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2-bed · 1,326 sqftIris Blue Tower, Dubai Marina · 7th floor · completed 2008

701, Iris Blue Tower

Sold prices and rental history: sold twice, last in June 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 27 July 2021
Last soldAED 2.3M30 June 2016
Current rentAED 105K /yr27 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 701, Iris Blue Tower

What is 701 worth today?

Last sold for AED 2,300,000 in 2016

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27 Jul 2021RentedRenewal
AED 105,000/yr12 months · AED 79 per sqft
27 Jul 2020RentedNew contract
AED 100,000/yr12 months · AED 76 per sqft
30 Jun 2016SoldReady
AED 2,300,000AED 1,735 per sqft
11 Nov 2013RentedNew contract
AED 155,000/yr12 months · AED 117 per sqft
21 Jul 2013Sold by developerReady
AED 1,450,700AED 1,094 per sqft

Source: Dubai Land Department. Updated 27 July 2021.

Key facts

Type
2-bed apartment
Size
1,326 sqft
Floor
7th of 28
Parking
P1-61,P3-62
Developer
SHETH ESTATE (INTERNATIONAL)
Completed
2008
Service charge
AED 32,800 /yr
Last sold
AED 2.3M · June 2016
Building
Iris Blue Tower

About 701, Iris Blue Tower

701 is a two-bedroom apartment of 1,326 sqft on the 7th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). It last sold on 30 June 2016 for AED 2,300,000, or AED 1,735 per sqft, in line with the AED 1,735 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, renewed on 27 July 2021, is AED 105,000 a year: a gross yield of 4.6% on the 2016 price, before the service charge of about AED 32,800 a year.

Sales and rents for 701 over time

Sales
Unit 701, 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, July 2013: AED 1,450,700 (AED 1,094 per sqft)Sold, June 2016: AED 2,300,000 (AED 1,735 per sqft)

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

Rents
Unit 701, 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, November 2013: AED 155,000 a yearNew contract, July 2020: AED 100,000 a yearRenewal, July 2021: AED 105,000 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 701 sits

All 94 2-beds →

701 last sold in June 2016 at AED 1,735 per sqft, in line with what two-beds in Iris Blue Tower were fetching at the time (AED 1,735). 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. 701's AED 105,000 is at the bottom 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 7th floor

All 158 units in Iris Blue Tower
Value
7022-bedAED 1.65M · Feb 2021
7031-bedAED 29K · Jul 2026
7042-bedAED 3.15M · Oct 2025
7052-bedAED 2.3M · Mar 2018
7061-bedAED 1.08M · May 2019

701, Iris Blue Tower in numbers

  • Sold twice: first on 21 July 2013 for AED 1,450,700, last on 30 June 2016 for AED 2,300,000 (AED 1,735 per sqft).
  • Rented since November 2013 on 3 Ejari contracts, from AED 155,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2016 price is 4.6%, 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 27 July 2021.

Questions about 701, Iris Blue Tower

What did unit 701 last sell for?

AED 2,300,000 on 30 June 2016: AED 1,735 per sqft for 1,326 sqft. The unit has 2 registered sales; the first was AED 1,450,700 in July 2013.

What is the rent for unit 701?

AED 105,000 a year on the contract renewed on 27 July 2021. The previous contract, from July 2020, was AED 100,000; the unit has been rented since November 2013.

How big is unit 701?

1,326 sqft (123.2 sqm): a two-bedroom apartment on the 7th floor of a 28-storey tower completed in 2008.

What is unit 701 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 701, Iris Blue Tower

Starts from the last sale price (AED 2.3M, 30 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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