Home
Dubai prices
About
Research
2-bed · 1,371 sqftIris Blue Tower, Dubai Marina · 16th floor · completed 2008

1604, Iris Blue Tower

Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1604 · DLD and Ejari recordsUpdated 4 May 2023
Last soldAED 2.1M4 May 2023
Current rentAED 90K /yr1 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1604

Property timeline for 1604, Iris Blue Tower

What is 1604 worth today?

Last sold for AED 2,100,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

4 May 2023SoldReady
AED 2,100,000AED 1,531 per sqft
1 Mar 2021RentedNew contract
AED 90,000/yr12 months · AED 66 per sqft
16 Nov 2018RentedNew contract
AED 120,000/yr12 months · AED 88 per sqft
1 Sep 2017RentedNew contract
AED 150,000/yr12 months · AED 110 per sqft
21 Jul 2015RentedNew contract
AED 170,000/yr12 months · AED 124 per sqft
18 Feb 2014RentedNew contract
AED 160,000/yr12 months · AED 117 per sqft
24 Apr 2011Sold by developerReady
AED 1,978,518AED 1,442 per sqft

Source: Dubai Land Department. Updated 4 May 2023.

Key facts

Type
2-bed apartment
Size
1,371 sqft
Floor
16th of 28
Parking
P2-27
Developer
SHETH ESTATE (INTERNATIONAL)
Completed
2008
Service charge
AED 34,000 /yr
Last sold
AED 2.1M · May 2023
Building
Iris Blue Tower

About 1604, Iris Blue Tower

1604 is a two-bedroom apartment of 1,371 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 4 May 2023 for AED 2,100,000, or AED 1,531 per sqft, in line with the AED 1,565 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 1 March 2021, is AED 90,000 a year: a gross yield of 4.3% on the 2023 price, before the service charge of about AED 34,000 a year.

Sales and rents for 1604 over time

Sales
Unit 1604, each saleTypical two-bed in Iris Blue Tower
2M3M20112015201920232027Typical sale price by year: 2011 AED 1,850,000; 2012 AED 1,886,709; 2013 AED 1,844,400; 2014 AED 2,293,585; 2015 AED 2,034,159; 2016 AED 2,425,000; 2017 AED 2,300,000; 2018 AED 2,005,500; 2019 AED 1,725,000; 2020 AED 1,600,000; 2021 AED 1,550,000; 2022 AED 2,100,000; 2023 AED 2,050,000; 2024 AED 2,530,000; 2025 AED 2,917,500; 2026 AED 2,850,000Sold by developer, April 2011: AED 1,978,518 (AED 1,442 per sqft)Sold, May 2023: AED 2,100,000 (AED 1,531 per sqft)

1604 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1604, each contractTypical two-bed in Iris Blue Tower
100K150K2012201620202024Typical rent by year: 2012 AED 140,000; 2013 AED 150,000; 2014 AED 160,000; 2015 AED 160,000; 2016 AED 160,000; 2017 AED 155,000; 2018 AED 140,000; 2019 AED 126,506; 2020 AED 108,000; 2021 AED 105,000; 2022 AED 121,024; 2023 AED 140,000; 2024 AED 160,000; 2025 AED 156,250; 2026 AED 140,000New contract, February 2014: AED 160,000 a yearNew contract, July 2015: AED 170,000 a yearNew contract, September 2017: AED 150,000 a yearNew contract, November 2018: AED 120,000 a yearNew contract, March 2021: AED 90,000 a year

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 1604 sits

All 94 2-beds →

1604 last sold in May 2023 at AED 1,531 per sqft, in line with what two-beds in Iris Blue Tower were fetching at the time (AED 1,565). 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. 1604's AED 90,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Oct 20262,424,250
28 Sep 20262,900,000
4 Sep 20262,900,000
4 Aug 202625,867
10 2-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
16031-bedAED 1M · Feb 2013
16052-bedAED 2M · Mar 2018
16061-bedAED 731K · Sep 2011

1604, Iris Blue Tower in numbers

  • Sold twice: first on 24 April 2011 for AED 1,978,518, last on 4 May 2023 for AED 2,100,000 (AED 1,531 per sqft).
  • Rented since February 2014 on 5 Ejari contracts, from AED 160,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2023 price is 4.3%, 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 4 May 2023.

Questions about 1604, Iris Blue Tower

What did unit 1604 last sell for?

AED 2,100,000 on 4 May 2023: AED 1,531 per sqft for 1,371 sqft. The unit has 2 registered sales; the first was AED 1,978,518 in April 2011.

What is the rent for unit 1604?

AED 90,000 a year on the contract signed on 1 March 2021. The previous contract, from November 2018, was AED 120,000; the unit has been rented since February 2014.

How big is unit 1604?

1,371 sqft (127.4 sqm): a two-bedroom apartment on the 16th floor of a 28-storey tower completed in 2008.

What is unit 1604 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.

Selling 1604? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1604, Iris Blue Tower

Starts from the last sale price (AED 2.1M, 4 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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