Under constructionApartment

Al Shamkha · Abu Dhabi

Icona Residence

by Castor Real Estate Development

© Castor Real Estate Development
63of 100

Rendr Score

Fair

#94 of 124 on sale in Abu Dhabi →
Sold from11 sales, last 90 days · ADREC; cheapest: all 1-beds
AED 965K≈ $263K
Listed fromper propertyfinder.ae, 1 Oct 2026
AED 655K
Buyers paid vs ADREC median
−9%
Price, payment plan and homes ↓
Compare
ADREC sales register · 10 Nov 2026See the 36 registered sales at Icona Residence: date, size and price paid. Plus the 7 assessed factor scores and the score history. Free.Unlock free →

Price, payment plan and homes

Price per ADREC; listed price per propertyfinder.ae, 1 Oct 2026
Sold from
AED 965K
11 sales, last 90 days · ADREC; cheapest: all 1-bedsListed from AED 655K
Bedrooms
Studio to 2 bed
511 – 1,638 sqft · 46 units
Payment plan
10/30/60
AED 65.5K to book
Handover
Q4 2027
33% built per ADREC · likely later

ADREC registered sales

Last 90 days
AED 975K – AED 1.41M
· 11 sales, mostly 1-beds

Homes and floor plans

46 homes · Freehold

Pick a home: the plan and the forecast follow it.

Paid: middle half of each type's sales by the developer, Jul–Nov 2026 · ADREC

Full table
TypeBedroomsSize (sqft)PricePer sqft
ApartmentStudio511 – 567AED 655KAED 1,281
Apartment1 bed818 – 1,069AED 879KAED 1,075
Apartment · With study1 bed1,204 – 1,335AED 1.26MAED 1,046
Apartment · With maid's room2 bed1,280 – 1,638AED 1.42MAED 1,112

Payment plan · studio

On AED 655K
  1. 10% at bookingAED 65.5K
  2. 30% during construction, until handover (Q4 2027)AED 196K
  3. 60% on handover (Q4 2027)AED 393K

Before the keys: AED 262K, 40% of the price.

Open in the map

Location · Al Shamkha · Abu Dhabi

Inland suburb south-east of the airport with affordable villa and townhouse communities.

Forecast

What the studio could be worth

More in Al Shamkha

Compare side by sideAll projects in Al Shamkha

The in-depth review

Why it scores 63

Price per sqft vs registered sales

ADREC / DARI · as of 10 Nov 2026

−9% below what buyers paid nearby

Buyers paid hereAED 1,085/sqft

36 developer sales, last 6 months · middle half AED 1,034 – AED 1,124

Al Shamkha median · apartmentsAED 1,190/sqft

Developer sales, last 6 months, 142 registered sales in the area · middle half AED 1,083 – AED 1,299

Asking now (est.)AED 1,094/sqft

Our estimate from the listed prices and unit sizes

See each of the 36 sales: date, size, price

Developer sales pace

6 a month

36 developer sales, last 6 months

How this is measured

Buyers paid a median of AED 1,085/sqft in this project (developer sales, last 6 months, 36 registered sales, as of 10 Nov 2026) against the ADREC median of AED 1,190/sqft for apartments in Al Shamkha, as of 10 Nov 2026. ADREC registers every sale in Abu Dhabi, and names the project on each. Both figures are sales registered as bought from the developer: this project's against its area's. Asking from AED 1,094/sqft (est.). Source: ADREC / DARI.

How the 63 was scored

7 of 8 factors · 85% of the weight · 10 Nov 2026
  1. 01Price against what buyers actually paidAssessed · weight 25
  2. 02Developer track recordAssessed · weight 20
  3. 03Payment planAssessed · weight 10
  4. 04Location and infrastructureAssessed · weight 15
  5. 05How big the resale market isAssessed · weight 10
  6. 06Construction on scheduleNot assessed · weight 15
  7. 07How much is still being built nearbyAssessed · weight 5
  8. 08The basics on fileAssessed · weight 0
Confidence: high
How each factor was measured

Each factor with what it was measured on. Its score and the reasoning are in the full breakdown.

Price against what buyers actually paid
36 registered developer sales here, against the median of 142 developer sales in Al Shamkha · ADREC
Developer track record
Our rating and 1 projects on the ADREC register
Payment plan
10% down · 30% during construction · 60% on handover
Location and infrastructure
Our rating of Al Shamkha, and 4 kinds of places measured from the pin · OpenStreetMap
How big the resale market is
19 resales of finished apartments in Al Shamkha in 12 months · ADREC
Construction on schedule
Not assessed yet: needs the completion % and handover date, or the owner's assessment
How much is still being built nearby
497 homes sold in Al Shamkha in 12 months, 88% off-plan · ADREC
The basics on file
Registration or escrow number on file · ADREC

Confidence high: what buyers paid here is a median of 36 registered sales, against 142 in the area.

61 → 63 10 Nov 2026, price, supply factorsScored since 25 Sep 2026 · 8 score changes

The formula is public: how the Rendr Score works. Our opinion, not investment advice. A figure you believe is wrong: alexk.dxb02@gmail.com.

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The full breakdown behind the 63

Free for 90 days. One sign-up opens everything on the site: the breakdown behind all 1,673 scored projects, the figures and reasons behind the developers' ranking, and rent, a mortgage and fees in every forecast. Nothing to pay.

  • The 36 registered sales here: date, size and price paid
  • The 7 assessed factor scores, with the figure and source behind each
  • Castor Real Estate Development's ADREC record: 1 project, 0 past their date
  • Score history since 25 Sep 2026 and why each move happened
  • Rent, a mortgage and fees in the forecast, year by year

See what buyers paid at Icona Residence, and everything behind the 63.

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Projects scored
1,673
projects scored
Factors
8
factors, formula public
Registers
ADREC · DLD
registered sales, not asking prices

Handover date

Q4 2027

Under construction · 33.49% built, ADREC's project register, 24 Sep 2026

What this means

Also due in 2027 in Al Shamkha: 4 more projects we list

Icona Residence is due to hand over in Q4 2027. Construction is 33.49% complete according to ADREC's project register (24 Sep 2026). At that progress it cannot hand over by Q4 2027 at any usual building pace. Handover dates are the developer's own estimate and off-plan schedules move, so confirm the current date in writing before paying anything.

ADREC registration status

Verified 1 Oct 2026
  • Project registration20260000775027
  • Escrow accountNot published yet
  • Developer licenceNot published yet
Where the figures come from

Check it on dari.ae. How to read the ADREC register.

Figures from propertyfinder.ae, castor.ae, read 9 Oct 2026, last verified 1 Oct 2026. Construction figure from ADREC's project register, 24 Sep 2026.

Before you pay: four things to check

  1. 1The escrow accountWe hold no escrow account number. Ask the developer for it, and check it on dari.ae before paying.
  2. 2The handover dateThe listed date is Q4 2027. ADREC shows 33% built on 24 Sep 2026, a pace that points to later. Ask for the date in the sales agreement.
  3. 3Today's price listAED 655,000 is a starting price from propertyfinder.ae, 1 Oct 2026. Ask for the unit's own price.
  4. 4The instalment dates10% at booking, 30% during construction, 60% at handover. Ask for each payment's date and amount.

About

Icona Residence is Castor's apartment building in Al Shamkha, Abu Dhabi: 46 homes on six floors, from studios of about 511 to 567 sq ft to two-bedroom flats of up to 1,638 sq ft.

Read more

The project is registered in Abu Dhabi as 20260000775027 and stood at 33.5% built at the register's last reading (2026-09-24).

Developer
Castor Real Estate Development
Area
Al Shamkha
Status
Under construction
Total units
46
Ownership
Freehold

Amenities

  • Indoor Swimming Pool
  • Landscaped Gardens
  • CCTV Security
  • Gymnasium
  • Restaurants
  • Children's Play Area

What’s nearby

straight-line distance
  • School2.8 km
  • Hospital or clinic3.6 km
  • Supermarket or mall3.7 km
  • Beach9.0 km

The nearest of each on OpenStreetMap, Sep 2026.

Icona Residence: questions buyers ask

How much does Icona Residence cost?

Registered sales at Icona Residence start from AED 965,000 (about $263K): the cheapest tenth of 11 sales by the developer (all 1-beds), Aug–Nov 2026, per ADREC. It is listed from AED 655,000, per propertyfinder.ae on 1 Oct 2026.

What is the price per sqft at Icona Residence?

Buyers paid a median of AED 1,085 per sqft at Icona Residence (developer sales, last 6 months, 36 registered sales).

When is the Icona Residence handover date?

Icona Residence is expected to hand over in Q4 2027. The project is under construction, 33.49% built according to ADREC's project register.

What is the Icona Residence payment plan?

Icona Residence is offered on a 10/30/60 plan: 10% on booking, 30% during construction and 60% at handover.

Is Icona Residence priced above or below what buyers paid nearby?

Buyers paid a median of AED 1,085 per sqft in Icona Residence (developer sales, last 6 months, 36 registered sales), which is 9% below the median of AED 1,190 per sqft that buyers actually paid for apartments in Al Shamkha, across 142 sales registered with ADREC.

What is the Rendr Score of Icona Residence?

Icona Residence scores 63 of 100 on the Rendr Score, fair, as of 10 Nov 2026; 7 of its 8 factors are assessed, 85% of the weight.

Who is the developer of Icona Residence?

Icona Residence is being developed by Castor Real Estate Development. It sits in Al Shamkha, Abu Dhabi.

Is Icona Residence registered with ADREC?

Icona Residence is registered with the Abu Dhabi Real Estate Centre (ADREC) under number 20260000775027. Check it at dari.ae before you pay.

Changes

Listed 24 Sep 2026 · 1 change since, last 9 Oct 2026

  1. Payment plan stated: 10/30/60

    Source: propertyfinder.ae, castor.ae, read 9 Oct 2026

  2. Listed on the site

    Source: propertyfinder.ae, read 24 Sep 2026

Sold from

AED 965K

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