ICONIC Residences by MERED in Dubai Internet City is under construction. The developer's stated handover is Q3 2027. Source: MERED official project page. Last verified 15 August 2026.
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Handover facts
| Expected handover | Q3 2027 |
|---|---|
| Construction status | under construction |
| Source | MERED official project page |
| Last verified | 15 August 2026 |
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What happens now
ICONIC Residences is under construction. Until the developer issues the completion notice, your obligations follow the payment plan in your Sales and Purchase Agreement (SPA), and the developer's obligations follow the anticipated completion date written in the same document. Use this period to prepare: keep proof of every instalment paid, confirm the unit details on your Oqood registration at the Dubai Land Department, and decide early whether you will live in the unit, rent it out or sell it, because each path needs different preparation. If you plan to sell before completion, check the minimum-paid threshold in your SPA, since most developers only issue a No Objection Certificate for resale after it is met. This page is updated whenever the developer publishes a new official date, with the source named.
What owners of ICONIC Residences usually do now
An owner has three paths: move in, rent the unit out or sell it. Before ICONIC Residences is completed, a sale is an assignment of your Sales and Purchase Agreement, which MERED usually approves with a No Objection Certificate once the paid share set in that agreement is reached; see how to sell an off-plan property in Dubai before handover. Owners at ICONIC Residences who plan to rent or move in keep every instalment receipt and check the unit on the Oqood registration at the Dubai Land Department. When the handover notice for ICONIC Residences arrives, the inspection comes first, and the Dubai handover snagging checklist lists what to check room by room.
Buyer questions
When is ICONIC Residences expected to be handed over?
The developer's stated handover for ICONIC Residences is Q3 2027. Source: MERED official project page. NAHY last verified this on 15 August 2026. Handover dates can move; the binding date is the anticipated completion date in your SPA.
Can I sell my unit in ICONIC Residences before handover?
Usually yes, through an assignment of your SPA. Most developers only issue the No Objection Certificate for resale after the minimum-paid threshold in your SPA is met, and the buyer takes over the remaining payment plan. NAHY handles off-plan resales, including the developer NOC and the transfer at the Dubai Land Department.
What happens if the handover of ICONIC Residences is delayed?
Your SPA states an anticipated completion date and, in most cases, a grace period. A delay inside that window is contractual. Beyond it, the developer must keep the project's status updated with RERA, and buyers can raise the matter with the Dubai Land Department. Keep your payment receipts and every developer notice.
What is the payment plan for ICONIC Residences?
The payment plan and current prices change with each developer release. Our team sends the latest official plan for ICONIC Residences on WhatsApp.
What should I prepare before the handover of ICONIC Residences?
Funds for the final instalment and the DEWA deposit, your Emirates ID or passport, proof of all instalments paid, and a snagging inspection booked for the handover week. If you plan to rent the unit out, line up NAHY's Handover Concierge so the unit is listed the week you collect the keys.
NAHY Handover Concierge
Snagging, DEWA and Ejari registration, tenant placement and resale, handled for you from the day the keys are ready. Talk to us on WhatsApp.
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Source: MERED official project page, last verified 15 August 2026.