1005, Iris Blue Tower
Sold prices and rental history: sold once, by the developer in December 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1005, Iris Blue Tower
What is 1005 worth today?
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Source: Dubai Land Department. Updated 12 October 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,371 sqft
- Floor
- 10th of 28
- Parking
- P1-20
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 34,000 /yr
- Last sold
- AED 1.43M · December 2012
- Building
- Iris Blue Tower
About 1005, Iris Blue Tower
1005 is a two-bedroom apartment of 1,371 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 25 December 2012 for AED 1,428,100, or AED 1,041 per sqft, 25% below the AED 1,388 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 12 October 2023, is AED 141,750 a year: a gross yield of 9.9% on the 2012 price, before the service charge of about AED 34,000 a year.
Sales and rents for 1005 over time
1005 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 1005 sits
All 94 2-beds →1005 last sold in December 2012 at AED 1,041 per sqft, 25% below what two-beds in Iris Blue Tower were fetching at the time (AED 1,388). 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. 1005's AED 141,750 is in the lower half 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 | |||||
|---|---|---|---|---|---|
| 1001 | 2-bed | 1,326 sqft | AED 1.83MAED 1,825,000 · Feb 2015February 2015 | 120,000 /yr | |
| 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 | |
| 1006 | 1-bed | 736 sqft | AED 1.27MAED 1,268,000 · Oct 2021October 2021 | 120,000 /yr |
1005, Iris Blue Tower in numbers
- Sold once: by SHETH ESTATE (INTERNATIONAL) on 25 December 2012 for AED 1,428,100, or AED 1,041 per sqft.
- Rented since March 2013 on 11 Ejari contracts. The rent fell from AED 145,000 to AED 85,000 in 2020 and recovered to AED 141,750 by October 2023.
- At AED 141,750 a year the gross yield on the 2012 price is 9.9%, before a service charge of about AED 34,000 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 12 October 2023.
Questions about 1005, Iris Blue Tower
What did unit 1005 last sell for?
AED 1,428,100 on 25 December 2012, sold by the developer: AED 1,041 per sqft for 1,371 sqft. It is the only registered sale of the unit.
What is the rent for unit 1005?
AED 141,750 a year on the contract renewed on 12 October 2023. The previous contract, from October 2022, was AED 135,000; the unit has been rented since March 2013.
How big is unit 1005?
1,371 sqft (127.4 sqm): a two-bedroom apartment on the 10th floor of a 28-storey tower completed in 2008.
What is unit 1005 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 1005, Iris Blue Tower
Starts from the last sale price (AED 1.43M, 25 December 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,428,100
- Deposit, UAE resident (20%)
- AED 285,620
- Deposit, non-resident (40%)
- AED 571,240
- Monthly over 25 years at 3.7%
- AED 5,843
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →