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2-bed · 1,371 sqftIris Blue Tower, Dubai Marina · 14th floor · completed 2008

1405, Iris Blue Tower

Sold prices and rental history: sold twice, last in November 2014, and rented once, from July 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1405 · DLD and Ejari recordsUpdated 16 November 2014
Last soldAED 2.63M16 November 2014
Current rentAED 145K /yr1 July 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1405, Iris Blue Tower

What is 1405 worth today?

Last sold for AED 2,625,000 in 2014

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16 Nov 2014SoldReady
AED 2,625,000AED 1,914 per sqft
1 Jul 2013RentedNew contract
AED 145,000/yr12 months · AED 106 per sqft
20 Jul 2011Sold by developerReady
AED 1,764,800AED 1,286 per sqft

Source: Dubai Land Department. Updated 16 November 2014.

Key facts

Type
2-bed apartment
Size
1,371 sqft
Floor
14th of 28
Parking
P1-39,40
Developer
SHETH ESTATE (INTERNATIONAL)
Completed
2008
Service charge
AED 34,000 /yr
Last sold
AED 2.63M · November 2014
Building
Iris Blue Tower

About 1405, Iris Blue Tower

1405 is a two-bedroom apartment of 1,371 sqft on the 14th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). It last sold on 16 November 2014 for AED 2,625,000, or AED 1,914 per sqft, 11% above the AED 1,729 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 July 2013. The current contract, signed on 1 July 2013, is AED 145,000 a year: a gross yield of 5.5% on the 2014 price, before the service charge of about AED 34,000 a year.

Sales and rents for 1405 over time

Sales
Unit 1405, 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, July 2011: AED 1,764,800 (AED 1,286 per sqft)Sold, November 2014: AED 2,625,000 (AED 1,914 per sqft)

1405 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1405, 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 140,000New contract, July 2013: AED 145,000 a year

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 1405 sits

All 94 2-beds →

1405 last sold in November 2014 at AED 1,914 per sqft, 11% above what two-beds in Iris Blue Tower were fetching at the time (AED 1,729). 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. 1405's AED 145,000 is in the lower half of that range.

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 14th floor

All 158 units in Iris Blue Tower
Value
14012-bedAED 1.73M · Jul 2012
14022-bedAED 1.4M · Apr 2017
14031-bedAED 1M · Feb 2019
14042-bedAED 3.2M · Oct 2025
14061-bedAED 1.3M · May 2018

1405, Iris Blue Tower in numbers

  • Sold twice: first on 20 July 2011 for AED 1,764,800, last on 16 November 2014 for AED 2,625,000 (AED 1,914 per sqft).
  • Rented since July 2013 on one Ejari contract, at AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2014 price is 5.5%, before a service charge of about AED 34,000 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 16 November 2014.

Questions about 1405, Iris Blue Tower

What did unit 1405 last sell for?

AED 2,625,000 on 16 November 2014: AED 1,914 per sqft for 1,371 sqft. The unit has 2 registered sales; the first was AED 1,764,800 in July 2011.

What is the rent for unit 1405?

AED 145,000 a year on the contract signed on 1 July 2013.

How big is unit 1405?

1,371 sqft (127.4 sqm): a two-bedroom apartment on the 14th floor of a 28-storey tower completed in 2008.

What is unit 1405 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 1405, Iris Blue Tower

Starts from the last sale price (AED 2.63M, 16 November 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,625,000
Deposit, UAE resident (20%)
AED 525,000
Deposit, non-resident (40%)
AED 1,050,000
Monthly over 25 years at 3.7%
AED 10,740

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