Iconic Tower, a cutting-edge residential development in Dubai Internet City, is proudly presented by MERED, an esteemed international real estate company with a rich portfolio of 36 innovative projects spanning Eastern Europe and the USA. Setting a new standard for high-end living, Iconic Tower boasts a distinct design crafted by the globally acclaimed Pininfarina brand, renowned for its iconic Italian style seen in legendary cars. Commencing construction in Q1 2024, the tower is poised for handover in August 2027. With 60 floors and 6 podiums, including a ground floor, 5 parking levels, two amenities floors, and two tech floors, Iconic Tower stands as a beacon of architectural excellence. The development encompasses 310 apartments, featuring generous balconies, panoramic windows, and select residences with maid’s rooms. The living spaces range from 858 sq. ft to 2,794 sq. ft for 1–3-bedroom apartments, while the two premium 3-bedroom residences on the 57th floor offer expansive sizes from 3,698 sq. ft to 4,696 sq. ft. The exclusive 3-bedroom duplex penthouse on the 58th and 59th levels boasts an unparalleled living area of 17,970 sq. ft, including a balcony spanning 5,325 sq. ft. Iconic Tower provides 423 parking spaces, ensuring every residence has a designated parking spot. The development houses a restaurant, cafe, retail stores, and a Pininfarina pop-up store. Residents can revel in amenities such as an infinity swimming pool, lounge areas, BBQ zones, outdoor terraces, yoga spaces, a fully-equipped gym, jacuzzi, sauna, steam baths, and a private cinema. A modern children’s playground and a dedicated conference room enhance the living experience. Benefiting from a well-developed social infrastructure, Iconic Tower emerges as a lucrative investment opportunity. Investors can capitalize on the high demand for luxury units in the area, with the average rental price for a 1-bedroom apartment in Dubai Internet City reaching AED 110K (USD 30K) per year as of Q4 2023. The estimated ROI for real estate in Iconic Tower is an impressive 6.4%. Foreign investors choosing to acquire property in this exceptional complex are eligible for a 10-year UAE Golden Visa, extending family sponsorship privileges. Iconic Tower isn't just a residence; it's a gateway to a luxurious and prosperous future.