Construction is set for completion by September 2027. Credit: Joe Ciciarelli via Unsplash.

International real estate developer MERED has partnered with Dutch Foundation Dubai (DFD) to initiate the construction of the ICONIC Tower, a luxury residential development in Dubai, United Arab Emirates.

A ground-breaking ceremony was held to mark the start of construction, according to a press release posted on Zawya. 

This move comes after MERED officially unveiled the name of its flagship project in January this year. 

Full-service engineering foundation company DFD is noted to contribute more than 500 professionals and extensive experience to the partnership. 

Italian design house Pininfarina will collaborate on this project.  

See Also:

MERED CEO Diana Nilipovscaia said: “The construction journey ahead promises to redefine architectural excellence in Dubai. Our bold vision, crafted from the MERED team’s development expertise and Pininfarina’s renowned design legacy, positions the ICONIC Tower as a beacon of avant-garde design and quality.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“With total real estate transactions in the emirate increasing by 33.8% annually, and values rising more than 36.7%, the ICONIC Tower is perfectly positioned to meet the growing demand for luxury living in Dubai.” 

The ICONIC Tower will be 286.4m tall and house 311 luxury apartments. 

It will offer a range of amenities such as a private lounge, gym, cinema, sauna, ice spa, and more.  

The tower will also provide 423 parking spaces, including air-conditioned spots, for residents’ convenience. 

DFD general manager Michel Farah said: “We are committed to this project and we will finish it on time.” 

Construction is expected to be completed by September 2027.