Dubai Internet City

Dubai Internet City is a technology business district and free zone launched on 29 October 1999. Dubai Holding is the master developer, while TECOM Group PJSC, a Dubai Holding company, owns and operates the business district. It hosts more than 4,000 companies and a talent community above 31,000 professionals, with Microsoft, IBM, Oracle, Cisco, Google, Meta, and Visa among the regional bases. The residential towers inside it are built by third-party developers including Sobha Realty, MERED, Palladium Development, and Sharaf Group.

Yes. The residential towers sit in the DLD district of Al Sufouh 2, which Regulation No. 3 of 2006 designates as an area where non-UAE nationals may hold freehold title. Sales in The S Tower and Iconic Residences are registered with the Dubai Land Department and appear in its transaction records. I confirm the plot and title status of any specific unit before you commit.

Five. The S Tower by Sobha Realty, a 62-storey tower of half-floor 4-bedroom residences and full-floor penthouses handed over in June 2025. Iconic Residences by MERED, designed by Pininfarina, 66 storeys with 310 apartments and one penthouse, due in the first quarter of 2028. Dubai Jewel Tower by Sharaf Group, an established 41-floor tower of 1 to 3-bedroom apartments. Magnolia and The Royal Yacht by Palladium Development, two low-rise studio and 1-bedroom buildings due in the third quarter of 2028.

Registered sales between June and September 2026 ranged from AED 2,700 to 4,767 per square foot, approximately USD 735 to 1,298. Launch prices in October 2026 start at AED 1.25 million, approximately USD 340,368, for a Magnolia studio, AED 3.4 million, approximately USD 925,800, for a 1-bedroom in Iconic Residences, and AED 16 million, approximately USD 4.36 million, for a 4-bedroom in The S Tower. Pricing varies by tower, floor, view, and payment plan.

In October 2026, 1-bedroom apartments were listed at AED 115,000 to 150,000 per year, approximately USD 31,314 to 40,844, 3-bedrooms at AED 220,000 to 234,990, approximately USD 59,905 to 63,986, and 4-bedroom residences in The S Tower at AED 600,000 and above, approximately USD 163,376. Portal data put the average gross rental yield at 3.94 to 4.14 percent, which is a capital-growth and end-user market rather than a high-yield one.

The district fronts Sheikh Zayed Road with its own Red Line metro station, open since 30 April 2010 and 732 metres to 1.4 kilometres from the residential towers. Dubai Marina and Mall of the Emirates are 8 to 9 minutes by car, Palm Jumeirah 10 to 12 minutes, Downtown Dubai about 15 minutes, and Dubai International Airport 20 to 38 minutes depending on route and traffic. The Dubai Tram runs along Al Sufouh Road and bus routes 83, 84, 85, X28, and F31 serve the district.

Studios of 303 to 353 square feet and 1-bedrooms of 490 square feet in the Palladium buildings, 1-bedrooms of 850 to 1,187 square feet, 2-bedrooms of 1,275 to 2,385 square feet, and 3-bedrooms of 2,209 to 2,400 square feet in Iconic Residences and Dubai Jewel Tower, 4-bedroom half-floor residences of 4,705 to 5,438 square feet in The S Tower, and penthouses from 4,500 square feet up to an 11,270 square foot full-floor penthouse. All figures are built-up area.

Property investors holding real estate worth at least AED 2 million, approximately USD 544,588, can apply for the renewable long-term residence visa. Mortgaged property is accepted with a bank no-objection certificate, and off-plan property is accepted once it is valued at AED 2 million or more with half the value paid. Every unit in The S Tower and every launch-price unit in Iconic Residences clears the threshold, while the Palladium studios do not on their own. I verify the current programme terms with the authorities before you rely on them.

The main cost is the 4 percent Dubai Land Department transfer fee, plus registration trustee charges and, on resale, a typical 2 percent brokerage fee. Off-plan payments go into the project's DLD-registered escrow account under Law No. 8 of 2007, never to an individual. Accepted payment roads are bank transfer, manager's cheque, cash, and crypto, with each route documented against the escrow or title transfer. There is no annual property tax in Dubai; owners pay building service charges based on unit size.

Usually yes. Most Dubai developers permit off-plan resale once a set percentage of the purchase price has been paid and a no-objection certificate is issued. The exact threshold is set per project in the sales and purchase agreement, so it should be checked before buying if an early exit matters to your strategy. With only 50 Iconic Residences registrations and 8 S Tower resales in the twelve months to October 2026, resale pricing in this district is thin and unit-specific.