Dubai Internet City

Iconic Tower is a new residential tower in Dubai Internet City, developed by international real estate company MERED, which creates innovative and luxury residential communities, including 36 projects in Eastern Europe and the United States. A distinctive feature of the tower is its design, developed by the world famous Pininfarina brand, which demonstrates its signature Italian style in legendary cars. Construction of Iconic Tower will begin in the 1st quarter of 2024, and the estimated delivery date is August 2027.

Location:

— Residents of the complex can reach the Stop and Shop supermarket, Zoom Market Jewel Tower and Full Star Supermarket within a 5-10 minute walk. Nearby shopping centers include Nakheel Mall and Dubai Marina Mall, both a 5-minute drive away. Popular restaurants located in close proximity to Iconic Tower include Paragon Restaurant, Melt and Roast Restaurant, Krave and Nando’s The Greens.

— Iconic Tower is suitable for families with children, as several kindergartens and schools are located nearby. They are represented by British Orchard Nursery – Media City, Chubby Cheeks Nursery Barsha Heights, Gardenia Nursery, The International School of Choueifat and iCademy Middle East. Travel time to the above educational institutions takes about 5 minutes by car.

— Residents can receive quality medical services at American Hospital Dubai Media City Clinic, Aster Clinic and White Clinic. These establishments can be reached in less than 10 minutes’ drive from Iconic Tower.

— Iconic Tower is located along the main thoroughfare of Dubai — Sheikh Zayed Road, which provides quick communication with any part of the emirate. Downtown Dubai is just 20 minutes’ drive away, while Dubai International Airport and Al Maktoum International Airport are 30 minutes’ drive away.

Iconic Tower is located in Dubai Internet City, which is the innovation and technology hub of the emirate. The area is home to a range of commercial spaces, co-working spaces, facilities and business services, making Iconic Tower an ideal home for entrepreneurs and business professionals. Families with children will appreciate the spacious living spaces, as well as dedicated barbecue areas and children’s play areas.

Economic attractiveness:

— The average cost of renting a 1-bedroom apartment in Dubai Internet City is 110 dirhams (30 thousand US dollars) per year as of Q4 2023.

– The estimated return on investment for real estate in Iconic Tower is 6.4 %.

— By purchasing property in this complex, foreign investors can receive a 10-year UAE golden visa, which also allows them to sponsor a family.

Iconic Tower is surrounded by developed social infrastructure, which makes real estate in the complex a profitable investment. Investors can rent out luxury apartments and receive stable passive income