- The story begins with an introduction to MERED, a prominent real estate development company, and Dutch Foundation Dubai, a renowned construction firm, highlighting their expertise and reputation in the industry.
MERED and Dutch Foundation Dubai break ground on ICONIC Tower
Dubai: MERED, a prominent international real estate developer, joined forces with Dutch Foundation Dubai (DFD), a leading full-service engineering foundation company, kick-started the highly anticipated ICONIC Tower with a groundbreaking ceremony in Dubai. The event was attended by distinguished partners, influential stakeholders, and industry leaders, said the company in a media release.
DFD brings a wealth of experience and a dedicated workforce of over 500 professionals to the partnership, while MERED contributes its strong expertise in construction quality, building standards, and an international team of experts, collectively ensuring a robust foundation for the project’s success. Harnessing the momentum of Dubai’s thriving real estate market, where prime residential capital values soared by 17.4 per cent in 2023 and property demands are projected to rise between 4-5 per cent in 2024, the ICONIC Tower is poised to transform the cityscape and enhance residents’ lives with unparalleled quality and luxury services.
At the ceremony, Diana Nilipovscaia, CEO at MERED said, “The construction journey ahead promises to redefine architectural excellence in Dubai. Our bold vision, crafted from the MERED team’s development expertise and Pininfarina’s renowned design legacy, positions the ICONIC Tower as a beacon of avant-garde design and quality. With total real estate transactions in the emirate increasing by 33.8 per cent annually, and values rising more than 36.7 per cent, the ICONIC Tower is perfectly positioned to meet the growing demand for luxury living in Dubai. This project embodies innovation, beauty, and exceptional living experiences. We extend our gratitude to our esteemed partners: Dutch Foundation, Mirage, and Omnium, whose contributions are invaluable to achieving our shared mission.”
Michel Farah, General Manager of Dutch Foundation Dubai, said, “We are committed to this project and we will finish it on time.”
Post the groundbreaking, key partners in attendance also shared their enthusiastic support for the project.
