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MERED RESIDENCES REAL ESTATE L.L.C

Iconic Residence

Under Construction · Date not reported|319 units · 1 tower
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Iconic Residence is an under-construction development by MERED RESIDENCES REAL ESTATE L.L.C in Dubai Internet City, comprising 319 registered units. 192 sales are registered with the Dubai Land Department, at a current PIX© price of AED 4,048 per sqft. At AED 4,048 per sqft, Iconic Residence prices 2% above the Dubai Internet City median of AED 3,965 per sqft on registered sales.

PIX© price · ↑15.5% YoY
6.12MAED
Typical
4,048AED
PSF
Gross yield
Awaiting handover
PIX© rent ÷ PIX© price
Sale records
192
DLD · all time
Rent contracts
Awaiting handover
Ejari · all time
Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Floor
Units on floor unknown
…

Land, Iconic Residence

Size
Record
Jan 2003 to Jan 2023
Owners
4
Tenants
0
Price change
Yield on cost
Sale price by owner
PartyDatePrice / RentAEDPSFvs priorHeldNote
4Owner 424 Jan 20233.8 yrs
Current owner
3Owner 327 Apr 200517.7 yrs
2Owner 226 Jan 20032.3 yrs
Owner 1 · Undisclosed—Acquisition date and price not on record
PIX© Airbnb Calculator

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Land · Iconic Residence
Occupancy (237 nights)
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Iconic Residence

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
3196.12M4,048↑15.5%
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---
No rental contracts registered - the project has not handed over.
Sales - Project-Wide192 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnit No.BedsPositionSizePricePSFvs Prior SaleTierType
30 Oct 20261 BedIconic Residence · Floor 451,1085,682,0025,130-PremiumOff-Plan Sale
30 Oct 20261 BedIconic Residence · Floor 81,1104,118,0673,711-Entry LevelOff-Plan Sale
30 Oct 20262 BedIconic Residence · Floor 141,6086,023,6463,747-StandardOff-Plan Sale
Rentals - Project-Wide
PIX© rent analysis
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.

Common questions about Iconic Residence

Answered from Dubai Land Department registered transactions.

How much does a property in Iconic Residence cost?

Property in Iconic Residence sells at a current PIX© price of AED 4,048 per sqft, or about AED 6,119,281 for a typical unit, based on 192 sales registered with the Dubai Land Department.

When is Iconic Residence handing over?

Iconic Residence is under construction in the Dubai Land Department project register. No handover date is on record.

Who is the developer of Iconic Residence?

Iconic Residence 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 Residence?

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

Have prices in Iconic Residence gone up or down?

Price per sqft has risen +15.5% over the last 12 months, to AED 4,048, across 192 registered sales.