1506, Iris Blue Tower
Sold prices and rental history: sold once, by the developer in April 2011, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1506, Iris Blue Tower
What is 1506 worth today?
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Source: Dubai Land Department. Updated 22 October 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 736 sqft
- Floor
- 15th of 28
- Parking
- P3-25
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 18,200 /yr
- Last sold
- AED 849K · April 2011
- Building
- Iris Blue Tower
About 1506, Iris Blue Tower
1506 is a one-bedroom apartment of 736 sqft on the 15th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). The developer sold it on 13 April 2011 for AED 848,500, or AED 1,152 per sqft, 4% below the AED 1,195 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 22 October 2026, is AED 75,000 a year: a gross yield of 8.8% on the 2011 price, before the service charge of about AED 18,200 a year.
Sales and rents for 1506 over time
1506 has sold once; 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 1506 sits
All 48 1-beds →1506 last sold in April 2011 at AED 1,152 per sqft, 4% below what one-beds in Iris Blue Tower were fetching at the time (AED 1,195). 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. 1506's AED 75,000 is in the lower half 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 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 | ||
| 1505 | 2-bed | 1,371 sqft | AED 2.02MAED 2,015,000 · May 2018May 2018 | 140,000 /yr |
1506, Iris Blue Tower in numbers
- Sold once: by SHETH ESTATE (INTERNATIONAL) on 13 April 2011 for AED 848,500, or AED 1,152 per sqft.
- Rented since June 2016 on 8 Ejari contracts. The rent fell from AED 102,000 to AED 58,000 in 2022 and recovered to AED 75,000 by October 2026.
- At AED 75,000 a year the gross yield on the 2011 price is 8.8%, 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 22 October 2026.
Questions about 1506, Iris Blue Tower
What did unit 1506 last sell for?
AED 848,500 on 13 April 2011, sold by the developer: AED 1,152 per sqft for 736 sqft. It is the only registered sale of the unit.
What is the rent for unit 1506?
AED 75,000 a year on the contract signed on 22 October 2026. The previous contract, from September 2025, was AED 79,695; the unit has been rented since June 2016.
How big is unit 1506?
736 sqft (68.4 sqm): a one-bedroom apartment on the 15th floor of a 28-storey tower completed in 2008.
What is unit 1506 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 1506, Iris Blue Tower
Starts from the last sale price (AED 849K, 13 April 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 848,500
- Deposit, UAE resident (20%)
- AED 169,700
- Deposit, non-resident (40%)
- AED 339,400
- Monthly over 25 years at 3.7%
- AED 3,471
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →