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Sold for AED 2,330,000: Office in Iris Bay

Located in Business Bay, Dubai. Its price per sqft is +3% vs the Iris Bay median (AED 1,750/sqft).

All Business Bay salesIris Bay prices

Sale price

AED 2,330,000

Per sqft
AED 1,809
Registered
4 Aug 2026, 10:05 (Dubai)
Iris Bay, Dubai

01 / Price history

This unit's history

Every registration of this office in Iris Bay: same layout, exact size (1,288 sqft) and parking bay B3-163, B3-164, B3-165. The registry has no unit numbers, so records are matched on these details.

  1. 4 Aug 2026This sale

    1,288 sqft · AED 1,809/sqft · Ready

    First recordAED 2,330,000

  2. 4 Aug 2026Mortgage

    Same day as previous · 1,288 sqft · AED 1,072/sqft · Ready

    41%lower than the previous recordAED 1,380,000
Records
2
Registered
Same day
as the mortgage, 4 Aug 2026
Loan to value
59%
AED 1.38M mortgage on the AED 2.33M sale

02 / The property

Property details

Size
1,288 sqft · 119.65 m²
Bedrooms
Office
Registered as
Sale
Property sub-type
Office
Usage
Residential
Tenure
Freehold
Parking
B3-163, B3-164, B3-165
Nearest metro
Business Bay Metro Station
Nearest mall
Dubai Mall
Nearest landmark
Downtown Dubai

03 / Comparables

All sales in Iris Bay (21 Jan 2026 – 12 Oct 2026)

33 market sales, latest 30 shown. Percentages compare each sale with this one.

Filter & sort
Comparable market sales. Change is relative to the selected sale.
Sale recordRecordedValue · AEDAED / sqft
12 Oct 20262.5M+7% vs selected2,054+14% vs selected
9 Oct 20263.2M+37% vs selected1,634−10% vs selected
7 Sept 20262.2M−6% vs selected1,620−10% vs selected
7 Sept 20262.37M+2% vs selected1,620−10% vs selected
20 Aug 20262.72M+17% vs selected1,907+5% vs selected
20 Aug 20262.72M+17% vs selected1,907+5% vs selected
20 Aug 20261.89M−19% vs selected1,907+5% vs selected
18 Aug 20263.2M+37% vs selected1,750−3% vs selected
Office · 1,288 sqftReadySelected sale
4 Aug 20262.33M1,809
16 Jul 20263.38M+45% vs selected1,700−6% vs selected
10 Jul 20264.12M+77% vs selected2,647+46% vs selected
9 Jul 20261.57M−33% vs selected1,579−13% vs selected
9 Jul 20261.43M−38% vs selected1,577−13% vs selected
8 Jul 20262.3M−1% vs selected1,723−5% vs selected
7 Jul 20262.3M−1% vs selected1,570−13% vs selected
25 Jun 20263.16M+36% vs selected1,605−11% vs selected
10 Jun 20261.57M−33% vs selected1,610−11% vs selected
1 Jun 20262.36M+1% vs selected1,940+7% vs selected
5 May 20266M+158% vs selected1,629−10% vs selected
5 May 20266M+158% vs selected1,629−10% vs selected
22 Apr 20265.05M+117% vs selected2,630+45% vs selected
9 Mar 20262.1M−10% vs selected1,726−5% vs selected
26 Feb 20263.53M+51% vs selected2,000+11% vs selected
24 Feb 20263.02M+29% vs selected1,937+7% vs selected
18 Feb 20262.25M−3% vs selected1,726−5% vs selected
12 Feb 20262M−14% vs selected1,644−9% vs selected
9 Feb 20265.1M+119% vs selected2,434+35% vs selected
9 Feb 20263.02M+30% vs selected2,434+35% vs selected
9 Feb 20262.58M+11% vs selected2,433+34% vs selected
6 Feb 20261.92M−18% vs selected1,921+6% vs selected

04 / Renting it out

What similar offices rent for

Median of 48 market rents of offices of 1,095–1,481 sq ft in Business Bay. The gross yield is that rent against this sale's price, before service charges, fees and empty months.

See these contracts
Median rent / yr
AED 157,011
Per sqft / yr
AED 132/sqft
Gross yield
6.7%