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2-bed · 1,371 sqftIris Blue Tower, Dubai Marina · 4th floor · completed 2008

405, Iris Blue Tower

Sold prices and rental history: sold once, by the developer in August 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 19 August 2014
Last soldAED 2.2M19 August 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 405, Iris Blue Tower

What is 405 worth today?

Last sold for AED 2,198,920 in 2014

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19 Aug 2014Sold by developerReady
AED 2,198,920AED 1,603 per sqft

Source: Dubai Land Department. Updated 19 August 2014.

Key facts

Type
2-bed apartment
Size
1,371 sqft
Floor
4th of 28
Parking
P3-5,65
Developer
SHETH ESTATE (INTERNATIONAL)
Completed
2008
Service charge
AED 34,000 /yr
Last sold
AED 2.2M · August 2014
Building
Iris Blue Tower

About 405, Iris Blue Tower

405 is a two-bedroom apartment of 1,371 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 19 August 2014 for AED 2,198,920, or AED 1,603 per sqft, 15% above the AED 1,394 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 405 over time

Sales
Unit 405, 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, August 2014: AED 2,198,920 (AED 1,603 per sqft)

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

Rents
Unit 405, each contractTypical two-bed in Iris Blue Tower
100K125K150K2012201620202024Typical 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 140,000

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 405 sits

All 94 2-beds →

405 last sold in August 2014 at AED 1,603 per sqft, 15% above what two-beds in Iris Blue Tower were fetching at the time (AED 1,394). 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.

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 4th floor

All 158 units in Iris Blue Tower
Value
4012-bedAED 1.85M · May 2014
4022-bedAED 2.9M · Sep 2026
4031-bedAED 1.34M · Jan 2013
4042-bedAED 2.33M · Jun 2025
4061-bedAED 1M · Feb 2012

405, Iris Blue Tower in numbers

  • Sold once: by SHETH ESTATE (INTERNATIONAL) on 19 August 2014 for AED 2,198,920, or AED 1,603 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 19 August 2014.

Questions about 405, Iris Blue Tower

What did unit 405 last sell for?

AED 2,198,920 on 19 August 2014, sold by the developer: AED 1,603 per sqft for 1,371 sqft. It is the only registered sale of the unit.

How big is unit 405?

1,371 sqft (127.4 sqm): a two-bedroom apartment on the 4th floor of a 28-storey tower completed in 2008.

What is unit 405 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 405, Iris Blue Tower

Starts from the last sale price (AED 2.2M, 19 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,198,920
Deposit, UAE resident (20%)
AED 439,784
Deposit, non-resident (40%)
AED 879,568
Monthly over 25 years at 3.7%
AED 8,996

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