2701, Iris Blue Tower
Sold prices and rental history: sold 5 times, last in May 2019, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2701, Iris Blue Tower
What is 2701 worth today?
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Source: Dubai Land Department. Updated 21 February 2021.
Key facts
- Type
- 3-bed apartment
- Size
- 1,702 sqft
- Floor
- 27th of 28
- Parking
- P1-41,42,43
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 42,100 /yr
- Last sold
- AED 1.83M · May 2019
- Building
- Iris Blue Tower
About 2701, Iris Blue Tower
2701 is a three-bedroom apartment of 1,702 sqft on the 27th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). It last sold on 28 May 2019 for AED 1,825,000, or AED 1,072 per sqft, 9% below the AED 1,175 three-beds in the building were fetching at the time.
It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 21 February 2021, is AED 125,000 a year: a gross yield of 6.9% on the 2019 price, before the service charge of about AED 42,100 a year.
Sales and rents for 2701 over time
2701 has sold 5 times; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Iris Blue Tower, and where 2701 sits
All 16 3-beds →2701 last sold in May 2019 at AED 1,072 per sqft, 9% below what three-beds in Iris Blue Tower were fetching at the time (AED 1,175). Over the last 12 months three-beds sold for AED 3,320,000, around AED 1,893 per sqft, and rent for AED 170,000 to 215,000 a year. 2701's AED 125,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Mar 202616 March 2026 | 1,754 sqft | 3,320,000 | 1,893 | ||
| 16 Sep 202416 September 2024 | 1,702 sqft | 3,200,000 | 1,880 | ||
| 25 Jan 202425 January 2024 | 1,702 sqft | 2,900,000 | 1,703 | ||
| 10 Jan 202410 January 2024 | 1,702 sqft | 2,720,000 | 1,598 |
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 27th floor
All 158 units in Iris Blue Tower2701, Iris Blue Tower in numbers
- Sold 5 times: first on 20 July 2011 for AED 2,401,800, last on 28 May 2019 for AED 1,825,000 (AED 1,072 per sqft).
- Rented since October 2013 on 3 Ejari contracts, from AED 150,000 to AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2019 price is 6.9%, before a service charge of about AED 42,100 a year (AED 24.76 per sqft).
- Three-beds in Iris Blue Tower sold for AED 3,320,000–3,320,000 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 21 February 2021.
Questions about 2701, Iris Blue Tower
What did unit 2701 last sell for?
AED 1,825,000 on 28 May 2019: AED 1,072 per sqft for 1,702 sqft. The unit has 5 registered sales; the first was AED 2,401,800 in July 2011.
What is the rent for unit 2701?
AED 125,000 a year on the contract signed on 21 February 2021. The previous contract, from December 2019, was AED 150,000; the unit has been rented since October 2013.
How big is unit 2701?
1,702 sqft (158.1 sqm): a three-bedroom apartment on the 27th floor of a 28-storey tower completed in 2008.
What is unit 2701 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Iris Blue Tower sold for AED 3,320,000 to 3,320,000 in the last 12 months, around AED 1,893 per sqft.
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Mortgage on 2701, Iris Blue Tower
Starts from the last sale price (AED 1.83M, 28 May 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,825,000
- Deposit, UAE resident (20%)
- AED 365,000
- Deposit, non-resident (40%)
- AED 730,000
- Monthly over 25 years at 3.7%
- AED 7,467
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →