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2-bed · 1,371 sqftIris Blue Tower, Dubai Marina · 9th floor · completed 2008

904, Iris Blue Tower

Sold prices and rental history: sold twice, last in November 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 904 · DLD and Ejari recordsUpdated 15 September 2023
Last soldAED 2.08M18 November 2022
Current rentAED 140K /yr15 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 904, Iris Blue Tower

What is 904 worth today?

Last sold for AED 2,079,000 in 2022

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15 Sep 2023RentedNew contract
AED 140,000/yr12 months · AED 102 per sqft
16 Jan 2023RentedNew contract
AED 150,000/yr12 months · AED 110 per sqft
18 Nov 2022SoldReady
AED 2,079,000AED 1,516 per sqft
7 Dec 2011Sold by developerReady
AED 2,002,132AED 1,459 per sqft

Source: Dubai Land Department. Updated 15 September 2023.

Key facts

Type
2-bed apartment
Size
1,371 sqft
Floor
9th of 28
Parking
P2-14
Developer
SHETH ESTATE (INTERNATIONAL)
Completed
2008
Service charge
AED 34,000 /yr
Last sold
AED 2.08M · November 2022
Building
Iris Blue Tower

About 904, Iris Blue Tower

904 is a two-bedroom apartment of 1,371 sqft on the 9th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). It last sold on 18 November 2022 for AED 2,079,000, or AED 1,516 per sqft, in line with the AED 1,546 two-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 15 September 2023, is AED 140,000 a year: a gross yield of 6.7% on the 2022 price, before the service charge of about AED 34,000 a year.

Sales and rents for 904 over time

Sales
Unit 904, 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, December 2011: AED 2,002,132 (AED 1,459 per sqft)Sold, November 2022: AED 2,079,000 (AED 1,516 per sqft)

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

Rents
Unit 904, 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 140,000New contract, January 2023: AED 150,000 a yearNew contract, September 2023: AED 140,000 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 904 sits

All 94 2-beds →

904 last sold in November 2022 at AED 1,516 per sqft, in line with what two-beds in Iris Blue Tower were fetching at the time (AED 1,546). 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. 904's AED 140,000 is in the lower 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 9th floor

All 158 units in Iris Blue Tower
Value
9012-bedAED 1.9M · Dec 2012
9022-bedAED 1.66M · May 2011
9031-bedAED 1.35M · Aug 2016
9052-bedAED 1.8M · May 2011
9061-bedAED 1M · Apr 2012

904, Iris Blue Tower in numbers

  • Sold twice: first on 7 December 2011 for AED 2,002,132, last on 18 November 2022 for AED 2,079,000 (AED 1,516 per sqft).
  • Rented since January 2023 on 2 Ejari contracts, from AED 150,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2022 price is 6.7%, before a service charge of about AED 34,000 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 September 2023.

Questions about 904, Iris Blue Tower

What did unit 904 last sell for?

AED 2,079,000 on 18 November 2022: AED 1,516 per sqft for 1,371 sqft. The unit has 2 registered sales; the first was AED 2,002,132 in December 2011.

What is the rent for unit 904?

AED 140,000 a year on the contract signed on 15 September 2023. The previous contract, from January 2023, was AED 150,000.

How big is unit 904?

1,371 sqft (127.4 sqm): a two-bedroom apartment on the 9th floor of a 28-storey tower completed in 2008.

What is unit 904 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 904, Iris Blue Tower

Starts from the last sale price (AED 2.08M, 18 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,079,000
Deposit, UAE resident (20%)
AED 415,800
Deposit, non-resident (40%)
AED 831,600
Monthly over 25 years at 3.7%
AED 8,506

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