Market bulletin · Thu, 22 Oct 2026
Icon Towers 1: 1 sales worth AED 1.00M in 30 days
Icon Towers 1 recorded 1 sale worth AED 1.00M in the 30 days to Thu, 22 Oct 2026, down 75.0% on the previous 30 days. Over the last week 0 sales were registered (AED 0), against 0 the week before.
The median sale over the last three months was AED 1.31M, or AED 1,160/sqft.
By market over 12 months: secondary (ready) sales 100%.
In Jumeirah Lake Towers, Icon Towers 1 ranked #11 of 11 leading projects by 12-month sales value; it is developed by Al Mazaya Real Estate Development.
Leases registered in the last three months had a median annual rent of AED 80K. The best gross yield is on 1 BR apartments at about 7.3%.
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
| Jan 26 | — |
| Dec 25 | — |
| Nov 25 | — |
| Oct 25 | — |
| Sept 25 | AED 973 |
| Aug 25 | — |
| Jul 25 | — |
| Jun 25 | — |
| May 25 | — |
| Apr 25 | — |
| Mar 25 | AED 936 |
| Feb 25 | AED 906 |
| Jan 25 | — |
| Dec 24 | AED 942 |
| Nov 24 | — |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 0 | 0 | 1 |
| Sept 26 | 0 | 0 | 3 |
| Aug 26 | 0 | 0 | 1 |
| Jul 26 | 0 | 0 | 1 |
| Jun 26 | 0 | 0 | 1 |
| May 26 | 0 | 0 | 0 |
| Apr 26 | 0 | 0 | 0 |
| Mar 26 | 0 | 0 | 2 |
| Feb 26 | 0 | 0 | 2 |
| Jan 26 | 0 | 0 | 3 |
| Dec 25 | 0 | 0 | 2 |
| Nov 25 | 0 | 0 | 2 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 1 | down 75.0% | AED 1.00M | — | — |
| Last 3 months | 5 | up 150.0% | AED 6.71M | 1,160 | — |
| Last 6 months | 7 | down 36.4% | AED 8.61M | 1,178 | down 3.4% |
| Last 12 months | 19 | down 62.7% | AED 25.2M | 1,198 | up 15.9% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Secondary (ready) | 19 | 100% | AED 1.31M | 1,198 | up 15.9% |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| 1 bedroom | 9 | 47% | AED 990K | 1,245 | up 12.5% |
| 2 bedrooms | 8 | 42% | AED 1.52M | 1,191 | up 20.3% |
| 3 bedrooms | 2 | 11% | — | — | — |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 18 | 95% | AED 1.29M | 1,191 | up 11.5% |
| AED 2M–10M | 1 | 5% | — | — | — |
Rents & yields
Leases registered with Ejari / DLD.
Median annual rent
Monthly median of registered leases (new and renewed)
View data table
| Date | Annual rent |
|---|---|
| Oct 26 | AED 80K |
| Sept 26 | — |
| Aug 26 | AED 81K |
| Jul 26 | AED 81K |
| Jun 26 | AED 80K |
| May 26 | AED 90K |
| Apr 26 | AED 73K |
| Mar 26 | AED 74K |
| Feb 26 | AED 83K |
| Jan 26 | AED 81K |
| Dec 25 | AED 89K |
| Nov 25 | AED 85K |
| Oct 25 | AED 81K |
| Sept 25 | AED 74K |
| Aug 25 | AED 85K |
| Jul 25 | AED 79K |
| Jun 25 | AED 94K |
| May 25 | AED 84K |
| Apr 25 | AED 84K |
| Mar 25 | AED 70K |
| Feb 25 | AED 86K |
| Jan 25 | AED 72K |
| Dec 24 | AED 84K |
| Nov 24 | AED 75K |
- Leases (12M)
- 222
- New leases
- 45.5%
- Median rent 3M
- AED 80K
- Rent/sqft 3M
- AED 86
| 1 BR apartments | AED 73K / AED 990K | 7.3% |
|---|---|---|
| 2 BR apartments | AED 92K / AED 1.52M | 6.1% |
| Bedrooms | Leases | Median rent | New leases | AED/sqft/yr |
|---|---|---|---|---|
| Studio | 28 | AED 62K | AED 65K | 97 |
| 1 BR | 54 | AED 73K | AED 75K | 89 |
| 2 BR | 81 | AED 92K | AED 93K | 80 |
Competing projects in Jumeirah Lake Towers
CompareOther projects trading in the same community
| Name | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Diamondz By DanubeDanube Properties | 113 | 2,765 | — |
| MBL SignatureMAG Property Development | 96 | 1,941 | — |
| Saba Towers 4SABA Properties JLT | 40 | 2,542 | — |
| Hilton Residences Dubai Jumeirah Lakes TowersEmirates Mezna For Real Estate Development | 57 | 3,600 | — |
| Upper House EastEllington Properties Development | 42 | 1,898 | — |
| Upper House WestEllington Properties Development | 40 | 1,874 | — |
| Golf Views Seven City - Seven City JLTSeven Tides International | 94 | 1,133 | — |
| Mercer House South TowerEllington Properties Development | 18 | 2,547 | — |
| MBL RoyalMAG Property Development | 22 | 1,854 | — |
| Verde by SobhaSobha Real Estate | 24 | 2,132 | — |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 1.77M | 3 BR Apartment · 1,572 sqftIcon Towers 1 · Jumeirah Lake Towers | 17 Sept |
| AED 1.68M | 2 BR Apartment · 1,448 sqftIcon Towers 1 · Jumeirah Lake Towers | 26 Aug |
| AED 1.31M | 1 BR Apartment · 1,183 sqftIcon Towers 1 · Jumeirah Lake Towers | 4 Sept |
| AED 1.00M | 1 BR Apartment · 743 sqftIcon Towers 1 · Jumeirah Lake Towers | 6 Oct |
| AED 935K | 1 BR Apartment · 737 sqftIcon Towers 1 · Jumeirah Lake Towers | 17 Sept |
Questions about Icon Towers 1
What is the average price per sqft in Icon Towers 1?
The median sale price in Icon Towers 1 over the last three months was AED 1,160 per sqft (median sale AED 1.31M), based on 5 sales registered with Dubai Land Department.
How many properties were sold in Icon Towers 1 in the last year?
19 sales worth AED 25.2M were registered in the last 12 months: 0% developer off-plan, 0% off-plan resales and 100% secondary (ready) sales.
What is the average rent in Icon Towers 1?
The median annual rent on leases registered in the last three months was AED 80K, and the best gross rental yield is about 7.3%.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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