DLD open data through 22 October 2026 · updated weeklyIndependent: no developer or broker pays to appear or to rank.
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Iconic

Under construction

by Mered Residences Real Estate · Site A

Updated 22 October 2026 · Source: DLD open data · Information, not financial advice. Not an official DLD product.

The median sale price in Iconic is AED 5.00M (AED 3,694 per sqft), 126% above the Site A median of AED 1,631 per sqft, from 51 sales in the last 12 months. It is 35% built, with handover planned for Feb 2028. The escrow account is at Mashreq Bank Psc.

Build progress35%
Planned handoverFeb 2028
Units319
Median priceAED 5.00Mmiddle half AED 4.15M to AED 7.45M
Price / sqftAED 3,694area median AED 1,631
Sales, 12 months51191 since launch

Schedule check

Built35%
Planned time used60%

Build progress is 25 pts behind the share of time used.

Progress gap compares build progress with the share of planned time already used. A project 40% built after using 60% of its planned time shows -20 pts.

Registry details

Project number2865
DeveloperMered Residences Real Estate
Escrow bankMashreq Bank Psc
Start date30 September 2024
Registered4 January 2024
DLD areaAl Safouh Second
CommunitySite A

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Questions buyers ask

How much does a home in Iconic cost?

The median DLD sale price is AED 5.00M (AED 3,694 per sqft), from 51 sales in the last 12 months. The middle half of sales ran from AED 4.15M – AED 7.45M.

When is the handover of Iconic?

The DLD registry shows a planned completion date of Feb 2028. Build progress is 35%. Build progress is 25 pts behind the share of time used.

Who is the developer of Iconic?

Mered Residences Real Estate. The DLD registry lists 1 projects by this developer, 0 of them completed.

Ask before you buy off-plan

  • Is the project registered with DLD and is the escrow account in the developer's name at the bank shown here?
  • What share of the price must be paid before the developer allows resale?
  • What does the sale agreement say about delay compensation and the latest handover date?
  • Is the payment plan linked to construction milestones or to calendar dates?
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Source: DLD project registry and sales, via Dubai Data. Data through 22 October 2026. Registry dates can lag official extensions. Source · ZoneIQ gives information, not financial or investment advice. Figures are medians and estimates. Check any unit yourself before you commit.