1402, Iris Blue Tower
Sold prices and rental history: sold once, by the developer in April 2017, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1402, Iris Blue Tower
What is 1402 worth today?
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Source: Dubai Land Department. Updated 5 May 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,326 sqft
- Floor
- 14th of 28
- Parking
- P1-35
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 32,800 /yr
- Last sold
- AED 1.4M · April 2017
- Building
- Iris Blue Tower
About 1402, Iris Blue Tower
1402 is a two-bedroom apartment of 1,326 sqft on the 14th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). The developer sold it on 17 April 2017 for AED 1,400,700, or AED 1,056 per sqft, 39% below the AED 1,735 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 5 May 2025, is AED 150,000 a year: a gross yield of 10.7% on the 2017 price, before the service charge of about AED 32,800 a year.
Sales and rents for 1402 over time
1402 has sold once; 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 1402 sits
All 86 2-beds →1402 last sold in April 2017 at AED 1,056 per sqft, 39% below 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 2,500,000, around AED 1,823 per sqft, and rent for AED 148,000 to 235,000 a year. 1402's AED 150,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Jan 20267 January 2026 | 1,371 sqft | 137,981 | 100 | ||
| 5 Jan 20265 January 2026 | 1,326 sqft | 91,762 | 69 | ||
| 17 Dec 202517 December 2025 | 1,371 sqft | 2,500,000 | 1,823 | ||
| 23 Jul 202523 July 2025 | 1,371 sqft | 2,850,000 | 2,078 |
Iris Blue Tower
Building158 apartments, 1-bed to 3-bed over 28 floors in Dubai Marina, completed in 2008 by SHETH ESTATE (INTERNATIONAL). 4 sold in the last 12 months.
- Typical price per sqft
- AED 1,823
- Typical sale
- AED 2.5M
- Typical rent
- AED 170K /yr
- Typical yield
- 6.8%
Other units on the 14th floor
All 158 units in Iris Blue Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 2-bed | 1,326 sqft | AED 1.73MAED 1,731,000 · Jul 2012July 2012 | 170,000 /yr | |
| 1403 | 1-bed | 736 sqft | AED 1MAED 1,000,000 · Feb 2019February 2019 | 135,000 /yr | |
| 1404 | 1,371 sqft | AED 3.2MAED 3,200,000 · Oct 2025October 2025 | 160,000 /yr | ||
| 1405 | 2-bed | 1,371 sqft | AED 2.63MAED 2,625,000 · Nov 2014November 2014 | 145,000 /yr | |
| 1406 | 1-bed | 736 sqft | AED 1.3MAED 1,300,000 · May 2018May 2018 | 58,000 /yr |
1402, Iris Blue Tower in numbers
- Sold once: by SHETH ESTATE (INTERNATIONAL) on 17 April 2017 for AED 1,400,700, or AED 1,056 per sqft.
- Rented since March 2014 on 8 Ejari contracts. The rent fell from AED 160,000 to AED 105,000 in 2022 and recovered to AED 150,000 by May 2025.
- At AED 150,000 a year the gross yield on the 2017 price is 10.7%, 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 2,500,000–2,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,823 per sqft.
Source: Dubai Land Department. Updated 5 May 2025.
Questions about 1402, Iris Blue Tower
What did unit 1402 last sell for?
AED 1,400,700 on 17 April 2017, sold by the developer: AED 1,056 per sqft for 1,326 sqft. It is the only registered sale of the unit.
What is the rent for unit 1402?
AED 150,000 a year on the contract signed on 5 May 2025. The previous contract, from April 2022, was AED 105,000; the unit has been rented since March 2014.
How big is unit 1402?
1,326 sqft (123.2 sqm): a two-bedroom apartment on the 14th floor of a 28-storey tower completed in 2008.
What is unit 1402 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 2,500,000 to 2,500,000 in the last 12 months, around AED 1,823 per sqft.
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Mortgage on 1402, Iris Blue Tower
Starts from the last sale price (AED 1.4M, 17 April 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,400,700
- Deposit, UAE resident (20%)
- AED 280,140
- Deposit, non-resident (40%)
- AED 560,280
- Monthly over 25 years at 3.7%
- AED 5,731
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →