1401, Iris Blue Tower
Sold prices and rental history: sold once, by the developer in July 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 1401, Iris Blue Tower
What is 1401 worth today?
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Source: Dubai Land Department. Updated 1 September 2020.
Key facts
- Type
- 2-bed apartment
- Size
- 1,326 sqft
- Floor
- 14th of 28
- Parking
- P3-11,12
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 32,800 /yr
- Last sold
- AED 1.73M · July 2012
- Building
- Iris Blue Tower
About 1401, Iris Blue Tower
1401 is a two-bedroom apartment of 1,326 sqft on the 14th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). The developer sold it on 26 July 2012 for AED 1,731,000, or AED 1,305 per sqft, 5% below the AED 1,370 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 1 September 2020, is AED 170,000 a year: a gross yield of 9.8% on the 2012 price, before the service charge of about AED 32,800 a year.
Sales and rents for 1401 over time
1401 has sold once; 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 1401 sits
All 94 2-beds →1401 last sold in July 2012 at AED 1,305 per sqft, 5% below what two-beds in Iris Blue Tower were fetching at the time (AED 1,370). 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. 1401'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 14th floor
All 158 units in Iris Blue Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1402 | 2-bed | 1,326 sqft | AED 1.4MAED 1,400,700 · Apr 2017April 2017 | 135,000 /yr | |
| 1403 | 1-bed | 736 sqft | AED 1MAED 1,000,000 · Feb 2019February 2019 | 135,000 /yr | |
| 1404 | 2-bed | 1,371 sqft | AED 3.2MAED 3,200,000 · Oct 2025October 2025 | 160,000 /yr | |
| 1405 | 2-bed | 1,371 sqft | AED 2.63MAED 2,625,000 · Nov 2014November 2014 | 145,000 /yr | |
| 1406 | 1-bed | 736 sqft | AED 1.3MAED 1,300,000 · May 2018May 2018 | 58,000 /yr |
1401, Iris Blue Tower in numbers
- Sold once: by SHETH ESTATE (INTERNATIONAL) on 26 July 2012 for AED 1,731,000, or AED 1,305 per sqft.
- Rented since October 2015 on 4 Ejari contracts, from AED 190,000 to AED 170,000 a year.
- At AED 170,000 a year the gross yield on the 2012 price is 9.8%, 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 1 September 2020.
Questions about 1401, Iris Blue Tower
What did unit 1401 last sell for?
AED 1,731,000 on 26 July 2012, sold by the developer: AED 1,305 per sqft for 1,326 sqft. It is the only registered sale of the unit.
What is the rent for unit 1401?
AED 170,000 a year on the contract signed on 1 September 2020. The previous contract, from November 2017, was AED 175,000; the unit has been rented since October 2015.
How big is unit 1401?
1,326 sqft (123.2 sqm): a two-bedroom apartment on the 14th floor of a 28-storey tower completed in 2008.
What is unit 1401 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 1401, Iris Blue Tower
Starts from the last sale price (AED 1.73M, 26 July 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,731,000
- Deposit, UAE resident (20%)
- AED 346,200
- Deposit, non-resident (40%)
- AED 692,400
- Monthly over 25 years at 3.7%
- AED 7,082
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →