507, ICONIC Tower by Mered
Sold prices and rental history: sold once, by the developer in February 2025, 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 507, ICONIC Tower by Mered
What is 507 worth today?
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Source: Dubai Land Department. Updated 25 February 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 871 sqft
- Floor
- 5th of 57
- Parking
- 1
- Developer
- Mered Residences Real Estate
- Last sold
- AED 2.26M · February 2025
- Building
- ICONIC Tower by Mered
About 507, ICONIC Tower by Mered
507 is a one-bedroom apartment of 871 sqft on the 5th floor of ICONIC Tower by Mered, a 57-storey tower in Dubai Internet City by Mered Residences Real Estate . The developer sold it on 25 February 2025 for AED 2,257,015, or AED 2,590 per sqft, 10% below the AED 2,868 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 507 over time
507 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 507 sits
All 78 1-beds →507 last sold in February 2025 at AED 2,590 per sqft, 10% below what one-beds in ICONIC Tower by Mered were fetching at the time (AED 2,868). Over the last 12 months one-beds sold for AED 3,705,374, around AED 3,275 per sqft.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Jul 202530 July 2025 | 1,095 sqft | 3,690,399 | 3,370 | ||
| 27 Jul 202527 July 2025 | 875 sqft | 3,464,063 | 3,960 | ||
| 15 Jul 202515 July 2025 | 871 sqft | 3,421,203 | 3,926 | ||
| 4 Jul 20254 July 2025 | 1,078 sqft | 4,572,344 | 4,240 |
ICONIC Tower by Mered
Building148 apartments, 1-bed to 4-bed over 57 floors in Dubai Internet City by Mered Residences Real Estate . 5 sold in the last 12 months.
- Typical price per sqft
- AED 3,537
- Typical sale
- AED 7.24M
- Typical rent
- Few contracts
- Typical yield
Other units on the 5th floor
All 148 units in ICONIC Tower by Mered507, ICONIC Tower by Mered in numbers
- Sold once: by Mered Residences Real Estate on 25 February 2025 for AED 2,257,015, or AED 2,590 per sqft.
- One-beds in ICONIC Tower by Mered sold for AED 3,705,374–3,705,374 in the 12 months to November 2026; the building's median across all types is AED 3,537 per sqft.
Source: Dubai Land Department. Updated 25 February 2025.
Questions about 507, ICONIC Tower by Mered
What did unit 507 last sell for?
AED 2,257,015 on 25 February 2025, sold by the developer: AED 2,590 per sqft for 871 sqft. It is the only registered sale of the unit.
How big is unit 507?
871 sqft (80.9 sqm): a one-bedroom apartment on the 5th floor of a 57-storey tower.
What is unit 507 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 3,705,374 to 3,705,374 in the last 12 months, around AED 3,275 per sqft.
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Mortgage on 507, ICONIC Tower by Mered
Starts from the last sale price (AED 2.26M, 25 February 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 2,257,015
- Deposit, UAE resident (20%)
- AED 451,403
- Deposit, non-resident (40%)
- AED 902,806
- Monthly over 25 years at 3.7%
- AED 9,234
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →