ICON TOWER

OVERVIEW

Icon Tower is a commercial office building in Al Barsha Heights (TECOM), comprising fifteen floors of which eleven are dedicated to office use. Units are sold and leased on a freehold basis across a floor plate range of approximately 1,138 to 2,892 square feet, accommodating owner-occupiers and investors seeking defined, self-contained offices within the TECOM free zone cluster. The building is distinguished from many Al Barsha Heights strata properties by its on-site lifestyle amenities — including a gymnasium and swimming pool — which are uncommon at this scale within the submarket and provide a meaningful differentiation advantage in the occupier market. TECOM free zone licensing is available to registered tenants and unit owners.

OFFICE STOCK AND TENANT PROFILE

The freehold ownership structure accommodates a mix of technology, consultancy, and professional services firms typical of the TECOM cluster. Unit sizes of approximately 1,138 to 2,892 square feet suit small-to-medium enterprises and regional representative offices requiring self-contained, defined office space without committing to larger floor plates. On-site amenities including the gymnasium and swimming pool are differentiating features at this building scale within Al Barsha Heights, improving occupier satisfaction and retention relative to comparable minimal-amenity freehold building. The building is marketed through established commercial brokers including Cushman & Wakefield, supporting market visibility across the leasing and sales segments.

RENTAL MARKET

Icon Tower is positioned in the accessible-to-mid tier of the Al Barsha Heights leasing market. The unit size range supports lease enquiries from SMEs and individual business users who represent the primary demand driver across the Al Barsha Heights freehold segment. The Dubai Internet City Metro Station proximity and TECOM free zone address underpin sustained occupier demand. The on-site gymnasium and swimming pool provide an amenity advantage relative to comparably priced freehold building in the submarket, supporting rental stability and reducing vacancy periods. Lease terms are consistent with the broader Al Barsha Heights secondary sales market.

SALES MARKET

As a freehold asset, Icon Tower supports active secondary market transactions at the entry-to-mid tier of the Al Barsha Heights investment market. Units at approximately 1,138 to 2,892 square feet attract investor buyers seeking small-lot TECOM district exposure with manageable capital outlay. Gross yields are broadly consistent with the Al Barsha Heights freehold average. The on-site gymnasium and swimming pool add differentiated occupier appeal relative to minimal-amenity strata peers, supporting rental stability and investment yield consistency. Investors should review service charge schedules, as amenity maintenance generates above-minimal running costs that affect net yield calculations.

LOCATION AND ACCESS

Icon Tower is located within Al Barsha Heights (TECOM), adjacent to Dubai Internet City and Dubai Media City, with straightforward access to Sheikh Zayed Road via the TECOM internal road network. The Dubai Internet City Metro Station (Red Line) is within proximity, providing direct rail connectivity to Business Bay, Downtown Dubai, and Dubai Marina. The surrounding free zone environment provides an established business ecosystem with retail, F&B, and hotel supporting infrastructure. Dubai International Airport is approximately 25 to 30 minutes by road in off-peak conditions.

RISKS AND WATCHPOINTS

Icon Tower's compact floor plates — maximum approximately 2,892 square feet — limit its appeal to larger corporate occupiers requiring contiguous multi-staff space. The building competes in an oversupplied freehold segment where comparable products are available across Al Barsha Heights. Strata management complexity across individual unit owners can affect the consistency of building maintenance and shared amenity standards over time. Rental upside is constrained by the pricing ceiling of the accessible tier and the depth of competing strata supply in the submarket. Investors and occupiers should verify service charge levels, particularly given the amenity maintenance obligations for the gymnasium and swimming pool. Buyers should confirm service charge levels and the maintenance schedule for shared amenity facilities, particularly the gymnasium and swimming pool.

STRATEGIC PERSPECTIVE

Icon Tower is a practical and well-located TECOM office option for small and medium businesses seeking self-contained units within the Al Barsha Heights free zone cluster. The on-site gymnasium and swimming pool are genuinely uncommon for a freehold building of this scale in the submarket, providing a modest but real differentiation advantage over comparable properties. Unit sizes are well-suited to the SME and freelance professional market that drives the bulk of Al Barsha Heights strata demand. Not a flagship asset, but a functional one with steady occupier demand at the accessible tier, credible investment yield, and a manageable entry price point for investors. Verify service charges before committing.