ICONA Residence Al Reeman, Al Shamkhah: Prices, Payment Plan & Handover

ICONA Residence is a new mixed-use residential development in Al Reeman, Al Shamkhah, Abu Dhabi, introducing a limited collection of contemporary apartments within one of the capital’s expanding mainland residential districts.

Developed by Castor Real Estate Enterprises Investment Development – L.L.C – S.P.C, the project combines practical apartment layouts, landscaped surroundings, community amenities and convenient access to Zayed International Airport, Yas Island and other important Abu Dhabi destinations.

As of August 2026, ICONA Residence is no longer simply an announced project. Abu Dhabi’s official ADREC directory records the development at 20% construction completion, providing buyers with a clearer picture of its progress toward the currently published Q4 2027 handover.

For buyers researching apartments for sale in Al Shamkhah, ICONA Residence adds a comparatively small-scale option to a district that continues to attract both end users and property investors.

ICONA Residence Project Overview

ICONA Residence is located in SH36 within Al Reeman, part of the wider Al Shamkhah area of Abu Dhabi. The development is planned as a six-floor building containing 46 residential apartments together with two retail units.

The relatively limited residential collection distinguishes ICONA from larger apartment communities containing hundreds of units.

Published project information shows studios, one-bedroom apartments, larger one-bedroom configurations with additional utility or maid space, and two-bedroom apartments with maid’s rooms.

Apartment areas extend from approximately 511 sq ft to 1,638 sq ft.

The project’s contemporary architecture emphasises natural light, balconies and terraces while keeping internal layouts practical for everyday residential use.

ICONA Residence Prices

Published launch information placed the entry price for ICONA Residence at approximately AED 654,530 for selected studio apartments.

Buyers should treat this specifically as a launch or headline starting price rather than assuming that an apartment remains available today at exactly the same amount.

Available inventory changes as sales progress, and the final purchase price depends on the apartment type, size, position within the building, floor level and remaining developer stock.

For buyers comparing ICONA against other Abu Dhabi apartments, the more meaningful calculation is usually the price per square foot of the specific available residence combined with its layout efficiency and payment terms.

Those exploring the wider market can also review available opportunities through NAS Luxury Real Estate before choosing between Al Reeman and other Abu Dhabi communities.

ICONA Residence Payment Plan

Published sales information for ICONA Residence shows a 40/60 payment plan, beginning with a 10% booking payment.

The published structure allocates 40% of the purchase price before completion and the remaining 60% at handover.

An important point for buyers entering the project now is that some originally published construction-payment dates have already passed. A new purchaser should therefore request the current payment schedule attached to the exact available unit rather than relying on an older launch-stage schedule.

The expected handover remains Q4 2027 according to currently published project information.

Latest Construction Update

One of the strongest additions to the investment case compared with an early launch-stage purchase is the ability to track physical development through Abu Dhabi’s regulatory system.

As of August 2026, the ADREC project directory lists ICONA Residence at 20% construction completion.

This does not eliminate normal off-plan development risk, but it gives buyers an official reference point when reviewing the project’s current status.

Those who want to compare developers active across the capital can also explore the Abu Dhabi developer directory on NAS Luxury.

Apartments and Floor Plans

ICONA Residence has been designed for different buyer profiles rather than concentrating entirely on small investor-oriented apartments.

Studios provide the lowest entry point, while one-bedroom residences offer larger layouts for professionals and couples. Selected larger one-bedroom apartments incorporate additional dining, laundry or maid spaces.

At the upper end, two-bedroom apartments with maid’s rooms extend to approximately 1,638 sq ft, creating a more family-oriented option.

This mix is important for long-term positioning because Al Shamkhah naturally attracts residents looking for practical permanent accommodation rather than exclusively tourism-driven or short-term rental properties.

Amenities at ICONA Residence

Published amenities include a swimming pool, gymnasium, children’s play facilities, covered parking, retail areas and access to community green spaces.

Balconies and terraces are incorporated across the development, while the surrounding Al Reeman master community provides additional open spaces and everyday facilities.

For a useful comparison with another apartment development in the same wider area, buyers can review Reeman Living 2 in Al Shamkhah.

ICONA Residence Location in Al Shamkhah

Connectivity is one of ICONA Residence’s strongest practical advantages.

According to Castor’s published location information, schools, healthcare and shopping facilities are approximately five minutes away. Shakhbout Medical City is around 10 minutes away, while Zayed International Airport and Al Forsan International Sports Resort are approximately 15 minutes from the development.

Yas Island and its major attractions are positioned at approximately a 20-minute drive.

These travel times make the project particularly relevant for residents working around the airport, Khalifa City, Yas Island, Masdar City and surrounding mainland employment districts.

Al Shamkhah is not intended to compete directly with the waterfront lifestyle of Saadiyat Island or Al Reem Island. Instead, it offers a more residential proposition centred around connectivity, family living and generally more accessible property entry points.

A broader perspective on current demand in the area is available in Ayman Sadieh’s Abu Dhabi property market analysis, which highlights Al Shamkhah among communities showing strong residential activity.

Is ICONA Residence a Good Investment?

ICONA Residence may be particularly relevant for buyers seeking an entry into Abu Dhabi’s off-plan apartment market outside the premium island districts.

Its investment proposition rests on several practical fundamentals: a relatively small residential collection, proximity to Zayed International Airport and Yas Island, family-oriented layouts and continued development within Al Reeman.

However, buyers should avoid assuming that a small number of apartments automatically guarantees scarcity or capital appreciation.

Before purchasing, NAS Luxury recommends comparing the specific unit against competing Al Reeman supply, reviewing the price per square foot, understanding the current payment schedule and evaluating the likely long-term rental audience.

Studios and compact one-bedroom apartments may appeal more naturally to professionals and investors seeking a lower entry threshold, while larger one- and two-bedroom configurations could be better aligned with couples and families seeking longer-term accommodation.

Why Buy ICONA Residence with NAS Luxury Real Estate?

Buying an off-plan property requires more than selecting a floor plan from a brochure.

NAS Luxury Real Estate helps buyers compare available units, current developer pricing, payment structures, location positioning and competing properties across Abu Dhabi before making a purchase decision.

For ICONA Residence, the objective should be to identify the apartment offering the strongest combination of layout, price, floor position, payment terms and long-term suitability rather than simply choosing the lowest advertised entry price.

ICONA Residence represents an interesting new addition to Al Reeman as Abu Dhabi’s mainland residential market continues to expand. With construction already underway and handover currently targeted for Q4 2027, the development deserves consideration from both end users and investors searching for modern apartments in Al Shamkhah.