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

502, Iris Blue Tower

Sold prices and rental history: sold twice, last in October 2013, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 30 October 2013
Last soldAED 2.5M30 October 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, Iris Blue Tower

What is 502 worth today?

Last sold for AED 2,500,000 in 2013

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30 Oct 2013SoldReady
AED 2,500,000AED 1,885 per sqft
19 Sep 2013Sold by developerReady
AED 1,829,395AED 1,380 per sqft

Source: Dubai Land Department. Updated 30 October 2013.

Key facts

Type
2-bed apartment
Size
1,326 sqft
Floor
5th of 28
Parking
P2-7,8
Developer
SHETH ESTATE (INTERNATIONAL)
Completed
2008
Service charge
AED 32,800 /yr
Last sold
AED 2.5M · October 2013
Building
Iris Blue Tower

About 502, Iris Blue Tower

502 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 30 October 2013 for AED 2,500,000, or AED 1,885 per sqft, 38% above the AED 1,368 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 502 over time

Sales
Unit 502, 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, September 2013: AED 1,829,395 (AED 1,380 per sqft)Sold, October 2013: AED 2,500,000 (AED 1,885 per sqft)

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

Rents
Unit 502, 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 502 sits

All 94 2-beds →

502 last sold in October 2013 at AED 1,885 per sqft, 38% above what two-beds in Iris Blue Tower were fetching at the time (AED 1,368). 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 5th floor

All 158 units in Iris Blue Tower
Value
5012-bedAED 2.38M · Mar 2017
5031-bedAED 1.23M · Dec 2013
5042-bedAED 2.3M · Dec 2022
5052-bedAED 2.5M · Dec 2025
5061-bedAED 1.9M · Jun 2025

502, Iris Blue Tower in numbers

  • Sold twice: first on 19 September 2013 for AED 1,829,395, last on 30 October 2013 for AED 2,500,000 (AED 1,885 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 30 October 2013.

Questions about 502, Iris Blue Tower

What did unit 502 last sell for?

AED 2,500,000 on 30 October 2013: AED 1,885 per sqft for 1,326 sqft. The unit has 2 registered sales; the first was AED 1,829,395 in September 2013.

How big is unit 502?

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 502 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 502, Iris Blue Tower

Starts from the last sale price (AED 2.5M, 30 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

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