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Icon Tower 1
by Mazaya Holding

Studios and apartments with one or two bedrooms

AED 435 K Starting price
Ready Handover
Icon Tower 1by Mazaya Holding

Buy Apartments in Icon Tower 1 by Mazaya Holding, Jumeirah Lakes Towers

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Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 435,000
Location Business Bay
Developer Mazaya Holding
Handover Ready
Bedrooms Studios - 2 BR
Total amount of units 400
Apartments

Icon Tower 1 is a completed 40-storey residential tower in Cluster M of JLT, holding studios and apartments with one or two bedrooms above ground-floor retail, with a pool, gym and spa facilities.

Buying an apartment in Icon Tower 1 means buying into a mature, tenanted resale tower rather than a construction site. The building rises 151 metres across 40 floors above ground, with three basement levels below and 400 apartments in total. The configuration count is unusually varied for a single address: three studio types, twelve one-bedroom types and thirteen two-bedroom types, so two apartments on paper rarely feel identical in practice. The smallest verified layout measures 437 sq ft, a studio combining a living area, kitchen, bathroom and balcony. One-bedroom plans add one or two bathrooms, while two-bedroom plans carry built-in wardrobes, a separate dining area and up to three bathrooms. Every configuration has a balcony, and residents consistently note that room proportions and balcony depth run larger here than in most neighbouring JLT towers. Retail outlets occupy the ground floor beneath the residences, and upper floors look across the lakes and towers that define the community.

Icon Tower 1
About Icon Tower 1 by Mazaya Holding

Overview Icon Tower 1 by Mazaya Holding

Current asking prices in Icon Tower 1 average AED 1,900 per sq ft and AED 911,400 building-wide, combining a walk-to-metro JLT address with immediate access to the established rental market.

7%

Average ROI

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Community

Jumeirah Lakes Towers reads as a working, lived-in district rather than a resort postcode. Clusters of towers wrap around man-made lakes, threaded by a promenade and a central park, and the whole community is developed and managed by DMCC, ranked the world's number one free zone for eight consecutive years by Financial Times fDi Intelligence. Residents skew toward DMCC employees, professionals and freelancers who prize a short walk to the office. Dubai Marina sits directly opposite, reached by a footbridge over Sheikh Zayed Road, with Emirates Hills, Dubai Media City and Dubai Internet City close by.

Everyday needs are covered within the clusters, from supermarkets and convenience stores to Armada Medical Centre and Life Medical Centre. Major hospitals are roughly 10 to 15 minutes away. JLT also has nurseries, including the Early Learning Centre. Primary and secondary options include Dubai British School in Jumeirah Park and Dubai International Academy in Emirates Hills. Downtown Dubai and DIFC are about 15 minutes away by car, while Dubai International Airport is 24 min away.

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Interior

Interiors favour clarity over decoration, with neutral ceilings, wall finishes and lighting that leave owners room to personalise each apartment. Every apartment opens onto a balcony. Daylight reaches into the living area, while the outdoor space functions as a usable extension of the room. In the 437 sq ft studio, the living area, kitchen, bathroom and balcony form one coherent space.

Kitchens come fitted and ready for daily use, while bathrooms have practical finishes rather than decorative showpieces. Living areas maintain the same neutral treatment found throughout the apartments. Built-in wardrobes feature in the two-bedroom plans, which also include a separate dining area and up to three bathrooms. Every apartment is air-conditioned through Empower district cooling, and the building infrastructure receives regular maintenance.

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Infrastructure

Retail outlets occupy the ground floor beneath the residences. Across the surrounding clusters, restaurants and cafés offer lake-view outdoor seating at casual and premium price points. Gyms, salons, supermarkets and convenience stores are also within walking distance. The developer lists on-site restaurants and a children's creche among the facilities, so coffee, groceries and family dining can usually be handled without a car.

Bigger shopping trips mean a short drive to Dubai Marina Mall, Ibn Battuta Mall or Mall of the Emirates. Healthcare starts inside the community with clinics and medical centres, then scales up to multi-specialty hospitals roughly 10 to 15 minutes away. Transport is the tower's quiet advantage: DMCC Metro Station on the Red Line sits within a 10-minute walk, Sobha Realty station serves the district's opposite end, and the JLT – Dubai Star Tower and JLT – The Dome Tower bus stops are equally walkable. Taxis, Careem and Uber circulate constantly.

Overview

Could a ready JLT apartment work harder for you?

Amenities of Icon Tower 1
by Mazaya Holding

A complete facility set residents actually use day to day, from the pool and wellness rooms to secured parking and round-the-clock security.

Swimming pool

Swimming pool

Fully equipped gymnasium

Fully equipped gymnasium

Sauna

Sauna

Steam room
Jacuzzi in the leisure area
Reserved secured parking
Four high-speed elevators
CCTV with security staff
Empower district cooling
Ground-floor retail outlets
On-site restaurants
Children's creche
Recreational parks and lawns

Gallery Icon Tower 1 by Mazaya Holding

Gallery

About Our Approach to Work — Alcenza

At Alcenza Properties, we present the best properties in Dubai, whether for permanent residence or investment. Our team handles every aspect of the process, including transactions, documentation, legal issues, and logistics. This ensures you can focus on your daily life without wasting time on organizational matters.

Step 1.

Initial
Consultation

Our agent will arrange a personal meeting or discuss everything in a format that suits you best. During this consultation, you will outline your goals, be it residence, investment, visa acquisition, or other needs. We will provide you with the most optimal solutions.

Step 2.

Finding the Best Property

Based on your budget and investment goals, we will present a selection of real estate options, including off-plan, primary, and secondary market properties. We will handle all communication with a developer or private owner.

Step 3.

Communication With a Seller

We act as the liaison between you and the seller. From verifying documentation to organizing meetings and monitoring every stage of the transaction, we manage the whole process.

Step 4.

Legal Documentation and Management

Our team ensures the smooth and transparent transfer of property rights through the Dubai Land Department (DLD). We assist with visa applications and offer property management services.

15+
With extensive expertise in the UAE and European real estate markets, we are ready to offer you the most profitable solutions. We guarantee transparency and security at every stage of your transaction.
30%+ Profit From Resale
Our clients have achieved profits of up to 30% within just two years by reselling properties with our guidance.
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Icon Tower 1
About Us

Economic Attractiveness

Built and delivered by Mazaya Holding, whose Dubai portfolio also includes the Mazaya Business Avenue office towers, the building trades actively on the JLT resale market.

Get Full Investment Details

1,43 mln 19%

Median price (AED)

1,200 7%

Median price per sqft (AED)

31

Transactions

Source: Data taken from DXB for the last year, overview Icon Tower 1 by Mazaya Holding

Several factors keep this tower let. Tenants working in the DMCC free zone can reach their desks on foot, and DMCC Metro Station lies within a 10-minute walk, which matters more to renters than any marketing claim. Layouts run larger than the JLT norm, balconies are deep, and the amenity set — pool, gym, sauna, steam room and Jacuzzi — matches what newer stock offers at higher entry prices. Empower district cooling, four high-speed elevators and round-the-clock CCTV keep running quality predictable. Purchase terms are simple: no instalment schedule, just a cash or mortgage resale, with UAE banks lending residents up to 80% LTV on properties under AED 5M.

Current asking prices in Icon Tower 1 average AED 911,400 building-wide, or AED 1,900 per sq ft. JLT is a designated freehold community, allowing foreign nationals and non-residents to buy, sell, lease, gift or bequeath apartments outright.

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For rent

Rental performance here is documented rather than projected. Over the last 12 months, 80 new apartment rental contracts were registered in Icon Tower 1, and the building's average annual rent stands at AED 102,307. April 2026 listings in the tower ran at AED 53,000 a year for a 437 sq ft studio, AED 70,000 to AED 75,000 for one-bedroom apartments and AED 104,999 to AED 119,999 for a two-bedroom apartment. Gross yield sits at 7%. Landlords typically collect through four post-dated cheques, with some agents accepting twelve.

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For living

Owner-occupiers tend to stay. Reviewers who have lived in the tower with family for years rate both the building and its management highly, singling out room sizes considerably bigger than most JLT towers, generous balconies, a gym stocked with a wide variety of machines and a pool kept consistently clean. Around the building sit a lakeside promenade, a central park, clinics and a deep restaurant scene within walking range. Worth knowing before committing: inner-cluster traffic thickens during DMCC business hours.

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For resale

Resale here rests on an established market rather than a completion promise. Prices across Jumeirah Lakes Towers rose 45% to 65% between 2020 and 2025, and district guides project a further 8% to 10% through 2026, so owners who bought earlier in the cycle have booked meaningful capital gains. Roughly 2.5K apartment sales were registered district-wide over the last 12 months, which means apartments for sale in Jumeirah Lakes Towers meet an active buyer pool. Within the tower, listings average AED 1,900 per sq ft, in line with the wider community.

UAE Golden Visa

Residence Visa

When purchasing a property from AED 2M (USD 545K), you can apply for a 10-year Golden Visa. This visa is renewed as long as you maintain ownership of the property.

Visa for Your Family

Your family members, including your spouse and children, can also get a Golden Visa. Once you receive a residence visa, you can continue your studies in the UAE, enjoy tax benefits, and conduct business in the country.

passport

Developer of Icon Tower 1

Mazaya Holding is a publicly listed Kuwaiti real estate group with nearly two decades of building experience in the UAE.

Founded in 1998, Mazaya Holding operates across Kuwait, the UAE, Qatar, Oman and Lebanon. Its portfolio is valued at around USD 2 billion and spans villa communities, apartment buildings and commercial space. In Dubai, Mazaya Real Estate FZ LLC has been registered with the Dubai Land Department as Developer № 784 since May 2008. Its best-known local work includes the Mazaya Business Avenue office towers in JLT.

Location Icon Tower 1 by Mazaya Holding

Icon Tower 1 in Cluster M stands on First Al Khail Street, at the Dubai Marina edge of Jumeirah Lakes Towers, with the lakes, promenade and DMCC free-zone offices immediately around it.

First Al Khail Street connects directly to Sheikh Zayed Road (E11). Dubai Marina is 5 to 10 minutes away by car, with a footbridge available for pedestrians. Dubai Marina Mall and Ibn Battuta Mall are each 10 minutes away, while Palm Jumeirah is 14 minutes from the tower.

Two Red Line stations serve the district, DMCC and Sobha Realty, and the first of them lies within a 10-minute walk of the residences. Bus stops at JLT – Dubai Star Tower and The Dome Tower are equally close. Dubai International Airport is about 24 min by road, Al Maktoum International roughly 30.

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Map → Location Icon Tower 1 by Mazaya Holding Icon Map PIN

Sights & Attractions

Dubai Marina
Mall

icon 10 min

Palm Jumeirah

14 min

Ibn Battuta Mall

10 min

Healthcare facilities

Armada Medical Centre

icon 10 min

Life Medical Centre

10 min

Mediclinic Parkview Hospital

5 min

Educational institutions

Early Learning Centre JLT

icon 5 min

Dubai British School Jumeirah Park

10 min

Dubai International Academy

3 min

Transportation

DMCC Metro
Station

icon 4 min

Sobha Realty Metro Station

5 min

Dubai International Airport

24 min

FAQ

Below are the questions buyers, tenants and investors ask most often about this tower and the surrounding community. If something you need is not covered here, our advisers are happy to walk you through the details.

Ask a Question

Is JLT a good place to invest?

Icon Tower 1 benefits from an established rental and resale market. Over the last 12 months, 80 new apartment rental contracts were registered in the building, while roughly 2.5K apartment sales were recorded across JLT during the same period. DMCC employees, professionals and freelancers form a substantial tenant base, and many can walk to work. Freehold ownership, metro access and pricing below neighbouring Dubai Marina further support the investment case.

Is JLT freehold or leasehold?

Jumeirah Lakes Towers is a fully designated freehold community. Foreign nationals and non-residents can buy an apartment outright in their own name, then sell, rent out, gift or bequeath it with the same rights as any other owner. Purchases go through the Dubai Land Department, where the standard 4% transfer fee applies. Residential transactions are not subject to the 5% VAT charged on commercial deals. UAE residents can borrow up to 80% of value on properties under AED 5M, while non-residents typically qualify for 65% to 70%.

What payment plan is available for Icon Tower 1?

No developer instalment schedule is attached to the building. Icon Tower 1 was completed in 2008 and trades entirely as a resale asset, so any Icon Tower 1 payment plan advertised elsewhere is not a current developer offer. Buyers purchase in cash or with a mortgage, settling the price on transfer along with the 4% Dubai Land Department fee. Mortgage buyers should budget a down payment of at least 20% of the purchase price. Rents are usually collected through four post-dated cheques, with some agents accepting twelve monthly payments instead.

What types of apartments does the tower offer?

The tower offers studios and apartments with one or two bedrooms, spread across 400 residences on 40 floors. The variety within each configuration is broad, with three studio types, twelve one-bedroom types and thirteen two-bedroom types. Studios combine a living area, kitchen, bathroom and balcony. One-bedroom plans include one or two bathrooms. Apartments with two bedrooms add built-in wardrobes, a separate dining area and up to three bathrooms. Every apartment in the building has a balcony.

How big are the apartments in Icon Tower 1?

The smallest verified layout is a 437 sq ft studio. Current listings in the building show one-bedroom apartments between 707 and 726 sq ft and a two-bedroom apartment at 1,097 sq ft. Across rental listings, sizes span 430 to 1,100 sq ft and average 730 sq ft. Residents frequently comment that rooms are considerably bigger than in most other JLT towers. They also note the deeper balconies, which make a practical difference when furnishing the apartment.

What amenities can residents use in the building?

Wellness facilities include a swimming pool residents describe as consistently clean, a gymnasium with cardio and strength machines, a sauna, a steam room and a Jacuzzi. Each apartment has at least one reserved secured parking space, depending on type. Four high-speed elevators serve the 40 floors, and CCTV monitoring operates with security staff on standby. Cooling is supplied by Empower. The developer also lists recreational parks and lawns, on-site restaurants, ground-floor retail and a children's creche.

Which schools and nurseries serve families in the area?

Jumeirah Lakes Towers has nurseries, including the Early Learning Centre, but no primary or secondary schools within the community itself. Parents use neighbouring districts instead. Dubai British School in Jumeirah Park follows the British curriculum from Foundation Stage to Year 13. Dubai International Academy in Emirates Hills is an IB World School offering PYP, MYP and the IB Diploma. International School of Choueifat, Emirates International School and GEMS Wellington International School are also accessible by car.

What rent can an owner expect from an apartment here?

Average annual rent across the building stands at AED 102,307, with two-bedroom apartments averaging AED 110,709 a year. April 2026 listings put a studio at AED 53,000 annually, one-bedroom apartments between AED 70,000 and AED 75,000, and two-bedroom apartments between AED 104,999 and AED 119,999. On a 713 sq ft one-bedroom example, new tenancies averaged AED 91,944 a year, compared with AED 73,381 for renewals.

How well connected is the building to the rest of Dubai?

Daily journeys can often be made without a car. DMCC Metro Station on the Red Line is within a 10-minute walk, as are bus stops at JLT – Dubai Star Tower and The Dome Tower. Sobha Realty station serves the district's other end. By car, Dubai Marina is 5 to 10 minutes away, Palm Jumeirah takes 14 minutes, and Downtown Dubai and DIFC take around 15 minutes. Dubai International Airport is 24 minutes away, while Al Maktoum International Airport is about 30 minutes away.
FAQ

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Icon Tower 1
Amirans Kavtaradze

List by

Amirans Kavtaradze

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Icon Tower 1

Starting Price AED 435 K

Handover Ready