1201, ICONIC Tower by Mered
Sold prices and rental history: sold once, by the developer in May 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1201, ICONIC Tower by Mered
What is 1201 worth today?
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Source: Dubai Land Department. Updated 14 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 866 sqft
- Floor
- 12th of 57
- Parking
- 1
- Developer
- Mered Residences Real Estate
- Last sold
- AED 2.31M · May 2024
- Building
- ICONIC Tower by Mered
About 1201, ICONIC Tower by Mered
1201 is a one-bedroom apartment of 866 sqft on the 12th floor of ICONIC Tower by Mered, a 57-storey tower in Dubai Internet City by Mered Residences Real Estate . The developer sold it on 14 May 2024 for AED 2,314,634, or AED 2,671 per sqft, 19% below the AED 3,306 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1201 over time
1201 has sold once; the dashed line is the one-bed median of each year in the building.
1-beds in ICONIC Tower by Mered, and where 1201 sits
All 95 1-beds →1201 last sold in May 2024 at AED 2,671 per sqft, 19% below what one-beds in ICONIC Tower by Mered were fetching at the time (AED 3,306). Over the last 12 months one-beds sold for AED 3,297,128 to 4,976,995, around AED 3,743 per sqft.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Sep 202622 September 2026 | 869 sqft | 3,895,111 | 4,484 | ||
| 27 Aug 202627 August 2026 | 1,173 sqft | 4,391,020 | 3,743 | ||
| 25 Jun 202625 June 2026 | 875 sqft | 3,580,958 | 4,094 | ||
| 4 Jun 20264 June 2026 | 869 sqft | 3,841,359 | 4,422 |
ICONIC Tower by Mered
Building188 apartments, 1-bed to 4-bed over 57 floors in Dubai Internet City by Mered Residences Real Estate . 45 sold in the last 12 months.
- Typical price per sqft
- AED 3,773 Up 14.1%
- Typical sale
- AED 5.3M
- Typical rent
- Few contracts
- Typical yield
Other units on the 12th floor
All 188 units in ICONIC Tower by Mered1201, ICONIC Tower by Mered in numbers
- Sold once: by Mered Residences Real Estate on 14 May 2024 for AED 2,314,634, or AED 2,671 per sqft.
- One-beds in ICONIC Tower by Mered sold for AED 3,297,128–4,976,995 in the 12 months to November 2026; the building's median across all types is AED 3,773 per sqft.
Source: Dubai Land Department. Updated 14 May 2024.
Questions about 1201, ICONIC Tower by Mered
What did unit 1201 last sell for?
AED 2,314,634 on 14 May 2024, sold by the developer: AED 2,671 per sqft for 866 sqft. It is the only registered sale of the unit.
How big is unit 1201?
866 sqft (80.5 sqm): a one-bedroom apartment on the 12th floor of a 57-storey tower.
What is unit 1201 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in ICONIC Tower by Mered sold for AED 3,297,128 to 4,976,995 in the last 12 months, around AED 3,743 per sqft.
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Mortgage on 1201, ICONIC Tower by Mered
Starts from the last sale price (AED 2.31M, 14 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,314,634
- Deposit, UAE resident (20%)
- AED 462,927
- Deposit, non-resident (40%)
- AED 925,854
- Monthly over 25 years at 3.7%
- AED 9,470
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →