Palm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026

Dubai Land Department register

Iconic

Under constructionSite ACompletion on file Feb 2028

319 homes on the DLD register in Al Safouh Second, filed by Mered Residences Real Estate L.L.C. 192 sales have been registered against it between 27 Jan 2003 and 30 Sep 2026.

Construction completeUnder construction

Recorded at DLD's site inspection of 11 Aug 2026. That is an inspector's last visit, not today — the site has moved on since.

Developer entityMered Residences Real Estate L.L.C
Area (DLD)Al Safouh Second
StatusUnder construction
Homes319
Registered sales192
Project registry

THE DLD RECORD

Registry as at 4 Oct 2026
Registered developer entityMered Residences Real Estate L.L.C
Area (DLD)Al Safouh Second
Master communitySite A
Project statusUnder construction
Construction progress34.86% complete (DLD inspection, 11 Aug 2026)
Homes registered319
Buildings1
Registered start30 Sep 2024
Registered completion date28 Feb 2028
DLD project number2865
Description as recorded by DLD

The project is composed of B + G + 5P + 60F+ 1 Mec F + Roof ,residential units.

Reproduced from the register verbatim, including its own abbreviations. It is the developer’s filed description, not our assessment of the project.

Project escrow account
Escrow trustee bankMashreq Bank Psc
Escrow account019500000460

Under Dubai Law No. 8 of 2007 every payment on a registered off-plan project goes into that project’s escrow account, held at a DLD-approved trustee bank and released to the developer against verified construction progress — not to the developer direct and not to a broker. Check these details in DLD’s own Dubai REST app against the project number above before you transfer anything, and treat any account number that differs from the one DLD shows as a reason to stop. Substituted account details are a known fraud in this market. Reproduced from the DLD register as at 4 Oct 2026; account details can change, and DLD’s record is the authority, not this page.

Source: Dubai Land Department project register. The developer, area, counts and filed dates are as recorded at 4 Oct 2026; the project status and escrow details as at 4 Oct 2026. Construction progress carries the date of the DLD site inspection that produced it, which is a different date again and is stated on the row — where the register holds no dated inspection, no percentage is published rather than an undated one. “Registered completion date” is the completion date on file at DLD; it is a date on record, not a guarantee of handover, and where that date has already passed it means only that the register has not been updated, not that the project handed over. Homes counted as registered apartments plus registered villas. Figures on this panel are the registry’s, and are stated as at different dates from the transaction figures elsewhere on the page. Registered completion: Feb 2028.

Registered sales

REGISTERED SALE PRICES

DLD register · as at 5 Oct 2026

192 sales were registered against Iconic between 27 Jan 2003 and 30 Sep 2026 — a span of 284 months. Those are completed registrations at the Dubai Land Department, not asking prices or listings.

Median AED/sqft
3,706
Across 48 apartment and villa sales since 28 Apr 2025
Median price
AED 5.46m
Median size 1,599 sqft
Registered sales
192
27 Jan 2003 to 30 Sep 2026
Vs area median
+232.7%
Al Safouh Second: 1,114 AED/sqft, 220 sales, all registration types, 12 months to 5 Oct 2026

The two figures behind that percentage are not drawn on the same population. This project’s median covers every registration type across the whole register we hold (28 Apr 2025 to 5 Oct 2026). The area figure covers all registration types in Al Safouh Second over the 12 months to 5 Oct 2026, pooled on the transaction register’s own area name, which does not always match the project register’s name shown above. Unit mix, floor level and view are not controlled for on either side, and neither is use class: DLD registers offices and shops as units, so registered retail and office sales are pooled into both figures, and retail trades at a materially higher rate per square foot than residential stock in the same building. In sectors where commercial space is a large share of what registers, the area figure sits well above the residential rate. Read it as an indication of where this project sits in its area, not as a like-for-like comparison.

Median AED/sqft by quarter
3,558Q2 2025n=83,812Q3 2025n=113,635Q4 2025n=133,964Q1 2026n=114,490Q2 2026n=13,658Q3 2026n=4

A quarter with fewer than 20 registered sales is drawn hollow, with its sale count underneath. The change between quarters is quoted only between quarters that reached 20. Points are spaced evenly rather than by date.

By unit size
TypeSalesMedian sizeMedian AED/sqft
1 bedroom151,095 sqft3,743
2 bedrooms221,610 sqft3,618
3 bedrooms42,305 sqft3,641
4 bedrooms72,723 sqft3,843

Every band shows its median with its sale count. A band with fewer than 5 registered sales is shown in a lighter tone: read it as those sales, not as the rate for that unit type.

Registration timing
Registration typeSalesMedian AED/sqft
Registered before completion483,706
Registered after completion0—

DLD splits registrations by timing: an off-plan registration is entered before the unit legally completes, an existing registration after. Where both appear, the gap between them reflects that difference as much as any movement in value. A side with fewer than 5 registered sales is shown in a lighter tone: read it as those sales, not as a rate.

Buildings in the register
BuildingSales
ICONIC48
The last 12 registrations to 5 Oct 2026
DateTypeUnitSizePriceAED/sqft
15 Sep 2026Off-plan2 bedrooms1,599 sqftAED 5,615,1003,511
27 Aug 2026Off-plan1 bedroom1,173 sqftAED 4,391,0203,743
13 Aug 2026Off-plan2 bedrooms2,364 sqftAED 8,447,7563,574
31 Jul 2026Off-plan1 bedroom1,108 sqftAED 5,284,3754,767
3 Apr 2026Off-plan1 bedroom1,108 sqftAED 4,976,9954,490
10 Mar 2026Off-plan1 bedroom1,095 sqftAED 4,098,8363,744
9 Mar 2026Off-plan4 bedrooms2,776 sqftAED 11,103,1884,000
13 Feb 2026Off-plan2 bedrooms1,335 sqftAED 4,807,9423,602
11 Feb 2026Off-plan1 bedroom1,137 sqftAED 4,972,4024,372
9 Feb 2026Off-plan2 bedrooms1,616 sqftAED 7,765,5394,804
3 Feb 2026Off-plan2 bedrooms1,326 sqftAED 5,257,7413,964
26 Jan 2026Off-plan2 bedrooms2,381 sqftAED 10,310,3814,330

Basis: Dubai Land Department transaction register, arm’s-length sales of units and villas only. Gifts, mortgage registrations, zero-price rows, land plots and whole-building transfers are excluded, as are AED/sqft values outside 100–20,000. Figures are medians, not averages. The medians, trend and quarterly table above are drawn on the part of the register we hold in full detail, which runs from 28 Apr 2025 to 5 Oct 2026; 28 Apr 2025 is the earliest date there, not the date this project started selling. The sale count and date span in the opening sentence cover all registered history to 2 Oct 2026, from the transaction feed below. This page is a dated extract taken on 6 Oct 2026, not a live query. Past registered prices are evidence of what has been paid, not a forecast of future value.

Transaction history

ALL REGISTERED SALES

DLD register · to 2 Oct 2026
Median AED/sqft, last 6 months, apartments and villas
3,773
Across 17 registered sales to 2 Oct 2026
Registered sales, all time
192
27 Jan 2003 to 30 Sep 2026
The latest 25 of 192 sales, newest first
DateProperty typeBedroomsArea (sq ft)Price (AED)AED per sq ft
30 Sep 2026Flat2 B/R2,3817,592,3813,188
22 Sep 2026Flat1 B/R8693,895,1114,484
16 Sep 2026Flat2 B/R1,5995,615,0993,511
27 Aug 2026Flat1 B/R1,1734,391,0203,743
13 Aug 2026Flat2 B/R2,3648,447,7553,574
31 Jul 2026Flat1 B/R1,1095,284,3754,767
26 Jun 2026Flat1 B/R8753,580,9584,095
17 Jun 2026Flat2 B/R1,6085,865,2223,648
4 Jun 2026Flat1 B/R8693,841,3594,422
4 Jun 2026Flat2 B/R1,6127,448,7504,620
3 Jun 2026Flat1 B/R1,1874,200,0003,538
2 Jun 2026Flat2 B/R1,3265,004,3343,773
1 May 2026Flat1 B/R8753,464,4303,961
1 May 2026Flat2 B/R1,6377,781,4284,753
29 Apr 2026Flat1 B/R1,1873,297,1282,777
27 Apr 2026Flat2 B/R1,3264,259,7173,212
3 Apr 2026Flat1 B/R1,1094,976,9954,490
10 Mar 2026Flat1 B/R1,0784,779,6994,433
10 Mar 2026Flat1 B/R1,0954,098,8363,744
9 Mar 2026Flat4 B/R2,77611,103,1884,000
13 Feb 2026Flat2 B/R1,3354,807,9423,602
11 Feb 2026Flat1 B/R1,1374,972,4024,372
9 Feb 2026Flat2 B/R1,6167,765,5394,804
3 Feb 2026Flat2 B/R1,3265,257,7413,964
27 Jan 2026Flat2 B/R1,6528,440,7035,108

Source: Dubai Land Department sales register, every registered sale held against this project, as at 2 Oct 2026. The count is every registered sale, of any property type, over the project’s whole history. The median is a separate measure: it covers the 6 months to that date and uses only apartment and villa sales in that period that carry a price and an area. Offices, shops, land and other non-residential sales are listed above but never enter it. Areas are DLD’s square metres converted to square feet.

Location

REGISTERED SALES NEARBY

Nearest metroDubai Internet City
Nearest mallMall of the Emirates
Nearest landmarkBurj Al Arab

These are the values DLD records against this project’s own registered sales, not a distance we measured. Where a project’s sales disagree, the most frequently recorded value is shown.

Next step

ASK US ABOUT ICONIC

This page is the public register — the project record as at 4 Oct 2026, and the transaction register to 5 Oct 2026.

  • AVAILABILITY

    On the register

    319 homes

    From the DLD project record as at 4 Oct 2026, filed at status “Under construction” as at 4 Oct 2026.

    Not on the register

    What is available now

  • PRICE

    On the register

    192 registered sales

    Prices already paid, registered between 27 Jan 2003 and 30 Sep 2026.

    Not on the register

    At what price

  • PAYMENT TERMS

    On the register

    —

    The DLD project register carries no payment-plan data of any kind.

    Not on the register

    On what payment terms

  • THE SPECIFIC UNIT

    On the register

    12 recent registrations

    Listed above with date, size, price and AED per square foot.

    Not on the register

    How the specific unit compares with the ones already registered

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