MERED
Iconic Tower
Dubai Internet City, Dubai
From AED 2,570,000
- Payment plan50/50
- HandoverQ3 2027
- Units1–3 BR
Off-plan
Magnolia
Magnolia is an off-plan apartments development by Palladium in Dubai Internet City, with homes from AED 1,250,000 on a 60/40 payment plan and handover expected in Q3 2028. Homes at AED 2 million or more may support a 10-year UAE Golden Visa, with extra document rules for off-plan units.
Starting from
AED 1,250,000
Overview
Apartments in Dubai Internet City.
Magnolia embodies a refined balance of calm sophistication and contemporary vision, creating an atmosphere where elegance feels effortless. Its architectural silhouette is defined by clean lines, warm tones, and a serene aesthetic that evokes a sense of harmony from the very first impression.
Crafted with a focus on design excellence, the project reflects thoughtful spatial planning and a cohesive visual identity. Every detail — from the interplay of textures to the curated interior concept — reinforces a sense of refined modern living.
Residents enjoy a lifestyle shaped by comfort and connection, with amenities designed to elevate everyday living. Communal areas encourage relaxation and social interaction, while a selection of leisure facilities supports wellness, convenience, and a sense of belonging.
High-quality materials and meticulous finishing define every residence, complemented by elegant fittings and durable surfaces. Kitchens are fully equipped for practical daily use, and the furnishing approach unites functionality with a contemporary aesthetic, ensuring each home is ready to welcome its residents.
Details
Key facts.
- Developer
- Palladium
- Area
- Dubai Internet City, Dubai
- City
- Dubai
- Starting price
- AED 1,250,000
- Status
- Off-plan
- Handover
- Q3 2028
- Property types
- Apartment
- Unit types
- Studio – 1 BR
- Payment plan
- 60/40
- Golden Visa
- Below AED 2M from-price
Gallery
Project photos.
Amenities
Life in and around the building.
- Children's Pool
- Shared Gym
- Balcony
- Security
- Children's Play Area
- Covered Parking
- Lobby in Building
- Shared Pool
- View of Water
- View of Landmark
Payment plan
60/40, paid in 3 steps.
60% before handover40% on handover
- 110%Down paymentOn booking
- 250%Construction instalmentsDuring construction
- 340%Handover paymentOn handover
| Milestone | Share | Amount (AED)* |
|---|---|---|
| Down payment | 10% | 125,000 |
| Construction instalments | 50% | 625,000 |
| Handover payment | 40% | 500,000 |
| Total | 100% | 1,250,000 |
*Worked example on the starting price of AED 1,250,000. Instalment dates and amounts are confirmed per unit in the sales offer. DLD registration fees are payable on top (see the buying guide).
Floor plans
Unit types & sizes.
| Unit type | Size (sq ft) |
|---|---|
| Studio | 303 |
| Unit type | Size (sq ft) |
|---|---|
| 1 bedroom | 490 |
Location
In Dubai Internet City.
Investment
The numbers, worked out.
- Entry price
- AED 1,250,000
- Paid before handover
- AED 750,000 (60%)
- Due on handover
- AED 500,000 (40%)
- DLD registration (4%)
- AED 50,000 verify
- Golden Visa threshold
- From-price is below AED 2M
Worked from the starting price and the stated payment plan; your unit’s figures come from the sales offer. The 4% DLD figure is DLD’s published sale-registration fee (how it is split is set in the sale agreement). Not financial advice. See the investor guide.
Developer
About Palladium.
- Projects on Sovereign
- 3
- Broker (Sovereign Realty) ORN
- 46342
Sovereign Realty’s broker registration. Trade licence 1430699.
FAQ
Questions about this project.
What is the starting amount at Magnolia?
Homes at Magnolia start from AED 1,250,000 for studios. Availability and figures change with each release, so request the latest availability before you reserve.
What is the payment plan for Magnolia?
Palladium offers a 60/40 payment plan: 60% during construction and 40% on handover. The Dubai Land Department registration fee of 4% is usually paid at signing, on top of the plan.
When is handover at Magnolia?
Handover is expected in Q3 2028. Completion dates can move, so check the developer's latest construction update before you plan around it.
What fees sit on top of the payment plan at Magnolia?
Budget for the Dubai Land Department registration fee of 4% of the sale value, usually paid at signing, and Sovereign's brokerage fee of 2%. Any developer admin charge is set in the sale and purchase agreement for the unit.
Does Magnolia qualify for the UAE Golden Visa?
A home with a purchase value of AED 2 million or more, held in your name, can support a 10-year Golden Visa. Off-plan units need extra documents, so read our Golden Visa guide first.
Who is the developer of Magnolia?
Magnolia is developed by Palladium. See the developer page for their other projects in Dubai.
How do I get the floor plans and brochure for Magnolia?
Send an enquiry from this page and Sovereign will share the floor plans, brochure and current availability for Magnolia.
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Questions about
this project?
Ask about availability, the payment plan or resale rules.