401, Iris Blue Tower
Sold prices and rental history: sold once, by the developer in May 2014, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 401, Iris Blue Tower
What is 401 worth today?
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Source: Dubai Land Department. Updated 27 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,326 sqft
- Floor
- 4th of 28
- Parking
- P2-41
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 32,800 /yr
- Last sold
- AED 1.85M · May 2014
- Building
- Iris Blue Tower
About 401, Iris Blue Tower
401 is a two-bedroom apartment of 1,326 sqft on the 4th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). The developer sold it on 12 May 2014 for AED 1,848,077, or AED 1,394 per sqft, 13% above the AED 1,229 two-beds in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 27 November 2024, is AED 170,000 a year: a gross yield of 9.2% on the 2014 price, before the service charge of about AED 32,800 a year.
Sales and rents for 401 over time
401 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 401 sits
All 94 2-beds →401 last sold in May 2014 at AED 1,394 per sqft, 13% above what two-beds in Iris Blue Tower were fetching at the time (AED 1,229). 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. 401's AED 170,000 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 4th floor
All 158 units in Iris Blue Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 402 | 2-bed | 1,326 sqft | AED 2.9MAED 2,900,000 · Sep 2026September 2026 | 140,000 /yr | |
| 403 | 1-bed | 736 sqft | AED 1.34MAED 1,335,725 · Jan 2013January 2013 | 90,000 /yr | |
| 404 | 2-bed | 1,371 sqft | AED 2.33MAED 2,325,000 · Jun 2025June 2025 | 150,000 /yr | |
| 405 | 2-bed | 1,371 sqft | AED 2.2MAED 2,198,920 · Aug 2014August 2014 | ||
| 406 | 1-bed | 736 sqft | AED 1MAED 1,004,663 · Feb 2012February 2012 | 40,000 /yr |
401, Iris Blue Tower in numbers
- Sold once: by SHETH ESTATE (INTERNATIONAL) on 12 May 2014 for AED 1,848,077, or AED 1,394 per sqft.
- Rented since November 2024 on 2 Ejari contracts, at AED 170,000 a year.
- At AED 170,000 a year the gross yield on the 2014 price is 9.2%, 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 27 November 2024.
Questions about 401, Iris Blue Tower
What did unit 401 last sell for?
AED 1,848,077 on 12 May 2014, sold by the developer: AED 1,394 per sqft for 1,326 sqft. It is the only registered sale of the unit.
What is the rent for unit 401?
AED 170,000 a year on the contract signed on 27 November 2024. The previous contract, from November 2024, was AED 170,000.
How big is unit 401?
1,326 sqft (123.2 sqm): a two-bedroom apartment on the 4th floor of a 28-storey tower completed in 2008.
What is unit 401 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 401, Iris Blue Tower
Starts from the last sale price (AED 1.85M, 12 May 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,848,077
- Deposit, UAE resident (20%)
- AED 369,615
- Deposit, non-resident (40%)
- AED 739,231
- Monthly over 25 years at 3.7%
- AED 7,561
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →