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1-bed · 736 sqftIris Blue Tower, Dubai Marina · 16th floor · completed 2008

1603, Iris Blue Tower

Sold prices and rental history: sold once, by the developer in February 2013, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 17 February 2013
Last soldAED 1M17 February 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1603, Iris Blue Tower

What is 1603 worth today?

Last sold for AED 1,004,663 in 2013

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17 Feb 2013Sold by developerReady
AED 1,004,663AED 1,364 per sqft

Source: Dubai Land Department. Updated 17 February 2013.

Key facts

Type
1-bed apartment
Size
736 sqft
Floor
16th of 28
Parking
P2-26
Developer
SHETH ESTATE (INTERNATIONAL)
Completed
2008
Service charge
AED 18,200 /yr
Last sold
AED 1M · February 2013
Building
Iris Blue Tower

About 1603, Iris Blue Tower

1603 is a one-bedroom apartment of 736 sqft on the 16th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). The developer sold it on 17 February 2013 for AED 1,004,663, or AED 1,364 per sqft, in line with the AED 1,342 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1603 over time

Sales
Unit 1603, each saleTypical one-bed in Iris Blue Tower
1M2M2011201520192023Typical sale price by year: 2011 AED 864,250; 2012 AED 961,000; 2013 AED 1,010,884; 2014 AED 979,063; 2016 AED 1,312,500; 2017 AED 1,375,000; 2018 AED 1,400,000; 2019 AED 1,000,000; 2021 AED 865,000; 2023 AED 1,220,000; 2024 AED 1,600,000; 2025 AED 2,000,000Sold by developer, February 2013: AED 1,004,663 (AED 1,364 per sqft)

1603 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1603, each contractTypical one-bed in Iris Blue Tower
80K100K2013201720212025Typical rent by year: 2013 AED 85,000; 2014 AED 90,000; 2015 AED 102,500; 2016 AED 102,000; 2017 AED 100,000; 2018 AED 95,163; 2019 AED 81,154; 2020 AED 68,000; 2021 AED 70,000; 2022 AED 75,000; 2023 AED 90,000; 2024 AED 95,000; 2025 AED 99,000; 2026 AED 92,000

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 1603 sits

All 48 1-beds →

1603 last sold in February 2013 at AED 1,364 per sqft, in line with what one-beds in Iris Blue Tower were fetching at the time (AED 1,342). 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.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Aug 20261,575,000
7 Aug 20261,277,000
31 Jul 202629,492
14 Jan 202634,331
4 1-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 16th floor

All 158 units in Iris Blue Tower
Value
16012-bedAED 1.88M · Mar 2011
16022-bedAED 2M · Mar 2018
16042-bedAED 2.1M · May 2023
16052-bedAED 2M · Mar 2018
16061-bedAED 731K · Sep 2011

1603, Iris Blue Tower in numbers

  • Sold once: by SHETH ESTATE (INTERNATIONAL) on 17 February 2013 for AED 1,004,663, or AED 1,364 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 17 February 2013.

Questions about 1603, Iris Blue Tower

What did unit 1603 last sell for?

AED 1,004,663 on 17 February 2013, sold by the developer: AED 1,364 per sqft for 736 sqft. It is the only registered sale of the unit.

How big is unit 1603?

736 sqft (68.4 sqm): a one-bedroom apartment on the 16th floor of a 28-storey tower completed in 2008.

What is unit 1603 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 1603, Iris Blue Tower

Starts from the last sale price (AED 1M, 17 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,004,663
Deposit, UAE resident (20%)
AED 200,933
Deposit, non-resident (40%)
AED 401,865
Monthly over 25 years at 3.7%
AED 4,110

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