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2-bed · 1,371 sqftIris Blue Tower, Dubai Marina · 12th floor · completed 2008

1204, Iris Blue Tower

Sold prices and rental history: sold 3 times, last in October 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1204 · DLD and Ejari recordsUpdated 4 October 2024
Last soldAED 2.46M4 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1204, Iris Blue Tower

What is 1204 worth today?

Last sold for AED 2,460,000 in 2024

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4 Oct 2024SoldReady
AED 2,460,000AED 1,793 per sqft
9 Sep 2015SoldReady
AED 2,200,000AED 1,604 per sqft
9 Aug 2015Sold by developerReady
AED 1,868,317AED 1,362 per sqft

Source: Dubai Land Department. Updated 4 October 2024.

Key facts

Type
2-bed apartment
Size
1,371 sqft
Floor
12th of 28
Parking
P2-17 ,P3-67
Developer
SHETH ESTATE (INTERNATIONAL)
Completed
2008
Service charge
AED 34,000 /yr
Last sold
AED 2.46M · October 2024
Building
Iris Blue Tower

About 1204, Iris Blue Tower

1204 is a two-bedroom apartment of 1,371 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 4 October 2024 for AED 2,460,000, or AED 1,793 per sqft, in line with the AED 1,774 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1204 over time

Sales
Unit 1204, 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 by developer, August 2015: AED 1,868,317 (AED 1,362 per sqft)Sold, September 2015: AED 2,200,000 (AED 1,604 per sqft)Sold, October 2024: AED 2,460,000 (AED 1,793 per sqft)

1204 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1204, each contractTypical two-bed in Iris Blue Tower
100K125K150K2012201620202024Typical 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 140,000

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 1204 sits

All 94 2-beds →

1204 last sold in October 2024 at AED 1,793 per sqft, in line with what two-beds in Iris Blue Tower were fetching at the time (AED 1,774). 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.

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 12th floor

All 158 units in Iris Blue Tower
Value
12012-bedAED 1.76M · Apr 2012
12022-bedAED 1.78M · Mar 2012
12031-bedAED 800K · Apr 2020
12052-bedAED 2.42M · Oct 2026
12061-bedAED 859K · Apr 2012

1204, Iris Blue Tower in numbers

  • Sold 3 times: first on 9 August 2015 for AED 1,868,317, last on 4 October 2024 for AED 2,460,000 (AED 1,793 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 4 October 2024.

Questions about 1204, Iris Blue Tower

What did unit 1204 last sell for?

AED 2,460,000 on 4 October 2024: AED 1,793 per sqft for 1,371 sqft. The unit has 3 registered sales; the first was AED 1,868,317 in August 2015.

How big is unit 1204?

1,371 sqft (127.4 sqm): a two-bedroom apartment on the 12th floor of a 28-storey tower completed in 2008.

What is unit 1204 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 1204, Iris Blue Tower

Starts from the last sale price (AED 2.46M, 4 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,460,000
Deposit, UAE resident (20%)
AED 492,000
Deposit, non-resident (40%)
AED 984,000
Monthly over 25 years at 3.7%
AED 10,065

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