PropertyIndex

Iconic

Under Construction · Due Q1 2028 · 20%|319 units · 1 building

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Iconic is an under-construction apartment development by MERED RESIDENCES REAL ESTATE L.L.C in Site A, Al Safouh Second, comprising 319 registered units. 188 sales are registered with the Dubai Land Department, at a current PIX© price of AED 4,244 per sqft. At AED 4,244 per sqft, Iconic prices 119% above the Site A average of AED 1,935 per sqft on registered sales.

PIX© price · 10.3% YoY
7.46MAED
Typical
4,244AED
PSF
Gross yield
Awaiting handover
PIX© rent ÷ PIX© price
Sale records
188
DLD · all time
Rent contracts
Awaiting handover
Ejari · all time
Iconic

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoY
PIX© Core
Project-Wide
432 – 4,814 sqft
3197.46M4,24410.3%
Residential
1 Bed · Apartment
864 – 1,187 sqft
144
2 Bed · Apartment
1,276 – 2,381 sqft
124
3 Bed · Apartment
2,305 – 4,814 sqft
9
4 Bed · Apartment
2,516 – 2,817 sqft
33
Commercial
Shop
432 – 2,042 sqft
9
Land
Development Land
68,548 sqft
No rental contracts registered — the project has not handed over.
Sales — Project-Wide188 DLD records
Sale price AED/sqft · monthly · all time

Price per sqft has risen +10.3% over the last 12 months, to AED 4,244, across 188 registered sales.

PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range · all time
PSF range
Avg size
Cash : mortgage
Off-plan : ready
DateSizePricePSFUnit TypeType
31 Jul 20261,1085,284,3754,767PremiumOff-Plan Sale
26 Jun 20268753,580,9584,095StandardOff-Plan Sale
17 Jun 20261,6085,865,2223,648StandardOff-Plan Sale
Rentals — Project-Wide
No Ejari rental contracts. Contracts appear once handover occurs and tenancies are registered.

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Site A

The closest-priced registered projects in Site A.

Common questions about Iconic

Answered from Dubai Land Department registered transactions.

How much does a property in Iconic cost?

Property in Iconic sells at a current PIX© price of AED 4,244 per sqft, or about AED 7,459,123 for a typical unit, based on 188 sales registered with the Dubai Land Department.

When is Iconic handing over?

Iconic is under construction, due q1 2028, and is 20% complete against the Dubai Land Department's reported progress.

Who is the developer of Iconic?

Iconic is developed by MERED RESIDENCES REAL ESTATE L.L.C, the developer recorded against the project in the Dubai Land Department register.

How many units are in Iconic?

Iconic holds 319 registered units, per the Dubai Land Department unit register.

Have prices in Iconic gone up or down?

Price per sqft has risen +10.3% over the last 12 months, to AED 4,244, across 188 registered sales.