1602, Iris Blue Tower
Sold prices and rental history: sold 3 times, last in March 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 1602, Iris Blue Tower
What is 1602 worth today?
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Source: Dubai Land Department. Updated 29 October 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,326 sqft
- Floor
- 16th of 28
- Parking
- P2-23
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 32,800 /yr
- Last sold
- AED 2M · March 2018
- Building
- Iris Blue Tower
About 1602, Iris Blue Tower
1602 is a two-bedroom apartment of 1,326 sqft on the 16th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). It last sold on 8 March 2018 for AED 1,996,000, or AED 1,505 per sqft, 9% 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 29 October 2026, is AED 160,000 a year: a gross yield of 8.0% on the 2018 price, before the service charge of about AED 32,800 a year.
Sales and rents for 1602 over time
1602 has sold 3 times; 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 1602 sits
All 94 2-beds →1602 last sold in March 2018 at AED 1,505 per sqft, 9% 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. 1602's AED 160,000 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 16th floor
All 158 units in Iris Blue Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,326 sqft | AED 1.88MAED 1,880,000 · Mar 2011March 2011 | 133,100 /yr | |
| 1603 | 1-bed | 736 sqft | AED 1MAED 1,004,663 · Feb 2013February 2013 | ||
| 1604 | 2-bed | 1,371 sqft | AED 2.1MAED 2,100,000 · May 2023May 2023 | 90,000 /yr | |
| 1605 | 2-bed | 1,371 sqft | AED 2MAED 1,996,000 · Mar 2018March 2018 | 110,000 /yr | |
| 1606 | 1-bed | 736 sqft | AED 731KAED 730,790 · Sep 2011September 2011 |
1602, Iris Blue Tower in numbers
- Sold 3 times: first on 19 February 2013 for AED 1,817,132, last on 8 March 2018 for AED 1,996,000 (AED 1,505 per sqft).
- Rented since September 2013 on 12 Ejari contracts. The rent fell from AED 150,000 to AED 100,000 in 2020 and recovered to AED 160,000 by October 2026.
- At AED 160,000 a year the gross yield on the 2018 price is 8.0%, 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 29 October 2026.
Questions about 1602, Iris Blue Tower
What did unit 1602 last sell for?
AED 1,996,000 on 8 March 2018: AED 1,505 per sqft for 1,326 sqft. The unit has 3 registered sales; the first was AED 1,817,132 in February 2013.
What is the rent for unit 1602?
AED 160,000 a year on the contract signed on 29 October 2026. The previous contract, from December 2024, was AED 169,412; the unit has been rented since September 2013.
How big is unit 1602?
1,326 sqft (123.2 sqm): a two-bedroom apartment on the 16th floor of a 28-storey tower completed in 2008.
What is unit 1602 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 1602, Iris Blue Tower
Starts from the last sale price (AED 2M, 8 March 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,996,000
- Deposit, UAE resident (20%)
- AED 399,200
- Deposit, non-resident (40%)
- AED 798,400
- Monthly over 25 years at 3.7%
- AED 8,166
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →