Iconic Tower Property Development By Mered Development

Last Updated on: 13th November 2024, 03:19 am

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The Iconic Tower Property Development By Mered Development marks an extraordinary shift in the realm of luxury real estate within Dubai Internet City. Renowned for its exceptional iconic tower architecture, this high-rise residential development is designed by the prestigious Pininfarina, famous for its automotive artistry. With an impressive height of 286.4 meters and soaring 66 floors high, this tower is on track to be the tallest residential building in its area, featuring a total of 310 sophisticated residences, complemented by stunning sea views¹. Set to be completed by Q3 2027, this premier property developer not only focuses on aesthetic appeal but also integrates state-of-the-art technology and comprehensive amenities, making it a significant landmark for prospective buyers and discerning investors alike².

Key Takeaways

• The Iconic Tower features 1, 2, 3, and 4-bedroom options and includes a singular penthouse.
• It comprises 310 luxurious residences and offers retail spaces spanning 15,000 square feet.
• Designed by Pininfarina, it stands at 66 floors with various luxurious amenities.
• Properties start at AED 2.6M and have a favorable 50/50 payment plan.
• The location ensures easy access to major motorways and leisure attractions in Dubai.
• The project includes a range of amenities like an infinity pool and private cinema, catering to diverse resident needs.

Overview of Iconic Tower Development

The Iconic Tower stands as a testament to modern engineering and design in Egypt’s New Administrative Capital. This exceptional skyscraper, conceptualized through the collaborative efforts of Mered Development projects and leading architectural firms, redefines iconic tower architecture. The tower’s remarkable structure, reaching nearly 400 meters high, is not only a visual landmark but also a cornerstone of high-end residential development.

Architectural Design and Innovation

The architectural design of the Iconic Tower is inspired by ancient Egyptian culture, particularly the pharaonic obelisk, showcasing innovative property design that harmonizes luxury with historical significance. This cooperation between Mered Development and renowned design teams highlights their commitment to creating structures that are both aesthetically pleasing and functional. The use of sustainable materials ensures that a significant portion of the tower’s construction reflects environmentally conscious practices, with a substantial percentage of sustainable features integrated into its design.

Key Project Information

The Iconic Tower includes 310 total apartments with living spaces ranging from 858 to 4,696 square feet. Construction commenced in May 2018, and the building was completed in 2024, fulfilling its role as the tallest structure in Africa, surpassing the Great Mosque of Algiers Tower in Algeria 1³. With a construction cost estimated at EGP 4 billion for the first phase and supervision led by the China State Construction Engineering Company, the tower symbolizes a strategic investment in Egypt’s urban landscape⁴. As the project advances, it sets the stage for elevated standards in residential developments, confirming Mered Development’s influence in the real estate sector.

Luxury Amenities and Features

The Iconic Tower is designed to provide residents with a luxurious lifestyle enriched by a variety of exclusive on-site amenities. This enticing array is thoughtfully curated to enhance comfort and convenience, ensuring an exceptional living experience.

Exclusive On-site Amenities

Spanning across two floors, the development boasts an impressive range of amenities, including an infinity pool, spa center, and private cinema. Fitness enthusiasts will appreciate the well-equipped fitness facilities, while social gatherings can be hosted in expansive outdoor terraces and BBQ zones. With 310 luxury apartments available, ranging from 1-4 bedrooms, there are options tailored for various lifestyles, all designed with modern aesthetics and luxury finishes⁵.

The amenities cater to a premium lifestyle, ensuring that residents have everything they need within reach. The complex also features smart parking for 428 cars, underscoring the focus on accessibility and convenience for both residents and guests⁵.

Smart Living Options

Incorporating smart living options throughout, the Iconic Tower offers modern solutions such as smart parking with EV charging stations. These features are indicative of a forward-thinking approach to luxury property investments, aligning with the needs of eco-conscious residents. The inclusion of advanced security systems only adds to the overall safety and comfort of the living environment⁶.

As construction progresses towards a completion date set for QIII 2027, prospective buyers can look forward to an unparalleled lifestyle enriched by both luxury and cutting-edge technology, making this development a prime opportunity in Dubai’s dynamic real estate market⁵.

Prime Location of Iconic Tower

The Iconic Tower stands out in the vibrant real estate landscape of Dubai due to its exceptional location. This prime location not only enhances the allure of luxury real estate in Dubai but also significantly impacts the accessibility residents enjoy. With major roadways and a robust transportation network connecting the tower to various parts of the city, residents benefit from seamless commuting options.

Accessibility and Convenience

Accessibility plays a crucial role in making the Iconic Tower an attractive choice for those seeking an upscale lifestyle. Its strategic placement in Dubai Internet City means that major business districts and commercial hubs are just a short drive away. The area’s connectivity makes it an ideal spot for professionals who desire a convenient living experience while pursuing their careers.

Proximity to Educational and Medical Institutions

Families will find the location of Iconic Tower particularly appealing due to its close proximity to esteemed educational and medical institutions. Quality schools and renowned medical facilities enrich the appeal of living in this prime location. The presence of such critical services contributes to a well-rounded lifestyle that caters to the needs of both young professionals and families alike, ensuring that all residents can thrive in a community that mirrors the luxury and convenience they desire.

This integration of accessibility and the presence of vital medical institutions enhances the overall allure of luxury real estate in Dubai, making Iconic Tower a coveted investment opportunity⁷.

Conclusion

The Iconic Tower Property Development By Mered Development is poised to redefine the landscape of luxury living in Dubai. Standing approximately 400 meters high, it will be the tallest tower in Egypt and Africa, establishing a benchmark for high-end residential development⁸. With its innovative architectural design, the project offers a total area exceeding seven million square meters, ensuring an array of luxurious amenities that promise an unparalleled living experience⁸.

As the project progresses towards completion in 2027, the demand for such extraordinary living options is anticipated to surge⁸. The development, featuring a mix of commercial, hotel, and administrative units, provides flexible payment plans that make investing in this landmark project an attractive option for discerning buyers and investors alike⁸. The combination of modern security systems, recreational facilities, and immediate access to essential services further enhances its appeal in the rapidly evolving real estate market.

The Iconic Tower is not just a structure; it is a transformative investment opportunity reflecting the future of urban living. By blending luxury with convenience, it is set to attract homebuyers and investors seeking high-end residential development in one of the most dynamic urban environments⁸. For those looking to explore the full potential of this investment, detailed information can be found here.

Source Links

1. https://www.tanamiproperties.com/Projects/Mered-Iconic-Tower
2. https://iconic-dubai.ae/
3. https://www.skyscrapercenter.com/building/iconic-tower/34420
4. https://www.re-thinkingthefuture.com/case-studies/a9631-project-in-depthiconic-tower/
5. https://www.axcapital.ae/offplan/detail/iconic-tower
6. https://blogs.realestate.gov.eg/sixty-iconic-tower/
7. https://www.tm-realestates.com/en/Projects/central-iconic-tower
8. https://contactdevelopments.com/the-iconic-tower-and-the-most-famous-new-capital-towers-near-it/