704, ICONIC Tower by Mered
Sold prices and rental history: sold once, by the developer in March 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 704, ICONIC Tower by Mered
What is 704 worth today?
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Source: Dubai Land Department. Updated 11 March 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,095 sqft
- Floor
- 7th of 57
- Parking
- 1
- Developer
- Mered Residences Real Estate
- Last sold
- AED 3.48M · March 2024
- Building
- ICONIC Tower by Mered
About 704, ICONIC Tower by Mered
704 is a one-bedroom apartment of 1,095 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 11 March 2024 for AED 3,480,797, or AED 3,179 per sqft, in line with the AED 3,248 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 704 over time
704 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 704 sits
All 95 1-beds →704 last sold in March 2024 at AED 3,179 per sqft, in line with what one-beds in ICONIC Tower by Mered were fetching at the time (AED 3,248). 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 Mered704, ICONIC Tower by Mered in numbers
- Sold once: by Mered Residences Real Estate on 11 March 2024 for AED 3,480,797, or AED 3,179 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 11 March 2024.
Questions about 704, ICONIC Tower by Mered
What did unit 704 last sell for?
AED 3,480,797 on 11 March 2024, sold by the developer: AED 3,179 per sqft for 1,095 sqft. It is the only registered sale of the unit.
How big is unit 704?
1,095 sqft (101.7 sqm): a one-bedroom apartment on the 7th floor of a 57-storey tower.
What is unit 704 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 704, ICONIC Tower by Mered
Starts from the last sale price (AED 3.48M, 11 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,480,797
- Deposit, UAE resident (20%)
- AED 696,159
- Deposit, non-resident (40%)
- AED 1,392,319
- Monthly over 25 years at 3.7%
- AED 14,241
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →