1506, Iris Blue Tower
Sold prices and rental history: sold once, by the developer in April 2011, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1506, Iris Blue Tower
What is 1506 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 September 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 736 sqft
- Floor
- 15th of 28
- Parking
- P3-25
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 18,200 /yr
- Last sold
- AED 849K · April 2011
- Building
- Iris Blue Tower
About 1506, Iris Blue Tower
1506 is a one-bedroom apartment of 736 sqft on the 15th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). The developer sold it on 13 April 2011 for AED 848,500, or AED 1,152 per sqft, 4% below the AED 1,195 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 1 September 2025, is AED 79,695 a year: a gross yield of 9.4% on the 2011 price, before the service charge of about AED 18,200 a year.
Sales and rents for 1506 over time
1506 has sold once; the dashed line is the one-bed median of each year in the building.
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 1506 sits
All 47 1-beds →1506 last sold in April 2011 at AED 1,152 per sqft, 4% below what one-beds in Iris Blue Tower were fetching at the time (AED 1,195). Over the last 12 months one-beds sold for AED 34,331, around AED 46 per sqft, and rent for AED 105,000 to 105,000 a year.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Jan 202614 January 2026 | 736 sqft | 34,331 | 46 | ||
| 23 Jun 202523 June 2025 | 736 sqft | 1,900,000 | 2,581 | ||
| 11 Jun 202511 June 2025 | 667 sqft | 2,000,000 | 3,000 | ||
| 17 Mar 202517 March 2025 | 736 sqft | 2,000,000 | 2,717 |
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 | ||
| 1505 | 2-bed | 1,371 sqft | AED 2.02MAED 2,015,000 · May 2018May 2018 | 165,000 /yr |
1506, Iris Blue Tower in numbers
- Sold once: by SHETH ESTATE (INTERNATIONAL) on 13 April 2011 for AED 848,500, or AED 1,152 per sqft.
- Rented since June 2016 on 6 Ejari contracts. The rent fell from AED 102,000 to AED 58,000 in 2022 and recovered to AED 79,695 by September 2025.
- At AED 79,695 a year the gross yield on the 2011 price is 9.4%, 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 34,331–34,331 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 1 September 2025.
Questions about 1506, Iris Blue Tower
What did unit 1506 last sell for?
AED 848,500 on 13 April 2011, sold by the developer: AED 1,152 per sqft for 736 sqft. It is the only registered sale of the unit.
What is the rent for unit 1506?
AED 79,695 a year on the contract renewed on 1 September 2025. The previous contract, from September 2024, was AED 72,450; the unit has been rented since June 2016.
How big is unit 1506?
736 sqft (68.4 sqm): a one-bedroom apartment on the 15th floor of a 28-storey tower completed in 2008.
What is unit 1506 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 34,331 to 34,331 in the last 12 months, around AED 46 per sqft.
Selling 1506? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1506, Iris Blue Tower
Starts from the last sale price (AED 849K, 13 April 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 848,500
- Deposit, UAE resident (20%)
- AED 169,700
- Deposit, non-resident (40%)
- AED 339,400
- Monthly over 25 years at 3.7%
- AED 3,471
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →