Home › Projects › Icon Tower 2 by Mazaya Holding

Icon Tower 2
by Mazaya Holding

Studios and apartments with one, two or three bedrooms

AED 1,10 mln Starting price
Ready Handover
Icon Tower 2by Mazaya Holding

Buy Apartments in Icon Tower 2 by Mazaya Holding, Jumeirah Lake Towers

Leave your contact details & reserve your unit today

Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 1,100,000
Location Business Bay
Developer Mazaya Holding
Handover Ready
Bedrooms Studios - 3 BR
ROI 6%
Apartments

This completed 40-storey tower in Cluster L offers ready studios and apartments with one, two or three bedrooms, plus a pool, gym, spa and covered parking.

Icon Tower 2 rises 151 metres above Lake Almas West, making it a prominent landmark in Jumeirah Lake Towers. Its distinctive exterior frames a mixed-use building with residences on the upper floors and retail outlets and offices below. The residential mix spans studios and apartments with one, two or three bedrooms. Current one-bedroom sale listings start at 747 sq ft, while the developer-era minimum across the tower was 451 sq ft. Three-bedroom apartments provide the most space, with five bathrooms, built-in wardrobes, a fitted kitchen, separate living and dining areas and a balcony. Interiors use contemporary styling, marble or tiled floors and wooden fixtures. Balconies and central air conditioning are standard, and many apartments overlook the water. Residents also have access to a swimming pool, equipped gymnasium, spa, children's play area, high-speed lifts, staffed lobby and covered parking. Professional management and round-the-clock security support the building's daily operation.

Icon Tower 2
About Icon Tower 2 by Mazaya Holding

Overview Icon Tower 2 by Mazaya Holding

Among the apartments for sale in Jumeirah Lake Towers, this tower sits at the district's accessible end: a finished lakeside address that can be let from the week the keys change hands, with no waiting period.

6%

Average ROI

icon

Community

Jumeirah Lake Towers comprises 26 alphabetically labelled clusters set around three man-made lakes, a 7 km promenade and a central park. Dubai Marina lies opposite, across Sheikh Zayed Road. The DMCC free zone gives the community a dual character, with offices active by day and a residential lakeside atmosphere after work. Young professionals, expatriates and families are drawn to the water views, walkable streets and independent restaurants with outdoor seating.

Supermarkets, shops, nurseries and play areas are spread across the clusters. Nearby schools include Dubai British School Jumeirah Park, Emirates International School, GEMS Wellington International School and Dubai International Academy in Emirates Hills. American Medical Center JLT and Aster Clinic operate within the community, while Mediclinic Meadows and Al Zahra Hospital Al Barsha are nearby. By car, Downtown Dubai is about 15 minutes away, DIFC 20 minutes, Palm Jumeirah 13 minutes, Dubai International Airport 23 minutes and Al Maktoum International Airport 30 minutes.

icon

Interior

Interiors take a restrained contemporary approach: neutral surfaces, clean lines and daylight arriving through tall glazing and balcony doors. Because the tower rises well above its neighbours, upper floors stay bright through the day, with water and skyline framing the living areas. Studios and apartments with one or two bedrooms — the sizes buyers search for most often in JLT — are all represented, and each apartment keeps circulation tight so the floor area lands in the rooms that matter. Three-bedroom apartments separate living and dining zones, which gives families a calmer evening plan.

Flooring is marble or tile depending on the apartment, a practical choice in a climate where hard surfaces stay cool and wear slowly. Wooden fixtures carry the warmth: built-in wardrobes in the bedrooms, fitted joinery in kitchens where cabinetry runs to the ceiling to recover storage. Bathrooms follow the same logic, tiled walls and floors specified for durability rather than fashion; a three-bedroom apartment carries five of them. Central air conditioning serves every room, and residents consistently describe the finishing as very good and the building as well maintained.

icon

Infrastructure

Ground-floor retail inside the tower covers part of the daily routine, and the surrounding clusters carry the rest. JLT's dining reputation rests on small independent restaurants and cafés along the lake edges, many with outdoor seating over the water — places residents walk to rather than drive. Supermarkets and mini-malls are distributed cluster by cluster, so groceries, pharmacies, laundry and coffee sit a few minutes on foot from Cluster L. The lakeside promenade links most of it together.

Dubai Marina Mall and Ibn Battuta Mall are each seven minutes away by car, while Mall of the Emirates is also within a short drive. Clinics operate throughout JLT, including Aster Clinic in Cluster F, Life Medical Center DMCC in Cluster J and Armada Surgical Center in Cluster P. The JLT – Dubai Star Tower and JLT – The Dome Tower bus stops are within a 10-minute walk. First Al Khail Street also provides quick access to Sheikh Zayed Road.

Overview

Curious what this tower could return?

Amenities of Icon Tower 2 by Mazaya Holding

Day-to-day comfort in this professionally managed building rests on a well-kept set of shared facilities, most of them a lift ride from the front door.

Swimming pool

Swimming pool

Fully equipped gymnasium

Fully equipped gymnasium

Spa and treatment rooms

Spa and treatment rooms

Children's play area
High-speed elevators
Covered parking
24-hour security
Staffed lobby
Professional building management
Retail outlets on site

Gallery Icon Tower 2 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.
200+ Exclusive Listings
Gain access to unique investment opportunities and real estate properties that are not publicly listed.
Contact Us
Icon Tower 2
About Us

Economic Attractiveness

Liquidity here rests on a Dubai Land Department-registered developer, professional building management and a tenant pool fed by the DMCC free zone next door.

Get Full Investment Details

1,25 mln 10%

Median price (AED)

1,300 16%

Median price per sqft (AED)

23 -26%

Transactions

Source: Data taken from DXB for the last year, overview Icon Tower 2 by Mazaya Holding Co.

ROI 6%

Several factors support the investment case. The starting gross yield is 6%, based on matched current asking sale and rent floors. Water-facing apartments and professional building management help the tower compete for tenants, while the neighbouring DMCC free zone supplies a large pool of working professionals. Two Red Line Metro stations, feeder buses and direct access to Sheikh Zayed Road ease commutes to Dubai Media City, Dubai Internet City and DIFC. As the tower is complete, purchases proceed as standard resales in cash or with a mortgage. Buyers pay the 4% DLD transfer fee, while residential sales carry no VAT.

Asking prices in the tower open at AED 1,100,000 for a one-bedroom apartment of 747 sq ft, with larger apartments priced individually by their owners. Foreign buyers may own on a freehold basis in Jumeirah Lake Towers, taking title in their own name through the Dubai Land Department.

icon

For rent

Letting activity spans the tower's apartment types. Studio asking rents start at AED 43,000 a year for 416 sq ft. Across seven matched listings, annual asking rents average AED 111 per sq ft. Compared with the AED 1,100,000 entry sale price, the matched rental floor produces a starting gross yield of 6%. The nearby DMCC employment base supports demand from professional tenants.

icon

For living

Buyers can move in immediately instead of waiting for construction. Residents praise the convenient access to Cluster L, its position away from heavier congestion and the building's well-maintained condition. Apartments typically include balconies, built-in wardrobes and central air conditioning, while pets are generally welcome. The pool, gym and children's play area support everyday routines. Lakeside promenades, the central park and cluster cafés are all within walking distance of the lobby.

icon

For resale

Resale benefits from finished stock in a district buyers already trust. Twenty-five apartments changed hands in the building over the last 12 months, mostly one-bedroom apartments, so the market absorbs stock rather than sitting on it. Asking levels across current sale listings average AED 1,546 per sq ft, above the AED 1,306 per sq ft median recorded in those trailing-year transactions. Since Jumeirah Lake Towers is consistently priced below Dubai Marina for comparable Metro-connected, water-facing apartments, sellers address a broad pool of value-driven buyers.

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 2

Mazaya Holding Co. is a publicly traded regional developer, dually listed on the Kuwait and Dubai stock markets.

Established in 1998, Mazaya Holding Co. has a portfolio valued at around USD 2 billion across residential, commercial and healthcare property. Its operations span Kuwait, Dubai, Abu Dhabi, Qatar, Oman and Lebanon. In Dubai, the company has been registered with the Dubai Land Department as Developer № 784 since May 2008 and is associated with 64 projects, including Sky Gardens near DIFC.

Location Icon Tower 2 by Mazaya Holding

Icon Tower 2 stands in Cluster L of Jumeirah Lake Towers, beside Lake Almas West, a few minutes from Dubai Marina Mall and within easy reach of Ibn Battuta Mall.

First Al Khail Street borders Cluster L and connects to Sheikh Zayed Road within a few minutes. From there, Dubai Marina is a short drive, Palm Jumeirah takes 13 minutes and DIFC takes 20 minutes by car. Downtown Dubai is about 15 minutes away.

Two Red Line stations, DMCC and Sobha Realty, serve the community and link residents to Dubai Internet City, Mall of the Emirates, Business Bay and Downtown Dubai without a car. Feeder buses circulate internally, and the JLT – Dubai Star Tower stop is a 10-minute walk. Dubai International Airport takes around 23 min to reach, Al Maktoum International about 30.

Open
Map → Location Icon Tower 2 by Mazaya Holding Icon Map PIN

Sights & Attractions

Dubai Marina Mall

icon 7 min

Ibn Battuta Mall

7 min

Palm Jumeirah

13 min

Healthcare facilities

Aster Clinic JLT

icon 9 min

Mediclinic Meadows

9 min

American Medical Center JLT

10 min

Educational institutions

Emirates Int’l School

icon 5 min

Dubai Int’l Academy

5 min

Dubai British School Jumeirah Park

7 min

Transportation

DMCC Metro Station

icon 4 min

Sobha Realty Metro Station

5 min

Dubai Int’l Airport

23 min

FAQ

Below are the questions buyers and tenants ask most often about this tower, from prices and layouts to schools and rental returns. If something you need is not covered, our advisers will walk you through the details.

Ask a Question

Where exactly is Icon Tower 2 located?

The tower stands in Cluster L of Jumeirah Lake Towers, beside Lake Almas West; some listings use Lake Almas West as the sub-area name for the same building. First Al Khail Street connects the cluster to Sheikh Zayed Road within a few minutes. Palm Jumeirah is 13 minutes away by car, DIFC takes 20 min and Downtown Dubai about 15 minutes. The community is also served by DMCC and Sobha Realty Metro stations.

Who developed Icon Tower 2 and is the building complete?

Mazaya Holding Co., a publicly traded developer listed on both the Kuwait and Dubai stock markets, delivered the building. It was completed in 2008 and is ready to move into. The company has been registered with the Dubai Land Department as Developer № 784 since May 2008 and is associated with 64 projects across the emirate. Because the tower is long past handover, purchases proceed as standard resale transactions rather than through a construction-linked schedule.

What apartment types and sizes are available?

The residential mix runs from studios to three-bedroom apartments, with retail outlets and offices on the lower levels of the 40-storey building. The developer-era minimum unit size is 451 sq ft. Among current listings, studios offered to rent begin at 416 sq ft and one-bedroom apartments offered for sale start at 747 sq ft. Three-bedroom apartments are the largest, pairing three bedrooms with five bathrooms, built-in wardrobes, a fitted kitchen, separate living and dining space and a balcony.

How much does an apartment in Icon Tower 2 cost?

The lowest current asking price in the building is AED 1,100,000 for a one-bedroom apartment measuring 747 sq ft. Across matched sale listings, asking values average AED 1,546 per sq ft. Sales history adds context rather than a quote: 25 apartments changed hands in Icon Tower 2 over the last 12 months, mostly one-bedroom apartments, at a typical AED 1.2M and around AED 1,306 per sq ft. Buyers should also budget the 4% Dubai Land Department transfer fee.

Is there a payment plan for buyers?

No installment schedule applies. The building was finished in 2008 and no post-handover plan is currently offered. Purchases complete as resale transactions in cash or with mortgage finance arranged through a UAE bank, and title transfers at the Dubai Land Department once payment settles. Residential property in Dubai does not attract the 5% VAT charged on commercial deals, so the main statutory cost is the 4% transfer fee alongside standard registration and agency charges.

What amenities do residents have access to?

Shared facilities include a swimming pool, a fully equipped gymnasium, a spa, a children's play area, high-speed elevators, covered parking, a staffed lobby and 24-hour security, all under professional building management. Inside the apartments, balconies, built-in wardrobes and central air conditioning are typical, and pets are generally permitted. Retail outlets occupy part of the lower building, so several daily errands are handled without leaving the address.

Do apartments here have water views?

Many do. The tower rises 151 metres over 40 floors beside Lake Almas West, so a good number of apartments look out over the water, with higher floors also catching the Dubai Marina skyline across Sheikh Zayed Road. Orientation varies by line and level, so views are worth confirming on the specific apartment before committing. The lakeside promenade running through Jumeirah Lake Towers extends that water setting at ground level.

What rental income can an owner expect?

Current asking rents in the building open at AED 43,000 a year for a studio and AED 62,999 for a one-bedroom apartment, rising to AED 82,000 for two bedrooms and AED 142,000 for a three-bedroom apartment. Averaged across seven matched listings, rents run at AED 111 per sq ft per year. Measured against the AED 1,100,000 entry sale price, that produces a starting gross yield of 6% before service charges and management costs.

Which schools and nurseries serve families here?

Nurseries and children's play areas operate inside Jumeirah Lake Towers, but the community has no primary or secondary school of its own. Families typically enrol at Dubai British School Jumeirah Park, Emirates International School or GEMS Wellington International School, all a short drive away, or at Dubai International Academy in neighbouring Emirates Hills, an IB World School offering the PYP, MYP and IB Diploma. Metro and road access make those journeys manageable on a weekday schedule.

Can foreign buyers purchase in the tower?

Yes. Jumeirah Lake Towers allows overseas purchasers to acquire property on a freehold basis, with title registered in the buyer's own name at the Dubai Land Department. One point worth clarifying: the DMCC free zone headquartered in the community concerns business licensing and is separate from property-ownership status. The wider district also benefits from Dubai's investor-friendly financing framework and a streamlined transfer process.

What is living in Cluster L actually like?

Residents praise the quick access in and out of Cluster L, its distance from heavier congestion, the standard of finishing and the building's well-maintained condition. Reviews also note drawbacks in some parts of the tower, including noise from a garbage chute, cigarette smell in corridors and night-time construction elsewhere in the cluster. Lakeside walking routes, cluster cafés and bus stops within a 10-minute walk shape the daily routine.

Is the tower better suited to investors or owner-occupiers?

It works for both, for different reasons. Yield-focused buyers are drawn by capital and rental values at the more accessible end of the district and a tenant pool fed by DMCC, where thousands of registered companies employ professionals who want to walk to work. Owner-occupiers get a finished apartment with no waiting period and a straightforward cash-or-mortgage purchase. Commuters to Dubai Media City and Dubai Internet City have the shortest journeys of all.
FAQ

Properties you might also like

Hilton Residences JLT by Emirates Developments
35/65 Payment Plan
Handover Q3 2027

from AED 1,150,000

ROI 8%

Hilton Residences JLT
by Emirates Developments
Apartments
Villas
Indigo Tower by Emirates Property Investments Company
Handover Ready

from AED 895,000

ROI 7.5%

Indigo Tower
by Emirates Property Investments Company
Apartments
Duplexes
Penthouses
Green Lakes 3 by Asam Real Estate
Handover Ready

from AED 915,000

ROI 6.5–7%

Green Lakes 3
by Asam Real Estate
Apartments
Al Shera Tower by Saleh Bin Lahej Group
Handover Ready

from AED 900,000

ROI 7%

Al Shera Tower
by Saleh Bin Lahej Group
Apartments
Penthouses
MAG 214 by MAG Property Development
Handover Ready

from AED 1,024,077

ROI 7%

MAG 214
by MAG Property Development
Apartments
Duplexes
Penthouses
Lakeside Residence by Al Manal Development
Handover Ready

from AED 1,050,000

ROI 7%

Lakeside Residence
by Al Manal Development
Apartments
V3 Tower by Nakheel
Handover Ready

from AED 1,100,000

ROI 6.5%

V3 Tower by Nakheel
Apartments
Bonnington Tower by Bonnington Hotels Ltd
Handover Ready

from AED 1,280,000

Bonnington Tower
by Bonnington Hotels Ltd
Apartments
Townhouses
Goldcrest Views 1 by Al Ghurair Group
Handover Ready

from AED 900,000

ROI 8%

Goldcrest Views 1
by Al Ghurair Group
Apartments
Duplexes
Penthouses

Book an appointment with our agent

Register your Interest below for more detailed information

Icon Tower 2
Amirans Kavtaradze

List by

Amirans Kavtaradze

  • 100% free guidance & advice
  • 0% tax on rental income & profit upon sale
  • High returns
  • Flexible payment plan with 0% interest
  • 24/7 support

Icon Tower 2

Starting Price AED 1,10 mln

Handover Ready