Iris Bay

Completed · Q1 2015|202 units · 1 podium

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Iris Bay is a completed apartment development by SHETH ESTATE (INTERNATIONAL) LIMITED in Business Bay, comprising 202 registered units. 429 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,816 per sqft. At AED 1,816 per sqft, Iris Bay prices 25% below the Business Bay average of AED 2,432 per sqft on registered sales.

PIX© price · ↑12.6% YoY

2.72MAED

Typical

1,816AED

PSF

Gross yield

1.0%

PIX© rent ÷ PIX© price

Sale records

429

DLD · all time

Rent contracts

9,407

Ejari · all time

SATELLITE

LocationBusiness Bay in Business Bay

Drive times · typical

Downtown Dubai10 min · 3.2 km

DXB Airport14 min · 14.5 km

DIFC10 min · 5.0 km

Dubai Marina23 min · 21.4 km

Palm Jumeirah23 min · 22.8 km

Nearest · straight-line

Metro stationBusiness Bay0.6 km

MallBrand Range Trading L.L.C

SchoolINSPIRE Services

Hospitalعيادة طيران الامارات0.2 km

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Iris Bay1,816AED/sqft · project-wide

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

Type	Units	PIX© Price	PIX© PSF	PSF YoY	Trend	PIX© Rent /yr	Yield
PIX© Core Project-Wide 910 – 3,683 sqft	202	2.72M	1,816	↑12.6%		28K	1.0%
Office 910 – 3,683 sqft	198
Other Commercial —	—	—	—	—	—	—	—
Shop 1,764 – 3,620 sqft	4			—

Sales — Project-Wide429 DLD records

PIX© price analysis

PIX©Entry

PIX©Standard

PIX©Premium

PSF YoY

3-month change

All time

Price range

PSF range

Avg size

Cash : mortgage

Off-plan : ready

Latest transactions

Date	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
4 Aug 2026	Floor 11	1,288	2,330,000	1,809	+102.1%	Standard	Standard Sale
16 Jul 2026	Floor 15	1,987	3,377,900	1,700	+46.2%	Standard	Standard Sale
10 Jul 2026	Floor 22	1,557	4,120,000	2,647	+36.7%	Premium	Standard Sale

Rentals — Project-Wide9,407 Ejari contracts

PIX© rent analysis

PIX©Entry

PIX©Standard

PIX©Premium

Rent PSF YoY

Gross yield

All time

Rent range

Renewals

Corporate

Floor Analysis

last 24 months

Floors	Median Rent / Yr
All floors	297 rentals
Floors 4-13	96 rentals
Floors 14-20	84 rentals
Floors 21-32	117 rentals

Median Rent / Yr · 297 rentals

Floors 4-13 · 96 rentals

Floors 14-20 · 84 rentals

Floors 21-32 · 117 rentals

Latest contracts

Start Date	Position	Size	Rent / Yr	Rent PSF	vs Prior Rent	Tier	Type
19 Aug 2026	—	—	20,000	—	—	Premium	renewal
15 Aug 2026	—	—	49,000	—	—	Premium	new
13 Aug 2026	Floor 9	1,314	15,000	11	-11.8%	Entry Level	new

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Map of comparable projects in this community

This projectPeers by PIX© PSF rankSelected comparisonSelect a marker to compare2 peers could not be placed

This project

Iris Bay

Compared with

The Exchange

PIX© PSF

1,818

Rank

#24 of 35

#23 of 35

Typical price

2.50M

Yield

1.5%

Units

202

188

Sales

140

Rents

7,341

2,802

Developer

SHETH ESTATE (INTERNATIONAL) LIMITED

TANMIYAT GLOBAL REAL ESTATE DEVELOPMENT L L C

Handover

2015

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	Westburry Tower TASAMEEM REAL ESTATE ( TASAMEEM ) OWNED BY UNITED INTERNATIONAL REPRESENTATION OF COMPANIES L L C - SOLE PROPRIETORSHIP L.L.C · 2014	280					95	1,873
	Empire Heights GPD INVESTMENTS SPV ONE LIMITED · 2011	221					141	3,688
	The Prism CREDO INVESTMENTS F Z E · 2010	300					109	905
	Opal Tower MISMAK PROPERTIES - SOLE PROPRIETORSHIP L.L.C - DUBAI BRANCH · 2012	206					92	1,148
	The Exchange TANMIYAT GLOBAL REAL ESTATE DEVELOPMENT L L C · 2015	188					50	2,802
24	Iris Bay SHETH ESTATE (INTERNATIONAL) LIMITED · 2015	202	1,818	Subject	2.50M	1.5%	140	7,341
	Business Tower DAMAC PROPERTIES CO (L.L.C) · 2011	166					67	277
	Bayswater OMNIYAT PROPERTIES DEVELOPMENT CORPORATION · 2010	298					123	522
	Clover Bay GREEN EMIRATES PROPERTIES CO.PSC · 2011	302					116	1,571
	Crystal Tower REEF REAL ESTATE INVESTMENT CO (L.L.C) · 2010	441					25	441
	Sobha Ivory - 2 SOBHA PROPERTIES LIMITED · 2010	92					21	150

Community median 1,893 AED/sqft. Showing the closest-ranked peers of 35 ranked projects in the community. 12 community projects excluded for insufficient recorded sales. 46 excluded for trading only in the off-plan market. 25 excluded for insufficient unit-mix overlap. Peer set trimmed to the most similar projects by unit size, vintage and status. PIX© PSF is like-for-like on this project's unit mix · ready and off-plan registrations priced separately · yields from new Ejari contracts · cash sales, last 48 months.

Comparable projects in Business Bay

The closest-priced registered projects in Business Bay.

Bay's EdgeAED 1,806/sqft
The PrismAED 1,832/sqft
RegaliaAED 1,833/sqft
BayswaterAED 1,791/sqft
West Wharef TowerAED 1,781/sqft
CenturyAED 1,854/sqft

Common questions about Iris Bay

Answered from Dubai Land Department registered transactions.

How much does a property in Iris Bay cost?

Property in Iris Bay sells at a current PIX© price of AED 1,816 per sqft, or about AED 2,717,910 for a typical unit, based on 429 sales registered with the Dubai Land Department.

Is Iris Bay completed?

Yes. Iris Bay is recorded as completed in the Dubai Land Department project register (completed q1 2015).

Who is the developer of Iris Bay?

Iris Bay is developed by SHETH ESTATE (INTERNATIONAL) LIMITED, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Iris Bay?

Iris Bay yields 1.0% gross, calculated from current PIX© rent against current PIX© sale price, across 9,407 registered Ejari contracts.

How many units are in Iris Bay?

Iris Bay holds 202 registered units, per the Dubai Land Department unit register.

Have prices in Iris Bay gone up or down?

Price per sqft has risen +12.6% over the last 12 months, to AED 1,816, across 429 registered sales.