406, Iris Blue Tower
Sold prices and rental history: sold once, by the developer in February 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Iris Blue Tower
What is 406 worth today?
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Source: Dubai Land Department. Updated 13 February 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 736 sqft
- Floor
- 4th of 28
- Parking
- P2-6
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 18,200 /yr
- Last sold
- AED 1M · February 2012
- Building
- Iris Blue Tower
About 406, Iris Blue Tower
406 is a one-bedroom apartment of 736 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 February 2012 for AED 1,004,663, or AED 1,364 per sqft, 13% above the AED 1,205 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 13 February 2024, is AED 40,000 a year: a gross yield of 4.0% on the 2012 price, before the service charge of about AED 18,200 a year.
Sales and rents for 406 over time
406 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Iris Blue Tower, and where 406 sits
All 48 1-beds →406 last sold in February 2012 at AED 1,364 per sqft, 13% above what one-beds in Iris Blue Tower were fetching at the time (AED 1,205). Over the last 12 months one-beds sold for AED 1,277,000 to 1,575,000, around AED 1,937 per sqft, and rent for AED 74,000 to 130,000 a year. 406's AED 40,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Aug 202619 August 2026 | 736 sqft | 1,575,000 | 2,139 | ||
| 7 Aug 20267 August 2026 | 736 sqft | 1,277,000 | 1,734 | ||
| 31 Jul 202631 July 2026 | 736 sqft | 29,492 | 40 | ||
| 14 Jan 202614 January 2026 | 736 sqft | 34,331 | 46 |
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 | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,326 sqft | AED 1.85MAED 1,848,077 · May 2014May 2014 | 170,000 /yr | |
| 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, Iris Blue Tower in numbers
- Sold once: by SHETH ESTATE (INTERNATIONAL) on 12 February 2012 for AED 1,004,663, or AED 1,364 per sqft.
- Rented since April 2014 on 6 Ejari contracts, from AED 71,000 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2012 price is 4.0%, before a service charge of about AED 18,200 a year (AED 24.76 per sqft).
- One-beds in Iris Blue Tower sold for AED 1,277,000–1,575,000 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 13 February 2024.
Questions about 406, Iris Blue Tower
What did unit 406 last sell for?
AED 1,004,663 on 12 February 2012, sold by the developer: AED 1,364 per sqft for 736 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 40,000 a year on the contract signed on 13 February 2024. The previous contract, from March 2022, was AED 60,000; the unit has been rented since April 2014.
How big is unit 406?
736 sqft (68.4 sqm): a one-bedroom apartment on the 4th floor of a 28-storey tower completed in 2008.
What is unit 406 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Iris Blue Tower sold for AED 1,277,000 to 1,575,000 in the last 12 months, around AED 1,937 per sqft.
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Mortgage on 406, Iris Blue Tower
Starts from the last sale price (AED 1M, 12 February 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,004,663
- Deposit, UAE resident (20%)
- AED 200,933
- Deposit, non-resident (40%)
- AED 401,865
- Monthly over 25 years at 3.7%
- AED 4,110
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →