1602, Iris Blue Tower
Sold prices and rental history: sold 3 times, last in March 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 1602, Iris Blue Tower
What is 1602 worth today?
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Source: Dubai Land Department. Updated 21 December 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,326 sqft
- Floor
- 16th of 28
- Parking
- P2-23
- Developer
- SHETH ESTATE (INTERNATIONAL)
- Completed
- 2008
- Service charge
- AED 32,800 /yr
- Last sold
- AED 2M · March 2018
- Building
- Iris Blue Tower
About 1602, Iris Blue Tower
1602 is a two-bedroom apartment of 1,326 sqft on the 16th floor of Iris Blue Tower, a 28-storey tower in Dubai Marina completed in 2008 by SHETH ESTATE (INTERNATIONAL). It last sold on 8 March 2018 for AED 1,996,000, or AED 1,505 per sqft, 10% below the AED 1,663 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 21 December 2024, is AED 169,412 a year: a gross yield of 8.5% on the 2018 price, before the service charge of about AED 32,800 a year.
Sales and rents for 1602 over time
1602 has sold 3 times; 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 1602 sits
All 86 2-beds →1602 last sold in March 2018 at AED 1,505 per sqft, 10% below what two-beds in Iris Blue Tower were fetching at the time (AED 1,663). 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. 1602's AED 169,412 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 16th floor
All 158 units in Iris Blue Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,326 sqft | AED 1.88MAED 1,880,000 · Mar 2011March 2011 | 133,100 /yr | |
| 1603 | 1-bed | 736 sqft | AED 1MAED 1,004,663 · Feb 2013February 2013 | ||
| 1604 | 2-bed | 1,371 sqft | AED 2.1MAED 2,100,000 · May 2023May 2023 | 90,000 /yr | |
| 1605 | 2-bed | 1,371 sqft | AED 2MAED 1,996,000 · Mar 2018March 2018 | 110,000 /yr | |
| 1606 | 1-bed | 736 sqft | AED 731KAED 730,790 · Sep 2011September 2011 |
1602, Iris Blue Tower in numbers
- Sold 3 times: first on 19 February 2013 for AED 1,817,132, last on 8 March 2018 for AED 1,996,000 (AED 1,505 per sqft).
- Rented since September 2013 on 9 Ejari contracts. The rent fell from AED 150,000 to AED 100,000 in 2020 and recovered to AED 169,412 by December 2024.
- At AED 169,412 a year the gross yield on the 2018 price is 8.5%, 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 21 December 2024.
Questions about 1602, Iris Blue Tower
What did unit 1602 last sell for?
AED 1,996,000 on 8 March 2018: AED 1,505 per sqft for 1,326 sqft. The unit has 3 registered sales; the first was AED 1,817,132 in February 2013.
What is the rent for unit 1602?
AED 169,412 a year on the contract signed on 21 December 2024. The previous contract, from December 2022, was AED 160,000; the unit has been rented since September 2013.
How big is unit 1602?
1,326 sqft (123.2 sqm): a two-bedroom apartment on the 16th floor of a 28-storey tower completed in 2008.
What is unit 1602 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 1602, Iris Blue Tower
Starts from the last sale price (AED 2M, 8 March 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,996,000
- Deposit, UAE resident (20%)
- AED 399,200
- Deposit, non-resident (40%)
- AED 798,400
- Monthly over 25 years at 3.7%
- AED 8,166
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →