In a momentous occasion marking a brand new normal of luxurious residential improvement, MERED, a distinguished worldwide actual property developer, joined forces with Dutch Foundation Dubai (DFD), a number one full-service engineering basis firm, to begin the groundbreaking ceremony for the extremely anticipated ICONIC Tower in Dubai.
The ground-breaking ceremony was attended by distinguished companions, influential stakeholders, and business leaders, signifying the official graduation of building.
DFD brings a wealth of expertise and a devoted workforce of over 500 professionals to the partnership, whereas MERED contributes its robust experience in building high quality, constructing requirements, and a world group of visionary specialists, collectively guaranteeing a strong basis for the challenge’s success.
Harnessing the momentum of Dubai’s thriving real estate market, the place prime residential capital values soared by 17.4% in 2023 and property calls for are projected to rise between 4-59% in 2024, the ICONIC Tower is poised to remodel the cityscape and improve residents’ lives with unparalleled high quality and luxurious providers.
At the ceremony, Diana Nilipovscaia, CEO at MERED stated, “The building journey forward guarantees to redefine architectural excellence in Dubai. Our daring imaginative and prescient, crafted from the MERED group’s improvement experience and Pininfarina’s famend design legacy, positions the ICONIC Tower as a beacon of avant-garde design and high quality.
With complete real estate transactions within the emirate rising by 33.8% yearly, and values rising greater than 36.7%, the ICONIC Tower is completely positioned to satisfy the rising demand for luxurious residing in Dubai. This challenge embodies innovation, magnificence, and distinctive residing experiences. We lengthen our gratitude to our esteemed companions: Dutch Foundation, Mirage, and Omnium, whose contributions are invaluable to attaining our shared mission.”
Michel Farah, General Manager of Dutch Foundation Dubai, stated, “We are committed to this project and we will finish it on time.”
Post the groundbreaking, key companions in attendance additionally shared their enthusiastic help for the challenge.
Amar Tahliani, CEO of Mirage, stated, “You gave us an opportunity to work on this project, and we are really proud of it.”
Peter Westeng, Chairman and CFO at Omnium, expressed, “This is the beginning of a really beautiful project.”
Kieran Duckworth, Director, at Omnium, commented, “Hopefully, this is the start of a long-lasting partnership with MERED on this project and in the future.”
Designed to soar to an impressive peak of 286.4 meters, the ICONIC Tower can be an architectural marvel. With 311 opulent flats providing unrivalled luxurious residing experiences, the tower can even characteristic an array of world-class facilities, together with a non-public lounge & eating room, state-of-the-art gymnasium, non-public cinema, infinity pool, jacuzzi, sauna, ice spa and extra. Moreover, the tower will present 423 devoted parking areas, together with unique air-conditioned spots, guaranteeing comfort and luxury for residents.
As Dubai’s residential market continues to flourish, the ICONIC Tower stands as a testomony to MERED’s unwavering dedication to excellence and innovation. With building slated for completion by September 2024, the tower guarantees to redefine luxurious residing in Dubai and go away an indelible legacy on town’s skyline.