702, Iris Blue Tower
Sold prices and rental history: sold twice, last in February 2021, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Iris Blue Tower
What is 702 worth today?
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Source: Dubai Land Department. Updated 2 May 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,326 sqft
- Floor
- 7th of 28
- Parking
- P3-42,43
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 32,800 /yr
- Last sold
- AED 1.65M · February 2021
- Building
- Iris Blue Tower
About 702, Iris Blue Tower
702 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 16 February 2021 for AED 1,650,000, or AED 1,244 per sqft, 3% above the AED 1,207 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 2 May 2023, is AED 125,348 a year: a gross yield of 7.6% on the 2021 price, before the service charge of about AED 32,800 a year.
Sales and rents for 702 over time
702 has sold twice; the dashed line is the two-bed median of each year in the building.
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 702 sits
All 94 2-beds →702 last sold in February 2021 at AED 1,244 per sqft, 3% above what two-beds in Iris Blue Tower were fetching at the time (AED 1,207). 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. 702's AED 125,348 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Oct 202626 October 2026 | 1,371 sqft | 2,424,250 | 1,767 | ||
| 28 Sep 202628 September 2026 | 1,371 sqft | 2,900,000 | 2,114 | ||
| 4 Sep 20264 September 2026 | 1,326 sqft | 2,900,000 | 2,187 | ||
| 4 Aug 20264 August 2026 | 1,326 sqft | 25,867 | 19 |
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 7th floor
All 158 units in Iris Blue Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,326 sqft | AED 2.3MAED 2,300,000 · Jun 2016June 2016 | 105,000 /yr | |
| 703 | 1-bed | 736 sqft | AED 29KAED 29,492 · Jul 2026July 2026 | 110,000 /yr | |
| 704 | 2-bed | 1,371 sqft | AED 3.15MAED 3,150,000 · Oct 2025October 2025 | 165,000 /yr | |
| 705 | 2-bed | 1,371 sqft | AED 2.3MAED 2,300,000 · Mar 2018March 2018 | 84,000 /yr | |
| 706 | 1-bed | 736 sqft | AED 1.08MAED 1,080,000 · May 2019May 2019 |
702, Iris Blue Tower in numbers
- Sold twice: first on 12 May 2014 for AED 1,630,100, last on 16 February 2021 for AED 1,650,000 (AED 1,244 per sqft).
- Rented since March 2015 on 8 Ejari contracts. The rent fell from AED 170,000 to AED 108,000 in 2020 and recovered to AED 125,348 by May 2023.
- At AED 125,348 a year the gross yield on the 2021 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 2 May 2023.
Questions about 702, Iris Blue Tower
What did unit 702 last sell for?
AED 1,650,000 on 16 February 2021: AED 1,244 per sqft for 1,326 sqft. The unit has 2 registered sales; the first was AED 1,630,100 in May 2014.
What is the rent for unit 702?
AED 125,348 a year on the contract renewed on 2 May 2023. The previous contract, from May 2022, was AED 113,400; the unit has been rented since March 2015.
How big is unit 702?
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 702 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 702, Iris Blue Tower
Starts from the last sale price (AED 1.65M, 16 February 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,650,000
- Deposit, UAE resident (20%)
- AED 330,000
- Deposit, non-resident (40%)
- AED 660,000
- Monthly over 25 years at 3.7%
- AED 6,751
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →