# Iconic

Iconic is a project by Mered Residences Real Estate L.L.C, recorded at 35% complete at its last Dubai Land Department inspection. 51 sales registered in the trailing 12 months at a median AED 5.00M (3 694 AED per square foot). Registry facts come from DLD; prices are registered transactions, not asking prices.

## Registry record

| Field | Value | Provenance |
|---|---|---|
| Developer | Mered Residences Real Estate L.L.C | DLD verified |
| Status | Active | DLD verified |
| Construction progress | 35% | DLD verified |
| Registered with DLD | 4 Jan 2024 | DLD verified |
| Construction started | 30 Sep 2024 | DLD verified |
| Declared completion | 28 Feb 2028 | DLD verified |
| Units in the project | 319 | DLD verified |
| Project area | 45 318 sqm | DLD verified |
| Escrow agent | Mashreq Bank Psc | DLD verified |
| Project number | 2865 | DLD verified |

Iconic is a project by Mered Residences Real Estate L.L.C, recorded at 35% complete at its last Dubai Land Department inspection. 51 sales registered in the trailing 12 months at a median AED 5.00M (3 694 AED per square foot). Registry facts come from DLD; prices are registered transactions, not asking prices.

| Measure | Value | Year on year |
|---|---|---|
| Median sale price | AED 5.00M | +27.2% |
| Interquartile range | AED 4.15M – AED 7.45M | |
| Median price per sqft | 3 694 AED | +10.1% |
| Registered sales, 12 months | 51 | -56.0% |
| Off-plan share | 100.0% | |

## By number of bedrooms

| Homes | Sales | Median price | Median AED/sqft | Median size | Median rent | Gross yield |
|---|---|---|---|---|---|---|
| 1-bedroom apartments | 18 | AED 4.03M | 3 743 | 1 095 sqft | — | — |
| 2-bedroom apartments | 28 | AED 5.89M | 3 602 | 1 608 sqft | — | — |
| 3-bedroom apartments | 1 | — | — | — | — | — |
| 4-bedroom apartments | 4 | — | — | — | — | — |

## Price per square foot by month

| Month | Sales | Median AED/sqft | IQR |
|---|---|---|---|
| Jun 2026 | 6 | 3 934 | 3 680 – 4 340 |
| May 2026 | 1 | insufficient data | |
| Apr 2026 | 3 | insufficient data | |
| Mar 2026 | 3 | insufficient data | |
| Feb 2026 | 3 | insufficient data | |
| Jan 2026 | 5 | 3 694 | 3 499 – 4 330 |
| Dec 2025 | 12 | 3 783 | 3 630 – 4 191 |
| Nov 2025 | 7 | 3 276 | 3 135 – 3 561 |
| Oct 2025 | 2 | insufficient data | |
| Sep 2025 | 2 | insufficient data | |
| Aug 2025 | 0 | insufficient data | |
| Jul 2025 | 16 | 3 876 | 3 691 – 4 051 |
| Jun 2025 | 7 | 3 818 | 3 471 – 3 956 |

## What these numbers do not show

- Prices from the developer. Nothing here is a price list, a payment plan or availability — these are transactions already registered with DLD.
- Whether construction is moving. The completion percentage is the figure recorded at the last technical inspection, and inspections are irregular: an unchanged number does not mean work stopped.
- A handover promise. The declared completion date is a registry field, not a commitment.
- Asking prices. Everything here is a registered transaction; what a home was listed at is a different number.
- Off-market and cash-equivalent deals that never reach the registry, and the price actually negotiated before registration.
- Service charges, chiller fees, agency commission, DLD transfer fees or mortgage costs — none of them are inside these prices.

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**Source:** Dubai Land Department open data, compiled by Continental Club Property  
**Data through:** 29 Oct 2026  
**Methodology:** https://datadubai.ae/methodology/ (v1.0)  
**License:** Reuse permitted with attribution  
**Canonical:** https://datadubai.ae/projects/iconic/  
**Suggested citation:** Continental Club Property, "Iconic", Dubai Data, data through 29 Oct 2026, https://datadubai.ae/projects/iconic/  
**Disclaimer:** Registered transactions, not asking prices. Not investment advice, not a valuation. Not affiliated with or endorsed by the Dubai Land Department.