1203, Iris Blue Tower
Sold prices and rental history: sold twice, last in April 2020, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1203, Iris Blue Tower
What is 1203 worth today?
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Source: Dubai Land Department. Updated 22 October 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 736 sqft
- Floor
- 12th of 28
- Parking
- P2-16
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 18,200 /yr
- Last sold
- AED 800K · April 2020
- Building
- Iris Blue Tower
About 1203, Iris Blue Tower
1203 is a one-bedroom apartment of 736 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 28 April 2020 for AED 800,000, or AED 1,086 per sqft.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 22 October 2021, is AED 65,000 a year: a gross yield of 8.1% on the 2020 price, before the service charge of about AED 18,200 a year.
Sales and rents for 1203 over time
1203 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Iris Blue Tower, and where 1203 sits
All 48 1-beds →Over the last 12 months one-beds sold for AED 1,277,000 to 1,575,000, around AED 1,937 per sqft, and rent for AED 74,000 to 130,000 a year. 1203's AED 65,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Aug 202619 August 2026 | 736 sqft | 1,575,000 | 2,139 | ||
| 7 Aug 20267 August 2026 | 736 sqft | 1,277,000 | 1,734 | ||
| 31 Jul 202631 July 2026 | 736 sqft | 29,492 | 40 | ||
| 14 Jan 202614 January 2026 | 736 sqft | 34,331 | 46 |
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 | |
| 1202 | 2-bed | 1,326 sqft | AED 1.78MAED 1,783,750 · Mar 2012March 2012 | 170,000 /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 |
1203, Iris Blue Tower in numbers
- Sold twice: first on 16 October 2012 for AED 988,073, last on 28 April 2020 for AED 800,000 (AED 1,086 per sqft).
- Rented since December 2018 on 4 Ejari contracts, from AED 75,000 to AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2020 price is 8.1%, before a service charge of about AED 18,200 a year (AED 24.76 per sqft).
- One-beds in Iris Blue Tower sold for AED 1,277,000–1,575,000 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 22 October 2021.
Questions about 1203, Iris Blue Tower
What did unit 1203 last sell for?
AED 800,000 on 28 April 2020: AED 1,086 per sqft for 736 sqft. The unit has 2 registered sales; the first was AED 988,073 in October 2012.
What is the rent for unit 1203?
AED 65,000 a year on the contract renewed on 22 October 2021. The previous contract, from October 2020, was AED 65,000; the unit has been rented since December 2018.
How big is unit 1203?
736 sqft (68.4 sqm): a one-bedroom apartment on the 12th floor of a 28-storey tower completed in 2008.
What is unit 1203 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Iris Blue Tower sold for AED 1,277,000 to 1,575,000 in the last 12 months, around AED 1,937 per sqft.
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Mortgage on 1203, Iris Blue Tower
Starts from the last sale price (AED 800K, 28 April 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 800,000
- Deposit, UAE resident (20%)
- AED 160,000
- Deposit, non-resident (40%)
- AED 320,000
- Monthly over 25 years at 3.7%
- AED 3,273
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →