2404, Iris Blue Tower
Sold prices and rental history: sold once, by the developer in June 2011, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2404, Iris Blue Tower
What is 2404 worth today?
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Source: Dubai Land Department. Updated 17 January 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,371 sqft
- Floor
- 24th of 28
- Parking
- P3-53
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 34,000 /yr
- Last sold
- AED 2.93M · June 2011
- Building
- Iris Blue Tower
About 2404, Iris Blue Tower
2404 is a two-bedroom apartment of 1,371 sqft on the 24th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). The developer sold it on 5 June 2011 for AED 2,930,969, or AED 2,137 per sqft, 60% above the AED 1,333 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 17 January 2025, is AED 151,630 a year: a gross yield of 5.2% on the 2011 price, before the service charge of about AED 34,000 a year.
Sales and rents for 2404 over time
2404 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 2404 sits
All 94 2-beds →2404 last sold in June 2011 at AED 2,137 per sqft, 60% above what two-beds in Iris Blue Tower were fetching at the time (AED 1,333). 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. 2404's AED 151,630 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 24th floor
All 158 units in Iris Blue Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 2-bed | 1,326 sqft | AED 1.73MAED 1,725,000 · Feb 2012February 2012 | 75,000 /yr | |
| 2402 | 2-bed | 1,326 sqft | AED 26KAED 25,867 · Aug 2026August 2026 | 145,000 /yr | |
| 2403 | 1-bed | 736 sqft | AED 1.26MAED 1,260,000 · Mar 2017March 2017 | 78,000 /yr | |
| 2405 | 2-bed | 1,371 sqft | AED 2.93MAED 2,930,969 · May 2017May 2017 | 100,000 /yr | |
| 2406 | 1-bed | 736 sqft | AED 1.58MAED 1,575,000 · Aug 2026August 2026 | 83,000 /yr |
2404, Iris Blue Tower in numbers
- Sold once: by SHETH ESTATE (INTERNATIONAL) on 5 June 2011 for AED 2,930,969, or AED 2,137 per sqft.
- Rented since April 2016 on 8 Ejari contracts. The rent fell from AED 160,000 to AED 110,000 in 2020 and recovered to AED 151,630 by January 2025.
- At AED 151,630 a year the gross yield on the 2011 price is 5.2%, 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 17 January 2025.
Questions about 2404, Iris Blue Tower
What did unit 2404 last sell for?
AED 2,930,969 on 5 June 2011, sold by the developer: AED 2,137 per sqft for 1,371 sqft. It is the only registered sale of the unit.
What is the rent for unit 2404?
AED 151,630 a year on the contract signed on 17 January 2025. The previous contract, from January 2025, was AED 151,630; the unit has been rented since April 2016.
How big is unit 2404?
1,371 sqft (127.4 sqm): a two-bedroom apartment on the 24th floor of a 28-storey tower completed in 2008.
What is unit 2404 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 2404, Iris Blue Tower
Starts from the last sale price (AED 2.93M, 5 June 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 2,930,969
- Deposit, UAE resident (20%)
- AED 586,194
- Deposit, non-resident (40%)
- AED 1,172,388
- Monthly over 25 years at 3.7%
- AED 11,992
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →