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Iconic Tower

Al Sufouh 2 · MERED

Project factsheet

Storeys 66
Units in the building 311
Developer MERED
Status Under construction
District Al Sufouh 2
Handover Q1 2028

Layouts and the handover date come from the sales-launch announcement; the date of that announcement is shown next to the prices. It is what the developer claimed at launch, not a registry record — off-plan, phasing and dates get revised. I will send the current ones over WhatsApp.

About the building

66-storey residential building in Al Sufouh 2, currently under construction. Developer — MERED. Architect — Pininfarina.

Specifications for Iconic Tower as published by the developer — the project is under construction, so there is no Land Department record yet. They describe the whole building, not the individual unit.

About the project

Iconic Tower is a 66-storey residential building in Al Sufouh 2, handover is due Q1 2028.

The developer is MERED. The architecture is by Pininfarina.

The building holds 311 apartments in total.

The database has nothing for this project at the moment: lots come and go here, and it refreshes nightly.

A 66-storey tower by MERED, designed with Pininfarina, in Al Sufouh: 310 apartments and one penthouse, facing Palm Jumeirah.

Who is building what

The developer is MERED, and the architecture is by Italy's Pininfarina — the studio behind Ferrari and Maserati bodywork. It's not the first time a car-design house has worked on a Dubai residential project, but here Pininfarina is responsible for the tower itself, not just interior finishes.

Per the listing: 66 storeys, 310 apartments and one penthouse. General contractor Sera Group, with the main works carried out by TAV Construction and the foundation by Dutch Foundation Company. Construction began in September 2024, with handover stated for late 2027 to early 2028.

The plot is in Al Sufouh 2, on the border of Dubai Internet City and Media City, facing the Palm. This is a coastal corridor with dense office development around it: rental demand here comes from employees of neighbouring companies, not tourists.

What's in the gallery

The images are official developer renderings. There's exactly one exterior shot: the tower's silhouette in mist. Everything else is common areas and apartments — a podium pool, a yoga hall, a bar, a cinema, a lobby with reception, a spa, a gym, bedrooms and living rooms, an elevator lobby.

One separate shot shows an underground car park with marked spaces for supercars. For a project sold on the Pininfarina name, that's not an incidental detail — it's addressed directly at a buyer with a garage, not just one car.

Interiors, engineering and recognition

Pininfarina's brief went beyond the tower's silhouette to the interiors of the shared spaces: a lobby in natural stone, wood and fabric, with light treated as part of the design, and Italian furniture by Zanotta and Tacchini. Show apartments opened for viewings in autumn 2024.

On the engineering side, the developer highlights a Japanese Daikin air-conditioning system with air purification. In March 2024 the tower won the Pillars of Real Estate Awards prize for Project of the Year with Best Architecture. MERED is the Dubai arm of Russia's Pioneer Group.

Renderings — official MERED archive materials. Storeys, number of apartments, architect, contractors, construction start and stated timeline — public project announcements and the project listing. Lobby interiors, furniture, air-conditioning, show apartments and award — project materials, March 2024 to January 2025.

Where it is

The pin is placed by district — I send the exact address on request.

Nothing in the stock for this project right now

The stock refreshes every night, and lots here appear and go. Message me — I will check the closed bases and suggest the nearest alternatives in Al Sufouh 2.

Ask about this project
Handover payment

A mortgage covers the final instalment

The final payment on this building falls in 2028 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.

  • Up to 80% of the appraised value, no extra down payment
  • 3.99% fixed for three years, up to 25 years in term
  • 6–12 months before the keys — the bank wants six months of income history

Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.

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Frequently asked about Iconic Tower

Who is the developer of Iconic Tower?

MERED. The architecture is by Pininfarina.

How many floors does Iconic Tower have?

66. The building has 311 apartments.

When is Iconic Tower handed over?

The sales-launch announcement says Q1 2028. The date in the contract for a particular unit can differ — I check it before the deal.

Where is Iconic Tower?

Al Sufouh. The quiet strip between Media City and Umm Suqeim: beach on one side, business parks on the other, and very little in between.

How much does an apartment in Iconic Tower cost?

There are no open listings for this building in the database right now. I will check the price for a particular layout against the closed databases and send it with the deal costs worked out.

In the news

What has been written about the building, its developer and Al Sufouh 2

Where this project stands today

I will tell you which layouts are available now, what entry really costs and what the people who live in or let the building think of it — no marketing language.

Ask a question

Telegram is the fastest way — I answer personally.

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