MERED wins ‘Project of the Year with Best Architecture’

MERED, an award-winning worldwide actual property developer, identified for its flagship mission – ICONIC Tower in Dubai Web Metropolis has right this moment introduced its win for the Venture of the Yr with Finest Structure on the Pillars of Actual Property Awards. The flagship tower is developed in collaboration with globally famend architectural powerhouse Pininfarina, often known as the worldwide standard-bearer of structure and Italian design aesthetics, and is esteemed for creating timeless designs that embody the essence of know-how and wonder.

ICONIC Tower, located within the vibrant coronary heart of the town, is about to rework Dubai’s skyline and introduce an period of ultra-luxury city residing. Because the tallest construction in Dubai Web Metropolis, hovering to a peak of 286.4 meters, this mission represents the synergy between MERED’s forward-thinking actual property methods and Pininfarina’s iconic design philosophy. This collaboration leverages Pininfarina’s unmatched design heritage with MERED’s imaginative and prescient to develop a landmark that epitomizes opulence and innovation. Collectively they’re establishing a brand new normal for architectural class, making the ICONIC Tower a beacon of luxurious residing and cutting-edge design within the bustling city panorama.

The ultra-luxurious tower gives 310 unique residences with world-class facilities unfold throughout the constructing together with a non-public lounge & eating room, an geared up fitness center, a non-public cinema, an infinity pool overlooking the ocean, an ice-spa, lounges & out of doors terraces, a jacuzzi, a sauna and way more. The tower will characteristic 423 devoted parking areas, together with a restricted variety of unique, air-conditioned ones.

Dubai’s residential property market is seeing a skyward rise fueled by the prosperous luxurious sector, which is enjoying a pivotal function within the metropolis’s actual property prosperity. In line with Knight Frank, Dubai recorded its highest whole variety of USD 10 million plus dwelling market gross sales which grew by 92.4 % to 431 gross sales throughout 2023. The full worth of gross sales above this value level grew by 91 % final yr to USD 7.6 billion, 28 % of which was achieved in This fall 2023 alone.

Diana Nilipovscaia, CEO at MERED, commented on this prestigious win: “ICONIC Tower is a testomony to luxurious residing, it redefines Dubai’s skyline with unmatched class. Our landmark partnership with Pininfarina helps us to raise the true property panorama within the nation. Pininfarina’s distinctive 90-year heritage in Italian design and worldwide architectural expertise enhances MERED’s imaginative and prescient for the ICONIC Tower, guaranteeing that it’ll not simply be a residential improvement however a landmark that embodies class, craftsmanship, and cutting-edge know-how.”