Iris Blue Tower
About the project
Iris Blue Tower is a residential complex in one of the most prestigious areas of the Dubai Marina. The 36-storey building is located on the coast and is surrounded by many popular attractions and leisure facilities with the most famous being Jumeirah Beach and the yacht marina. Residents can take advantage of nearby water parks, shopping centres, and restaurants.
Launched in 2010, the complex offers panoramic views of the surrounding area and the Arabian Gulf. Developed by Sheth Estate, the modern apartments offer a wide range of carefully thought-out floor plans and a high level of security.
Iris Blue Tower offers apartments with one to four bedrooms with a concentration of units on the upper floors. The building also features first-floor restaurants, four levels of parking, and a fifth-floor podium with a swimming pool, spa, dining space, and barbecue area.
Every aspect of the complex is focused on the comfort and safety of its residents. Amenities include:
- Panoramic windows with double glazing
- Modern appliances
- High-speed elevators
- Free Wi-Fi
- Central air conditioning
- Water and electricity metres in each apartment
- Concierge services
- Twenty-four-hour security and video surveillance
- On-site stores, cafés, and restaurants
- Fitness centre with jacuzzi and sauna
Apartments with one bedroom start at AED 1,100,000 (approx USD 300,000). Apartments with two bedrooms start at AED 1,900,000 (USD 517,000), And, apartments with three bedrooms start at AED 3,000,000 (USD 817,000).
*The price is valid for 2021
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Location
The developers selected the building’s location for its excellent transportation infrastructure, which gives residents easy access to other parts of Dubai. There are bus stops and metro stations within walking distance, and nearby highways make it easy to get around by car.
Iris Blue Tower is on the seafront within walking distance of the Grosvenor House Hotel, Marina Beach, and Marina Walk. Residents can enjoy nearby shopping and entertainment areas, as well as bars, restaurants, and nightclubs.
By public transport, residents can reach supermarkets, cinemas, bowling alleys, yacht clubs, the Ain Dubai Ferris wheel, and shopping malls, such as Dubai Marina Mall and IBN Batutta, as well as other world-class leisure facilities.
The neighbourhood also features a variety of kindergartens, schools, and medical centres.
Payback
The average return on apartments in the Dubai Marina area is 6 to 6.7%. The most popular units are apartments with one and two bedrooms. The demand for real estate in Iris Blue Tower is consistently high, which makes the complex attractive to investors. Key factors for its demand include:
- High levels of comfort and safety for residents
- Developed infrastructure of the area
- Beautiful views
- Affordable housing costs
The Dubai Marina area is constantly developing and is becoming more popular each year, which means that real estate investments are projected to pay off quickly.
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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