Project
Iris Bay
Iris Bay is a 36-storey office building in Business Bay, Dubai. A completed project of offices and shops in Business Bay, priced below the Business Bay median.
01 / Transactions
All Iris Bay transactions
02 / About
About Iris Bay
Iris Bay is a 36-storey office building in Business Bay, Dubai.
Iris Bay at a glance
- Area
- Business Bay
- Developer
- Sheth Estate International Ltd
- Height
- 170 metres (558 feet)
- Architect
- The architectural consultant was WS Atkins & Partners
- Contractor
- The main building work was done by Al Habtoor Engineering Enterprises
- Storeys
- 36 storeys
Homes, design and facilities
The tower comprises two identical double curved pixelated shells which are rotated and cantilevered over a four-storey podium, underneath which are three levels of basement designed to facilitate underground parking for 920 cars.
The 170-metre tower is elevated above a four-storey perforated podium which floats over a double height arcade, and houses retail and commercial space totalling 82,000 sq m.
The distinctive ovoid shape creates areas of negative pressure that draw air through the building and reduce the dependence upon mechanical ventilation for the underground car park in particular.
The rear elevation is a continuous vertical curve punctuated by balconies while the front elevation is made up of seven zones of rotated glass. This includes naturally ventilated spaces and integrated solar energy and shading films in the glass façade.
Amenities include a landscaped garden, swimming pool, state-of-the-art clubhouse and a multi-cuisine restaurant and cafe.
- landscaped garden
- swimming pool
- state-of-the-art clubhouse and a multi-cuisine restaurant and cafe
Getting around
- Dubai Mall
- 9 min
- Palm Jumeirah
- 19 min
- Burj Al Arab
- 18 min
- The Walk JBR
- 22 min
Travel times are approximate driving estimates reported by the source and vary with route and traffic.
Construction and handover
Construction began in November 2007. The estimated handover date was October 2015. The project was completed in Apr 2016.
- Construction Started
- November 2007
- Estimated Completion
- October 2015
- Construction Finished
- April 2016
Nearby neighbourhoods
- Downtown Dubai1.9 km
- City Walk2.1 km
- District One2.8 km
- Dubai International Financial Centre3.7 km
Iris Bay recorded 33 market sales from 21 Jan 2026 – 12 Oct 2026, at a median price of AED 2,581,000 (AED 1,750/sqft). Iris Bay's median price per sqft (AED 1,750/sqft) is 29% below the Business Bay median (AED 2,458/sqft).
03 / Rents
Renting in Iris Bay
Medians of the 90 market rents (one property, about a year) among 92 registered contracts. Gross yield: apartment rent per sqft against the sale price per sqft.
- Median rent / yr
- AED 15,000
- Per sqft / yr
- AED 139/sqft
- Gross yield
- —
Market pulse / weekly
Iris Bay price history
Weekly median of market sales (sales, mortgages and gifts are not mixed). Periods without sales are not shown.
Median sale price · AED
Registered market sales only
View data table
| Period | Sales | Median · AED | AED / sqft |
|---|---|---|---|
| Week of 19 Jan 2026Total AED 4,450,000 | 1 | AED 4,450,000 | AED 2,352/sqft |
| Week of 26 Jan 2026Total AED 2,625,000 | 1 | AED 2,625,000 | AED 1,666/sqft |
| Week of 2 Feb 2026Total AED 4,320,000 | 2 | AED 2,160,000 | AED 2,140/sqft |
| Week of 9 Feb 2026Total AED 12,700,000 | 4 | AED 2,801,500 | AED 2,433/sqft |
| Week of 16 Feb 2026Total AED 2,250,000 | 1 | AED 2,250,000 | AED 1,726/sqft |
| Week of 23 Feb 2026Total AED 6,543,620 | 2 | AED 3,271,810 | AED 1,968/sqft |
| Week of 9 Mar 2026Total AED 2,100,000 | 1 | AED 2,100,000 | AED 1,726/sqft |
| Week of 20 Apr 2026Total AED 5,050,000 | 1 | AED 5,050,000 | AED 2,630/sqft |
| Week of 4 May 2026Total AED 12,000,000 | 2 | AED 6,000,000 | AED 1,629/sqft |
| Week of 1 Jun 2026Total AED 2,360,000 | 1 | AED 2,360,000 | AED 1,940/sqft |
| Week of 8 Jun 2026Total AED 1,570,000 | 1 | AED 1,570,000 | AED 1,610/sqft |
| Week of 22 Jun 2026Total AED 3,160,000 | 1 | AED 3,160,000 | AED 1,605/sqft |
| Week of 6 Jul 2026Total AED 11,722,000 | 5 | AED 2,300,000 | AED 1,579/sqft |
| Week of 13 Jul 2026Total AED 3,377,900 | 1 | AED 3,377,900 | AED 1,700/sqft |
| Week of 3 Aug 2026Total AED 2,330,000 | 1 | AED 2,330,000 | AED 1,809/sqft |
| Week of 17 Aug 2026Total AED 10,519,873 | 4 | AED 2,716,959 | AED 1,907/sqft |
| Week of 7 Sept 2026Total AED 4,575,608 | 2 | AED 2,287,804 | AED 1,620/sqft |
| Week of 5 Oct 2026Total AED 3,200,000 | 1 | AED 3,200,000 | AED 1,634/sqft |
| Week of 12 Oct 2026Total AED 2,500,000 | 1 | AED 2,500,000 | AED 2,054/sqft |
04 / Nearby
Other projects in Business Bay
Ranked by number of market sales.
| Project | Sales | Median · AED | AED / sqft | Open |
|---|---|---|---|---|
| 238 | 3.21M AED | 4,699 | ||
| 221 | 2.19M AED | 2,569 | ||
| 183 | 2.03M AED | 2,513 | ||
| 161 | 2.7M AED | 2,773 | ||
| 155 | 3.44M AED | 2,636 | ||
| 155 | 3.22M AED | 3,491 | ||
| 148 | 22.98M AED | 6,130 | ||
| 140 | 1.74M AED | 2,683 | ||
| 116 | 2.68M AED | 2,618 | ||
| 105 | 1.53M AED | 1,434 |
05 / Talk to us
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A registered project can include several buildings or phases, so these figures cover the whole project.