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2-bed · 1,371 sqftIris Blue Tower, Dubai Marina · 24th floor · completed 2008

2405, Iris Blue Tower

Sold prices and rental history: sold once, by the developer in May 2017, and rented once, from August 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2405 · DLD and Ejari recordsUpdated 1 August 2023
Last soldAED 2.93M2 May 2017
Current rentAED 100K /yr1 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2405, Iris Blue Tower

What is 2405 worth today?

Last sold for AED 2,930,969 in 2017

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1 Aug 2023RentedNew contract
AED 100,000/yr12 months · AED 73 per sqft
2 May 2017Sold by developerReady
AED 2,930,969AED 2,137 per sqft

Source: Dubai Land Department. Updated 1 August 2023.

Key facts

Type
2-bed apartment
Size
1,371 sqft
Floor
24th of 28
Parking
P3-9,10
Developer
SHETH ESTATE (INTERNATIONAL)
Completed
2008
Service charge
AED 34,000 /yr
Last sold
AED 2.93M · May 2017
Building
Iris Blue Tower

About 2405, Iris Blue Tower

2405 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 2 May 2017 for AED 2,930,969, or AED 2,137 per sqft, 23% above the AED 1,735 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 August 2023. The current contract, signed on 1 August 2023, is AED 100,000 a year: a gross yield of 3.4% on the 2017 price, before the service charge of about AED 34,000 a year.

Sales and rents for 2405 over time

Sales
Unit 2405, 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, May 2017: AED 2,930,969 (AED 2,137 per sqft)

2405 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2405, 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, August 2023: AED 100,000 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 2405 sits

All 94 2-beds →

2405 last sold in May 2017 at AED 2,137 per sqft, 23% above what two-beds in Iris Blue Tower were fetching at the time (AED 1,735). 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. 2405's AED 100,000 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 24th floor

All 158 units in Iris Blue Tower
Value
24012-bedAED 1.73M · Feb 2012
24022-bedAED 26K · Aug 2026
24031-bedAED 1.26M · Mar 2017
24042-bedAED 2.93M · Jun 2011
24061-bedAED 1.58M · Aug 2026

2405, Iris Blue Tower in numbers

  • Sold once: by SHETH ESTATE (INTERNATIONAL) on 2 May 2017 for AED 2,930,969, or AED 2,137 per sqft.
  • Rented since August 2023 on one Ejari contract, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2017 price is 3.4%, 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 August 2023.

Questions about 2405, Iris Blue Tower

What did unit 2405 last sell for?

AED 2,930,969 on 2 May 2017, 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 2405?

AED 100,000 a year on the contract signed on 1 August 2023.

How big is unit 2405?

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 2405 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 2405, Iris Blue Tower

Starts from the last sale price (AED 2.93M, 2 May 2017). 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 →