2302, Iris Blue Tower
Sold prices and rental history: sold once, by the developer in August 2012, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2302, Iris Blue Tower
What is 2302 worth today?
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Source: Dubai Land Department. Updated 5 October 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,326 sqft
- Floor
- 23rd of 28
- Parking
- P2-56
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 32,800 /yr
- Last sold
- AED 1.92M · August 2012
- Building
- Iris Blue Tower
About 2302, Iris Blue Tower
2302 is a two-bedroom apartment of 1,326 sqft on the 23rd floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). The developer sold it on 26 August 2012 for AED 1,922,233, or AED 1,450 per sqft, 6% above the AED 1,372 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 5 October 2023, is AED 161,936 a year: a gross yield of 8.4% on the 2012 price, before the service charge of about AED 32,800 a year.
Sales and rents for 2302 over time
2302 has sold once; the dashed line is the two-bed median of each year in the building.
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 2302 sits
All 94 2-beds →2302 last sold in August 2012 at AED 1,450 per sqft, 6% above what two-beds in Iris Blue Tower were fetching at the time (AED 1,372). 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. 2302's AED 161,936 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Oct 202626 October 2026 | 1,371 sqft | 2,424,250 | 1,767 | ||
| 28 Sep 202628 September 2026 | 1,371 sqft | 2,900,000 | 2,114 | ||
| 4 Sep 20264 September 2026 | 1,326 sqft | 2,900,000 | 2,187 | ||
| 4 Aug 20264 August 2026 | 1,326 sqft | 25,867 | 19 |
Iris Blue Tower
Building158 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%
Other units on the 23rd floor
All 158 units in Iris Blue Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2301 | 2-bed | 1,326 sqft | AED 2MAED 2,000,000 · Apr 2022April 2022 | 175,000 /yr | |
| 2303 | 1-bed | 736 sqft | AED 1.65MAED 1,650,000 · Mar 2014March 2014 | 75,000 /yr | |
| 2304 | 2-bed | 1,371 sqft | AED 2.85MAED 2,850,000 · Jul 2025July 2025 | 130,607 /yr | |
| 2305 | 2-bed | 1,371 sqft | AED 2.35MAED 2,350,000 · Feb 2017February 2017 | 158,000 /yr | |
| 2306 | 1-bed | 736 sqft | AED 2MAED 2,000,000 · Mar 2025March 2025 | 90,000 /yr |
2302, Iris Blue Tower in numbers
- Sold once: by SHETH ESTATE (INTERNATIONAL) on 26 August 2012 for AED 1,922,233, or AED 1,450 per sqft.
- Rented since March 2019 on 5 Ejari contracts. The rent fell from AED 155,000 to AED 95,000 in 2020 and recovered to AED 161,936 by October 2023.
- At AED 161,936 a year the gross yield on the 2012 price is 8.4%, before a service charge of about AED 32,800 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 5 October 2023.
Questions about 2302, Iris Blue Tower
What did unit 2302 last sell for?
AED 1,922,233 on 26 August 2012, sold by the developer: AED 1,450 per sqft for 1,326 sqft. It is the only registered sale of the unit.
What is the rent for unit 2302?
AED 161,936 a year on the contract signed on 5 October 2023. The previous contract, from October 2022, was AED 160,000; the unit has been rented since March 2019.
How big is unit 2302?
1,326 sqft (123.2 sqm): a two-bedroom apartment on the 23rd floor of a 28-storey tower completed in 2008.
What is unit 2302 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 2302, Iris Blue Tower
Starts from the last sale price (AED 1.92M, 26 August 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,922,233
- Deposit, UAE resident (20%)
- AED 384,447
- Deposit, non-resident (40%)
- AED 768,893
- Monthly over 25 years at 3.7%
- AED 7,864
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →