1202, Iris Blue Tower
Sold prices and rental history: sold twice, last in March 2012, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1202, Iris Blue Tower
What is 1202 worth today?
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Source: Dubai Land Department. Updated 28 February 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,326 sqft
- Floor
- 12th of 28
- Parking
- P2-15
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 32,800 /yr
- Last sold
- AED 1.78M · March 2012
- Building
- Iris Blue Tower
About 1202, Iris Blue Tower
1202 is a two-bedroom apartment of 1,326 sqft on the 12th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). It last sold on 25 March 2012 for AED 1,783,750, or AED 1,345 per sqft, in line with the AED 1,356 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 11 Ejari contracts. The current contract, signed on 28 February 2026, is AED 170,000 a year: a gross yield of 9.5% on the 2012 price, before the service charge of about AED 32,800 a year.
Sales and rents for 1202 over time
1202 has sold twice; 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 1202 sits
All 94 2-beds →1202 last sold in March 2012 at AED 1,345 per sqft, in line with what two-beds in Iris Blue Tower were fetching at the time (AED 1,356). 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. 1202's AED 170,000 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 12th floor
All 158 units in Iris Blue Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 2-bed | 1,326 sqft | AED 1.76MAED 1,762,900 · Apr 2012April 2012 | 148,000 /yr | |
| 1203 | 1-bed | 736 sqft | AED 800KAED 800,000 · Apr 2020April 2020 | 65,000 /yr | |
| 1204 | 2-bed | 1,371 sqft | AED 2.46MAED 2,460,000 · Oct 2024October 2024 | ||
| 1205 | 2-bed | 1,371 sqft | AED 2.42MAED 2,424,250 · Oct 2026October 2026 | 140,000 /yr | |
| 1206 | 1-bed | 736 sqft | AED 859KAED 859,400 · Apr 2012April 2012 | 65,000 /yr |
1202, Iris Blue Tower in numbers
- Sold twice: first on 8 February 2012 for AED 1,817,132, last on 25 March 2012 for AED 1,783,750 (AED 1,345 per sqft).
- Rented since September 2015 on 11 Ejari contracts. The rent fell from AED 185,000 to AED 145,000 in 2024 and recovered to AED 170,000 by February 2026.
- At AED 170,000 a year the gross yield on the 2012 price is 9.5%, 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 28 February 2026.
Questions about 1202, Iris Blue Tower
What did unit 1202 last sell for?
AED 1,783,750 on 25 March 2012: AED 1,345 per sqft for 1,326 sqft. The unit has 2 registered sales; the first was AED 1,817,132 in February 2012.
What is the rent for unit 1202?
AED 170,000 a year on the contract signed on 28 February 2026. The previous contract, from February 2025, was AED 150,000; the unit has been rented since September 2015.
How big is unit 1202?
1,326 sqft (123.2 sqm): a two-bedroom apartment on the 12th floor of a 28-storey tower completed in 2008.
What is unit 1202 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 1202, Iris Blue Tower
Starts from the last sale price (AED 1.78M, 25 March 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,783,750
- Deposit, UAE resident (20%)
- AED 356,750
- Deposit, non-resident (40%)
- AED 713,500
- Monthly over 25 years at 3.7%
- AED 7,298
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →