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1-bed · 736 sqftIris Blue Tower, Dubai Marina · 12th floor · completed 2008

1206, Iris Blue Tower

Sold prices and rental history: sold once, by the developer in April 2012, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1206 · DLD and Ejari recordsUpdated 10 July 2021
Last soldAED 859K9 April 2012
Current rentAED 65K /yr10 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1206, Iris Blue Tower

What is 1206 worth today?

Last sold for AED 859,400 in 2012

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10 Jul 2021RentedNew contract
AED 65,000/yr12 months · AED 89 per sqft
30 Sep 2019RentedNew contract
AED 75,000/yr12 months · AED 102 per sqft
1 Jul 2016RentedNew contract
AED 100,000/yr12 months · AED 137 per sqft
9 Apr 2012Sold by developerReady
AED 859,400AED 1,167 per sqft

Source: Dubai Land Department. Updated 10 July 2021.

Key facts

Type
1-bed apartment
Size
736 sqft
Floor
12th of 28
Parking
P1-29
Developer
SHETH ESTATE (INTERNATIONAL)
Completed
2008
Service charge
AED 18,200 /yr
Last sold
AED 859K · April 2012
Building
Iris Blue Tower

About 1206, Iris Blue Tower

1206 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). The developer sold it on 9 April 2012 for AED 859,400, or AED 1,167 per sqft, 4% below the AED 1,219 one-beds in the building were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, signed on 10 July 2021, is AED 65,000 a year: a gross yield of 7.6% on the 2012 price, before the service charge of about AED 18,200 a year.

Sales and rents for 1206 over time

Sales
Unit 1206, each saleTypical one-bed in Iris Blue Tower
1M2M2011201520192023Typical sale price by year: 2011 AED 864,250; 2012 AED 961,000; 2013 AED 1,010,884; 2014 AED 979,063; 2016 AED 1,312,500; 2017 AED 1,375,000; 2018 AED 1,400,000; 2019 AED 1,000,000; 2021 AED 865,000; 2023 AED 1,220,000; 2024 AED 1,600,000; 2025 AED 2,000,000Sold by developer, April 2012: AED 859,400 (AED 1,167 per sqft)

1206 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1206, each contractTypical one-bed in Iris Blue Tower
60K80K100K2013201720212025Typical rent by year: 2013 AED 85,000; 2014 AED 90,000; 2015 AED 102,500; 2016 AED 102,000; 2017 AED 100,000; 2018 AED 95,163; 2019 AED 81,154; 2020 AED 68,000; 2021 AED 70,000; 2022 AED 75,000; 2023 AED 90,000; 2024 AED 95,000; 2025 AED 99,000; 2026 AED 92,000New contract, July 2016: AED 100,000 a yearNew contract, September 2019: AED 75,000 a yearNew contract, July 2021: AED 65,000 a year

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 1206 sits

All 48 1-beds →

1206 last sold in April 2012 at AED 1,167 per sqft, 4% below what one-beds in Iris Blue Tower were fetching at the time (AED 1,219). 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. 1206's AED 65,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Aug 20261,575,000
7 Aug 20261,277,000
31 Jul 202629,492
14 Jan 202634,331
4 1-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
12042-bedAED 2.46M · Oct 2024
12052-bedAED 2.42M · Oct 2026

1206, Iris Blue Tower in numbers

  • Sold once: by SHETH ESTATE (INTERNATIONAL) on 9 April 2012 for AED 859,400, or AED 1,167 per sqft.
  • Rented since July 2016 on 3 Ejari contracts, from AED 100,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2012 price is 7.6%, 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 10 July 2021.

Questions about 1206, Iris Blue Tower

What did unit 1206 last sell for?

AED 859,400 on 9 April 2012, sold by the developer: AED 1,167 per sqft for 736 sqft. It is the only registered sale of the unit.

What is the rent for unit 1206?

AED 65,000 a year on the contract signed on 10 July 2021. The previous contract, from September 2019, was AED 75,000; the unit has been rented since July 2016.

How big is unit 1206?

736 sqft (68.4 sqm): a one-bedroom apartment on the 12th floor of a 28-storey tower completed in 2008.

What is unit 1206 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 1206, Iris Blue Tower

Starts from the last sale price (AED 859K, 9 April 2012). Switch to today's estimate once you have unlocked it.
Price
AED 859,400
Deposit, UAE resident (20%)
AED 171,880
Deposit, non-resident (40%)
AED 343,760
Monthly over 25 years at 3.7%
AED 3,516

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