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3-bed · 3,478 sqftIris Blue Tower, Dubai Marina · 28th floor · completed 2008

2802, Iris Blue Tower

Sold prices and rental history: sold 5 times, last in September 2021, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2802 · DLD and Ejari recordsUpdated 14 September 2021
Last soldAED 4M14 September 2021
Current rentAED 160K /yr8 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2802, Iris Blue Tower

What is 2802 worth today?

Last sold for AED 4,000,000 in 2021

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14 Sep 2021SoldReady
AED 4,000,000AED 1,150 per sqft
8 Feb 2020RentedNew contract
AED 160,000/yr12 months · AED 46 per sqft
27 Aug 2018SoldReady
AED 5,775,000AED 1,660 per sqft
1 May 2018RentedNew contract
AED 250,000/yr12 months · AED 72 per sqft
6 Dec 2017SoldReady
AED 5,000,000AED 1,437 per sqft
6 Jul 2017SoldReady
AED 5,000,000AED 1,437 per sqft
26 Mar 2012Sold by developerReady
AED 6,723,468AED 1,933 per sqft

Source: Dubai Land Department. Updated 14 September 2021.

Key facts

Type
3-bed apartment
Size
3,478 sqft
Floor
28th of 28
Parking
P2-12,P2-30
Developer
SHETH ESTATE (INTERNATIONAL)
Completed
2008
Service charge
AED 86,100 /yr
Last sold
AED 4M · September 2021
Building
Iris Blue Tower

About 2802, Iris Blue Tower

2802 is a three-bedroom apartment of 3,478 sqft on the 28th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). It last sold on 14 September 2021 for AED 4,000,000, or AED 1,150 per sqft.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 8 February 2020, is AED 160,000 a year: a gross yield of 4.0% on the 2021 price, before the service charge of about AED 86,100 a year.

Sales and rents for 2802 over time

Sales
Unit 2802, each saleTypical three-bed in Iris Blue Tower
2.5M5M7.5M2011201520192023Typical sale price by year: 2011 AED 2,398,900; 2012 AED 2,232,000; 2013 AED 2,711,795; 2014 AED 3,550,000; 2017 AED 5,000,000; 2024 AED 2,900,000Sold by developer, March 2012: AED 6,723,468 (AED 1,933 per sqft)Sold, July 2017: AED 5,000,000 (AED 1,437 per sqft)Sold, December 2017: AED 5,000,000 (AED 1,437 per sqft)Sold, August 2018: AED 5,775,000 (AED 1,660 per sqft)Sold, September 2021: AED 4,000,000 (AED 1,150 per sqft)

2802 has sold 5 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2802, each contractTypical three-bed in Iris Blue Tower
100K200K2013201720212025Typical rent by year: 2013 AED 158,750; 2015 AED 185,000; 2016 AED 190,000; 2017 AED 175,000; 2018 AED 195,000; 2019 AED 150,000; 2020 AED 130,000; 2021 AED 122,500; 2022 AED 141,000; 2023 AED 160,000; 2024 AED 210,000; 2025 AED 205,000New contract, May 2018: AED 250,000 a yearNew contract, February 2020: AED 160,000 a year

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 2802 sits

All 16 3-beds →

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. 2802's AED 160,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
16 Mar 20263,320,000
16 Sep 20243,200,000
25 Jan 20242,900,000
10 Jan 20242,720,000
1 3-bed sale 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 28th floor

All 158 units in Iris Blue Tower
Value
28013-bedAED 5.5M · Jan 2014
28033-bedAED 5.15M · Feb 2023
28043-bedAED 5.5M · Feb 2013

2802, Iris Blue Tower in numbers

  • Sold 5 times: first on 26 March 2012 for AED 6,723,468, last on 14 September 2021 for AED 4,000,000 (AED 1,150 per sqft).
  • Rented since May 2018 on 2 Ejari contracts, from AED 250,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2021 price is 4.0%, before a service charge of about AED 86,100 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 14 September 2021.

Questions about 2802, Iris Blue Tower

What did unit 2802 last sell for?

AED 4,000,000 on 14 September 2021: AED 1,150 per sqft for 3,478 sqft. The unit has 5 registered sales; the first was AED 6,723,468 in March 2012.

What is the rent for unit 2802?

AED 160,000 a year on the contract signed on 8 February 2020. The previous contract, from May 2018, was AED 250,000.

How big is unit 2802?

3,478 sqft (323.1 sqm): a three-bedroom apartment on the 28th floor of a 28-storey tower completed in 2008.

What is unit 2802 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 2802, Iris Blue Tower

Starts from the last sale price (AED 4M, 14 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →