What is the location of ICONIC Residences?

ICONIC Residences by MERED Group is ideally situated at Dubai Internet City, a premier tech hub. It is perfect for those seeking apartments at Dubai Internet City, offering excellent connectivity and close proximity to tech companies.

What types of apartments at ICONIC Residences by MERED Group at DIC are available?

ICONIC Residences Dubai Internet City features various types of apartments, including 1, 2, and 3-bedroom units, as well as 4-bedroom penthouses. Sizes range from 865 sqft (80 m²) to 2681 sqft (249 m²).

What are the prices for apartments at ICONIC Residences Dubai Internet City?

The prices for property at ICONIC Residences are as follows: 1-bedroom apartments start from AED 2,570,082 ($699,820), 2-bedroom apartments from AED 4,236,025 ($1,153,440), and 3-bedroom apartments from AED 10,327,544 ($2,812,130). The starting price for 4-bedroom penthouses at The Icon Tower by MERED is AED 12,128,419 ($3,302,500).

What amenities can residents enjoy at ICONIC Residences Dubai Internet City?

Residents of apartments at ICONIC Residences at Dubai Internet City have access to various amenities, including a tennis court, gymnasium, jogging track, mini theater, and both outdoor and indoor pools, enhancing their living experience.

What are the payment options for purchasing a property at ICONIC Residences?

For those interested in property at Dubai Internet City, ICONIC Residences offers a convenient payment plan, which includes a 25% down payment, 25% during construction, and the remaining 50% upon handover.

Is there a specific handover date for property at ICONIC Residences at DIC?

The handover date for apartments at ICONIC Residences at Dubai Internet City is scheduled for Q3 2027.

ICONIC Residences at Dubai Internet City

ICONIC Residences, situated in the heart of Dubai Internet City, is a landmark development by MERED Group. This mixed-use development offers luxury apartments designed by Pininfarina, combining contemporary aesthetics with advanced amenities. ICONIC Residences by MERED Group is tailored for professionals seeking a dynamic lifestyle, enhanced by stunning views and modern facilities. Residents of apartments at ICONIC Residences can enjoy direct access to IT companies, reflecting the vibrant tech environment of the area.

ICONIC Residences includes a range of features and amenities, such as a state-of-the-art gymnasium, outdoor pools, a jogging track, and a mini theatre. Sports enthusiasts will appreciate the tennis court and indoor court, while the banquet hall provides a venue for social and corporate events. ICONIC Residences at Dubai Internet City perfectly blends luxury living with the convenience of being located in Dubai's tech hub.

ICONIC Residences by MERED Group is poised to be the tallest building at Dubai Internet City, standing at 286.4 meters with 66 floors and 311 exclusive apartments, including a limited number of air-conditioned parking spaces. The residential building features additional high-end amenities like a private cinema, infinity pool overlooking the sea, private lounge and dining rooms, jacuzzi, sauna, and multiple outdoor terraces.

The payment plan is structured to facilitate ease of purchase, with 25% due as a down payment, 25% during construction, and the remaining 50% upon handover. The handover date for property at ICONIC Residences by MERED Group at DIC is Q3 2027, ensuring ample time for investors to plan and prepare for their new luxurious living space in one of Dubai's most dynamic districts.

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Dubai Internet City (DIC) is a bustling technology park home to over 1400 companies, including industry giants like Facebook and Google. Conveniently located with easy access to Sheikh Zayed Road and close proximity to Downtown Dubai, DIC offers excellent transport links, including the Dubai Internet City Metro Station. This makes it an ideal location for professionals seeking a dynamic lifestyle amidst global tech leaders.

DIC is not just about business; it offers a holistic lifestyle with top educational institutions, beaches, malls, and a variety of dining options nearby. The tech park is strategically positioned to provide convenience and accessibility, ensuring that residents and professionals can enjoy both work and leisure in one place.

Spanning over one million square meters, Dubai Internet City is a prime destination for technology-related investments, providing an ecosystem conducive to innovation and business growth. The area includes various facilities like innovation centers, commercial spaces, and event venues that host concerts, award shows, and corporate events. For leisure and wellness, DIC offers fitness facilities, green spaces, and multiple dining options ranging from cafes to fine dining restaurants.

DIC is part of TECOM Group's portfolio, which includes Dubai Media City and Dubai Knowledge Park, enhancing its appeal by clustering complementary sectors. It boasts a robust IT infrastructure, multilingual talent pool, and excellent business amenities like 24/7 security, high-speed data services, and the world’s largest commercial IP line network. These features attract a mix of large IT organizations and numerous small to medium-sized tech firms.

Moreover, DIC's community experiences are enhanced by healthcare facilities, luxury hotels, and residential options, making it a desirable place for both living and working. The area's strategic location and comprehensive infrastructure make it an ideal base for companies targeting regional and international markets.

Dubai Internet City offers a unique economic appeal, driven by its status as a premier tech hub in the region. It attracts a diverse array of global tech companies and startups, fostering innovation and growth. This has made Dubai Internet City a magnet for tech professionals and investors alike, offering a lucrative investment opportunity with significant growth potential.

Apartments at Dubai Internet City also promise attractive returns on investment (ROI). The average rental price for a 1-bedroom apartment at Dubai Internet City is AED 110,000 ($30,000) per year, as of Q4 2023. This results in an estimated ROI of approximately 6.4%, making it a compelling choice for investors seeking stable and profitable rental income. With the continuous influx of tech companies and professionals, the demand for residential properties at Dubai Internet City is expected to remain robust, further enhancing the investment appeal of the area.

Additionally, the properties at Dubai Internet City benefit from a well-developed social infrastructure, including quality medical services, proximity to educational institutions, and numerous dining and retail options. The area offers easy access to Sheikh Zayed Road and the Dubai Internet City Metro Station, providing excellent connectivity to the rest of Dubai. The strategic location and advanced infrastructure of DIC contribute to its attractiveness for both living and investment purposes.