701, ICONIC Tower by Mered
Sold prices and rental history: sold once, by the developer in August 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 701, ICONIC Tower by Mered
What is 701 worth today?
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Source: Dubai Land Department. Updated 9 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 867 sqft
- Floor
- 7th of 57
- Parking
- 1
- Developer
- Mered Residences Real Estate
- Last sold
- AED 2.56M · August 2024
- Building
- ICONIC Tower by Mered
About 701, ICONIC Tower by Mered
701 is a one-bedroom apartment of 867 sqft on the 7th floor of ICONIC Tower by Mered, a 57-storey tower in Dubai Internet City by Mered Residences Real Estate . The developer sold it on 9 August 2024 for AED 2,555,795, or AED 2,949 per sqft, 9% below the AED 3,244 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 701 over time
701 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 701 sits
All 95 1-beds →701 last sold in August 2024 at AED 2,949 per sqft, 9% below what one-beds in ICONIC Tower by Mered were fetching at the time (AED 3,244). 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 7th floor
All 188 units in ICONIC Tower by Mered701, ICONIC Tower by Mered in numbers
- Sold once: by Mered Residences Real Estate on 9 August 2024 for AED 2,555,795, or AED 2,949 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 9 August 2024.
Questions about 701, ICONIC Tower by Mered
What did unit 701 last sell for?
AED 2,555,795 on 9 August 2024, sold by the developer: AED 2,949 per sqft for 867 sqft. It is the only registered sale of the unit.
How big is unit 701?
867 sqft (80.5 sqm): a one-bedroom apartment on the 7th floor of a 57-storey tower.
What is unit 701 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 701, ICONIC Tower by Mered
Starts from the last sale price (AED 2.56M, 9 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,555,795
- Deposit, UAE resident (20%)
- AED 511,159
- Deposit, non-resident (40%)
- AED 1,022,318
- Monthly over 25 years at 3.7%
- AED 10,457
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →