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

1605, Iris Blue Tower

Sold prices and rental history: sold 3 times, last in March 2018, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1605 · DLD and Ejari recordsUpdated 1 March 2021
Last soldAED 2M8 March 2018
Current rentAED 110K /yr1 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1605, Iris Blue Tower

What is 1605 worth today?

Last sold for AED 1,996,000 in 2018

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1 Mar 2021RentedNew contract
AED 110,000/yr12 months · AED 80 per sqft
5 Mar 2020RentedNew contract
AED 120,000/yr12 months · AED 88 per sqft
1 Mar 2019RentedNew contract
AED 120,000/yr12 months · AED 88 per sqft
8 Mar 2018SoldReady
AED 1,996,000AED 1,455 per sqft
26 Mar 2013SoldReady
AED 2,300,000AED 1,677 per sqft
4 Apr 2012Sold by developerReady
AED 1,645,100AED 1,199 per sqft

Source: Dubai Land Department. Updated 1 March 2021.

Key facts

Type
2-bed apartment
Size
1,371 sqft
Floor
16th of 28
Parking
P1-52
Developer
SHETH ESTATE (INTERNATIONAL)
Completed
2008
Service charge
AED 34,000 /yr
Last sold
AED 2M · March 2018
Building
Iris Blue Tower

About 1605, Iris Blue Tower

1605 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 8 March 2018 for AED 1,996,000, or AED 1,455 per sqft, 12% below the AED 1,659 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 1 March 2021, is AED 110,000 a year: a gross yield of 5.5% on the 2018 price, before the service charge of about AED 34,000 a year.

Sales and rents for 1605 over time

Sales
Unit 1605, 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 2012: AED 1,645,100 (AED 1,199 per sqft)Sold, March 2013: AED 2,300,000 (AED 1,677 per sqft)Sold, March 2018: AED 1,996,000 (AED 1,455 per sqft)

1605 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1605, each contractTypical two-bed in Iris Blue Tower
100K125K150K2012201620202024Typical 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, March 2019: AED 120,000 a yearNew contract, March 2020: AED 120,000 a yearNew contract, March 2021: AED 110,000 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 1605 sits

All 94 2-beds →

1605 last sold in March 2018 at AED 1,455 per sqft, 12% 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. 1605's AED 110,000 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
16042-bedAED 2.1M · May 2023
16061-bedAED 731K · Sep 2011

1605, Iris Blue Tower in numbers

  • Sold 3 times: first on 4 April 2012 for AED 1,645,100, last on 8 March 2018 for AED 1,996,000 (AED 1,455 per sqft).
  • Rented since March 2019 on 3 Ejari contracts, from AED 120,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2018 price is 5.5%, 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 1 March 2021.

Questions about 1605, Iris Blue Tower

What did unit 1605 last sell for?

AED 1,996,000 on 8 March 2018: AED 1,455 per sqft for 1,371 sqft. The unit has 3 registered sales; the first was AED 1,645,100 in April 2012.

What is the rent for unit 1605?

AED 110,000 a year on the contract signed on 1 March 2021. The previous contract, from March 2020, was AED 120,000; the unit has been rented since March 2019.

How big is unit 1605?

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 1605 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 1605, 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 →