Mered · Dubai Internet City · handover Q1 2028
Iconic Residence payment plan
Iconic Residence by Mered in Dubai Internet City, Dubai is sold on a 25/25/50 payment plan. On the cheapest unit, starting from AED 3.0M, that is AED 3.0M (100%) paid by handover in Q1 2028. Handover is 18 months away.
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- BrochurePDF
- Floor plansPDF
The Iconic Residence payment plan in dirhams
Payment plan as published by the developer
| Stage | Share |
|---|---|
| On booking | 25% |
| During construction | 25% |
| Upon Handover | 50% |
On the cheapest unit (1–4 BR, AED 3.0M)
| On booking | AED 746,368 |
| During construction | AED 746,368 |
| Upon Handover | AED 1,492,735 |
| Total (100%) | AED 2,985,470 |
| Months to handover | 18 |
Percentages as published by Mered. Dirham figures are those percentages applied to the published starting price of AED 2,985,470. Registration and other fees are not included.
The Iconic Residence instalment schedule, line by line
Every instalment Mered publishes for Iconic Residence, in order, with the charges listed alongside the plan.
Payment Plan
Published by Mered
| Stage | Instalment | Share | On AED 2,985,470 |
|---|---|---|---|
| On booking25% | On booking | 5% | AED 149,274 |
| On signing SPA | 20% | AED 597,094 | |
| July 2027fee | 4% | AED 119,419 | |
| Admin Feefee | fixed | AED 1,095 | |
| During construction25% | October 2026 | 5% | AED 149,274 |
| January 2027 | 5% | AED 149,274 | |
| March 2027 | 5% | AED 149,274 | |
| May 2027 | 5% | AED 149,274 | |
| July 2027 | 5% | AED 149,274 | |
| Upon Handover | as published | 50% | AED 1,492,735 |
| Total of the plan | 100% | AED 2,985,470 | |
Lines marked fee (July 2027, Admin Fee) are charges the developer lists alongside the plan. They are paid on top of the price and are not part of the percentages above.
Instalments and charges as published by Mered; the dirham column applies each percentage to the published starting price of AED 2,985,470. Fixed charges are printed as published. Registration with the Land Department is shown separately below.
What each unit size pays at Iconic Residence
The same plan, applied to the starting price Mered publishes for each size in the building.
| Unit | From | On booking (25%) | During construction (25%) | Upon Handover (50%) |
|---|---|---|---|---|
| 1 bedfrom 864 sq ft | AED 2,985,470 | AED 746,368 | AED 746,368 | AED 1,492,735 |
| 2 bedfrom 1,276 sq ft | AED 4,584,808 | AED 1,146,202 | AED 1,146,202 | AED 2,292,404 |
| 4 bedfrom 2,516 sq ft | AED 10,037,966 | AED 2,509,492 | AED 2,509,492 | AED 5,018,983 |
Starting price per size as published by Mered; each column is that size’s published starting price multiplied by the stage percentage above.
What it costs to register Iconic Residence
The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to Mered and not to EZRE, and it sits outside the payment plan above. Administration, trustee and any developer charges are separate and are not shown here.
| Unit | From | Land Department 4% |
|---|---|---|
| 1 bed | AED 2,985,470 | AED 119,419 |
| 2 bed | AED 4,584,808 | AED 183,392 |
| 4 bed | AED 10,037,966 | AED 401,519 |
4% applied to each published starting price. The rate is the Dubai Land Department’s published registration fee and is not a figure from the register.
Everything else on Iconic Residence
Iconic Residence payment plan: questions buyers ask
- What is the payment plan for Iconic Residence?
- Iconic Residence by Mered is sold on a 25/25/50 plan: 25% on booking, 25% during construction, 50% upon handover, as published by the developer.
- How much is the booking amount for Iconic Residence?
- 25% of the price. On the cheapest unit at AED 3.0M that is AED 746,368.
- How much do I pay before I get the keys to Iconic Residence?
- 100% of the price, the payment due on handover day included. On the cheapest unit at AED 3.0M that is AED 3.0M by handover in Q1 2028.
- Does Iconic Residence have a post-handover payment plan?
- No. The published plan completes at handover in Q1 2028.
- What are the registration fees on Iconic Residence?
- The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 3.0M that is AED 119,419. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.
- When is the handover of Iconic Residence?
- Mered publishes Q1 2028, which is 18 months from now.
Mered payment plans
Other Mered payment plans
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AED 3.0M
handover Q1 2028