1001, Iris Blue Tower
Sold prices and rental history: sold once, by the developer in February 2015, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1001, Iris Blue Tower
What is 1001 worth today?
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Source: Dubai Land Department. Updated 23 January 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,326 sqft
- Floor
- 10th of 28
- Parking
- P1-18
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 32,800 /yr
- Last sold
- AED 1.83M · February 2015
- Building
- Iris Blue Tower
About 1001, Iris Blue Tower
1001 is a two-bedroom apartment of 1,326 sqft on the 10th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). The developer sold it on 11 February 2015 for AED 1,825,000, or AED 1,376 per sqft, 19% below the AED 1,691 two-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 23 January 2023, is AED 120,000 a year: a gross yield of 6.6% on the 2015 price, before the service charge of about AED 32,800 a year.
Sales and rents for 1001 over time
1001 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Iris Blue Tower, and where 1001 sits
All 94 2-beds →1001 last sold in February 2015 at AED 1,376 per sqft, 19% below what two-beds in Iris Blue Tower were fetching at the time (AED 1,691). Over the last 12 months two-beds sold for AED 2,375,000 to 2,900,000, around AED 1,969 per sqft, and rent for AED 124,998 to 235,000 a year. 1001's AED 120,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Oct 202626 October 2026 | 1,371 sqft | 2,424,250 | 1,767 | ||
| 28 Sep 202628 September 2026 | 1,371 sqft | 2,900,000 | 2,114 | ||
| 4 Sep 20264 September 2026 | 1,326 sqft | 2,900,000 | 2,187 | ||
| 4 Aug 20264 August 2026 | 1,326 sqft | 25,867 | 19 |
Iris Blue Tower
Building158 apartments, 1-bed to 3-bed over 28 floors in Dubai Marina, completed in 2008 by SHETH ESTATE (INTERNATIONAL). 15 sold in the last 12 months.
- Typical price per sqft
- AED 1,893 Down 14.9%
- Typical sale
- AED 2.5M
- Typical rent
- AED 140K /yr
- Typical yield
- 5.9%
Other units on the 10th floor
All 158 units in Iris Blue Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1002 | 2-bed | 1,326 sqft | AED 2.2MAED 2,200,000 · Oct 2022October 2022 | 162,000 /yr | |
| 1003 | 1-bed | 736 sqft | AED 1.28MAED 1,277,000 · Aug 2026August 2026 | 76,072 /yr | |
| 1004 | 2-bed | 1,371 sqft | AED 2.9MAED 2,900,000 · Aug 2024August 2024 | 190,000 /yr | |
| 1005 | 2-bed | 1,371 sqft | AED 1.43MAED 1,428,100 · Dec 2012December 2012 | 141,750 /yr | |
| 1006 | 1-bed | 736 sqft | AED 1.27MAED 1,268,000 · Oct 2021October 2021 | 120,000 /yr |
1001, Iris Blue Tower in numbers
- Sold once: by SHETH ESTATE (INTERNATIONAL) on 11 February 2015 for AED 1,825,000, or AED 1,376 per sqft.
- Rented since January 2020 on 4 Ejari contracts, from AED 134,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2015 price is 6.6%, before a service charge of about AED 32,800 a year (AED 24.76 per sqft).
- Two-beds in Iris Blue Tower sold for AED 2,375,000–2,900,000 in the 12 months to November 2026; the building's median across all types is AED 1,893 per sqft.
Source: Dubai Land Department. Updated 23 January 2023.
Questions about 1001, Iris Blue Tower
What did unit 1001 last sell for?
AED 1,825,000 on 11 February 2015, sold by the developer: AED 1,376 per sqft for 1,326 sqft. It is the only registered sale of the unit.
What is the rent for unit 1001?
AED 120,000 a year on the contract renewed on 23 January 2023. The previous contract, from January 2022, was AED 120,000; the unit has been rented since January 2020.
How big is unit 1001?
1,326 sqft (123.2 sqm): a two-bedroom apartment on the 10th floor of a 28-storey tower completed in 2008.
What is unit 1001 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Iris Blue Tower sold for AED 2,375,000 to 2,900,000 in the last 12 months, around AED 1,969 per sqft.
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Mortgage on 1001, Iris Blue Tower
Starts from the last sale price (AED 1.83M, 11 February 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,825,000
- Deposit, UAE resident (20%)
- AED 365,000
- Deposit, non-resident (40%)
- AED 730,000
- Monthly over 25 years at 3.7%
- AED 7,467
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →