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

1606, Iris Blue Tower

Sold prices and rental history: sold once, by the developer in September 2011, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1606 · DLD and Ejari recordsUpdated 28 September 2011
Last soldAED 731K28 September 2011
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1606, Iris Blue Tower

What is 1606 worth today?

Last sold for AED 730,790 in 2011

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28 Sep 2011Sold by developerReady
AED 730,790AED 992 per sqft

Source: Dubai Land Department. Updated 28 September 2011.

Key facts

Type
1-bed apartment
Size
736 sqft
Floor
16th of 28
Parking
P2-29
Developer
SHETH ESTATE (INTERNATIONAL)
Completed
2008
Service charge
AED 18,200 /yr
Last sold
AED 731K · September 2011
Building
Iris Blue Tower

About 1606, Iris Blue Tower

1606 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 28 September 2011 for AED 730,790, or AED 992 per sqft, 16% below the AED 1,174 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1606 over time

Sales
Unit 1606, 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, September 2011: AED 730,790 (AED 992 per sqft)

1606 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1606, 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 1606 sits

All 48 1-beds →

1606 last sold in September 2011 at AED 992 per sqft, 16% below what one-beds in Iris Blue Tower were fetching at the time (AED 1,174). 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
16031-bedAED 1M · Feb 2013
16042-bedAED 2.1M · May 2023
16052-bedAED 2M · Mar 2018

1606, Iris Blue Tower in numbers

  • Sold once: by SHETH ESTATE (INTERNATIONAL) on 28 September 2011 for AED 730,790, or AED 992 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 28 September 2011.

Questions about 1606, Iris Blue Tower

What did unit 1606 last sell for?

AED 730,790 on 28 September 2011, sold by the developer: AED 992 per sqft for 736 sqft. It is the only registered sale of the unit.

How big is unit 1606?

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

What is unit 1606 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 1606, Iris Blue Tower

Starts from the last sale price (AED 731K, 28 September 2011). Switch to today's estimate once you have unlocked it.
Price
AED 730,790
Deposit, UAE resident (20%)
AED 146,158
Deposit, non-resident (40%)
AED 292,316
Monthly over 25 years at 3.7%
AED 2,990

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