1505, Iris Blue Tower
Sold prices and rental history: sold twice, last in May 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1505, Iris Blue Tower
What is 1505 worth today?
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Source: Dubai Land Department. Updated 20 November 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,371 sqft
- Floor
- 15th of 28
- Parking
- P2-66,67
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 34,000 /yr
- Last sold
- AED 2.02M · May 2018
- Building
- Iris Blue Tower
About 1505, Iris Blue Tower
1505 is a two-bedroom apartment of 1,371 sqft on the 15th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). It last sold on 15 May 2018 for AED 2,015,000, or AED 1,469 per sqft, 8% below the AED 1,604 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 20 November 2025, is AED 165,000 a year: a gross yield of 8.2% on the 2018 price, before the service charge of about AED 34,000 a year.
Sales and rents for 1505 over time
1505 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 1505 sits
All 86 2-beds →1505 last sold in May 2018 at AED 1,469 per sqft, 8% below what two-beds in Iris Blue Tower were fetching at the time (AED 1,604). 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. 1505's AED 165,000 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 15th floor
All 158 units in Iris Blue Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,326 sqft | AED 2.95MAED 2,950,000 · Apr 2025April 2025 | 195,000 /yr | |
| 1502 | 1,326 sqft | AED 2.94MAED 2,935,000 · Aug 2025August 2025 | 165,000 /yr | ||
| 1503 | 1-bed | 368 sqft | AED 840KAED 840,200 · Nov 2014November 2014 | 105,000 /yr | |
| 1504 | 2-bed | 1,371 sqft | AED 2.18MAED 2,175,305 · Apr 2012April 2012 | ||
| 1506 | 1-bed | 736 sqft | AED 849KAED 848,500 · Apr 2011April 2011 | 79,695 /yr |
1505, Iris Blue Tower in numbers
- Sold twice: first on 1 April 2014 for AED 1,610,300, last on 15 May 2018 for AED 2,015,000 (AED 1,469 per sqft).
- Rented since September 2013 on 9 Ejari contracts. The rent fell from AED 175,000 to AED 100,000 in 2022 and recovered to AED 165,000 by November 2025.
- At AED 165,000 a year the gross yield on the 2018 price is 8.2%, 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 2,500,000–2,500,000 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 20 November 2025.
Questions about 1505, Iris Blue Tower
What did unit 1505 last sell for?
AED 2,015,000 on 15 May 2018: AED 1,469 per sqft for 1,371 sqft. The unit has 2 registered sales; the first was AED 1,610,300 in April 2014.
What is the rent for unit 1505?
AED 165,000 a year on the contract renewed on 20 November 2025. The previous contract, from November 2024, was AED 165,000; the unit has been rented since September 2013.
How big is unit 1505?
1,371 sqft (127.4 sqm): a two-bedroom apartment on the 15th floor of a 28-storey tower completed in 2008.
What is unit 1505 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 1505, Iris Blue Tower
Starts from the last sale price (AED 2.02M, 15 May 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 2,015,000
- Deposit, UAE resident (20%)
- AED 403,000
- Deposit, non-resident (40%)
- AED 806,000
- Monthly over 25 years at 3.7%
- AED 8,244
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →