Developer MERED has announced significant progress on ICONIC Residences design by Pininfarina, one of the firm’s ultra-luxury residential projects. The update reflects steady advancement across key construction phases while reinforcing confidence in the emirate’s resilient off-plan property market.
Work on the G+66-storey tower is progressing in line with schedule, with multiple teams fully mobilised across structural works, MEP systems, interior fit-outs, and material coordination. The development continues to move forward amid a stable real estate environment, supported by government-led measures aimed at safeguarding the sector and ensuring project continuity.
Designed by Italian design house Pininfarina, ICONIC Residences draws inspiration from Dubai’s natural landscape, blending fluid architectural lines reminiscent of sand dunes and ocean waves. The tower will feature 310 residences alongside a signature 2-level penthouse, complemented by a range of amenities including infinity pools, wellness and spa facilities, a padel court, lounges, family spaces, luxury retail outlets, and air-conditioned parking.
Strategically located, the project offers connectivity to key destinations such as the Palm Jumeirah, Dubai Harbour, Downtown Dubai, Bluewaters Island, Emirates Golf Club, and Sheikh Zayed Road, while also delivering panoramic views of the city skyline.
As of March 2026, construction has reached 125m, with works advancing at Level 22. Installation of MEP systems is underway on the first technical floor, supporting the building’s core infrastructure.
Residential units are also progressing in parallel, with coordinated efforts from engineers and contractors ensuring execution. Finishing material deliveries have been scheduled to support the next phase of interior works, while MERED’s in-house quality control team continues to monitor standards throughout the process.
“Every milestone at ICONIC Residences reflects the resilience of the UAE property market,” comments Michael Belton, CEO of MERED. “We will continue to drive the project steadily, upholding the highest standards of quality. We are grateful for the UAE government’s proactive approach in supporting a stable and resilient market, which enables developments like ICONIC Residences to progress with confidence. This tower will stand as a symbol of innovative design, architectural excellence, and the enduring strength of Dubai’s real estate sector.”
Recent measures by the UAE Central Bank to enhance liquidity and strengthen the banking sector have further supported market stability, enabling continued access to financing for buyers and developers. This has contributed to sustained momentum across Dubai’s real estate sector, particularly within the off-plan segment.
ICONIC Residences is being delivered in collaboration with a team of global partners, including Pininfarina, Hirsch Bedner Associates (HBA), SERA Group, Currie & Brown, and Bond Interiors. With construction progressing steadily, the development remains on track for completion by Q3 2027.
MERED advances ICONIC Residences as Dubai’s off-plan market shows resilience Middle East Construction News.
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