2-bed · 2,203 sqftIris Blue Tower, Dubai Marina · 1st floor · completed 2008

101, Iris Blue Tower

Sold prices and rental history: sold 3 times, last in November 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 101 · DLD and Ejari recordsUpdated 1 May 2023
Last soldAED 1.93M7 November 2012
Current rentAED 185K /yr1 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 101, Iris Blue Tower

What is 101 worth today?

Last sold for AED 1,925,000 in 2012

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1 May 2023RentedNew contract
AED 185,000/yr12 months · AED 84 per sqft
24 Jun 2015RentedNew contract
AED 175,000/yr12 months · AED 79 per sqft
1 Dec 2014RentedNew contract
AED 177,000/yr8 months · AED 80 per sqft
25 Jun 2013RentedNew contract
AED 160,000/yr12 months · AED 73 per sqft
7 Nov 2012SoldReady
AED 1,925,000AED 873 per sqft
31 Jul 2012SoldReady
AED 1,475,000AED 1,262 per sqft
25 Jul 2012Sold by developerReady
AED 2,058,830AED 1,762 per sqft

Source: Dubai Land Department. Updated 1 May 2023.

Key facts

Type
2-bed apartment
Size
2,203 sqft
Floor
1st of 28
Parking
P2-3
Developer
SHETH ESTATE (INTERNATIONAL)
Completed
2008
Service charge
AED 54,500 /yr
Last sold
AED 1.93M · November 2012

About 101, Iris Blue Tower

101 is a two-bedroom apartment of 2,203 sqft on the 1st floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). It last sold on 7 November 2012 for AED 1,925,000, or AED 873 per sqft, 37% below the AED 1,395 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 1 May 2023, is AED 185,000 a year: a gross yield of 9.6% on the 2012 price, before the service charge of about AED 54,500 a year.

Sales and rents for 101 over time

Sales
Unit 101, each saleTypical two-bed in Iris Blue Tower
2M3M20112015201920232027Typical sale price by year: 2011 AED 1,850,000; 2012 AED 1,886,709; 2013 AED 1,844,400; 2014 AED 2,293,585; 2015 AED 2,034,159; 2016 AED 2,425,000; 2017 AED 2,300,000; 2018 AED 2,005,500; 2019 AED 1,725,000; 2020 AED 1,600,000; 2021 AED 1,550,000; 2022 AED 2,100,000; 2023 AED 2,050,000; 2024 AED 2,530,000; 2025 AED 2,917,500; 2026 AED 2,850,000Sold, July 2012: AED 1,475,000 (AED 1,262 per sqft)Sold by developer, July 2012: AED 2,058,830 (AED 1,762 per sqft)Sold, November 2012: AED 1,925,000 (AED 873 per sqft)

101 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 101, each contractTypical two-bed in Iris Blue Tower
100K150K2012201620202024Typical rent by year: 2012 AED 140,000; 2013 AED 150,000; 2014 AED 160,000; 2015 AED 160,000; 2016 AED 160,000; 2017 AED 155,000; 2018 AED 140,000; 2019 AED 126,506; 2020 AED 108,000; 2021 AED 105,000; 2022 AED 121,024; 2023 AED 140,000; 2024 AED 160,000; 2025 AED 156,250; 2026 AED 140,000New contract, June 2013: AED 160,000 a yearNew contract, December 2014: AED 177,000 a yearNew contract, June 2015: AED 175,000 a yearNew contract, May 2023: AED 185,000 a year

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 101 sits

All 94 2-beds →

101 last sold in November 2012 at AED 873 per sqft, 37% below what two-beds in Iris Blue Tower were fetching at the time (AED 1,395). 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. 101's AED 185,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Oct 20262,424,250
28 Sep 20262,900,000
4 Sep 20262,900,000
4 Aug 202625,867
10 2-bed sales in the last 12 months

Iris Blue Tower

Building

158 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%
Iris Blue Tower, Dubai Marina: prices, sales and rents →

Other units on the 1st floor

All 158 units in Iris Blue Tower
Value
1022-bedAED 2.9M · Sep 2023
1031-bedAED 900K · Dec 2021
1041-bedAED 2M · Jun 2025

101, Iris Blue Tower in numbers

  • Sold 3 times: first on 25 July 2012 for AED 2,058,830, last on 7 November 2012 for AED 1,925,000 (AED 873 per sqft).
  • Rented since June 2013 on 4 Ejari contracts, from AED 160,000 to AED 185,000 a year.
  • At AED 185,000 a year the gross yield on the 2012 price is 9.6%, before a service charge of about AED 54,500 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 1 May 2023.

Questions about 101, Iris Blue Tower

What did unit 101 last sell for?

AED 1,925,000 on 7 November 2012: AED 873 per sqft for 2,203 sqft. The unit has 3 registered sales; the first was AED 2,058,830 in July 2012.

What is the rent for unit 101?

AED 185,000 a year on the contract signed on 1 May 2023. The previous contract, from June 2015, was AED 175,000; the unit has been rented since June 2013.

How big is unit 101?

2,203 sqft (204.7 sqm): a two-bedroom apartment on the 1st floor of a 28-storey tower completed in 2008.

What is unit 101 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 101, Iris Blue Tower

Starts from the last sale price (AED 1.93M, 7 November 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,925,000
Deposit, UAE resident (20%)
AED 385,000
Deposit, non-resident (40%)
AED 770,000
Monthly over 25 years at 3.7%
AED 7,876

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →