Icona Residence

Icona Residence is an off-plan development by Castor Real Estate Development in Al Shamkha, sold before completion. Unit types, floor plans, pricing and the payment schedule are listed on this page, along with the expected handover date.

Icona Residence is offered with a developer payment plan, generally a booking deposit followed by construction-linked instalments and a final amount at handover. The payment plan section above shows the exact split for this project.

The expected handover date is shown in the project timeline on this page. Construction progress is tracked against RERA-registered milestones, and payments fall due as those milestones are certified.

Yes. As a RERA-registered project, buyer funds are held in a project escrow account and released to the developer against verified construction progress, rather than paid directly to the developer upfront.

Beyond the unit price, budget for the 4% Dubai Land Department registration fee and any applicable agency commission. Dubai charges no annual property tax and no capital gains tax on residential property.