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1-bed · 736 sqftIris Blue Tower, Dubai Marina · 8th floor · completed 2008

806, Iris Blue Tower

Sold prices and rental history: sold once, by the developer in April 2017, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 806 · DLD and Ejari recordsUpdated 26 July 2019
Last soldAED 751K24 April 2017
Current rentAED 80K /yr26 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 806, Iris Blue Tower

What is 806 worth today?

Last sold for AED 750,700 in 2017

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26 Jul 2019RentedRenewal
AED 80,308/yr13 months · AED 110 per sqft
26 Jul 2018RentedRenewal
AED 91,000/yr12 months · AED 124 per sqft
26 Jul 2017RentedNew contract
AED 93,000/yr12 months · AED 127 per sqft
24 Apr 2017Sold by developerReady
AED 750,700AED 1,019 per sqft

Source: Dubai Land Department. Updated 26 July 2019.

Key facts

Type
1-bed apartment
Size
736 sqft
Floor
8th of 28
Parking
P1-16
Developer
SHETH ESTATE (INTERNATIONAL)
Completed
2008
Service charge
AED 18,200 /yr
Last sold
AED 751K · April 2017
Building
Iris Blue Tower

About 806, Iris Blue Tower

806 is a one-bedroom apartment of 736 sqft on the 8th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). The developer sold it on 24 April 2017 for AED 750,700, or AED 1,019 per sqft, 41% below the AED 1,739 one-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 26 July 2019, is AED 80,308 a year: a gross yield of 10.7% on the 2017 price, before the service charge of about AED 18,200 a year.

Sales and rents for 806 over time

Sales
Unit 806, each saleTypical one-bed in Iris Blue Tower
1M2M2011201520192023Typical sale price by year: 2011 AED 864,250; 2012 AED 961,000; 2013 AED 1,010,884; 2014 AED 979,063; 2016 AED 1,312,500; 2017 AED 1,375,000; 2018 AED 1,400,000; 2019 AED 1,000,000; 2021 AED 865,000; 2023 AED 1,220,000; 2024 AED 1,600,000; 2025 AED 2,000,000Sold by developer, April 2017: AED 750,700 (AED 1,019 per sqft)

806 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 806, each contractTypical one-bed in Iris Blue Tower
80K100K2013201720212025Typical rent by year: 2013 AED 85,000; 2014 AED 90,000; 2015 AED 102,500; 2016 AED 102,000; 2017 AED 100,000; 2018 AED 95,163; 2019 AED 81,154; 2020 AED 68,000; 2021 AED 70,000; 2022 AED 75,000; 2023 AED 90,000; 2024 AED 95,000; 2025 AED 99,000; 2026 AED 92,000New contract, July 2017: AED 93,000 a yearRenewal, July 2018: AED 91,000 a yearRenewal, July 2019: AED 80,308 a year

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 806 sits

All 48 1-beds →

806 last sold in April 2017 at AED 1,019 per sqft, 41% below what one-beds in Iris Blue Tower were fetching at the time (AED 1,739). 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. 806's AED 80,308 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Aug 20261,575,000
7 Aug 20261,277,000
31 Jul 202629,492
14 Jan 202634,331
4 1-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 8th floor

All 158 units in Iris Blue Tower
Value
8012-bedAED 1.85M · Feb 2012
8022-bedAED 1.73M · Mar 2012
8031-bedAED 1.3M · Oct 2017
8042-bedAED 3M · May 2015
8052-bedAED 1.82M · Sep 2011

806, Iris Blue Tower in numbers

  • Sold once: by SHETH ESTATE (INTERNATIONAL) on 24 April 2017 for AED 750,700, or AED 1,019 per sqft.
  • Rented since July 2017 on 3 Ejari contracts, from AED 93,000 to AED 80,308 a year.
  • At AED 80,308 a year the gross yield on the 2017 price is 10.7%, 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 26 July 2019.

Questions about 806, Iris Blue Tower

What did unit 806 last sell for?

AED 750,700 on 24 April 2017, sold by the developer: AED 1,019 per sqft for 736 sqft. It is the only registered sale of the unit.

What is the rent for unit 806?

AED 80,308 a year on the contract renewed on 26 July 2019. The previous contract, from July 2018, was AED 91,000; the unit has been rented since July 2017.

How big is unit 806?

736 sqft (68.4 sqm): a one-bedroom apartment on the 8th floor of a 28-storey tower completed in 2008.

What is unit 806 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 806, Iris Blue Tower

Starts from the last sale price (AED 751K, 24 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 750,700
Deposit, UAE resident (20%)
AED 150,140
Deposit, non-resident (40%)
AED 300,280
Monthly over 25 years at 3.7%
AED 3,071

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