Mered, a leading real estate developer, has reported significant progress on its ultra-luxury residential tower - Iconic Residences Design by Pininfarina - located in Dubai with its fully mobilised teams achieving key milestones in structural works, MEP systems, interior fit-outs, and material co-ordination.
Iconic Residences is a G+66 floor ultra-luxury residential tower set to become an architectural landmark in Dubai. Designed by the legendary Italian firm Pininfarina, the tower draws inspiration from the city’s sand dunes and flowing ocean waves. The development will house 310 premium apartments and a signature two-level penthouse, offering residents world-class amenities, including infinity pools, wellness and spa facilities, padel court, lounges, family areas, luxury retail spaces, and air-conditioned parking spaces, said Mered in a statement.
Its strategic location provides breathtaking views of Dubai’s landmarks and direct access to Palm Jumeirah, Dubai Harbour, Downtown, Bluewaters Island, Emirates Golf Club, and Sheikh Zayed Road.
Giving a project update, Mered said as of March, the tower has reached approximately 125m with work advancing steadily on Level 22. On the first technical floor, MEP systems are being installed, forming the backbone of the building’s technical infrastructure.
Across the residential component, apartment works are progressing in parallel, with teams of engineers, technicians and skilled tradespeople actively coordinating each phase on site. Deliveries of finishing materials for all units have been scheduled to ensure a smooth transition to the next stages of fit-out, said the statement.
Mered's in-house quality control department monitors excellence at every stage of the work, it added.
On its key achievements, CEO Michael Belton said: "Every milestone at Iconic Residences reflects the resilience of the UAE property market. This tower will stand as a symbol of innovative design, architectural excellence, and the enduring strength of Dubai’s real estate sector."
According to him, the development’s impressive construction progress is supported by the broader stability of the UAE real estate market.
Recent steps by the Central Bank of the UAE, designed to strengthen liquidity and safeguard the banking sector, help maintain a stable environment for lending and economic activity. This stability enables banks to continue providing financing to buyers, investors, and developers, contributing to smoother cash flow in the property industry.
Iconic Residences is backed by a team of world-class experts, including Pininfarina, Hirsch Bedner Associates (HBA), SERA Group, Currie & Brown, Bond Interiors, and more, ensuring meticulous coordination across every aspect of the development.
Combined with Mered’s expertise and the stability of the UAE property market, Iconic Residences is well-positioned to achieve its delivery and performance goals by Q3 2027, stated Belton.
"We will continue to drive the project steadily, upholding the highest standards of quality," he added.
