New homes in Iconic Tower start at AED 2,570,000; keys are due Sep 2027; you pay 5% to book, 45% while it is built and 50% at the keys.
In the 24 months to Oct 19, 2026, Dubai Land Department recorded 39 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in ICONIC. Their median price is AED 2,866 per sq ft (about AED 2,459,000 at 858 sq ft). This project's from price is AED 2,995 per sq ft (AED 2,570,000 for its smallest home, 858 sq ft), 4% more.
Keys
Sep 2027
The developer's handover date
Payment plan
5 / 45 / 50
5% to book, 45% while it is built, 50% at the keys
Bedrooms
1 to 3 beds
Sizes
858 to 17,970 sq ft
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
From price per sq ft
AED 2,995 per sq ft
Similar off-plan homes: AED 2,866 per sq ft
RERA project
2865
Check it in Dubai REST, the Dubai Land Department's official app.
Built
20%
Being built. DLD register, Jun 12, 2026
Completion on the register
Feb 2028
DLD shows only the current date, so we can't tell whether it has moved before.
Escrow account
بنك المشرق (شركة مساهمة عامة)
The bank that holds your payments
Registered homes
319
In 1 buildings
Paying for it
You pay 5% when you book, 45% as the building goes up, and 50% when you get the keys.
AED
When
Stage
Share
Amount
Now
Booking
5%
AED 128,500
Feb 2027
While it is built
15%
AED 385,500
Apr 2027
While it is built
15%
AED 385,500
Jul 2027
While it is built
15%
AED 385,500
Sep 2027
Keys
50%
AED 1,285,000
Booking payment, 5%
AED 128,500
Dubai Land Department fee (Oqood), 4%
AED 102,800
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 231,300
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. Ask Mered for the estimate.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 39 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in ICONIC, from Oct 20, 2024 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Fewer than 30 similar homes in ICONIC sold in 12 months, so we looked at 24 months.
Dubai Land Department recorded 39 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in ICONIC, from Oct 20, 2024 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 2,866 per sq ft
AED 2,581 to AED 2,819 per sq ft
13 sales
AED 2,819 to AED 3,057 per sq ft
10 sales
This project's from price is in this band.
AED 3,057 to AED 3,295 per sq ft
2 sales
AED 3,295 to AED 3,533 per sq ft
2 sales
AED 3,533 to AED 3,771 per sq ft
4 sales
AED 3,771 to AED 4,008 per sq ft
4 sales
AED 4,008 to AED 4,246 per sq ft
2 sales
AED 4,246 to AED 4,484 per sq ft
2 sales
AED 2,581 per sq ftAED 4,484 per sq ft
This project AED 2,995 per sq ft
Half of the sales sold for AED 2,660 to AED 3,590 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 2,581 to AED 2,819 per sq ft
13
AED 2,819 to AED 3,057 per sq ft
10
AED 3,057 to AED 3,295 per sq ft
2
AED 3,295 to AED 3,533 per sq ft
2
AED 3,533 to AED 3,771 per sq ft
4
AED 3,771 to AED 4,008 per sq ft
4
AED 4,008 to AED 4,246 per sq ft
2
AED 4,246 to AED 4,484 per sq ft
2
The 3 closest sales
Picked from the 39 similar sales above, closest in size to this project's smallest home.
Feb 2025AED 2,457,330AED 2,843 per sq ftICONIC, 864 sq ft
Feb 2025AED 2,247,054AED 2,599 per sq ftICONIC, 864 sq ft
Feb 2025AED 2,270,919AED 2,627 per sq ftICONIC, 864 sq ft
Sale prices from Dubai Land Department, Oct 20, 2024 to Oct 19, 2026. Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Dubai Internet City in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
1-bed apartmentFrom AED 2,570,000 here
Off-plan medianAED 3,435,000AED 3,387 per sq ft
Sales35
4% above 39 similar sales
2-bed apartment
Off-plan medianAED 5,007,000AED 3,207 per sq ft
Sales50
3-bed apartment
Off-plan medianAED 7,273,000AED 3,363 per sq ft
Sales35
Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from price
5.6%
Median rent of 1-bed apartments in Dubai Internet City
AED 145,000 a year
Rent contracts counted
31
Rented between
Apr 1, 2025 and Mar 31, 2026
1-bed apartment
AED 145,000 a year
2-bed apartment
AED 185,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 145,000 ÷ AED 2,570,000 = 5.6%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Palm Jumeirah Tram Stop750 m, 12 min walkTram stop
Al Sufouh2.2 km, 11 min driveBeach
Marina Walk2.1 km, 9 min driveWaterfront
ICCA Dubai550 m, 10 min walkSchool
Regent International School1.5 km, 7 min driveBritish school
GEMS Wellington International School2.6 km, 9 min driveIB school
JSS International School5.8 km, 14 min driveIndian school
Iconic Tower is a Mered apartment building in Dubai Internet City, designed with Pininfarina, with 1- to 3-bedroom homes from AED 2,570,000, and the listed handover is September 2027. The from price per square foot is 4.5% above 39 similar one-bedroom off-plan sales in the same project over the 24 months to October 2026.
The listing's overall size range doesn't fit homes of 1 to 3 bedrooms, so ask for the plan and exact size of the unit you are offered. The developer describes 67 floors and 310 homes, among them two further three-bedroom residences and a three-bedroom duplex penthouse across levels 58 and 59. Two floor plans are listed, so ask for the rest.
The price check puts the from price per square foot 4.5% above the median of 39 similar one-bedroom off-plan sales in this project over the 24 months to October 2026. The check compares price per square foot, not total price. The plan is 5% on booking, 45% during construction and 50% on handover: AED 128,500, AED 1,156,500 and AED 1,285,000 at the from price. Separately, the 4% DLD fee comes to AED 102,800; ask when it is due.
Some residences have a maid's room, and kitchens come with Miele appliances. The listing says homes are unfurnished and fully fitted. The listing does not state the ownership type, so confirm the ownership terms with the developer.
Smart Salem Medical Center is about 360 m away, around a 6-minute walk, and Palm Jumeirah Tram Stop about 750 m. Emirates Golf Club is about 1.4 km away, around 3 minutes by car, and Regent International School about 1.5 km, around 7 minutes. Marina Walk is about 2.1 km away and GEMS Wellington International School about 2.6 km, each around 9 minutes by car.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
Type 1
Type 1
How prices moved
Median price of 1-bed apartments in Dubai Internet City, over the 12 months to each dateUp 6% from Dec 2024 to Sep 2026.
Dec 2024AED 3,207 per sq ft
Sep 2026AED 3,387 per sq ft
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12 months to
Median price
Sales
Sep 2026
AED 3,387 per sq ft
35 sales
Jun 2026
AED 3,499 per sq ft
35 sales
Mar 2026
AED 3,441 per sq ft
38 sales
Dec 2025
AED 3,131 per sq ft
81 sales
Sep 2025
AED 3,074 per sq ft
81 sales
Jun 2025
AED 2,926 per sq ft
94 sales
Mar 2025
AED 2,950 per sq ft
105 sales
Dec 2024
AED 3,207 per sq ft
212 sales
Off-plan sales registered with the Dubai Land Department.
Questions about this project
What size is each home?
The listing's overall size range doesn't fit 1 to 3 bedrooms, so ask for the floor plan and exact size of the unit you are offered.
How does the price compare with recent sales in this project?
The from price per square foot is 4.5% above the median of 39 similar one-bedroom off-plan sales in this project over the 24 months to October 2026.
How much do I pay at each stage?
At the from price: AED 128,500 (5%) on booking, AED 1,156,500 (45%) during construction and AED 1,285,000 (50%) on handover. Separately, the 4% DLD fee comes to AED 102,800; ask when it is due.
Can foreigners buy here?
The listing does not give the ownership type, so confirm the ownership terms with the developer.
Will the home come with furniture?
No. The listing says homes are fully fitted, with Miele kitchen appliances, but unfurnished.
