Iris Bay

Completed|202 units · 1 tower

Iris Bay is a completed development by SHETH ESTATE (INTERNATIONAL) LIMITED in Business Bay, comprising 202 registered units. 427 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,733 per sqft. At AED 1,733 per sqft, Iris Bay prices 12% below the Business Bay median of AED 1,961 per sqft on registered sales.

PIX© price · ↑1.0% YoY

2.57MAED

Typical

1,733AED

PSF

Gross yield

0.9%

PIX© rent ÷ PIX© price

Sale records

427

DLD · all time

Rent contracts

8,943

Ejari · all time

SATELLITE

LocationBusiness 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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PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Floor

Units on floor 26

…

Office on Floor 26, Iris Bay

Size
Record: Jul 2012 to Sep 2024
Owners: 6
Tenants: 2
Price change
Yield on cost

Sale price by owner

Party	Date	Held	Note
6Owner 6	5 Sep 2024	2.0 yrs	Current owner
5Owner 5	26 Aug 2024	10 d
4Owner 4	21 Mar 2023	17 mo	Sold with tenant in place
2Tenant 2	1 Jan 2023	7 mo	Ended early Owner 3
3Owner 3	21 Sep 2022	6 mo
1Tenant 1	1 Mar 2017	15 mo	Ended early Owner 2
2Owner 2	15 Jun 2015	7.3 yrs
1Owner 1	19 Jul 2012	2.9 yrs

PIX© Airbnb Calculator

Your nightly rate and occupancy, against this unit’s registered record.

Office · Floor 26 · Iris Bay

Nightly rateAED

Occupancy (237 nights)

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Iris Bay1,733AED/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	PIX© Rent /yr	Yield
PIX© Core Project-Wide 910 - 3,683 sqft	202	2.57M	1,733	↑1.0%	23K	0.9%
Office 910 - 3,683 sqft	198
Shop 1,764 - 3,620 sqft	4			-

Sales - Project-Wide427 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	Unit No.	Beds	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
7 Sep 2026	—	—	Iris Bay · Floor 27	1,465	2,373,769	1,620	-	Entry Level	Standard Sale
7 Sep 2026	—	—	Iris Bay · Floor 27	1,359	2,201,839	1,620	-	Entry Level	Standard Sale
20 Aug 2026		—	Iris Bay · Floor 12	990	1,887,271	1,907	+17.5%	Standard	Standard Sale

Rentals - Project-Wide8,943 Ejari contracts

PIX© rent analysis

PIX©Entry

PIX©Standard

PIX©Premium

Rent PSF YoY

Gross yield

All time

Rent range

Renewals

Latest contracts

Start Date	Unit No.	Beds	Position	Size	Rent / Yr	Rent PSF	vs Prior Rent	Tier	Type
1 Oct 2026	—	—	Iris Bay · Floor 21	108	42,000	390	-	Premium	CONTRACT
15 Sep 2026	—	—	Iris Bay · Floor 21	108	37,000	344	-	Premium	CONTRACT
15 Sep 2026	—	—	Iris Bay · Floor 22	108	15,000	139	-	Entry Level	CONTRACT

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 compare3 peers could not be placed

This project

Iris Bay

Compared with

The Exchange

PIX© PSF

1,840

Rank

#26 of 40

#25 of 40

Typical price

2.61M

Yield

1.0%

Units

202

209

Sales

142

Rents

7,697

2,946

Developer

SHETH ESTATE (INTERNATIONAL) LIMITED

TANMIYAT GLOBAL REAL ESTATE DEVELOPMENT L L C

Handover

Completed

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	Opal Tower MISMAK PROPERTIES - SOLE PROPRIETORSHIP L.L.C - DUBAI BRANCH · Completed	206					94	1,557
	Westburry Tower 1 TASAMEEM REAL ESTATE ( TASAMEEM ) OWNED BY UNITED INTERNATIONAL REPRESENTATION OF COMPANIES L L C - SOLE PROPRIETORSHIP L.L.C · Completed	303					94	2,412
	Sobha Sapphire SOBHA REALTY · Completed	196					80	575
	The Prism CREDO INVESTMENTS F Z E · Completed	300					109	1,334
	The Exchange TANMIYAT GLOBAL REAL ESTATE DEVELOPMENT L L C · Completed	209					50	2,946
26	Iris Bay SHETH ESTATE (INTERNATIONAL) LIMITED · Completed	202	1,840	Subject	2.61M	1.0%	142	7,697
	Business Tower DAMAC · Completed	166					66	431
	Empire Heights 1 GPD INVESTMENTS SPV ONE LIMITED · Completed	94					70	5,128
	Empire Heights GPD INVESTMENTS SPV ONE LIMITED · Completed	221					147	5,762
	Clover Bay Tower GREEN EMIRATES PROPERTIES CO.PSC · Completed	302					113	2,125
	Crystal Tower REEF REAL ESTATE INVESTMENT CO (L.L.C) · Completed	441					25	902

Community median 1,961 AED/sqft. Showing the closest-ranked peers of 40 ranked projects in the community. 13 community projects excluded for insufficient recorded sales. 57 excluded for trading only in the off-plan market. 20 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.

Crystal TowerAED 1,743/sqft
Clover Bay TowerAED 1,775/sqft
Empire HeightsAED 1,800/sqft
Oxford TowerAED 1,666/sqft
Empire Heights 1AED 1,805/sqft
Business TowerAED 1,806/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 1,733 per sqft, or about AED 2,573,948 for a typical unit, based on 427 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.

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 0.9% gross, calculated from current PIX© rent against current PIX© sale price, across 8,943 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 +1.0% over the last 12 months, to AED 1,733, across 427 registered sales.