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2-bed · 1,371 sqftIris Blue Tower, Dubai Marina · 17th floor · completed 2008

1704, Iris Blue Tower

Sold prices and rental history: sold 3 times, last in November 2017, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1704 · DLD and Ejari recordsUpdated 1 April 2020
Last soldAED 2.1M22 November 2017
Current rentAED 96K /yr1 April 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1704, Iris Blue Tower

What is 1704 worth today?

Last sold for AED 2,100,000 in 2017

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1 Apr 2020RentedNew contract
AED 96,000/yr12 months · AED 70 per sqft
12 Oct 2018RentedNew contract
AED 108,000/yr12 months · AED 79 per sqft
22 Nov 2017SoldReady
AED 2,100,000AED 1,531 per sqft
9 Apr 2014SoldReady
AED 2,320,000AED 1,691 per sqft
20 Oct 2011Sold by developerReady
AED 1,907,674AED 1,391 per sqft

Source: Dubai Land Department. Updated 1 April 2020.

Key facts

Type
2-bed apartment
Size
1,371 sqft
Floor
17th of 28
Parking
P2-40
Developer
SHETH ESTATE (INTERNATIONAL)
Completed
2008
Service charge
AED 34,000 /yr
Last sold
AED 2.1M · November 2017
Building
Iris Blue Tower

About 1704, Iris Blue Tower

1704 is a two-bedroom apartment of 1,371 sqft on the 17th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). It last sold on 22 November 2017 for AED 2,100,000, or AED 1,531 per sqft, 11% below the AED 1,713 two-beds in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 1 April 2020, is AED 96,000 a year: a gross yield of 4.6% on the 2017 price, before the service charge of about AED 34,000 a year.

Sales and rents for 1704 over time

Sales
Unit 1704, 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, October 2011: AED 1,907,674 (AED 1,391 per sqft)Sold, April 2014: AED 2,320,000 (AED 1,691 per sqft)Sold, November 2017: AED 2,100,000 (AED 1,531 per sqft)

1704 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1704, 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, October 2018: AED 108,000 a yearNew contract, April 2020: AED 96,000 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 1704 sits

All 94 2-beds →

1704 last sold in November 2017 at AED 1,531 per sqft, 11% below what two-beds in Iris Blue Tower were fetching at the time (AED 1,713). 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. 1704's AED 96,000 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 17th floor

All 158 units in Iris Blue Tower
Value
17012-bedAED 2.6M · May 2024
17022-bedAED 2M · Oct 2012
17031-bedAED 1.25M · May 2013
17052-bedAED 2.37M · Jun 2014
17061-bedAED 1.6M · Apr 2017

1704, Iris Blue Tower in numbers

  • Sold 3 times: first on 20 October 2011 for AED 1,907,674, last on 22 November 2017 for AED 2,100,000 (AED 1,531 per sqft).
  • Rented since October 2018 on 2 Ejari contracts, from AED 108,000 to AED 96,000 a year.
  • At AED 96,000 a year the gross yield on the 2017 price is 4.6%, 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 April 2020.

Questions about 1704, Iris Blue Tower

What did unit 1704 last sell for?

AED 2,100,000 on 22 November 2017: AED 1,531 per sqft for 1,371 sqft. The unit has 3 registered sales; the first was AED 1,907,674 in October 2011.

What is the rent for unit 1704?

AED 96,000 a year on the contract signed on 1 April 2020. The previous contract, from October 2018, was AED 108,000.

How big is unit 1704?

1,371 sqft (127.4 sqm): a two-bedroom apartment on the 17th floor of a 28-storey tower completed in 2008.

What is unit 1704 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 1704, Iris Blue Tower

Starts from the last sale price (AED 2.1M, 22 November 2017). 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 →