Home
Dubai prices
About
Research
2-bed · 1,326 sqftIris Blue Tower, Dubai Marina · 5th floor · completed 2008

501, Iris Blue Tower

Sold prices and rental history: sold twice, last in March 2017, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 15 March 2017
Last soldAED 2.38M15 March 2017
Current rentAED 180K /yr10 January 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 501

Property timeline for 501, Iris Blue Tower

What is 501 worth today?

Last sold for AED 2,375,000 in 2017

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

15 Mar 2017SoldReady
AED 2,375,000AED 1,791 per sqft
10 Jan 2016RentedRenewal
AED 180,000/yr12 months · AED 136 per sqft
10 Jan 2015RentedNew contract
AED 180,000/yr12 months · AED 136 per sqft
27 Nov 2014Sold by developerReady
AED 1,809,395AED 1,364 per sqft

Source: Dubai Land Department. Updated 15 March 2017.

Key facts

Type
2-bed apartment
Size
1,326 sqft
Floor
5th of 28
Parking
P2-61,P3-28
Developer
SHETH ESTATE (INTERNATIONAL)
Completed
2008
Service charge
AED 32,800 /yr
Last sold
AED 2.38M · March 2017
Building
Iris Blue Tower

About 501, Iris Blue Tower

501 is a two-bedroom apartment of 1,326 sqft on the 5th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). It last sold on 15 March 2017 for AED 2,375,000, or AED 1,791 per sqft, in line with the AED 1,791 two-beds in the building were fetching at the time.

It has been rented since 2015 on 2 Ejari contracts. The current contract, renewed on 10 January 2016, is AED 180,000 a year: a gross yield of 7.6% on the 2017 price, before the service charge of about AED 32,800 a year.

Sales and rents for 501 over time

Sales
Unit 501, 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, November 2014: AED 1,809,395 (AED 1,364 per sqft)Sold, March 2017: AED 2,375,000 (AED 1,791 per sqft)

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

Rents
Unit 501, each contractTypical two-bed in Iris Blue Tower
100K150K2012201620202024Typical 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 140,000New contract, January 2015: AED 180,000 a yearRenewal, January 2016: AED 180,000 a year

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 501 sits

All 94 2-beds →

501 last sold in March 2017 at AED 1,791 per sqft, in line with what two-beds in Iris Blue Tower were fetching at the time (AED 1,791). 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. 501's AED 180,000 is in the upper half of that range.

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 5th floor

All 158 units in Iris Blue Tower
Value
5022-bedAED 2.5M · Oct 2013
5031-bedAED 1.23M · Dec 2013
5042-bedAED 2.3M · Dec 2022
5052-bedAED 2.5M · Dec 2025
5061-bedAED 1.9M · Jun 2025

501, Iris Blue Tower in numbers

  • Sold twice: first on 27 November 2014 for AED 1,809,395, last on 15 March 2017 for AED 2,375,000 (AED 1,791 per sqft).
  • Rented since January 2015 on 2 Ejari contracts, at AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2017 price is 7.6%, 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 15 March 2017.

Questions about 501, Iris Blue Tower

What did unit 501 last sell for?

AED 2,375,000 on 15 March 2017: AED 1,791 per sqft for 1,326 sqft. The unit has 2 registered sales; the first was AED 1,809,395 in November 2014.

What is the rent for unit 501?

AED 180,000 a year on the contract renewed on 10 January 2016. The previous contract, from January 2015, was AED 180,000.

How big is unit 501?

1,326 sqft (123.2 sqm): a two-bedroom apartment on the 5th floor of a 28-storey tower completed in 2008.

What is unit 501 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.

Selling 501? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 501, Iris Blue Tower

Starts from the last sale price (AED 2.38M, 15 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,375,000
Deposit, UAE resident (20%)
AED 475,000
Deposit, non-resident (40%)
AED 950,000
Monthly over 25 years at 3.7%
AED 9,717

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