1505, Iris Blue Tower
Sold prices and rental history: sold twice, last in May 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1505, Iris Blue Tower
What is 1505 worth today?
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Source: Dubai Land Department. Updated 12 June 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,371 sqft
- Floor
- 15th of 28
- Parking
- P2-66,67
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 34,000 /yr
- Last sold
- AED 2.02M · May 2018
- Building
- Iris Blue Tower
About 1505, Iris Blue Tower
1505 is a two-bedroom apartment of 1,371 sqft on the 15th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). It last sold on 15 May 2018 for AED 2,015,000, or AED 1,469 per sqft, 11% below the AED 1,659 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, signed on 12 June 2026, is AED 140,000 a year: a gross yield of 7.0% on the 2018 price, before the service charge of about AED 34,000 a year.
Sales and rents for 1505 over time
1505 has sold twice; 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 1505 sits
All 94 2-beds →1505 last sold in May 2018 at AED 1,469 per sqft, 11% below what two-beds in Iris Blue Tower were fetching at the time (AED 1,659). 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. 1505's AED 140,000 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 15th floor
All 158 units in Iris Blue Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,326 sqft | AED 2.95MAED 2,950,000 · Apr 2025April 2025 | 195,000 /yr | |
| 1502 | 2-bed | 1,326 sqft | AED 2.94MAED 2,935,000 · Aug 2025August 2025 | 140,000 /yr | |
| 1503 | 1-bed | 736 sqft | AED 840KAED 840,200 · Nov 2014November 2014 | 80,000 /yr | |
| 1504 | 2-bed | 1,371 sqft | AED 2.18MAED 2,175,305 · Apr 2012April 2012 | ||
| 1506 | 1-bed | 736 sqft | AED 849KAED 848,500 · Apr 2011April 2011 | 75,000 /yr |
1505, Iris Blue Tower in numbers
- Sold twice: first on 1 April 2014 for AED 1,610,300, last on 15 May 2018 for AED 2,015,000 (AED 1,469 per sqft).
- Rented since September 2013 on 12 Ejari contracts. The rent fell from AED 175,000 to AED 100,000 in 2022 and recovered to AED 140,000 by June 2026.
- At AED 140,000 a year the gross yield on the 2018 price is 7.0%, 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 12 June 2026.
Questions about 1505, Iris Blue Tower
What did unit 1505 last sell for?
AED 2,015,000 on 15 May 2018: AED 1,469 per sqft for 1,371 sqft. The unit has 2 registered sales; the first was AED 1,610,300 in April 2014.
What is the rent for unit 1505?
AED 140,000 a year on the contract signed on 12 June 2026. The previous contract, from November 2025, was AED 165,000; the unit has been rented since September 2013.
How big is unit 1505?
1,371 sqft (127.4 sqm): a two-bedroom apartment on the 15th floor of a 28-storey tower completed in 2008.
What is unit 1505 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 1505, Iris Blue Tower
Starts from the last sale price (AED 2.02M, 15 May 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 2,015,000
- Deposit, UAE resident (20%)
- AED 403,000
- Deposit, non-resident (40%)
- AED 806,000
- Monthly over 25 years at 3.7%
- AED 8,244
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →