1406, Iris Blue Tower
Sold prices and rental history: sold twice, last in May 2018, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1406, Iris Blue Tower
What is 1406 worth today?
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Source: Dubai Land Department. Updated 11 October 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 736 sqft
- Floor
- 14th of 28
- Parking
- P1-50
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 18,200 /yr
- Last sold
- AED 1.3M · May 2018
- Building
- Iris Blue Tower
About 1406, Iris Blue Tower
1406 is a one-bedroom apartment of 736 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 3 May 2018 for AED 1,300,000, or AED 1,766 per sqft, 9% below the AED 1,936 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 11 October 2021, is AED 58,000 a year: a gross yield of 4.5% on the 2018 price, before the service charge of about AED 18,200 a year.
Sales and rents for 1406 over time
1406 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 1406 sits
All 48 1-beds →1406 last sold in May 2018 at AED 1,766 per sqft, 9% below what one-beds in Iris Blue Tower were fetching at the time (AED 1,936). 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. 1406's AED 58,000 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 14th floor
All 158 units in Iris Blue Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 2-bed | 1,326 sqft | AED 1.73MAED 1,731,000 · Jul 2012July 2012 | 170,000 /yr | |
| 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, Iris Blue Tower in numbers
- Sold twice: first on 12 May 2014 for AED 808,000, last on 3 May 2018 for AED 1,300,000 (AED 1,766 per sqft).
- Rented since January 2014 on 7 Ejari contracts, from AED 120,000 to AED 58,000 a year.
- At AED 58,000 a year the gross yield on the 2018 price is 4.5%, 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 11 October 2021.
Questions about 1406, Iris Blue Tower
What did unit 1406 last sell for?
AED 1,300,000 on 3 May 2018: AED 1,766 per sqft for 736 sqft. The unit has 2 registered sales; the first was AED 808,000 in May 2014.
What is the rent for unit 1406?
AED 58,000 a year on the contract signed on 11 October 2021. The previous contract, from October 2020, was AED 58,000; the unit has been rented since January 2014.
How big is unit 1406?
736 sqft (68.4 sqm): a one-bedroom apartment on the 14th floor of a 28-storey tower completed in 2008.
What is unit 1406 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 1406, Iris Blue Tower
Starts from the last sale price (AED 1.3M, 3 May 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,300,000
- Deposit, UAE resident (20%)
- AED 260,000
- Deposit, non-resident (40%)
- AED 520,000
- Monthly over 25 years at 3.7%
- AED 5,319
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →