Icon Towers
About the project
(sq. ft.)
Icon Towers is a 40-storey residential complex located in Jumeirah Lake Towers, Dubai. The development consists of two identical buildings: Icon Tower 1 – Cluster M and Icon Tower 2 – Cluster L. The project was developed by Mazaya Holding Co., and construction was carried out from 2005 to 2008.
Icon Tower 1 has a total of 400 residential units, including studios and one- to two-bedroom apartments that have a minimum size of 437 sq. ft. Icon Tower 2 has studios and one- to three-bedroom apartments that have a minimum size of 451 sq. ft., as well as retail and office spaces. Properties vary in configuration and feature panoramic windows and balconies that overlook nearby lakes.
The complex provides a variety of amenities and services, including:
- Separate swimming pools for men and women
- Spa services
- Equipped fitness room
- Community garden
- Children’s play areas
- Concierge services
- Barbecue area
- Security and video surveillance
- High-speed elevators
- Parking
One-bedroom apartments have a starting price of AED 570,000 (USD 155,000).
*The price is valid for 2021
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Property Information
- Location Jumeirah Lake Towers, Dubai, UAE
- Status of Project Ready
- Type of Project Residential Building
- Units Studios - 2BR Apartments
- Area from 437 sq. ft.
- Total Amount of Units 400
Location
Clusters M and L are adjacent to each other and are bordered by First Al Khail Street, which connects to Sheikh Zayed Road within a few minutes. The nearest bus stops, JLT – Dubai Star Tower and JLT – the Dome Tower, can be reached within a 10-minute walk of the residences. The nearest Metro station, DMCC, is also situated within a 10-minute walk.
For groceries and household goods, residents can shop at Spinneys, which is located within walking distance of the apartments. Carrefour Market and Zoom Supermarket can also be reached within a few minutes of the buildings. Residents can choose from a selection of local restaurants and cafes. Ying Yang, a Chinese restaurant, is situated within a five-minute drive, and Wendy’s, a popular American fast-food chain, is located within a 10-minute drive.
Residents can take advantage of nearby educational institutions and medical centres. Emirates International School Meadows, Dubai British School Emirates Hills, Dewdrops Nursery, Mosaic Nursery, and Armada Medical Centre can be reached within a 10-minute drive.
The towers are situated within a short drive of several popular destinations, including:
- Address Montgomerie Golf Club – 10 minutes
- Jebel Ali Racecourse – 15 minutes
- Dubai International Stadium – 15 minutes
- Downtown Dubai – 20 minutes
- Dubai International Airport – 30 minutes
Return on investment
Jumeirah Lake Towers offers all of the necessary amenities to ensure a comfortable living environment. As a result, properties are in demand among tenants and investors. One-bedroom apartments in Icon Tower 1 have an annual rental rate that starts at AED 47,000 (USD 13,000). Units in the towers have a return on investment rate that ranges from 7.6% to 8.3%, depending on their size and layout.
*The price is valid for 2021
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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