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ICONIC

by MERED RESIDENCES REAL ESTATE L.L.C·AL SAFOUH SECONDResidentialFreeholdOff-plan Heavy

Development & Handover Profile

🏗️ Under Construction
Construction Progress20.0%
Project Start
Sep 30, 2024
Expected Handover
N/A
Total Units
319
Avg Unit Size
1529 sqft
Freehold Ratio
100%
Escrow Agent
Mashreq Bank PJSC
Median Price
AED 4.15M
PSF
AED 3,410/sqft
Sales 12M
23
vs Area
+19.3%
Asset Turnover
ⓘ
7.2%
Liquidity (12M)

Physical Inventory Profile

Total Registered Units
319
Avg Unit Size
1529 sqft
3BR
2.8%
NA
2.8%
1BR
45.1%
4BR+
10.3%
2BR
38.9%

Room Configuration

Unit TypeCountShare
1BR14445.1%
2BR12438.9%
4BR+3310.3%
3BR92.8%
NA92.8%

Price & Volume Trend

Unit Liquidity Matrix

Compares physical inventory against actual 12M sales volume. A Demand Index near 1.0 indicates a perfectly balanced secondary market for that unit type.

Unit TypeInventory ShareSales Share (12M)Demand IndexStatus
1BR46.5%
144 units
34.7%
17 sold
0.75⚠️ LOW DEMAND
2BR40.0%
124 units
55.1%
27 sold
1.38🔥 HIGH DEMAND
4BR+10.6%
33 units
8.2%
4 sold
0.77⚠️ LOW DEMAND
3BR2.9%
9 units
2.0%
1 sold
0.69⚠️ STAGNANT

Recent Transactions

DateAreaProjectRoomsPricePSFStatusOwnership
13 Aug 2026
AL SAFOUH SECOND2BRAED 8.45MAED 3,574/sqftOff-planFreehold
31 Jul 2026
AL SAFOUH SECOND1BRAED 5.28MAED 4,767/sqftOff-planFreehold
25 Jun 2026
Published 26 Jun 2026
AL SAFOUH SECOND1BRAED 3.58MAED 4,095/sqftOff-planFreehold
17 Jun 2026
AL SAFOUH SECOND2BRAED 5.87MAED 3,648/sqftOff-planFreehold
4 Jun 2026
AL SAFOUH SECOND2BRAED 7.45MAED 4,620/sqftOff-planFreehold
4 Jun 2026
AL SAFOUH SECOND1BRAED 3.84MAED 4,422/sqftOff-planFreehold
3 Jun 2026
AL SAFOUH SECOND1BRAED 4.20MAED 3,538/sqftOff-planFreehold
2 Jun 2026
AL SAFOUH SECOND2BRAED 5.00MAED 3,773/sqftOff-planFreehold
1 May 2026
AL SAFOUH SECOND1BRAED 3.46MAED 3,961/sqftOff-planFreehold
1 May 2026
AL SAFOUH SECOND2BRAED 7.78MAED 4,753/sqftOff-planFreehold
28 Apr 2026
Published 29 Apr 2026
AL SAFOUH SECOND1BRAED 3.30MAED 2,777/sqftOff-planFreehold
24 Apr 2026
Published 27 Apr 2026
AL SAFOUH SECOND2BRAED 4.26MAED 3,212/sqftOff-planFreehold
2 Apr 2026
Published 3 Apr 2026
AL SAFOUH SECOND1BRAED 4.98MAED 4,490/sqftOff-planFreehold
10 Mar 2026
AL SAFOUH SECOND1BRAED 4.10MAED 3,744/sqftOff-planFreehold
10 Mar 2026
AL SAFOUH SECOND1BRAED 4.78MAED 4,433/sqftOff-planFreehold
6 Mar 2026
Published 9 Mar 2026
AL SAFOUH SECOND4BR+AED 11.10MAED 4,000/sqftOff-planFreehold
13 Feb 2026
AL SAFOUH SECOND2BRAED 4.81MAED 3,602/sqftOff-planFreehold
11 Feb 2026
AL SAFOUH SECOND1BRAED 4.97MAED 4,372/sqftOff-planFreehold
9 Feb 2026
AL SAFOUH SECOND2BRAED 7.77MAED 4,804/sqftOff-planFreehold
3 Feb 2026
AL SAFOUH SECOND2BRAED 5.26MAED 3,964/sqftOff-planFreehold
27 Jan 2026
AL SAFOUH SECOND2BRAED 8.44MAED 5,108/sqftOff-planFreehold
26 Jan 2026
AL SAFOUH SECOND2BRAED 10.31MAED 4,330/sqftOff-planFreehold
20 Jan 2026
AL SAFOUH SECOND2BRAED 5.30MAED 3,316/sqftOff-planFreehold
19 Jan 2026
Published 20 Jan 2026
AL SAFOUH SECOND4BR+AED 12.20MAED 4,479/sqftOff-planFreehold
19 Jan 2026
Published 20 Jan 2026
AL SAFOUH SECOND1BRAED 3.75MAED 3,499/sqftOff-planFreehold
19 Jan 2026
Published 20 Jan 2026
AL SAFOUH SECOND1BRAED 4.04MAED 3,694/sqftOff-planFreehold
30 Dec 2025
AL SAFOUH SECOND1BRAED 3.90MAED 3,643/sqftOff-planFreehold
30 Dec 2025
AL SAFOUH SECOND2BRAED 10.11MAED 4,246/sqftOff-planFreehold
30 Dec 2025
AL SAFOUH SECOND4BR+AED 10.21MAED 4,037/sqftOff-planFreehold
30 Dec 2025
AL SAFOUH SECOND1BRAED 4.06MAED 3,708/sqftOff-planFreehold
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