Verdict no. VR-2026-04812Illustrative example
Fair-price opinion
Illustrative example only. The values in this report are sample data, not a live price check.
Filed Feb 04, 2026, 03:42 PM GMT+4
By Your name
Area
Dubai Marina
Project
ICONIC Tower
Unit
1 B/R · 807 sq ft
Asking
AED 1.95M
Price evidence
Estimated fair sale price
AED 1.77M
AED 2,193 per sq ft
Fair range AED 1.61M–AED 1.94M
Asking
AED 1.95M
AED 2,415 per sq ft
10.2% above the estimated midpoint
AED 1.61MFair low
AED 1.77MMidpoint
AED 1.94MFair high
Below similar salesAbove similar sales
Prices of similar sales
Size-adjusted total sale price (AED)
Similar sales in each price band
Estimated midpoint: AED 2,193 per sq ftAsking: AED 2,415 per sq ft
Similar settled sales Estimated midpointAsking · above similar sales
Asking price is above 81% of similar sales?64% of the evidence is from the same project
Example similar sales
| Date | Project · Unit | Size | Price | AED / sq ft | Versus Asking |
|---|---|---|---|---|---|
| Jan 22, 2026 | LIV Marina · Tower A 1 B/R · Resale | 786 sq ft | AED 1,790,000 | AED 2,278 | -6% per sq ft |
| Jan 09, 2026 | Marina Shores · T2 1 B/R · Resale | 818 sq ft | AED 1,775,000 | AED 2,170 | -10% per sq ft |
| Dec 28, 2025 | Stella Maris · Main 1 B/R · Resale | 807 sq ft | AED 1,720,000 | AED 2,131 | -12% per sq ft |
| Dec 11, 2025 | ICONIC Tower 1 B/R · Resale | 797 sq ft | AED 1,810,000 | AED 2,272 | -6% per sq ft |
| Nov 30, 2025 | Marina Gate · Tower 2 1 B/R · Resale | 829 sq ft | AED 1,860,000 | AED 2,244 | -7% per sq ft |
Evidence strength
82 Same project sales
Same building0
Same project82
Same area46
Wider market0
Market activity
Sales in 90 days
14
Sales in 12 months
56
Average per month
4.7
Evidence scope
Selected property
12-month sales mix
44 Resale · 79%12 Off-plan · 21%
56 registered sales
Rental evidence
Typical annual rent
AED 132K
AED 164 per sq ft annually
Gross yield
6.8%
At the estimated fair price
Middle 50% of contracts
AED 118K–AED 147K
Annual rent (AED)
Registered contracts in each rent band
Registered contract mix
18 New · 41%26 Renewed · 59%
44 classified contracts
Latest contract start
Feb 04, 2026
Rental market movement
Dubai Marina · 1BR
Typical annual rent
AED 132,750
AED 164 per sq ft annually
Contracts in 12 months
286
Annual change
+5.8%
Monthly median annual rent for a 807 sq ft unit
Mar · AED 121,200AED 150 per sq ft annuallyFeb · AED 132,750AED 164 per sq ft annually
Area price movement
Year on year
+9.6%
Current estimated value
AED 1,770,000
AED 2,193 per sq ft
12-month estimated low
AED 1,615,500
AED 2,001 per sq ft
Monthly median value for a 807 sq ft unit
Mar · AED 1,615,500AED 2,001 per sq ftFeb · AED 1,770,000AED 2,193 per sq ft
Project details
Project
Iconic Tower
Developer
Mered
Status
Under development
Completion
Sep 30, 2027
Project type
Residential
Registered units
310
Registered buildings
1
Community project supply
Completed
146 projects
48,200 registered units
Under development
18 projects
6,840 registered units
Upcoming
7 projects
2,420 registered units
Project and unit counts are registry totals for this community, not a count of homes currently for sale.
Registered valuation context
Median registered valuation
AED 1.76M
AED 2,180 per sq ft
Middle 50%
AED 1.52M–AED 2.01M
Separate DLD valuation records for similar-sized Flat properties in Dubai Marina. They provide a second benchmark and do not change the settled-sales fair-price opinion.
Area guide
Area metro
DMCC Metro
Area mall
Dubai Marina Mall
Area landmark
JBR Beach
Prepared bySample