IRIS BAY
ReadyDeveloperSHETH ESTATE (INTERNATIONAL) LIMITED
CommunityBusiness Bay
AreaBusiness Bay
Started
18 years 2 months ago18-11-2007
Handover
10 years 10 months ago01-03-2015
Status
CompleteFinished
Project Description
Freehold commercial tower development in Dubai Business Bay. The building is designed and constructed as 3B+G+4P+33. The tower is being constructed out of concrete structure and block with internal and external finishes. The office units will be handed over as ?core and shell? to be individually fitted by their respective owners.
Performance Alpha
Momentum: Last 90Dvs Last 12M Baseline
Rising+6%
GrowthCurrent:AED 1,604/sqft
Last 12M:AED 1,507/sqft
Momentum: Last 12Mvs Prior Year
Rising+10%
GrowthLast 12M:AED 1,507/sqft
Prior Year:AED 1,365/sqft
Community Compare: Last 90DBusiness Bay
Discount-36%
Below AvgProject:AED 1,604/sqft
Community:AED 2,497/sqft
Liquidity: Last 12MExit Speed
High22%Turnover
44Sold (Last 12M)
Supply & Demand Matrix
IRIS BAY averaged 22% liquidity over the last 12 months, which is considered high. High velocity indicates an active secondary market with easier exit potential. Lower velocity suggests long-term holds or cooling demand.
Type
Absorption (L12M)
Velocity
Shop
4 units
3 sold1 left
75%
Velocity
Office
198 units
41 sold157 left
21%
Velocity
Layouts & Units (202)
| Units | Type | Beds | Size | Avg Price | Last Price | Last Sold | Sales |
|---|---|---|---|---|---|---|---|
Units 2 units | Type Office | Beds — | Size 1,044 sqft | Avg Price AED 1.5M | Last Price AED 2.1M | Last Sold about 2 months ago | Sales 4 |
Units 4 units | Type Office | Beds — | Size 1,250 sqft | Avg Price AED 1.9M | Last Price AED 2.6M | Last Sold about 2 months ago | Sales 6 |
Units 2 units | Type Office | Beds — | Size 1,018 sqft | Avg Price AED 1.3M | Last Price AED 1.7M | Last Sold 3 months ago | Sales 2 |
Units 3 units | Type Office | Beds — | Size 1,657 sqft | Avg Price AED 2.8M | Last Price AED 3.0M | Last Sold 3 months ago | Sales 3 |
Units 2605 | Type Office | Beds — | Size 1,659 sqft | Avg Price AED 3.0M | Last Price AED 3.0M | Last Sold 3 months ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 1,335 sqft | Avg Price AED 2.0M | Last Price AED 2.1M | Last Sold 3 months ago | Sales 2 |
Units 4 units | Type Office | Beds — | Size 1,891 sqft | Avg Price AED 2.1M | Last Price AED 4.1M | Last Sold 4 months ago | Sales 4 |
Units 2 units | Type Office | Beds — | Size 2,835 sqft | Avg Price AED 5.2M | Last Price AED 5.2M | Last Sold 4 months ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 1,968 sqft | Avg Price AED 3.7M | Last Price AED 4.5M | Last Sold 6 months ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 1,682 sqft | Avg Price AED 2.3M | Last Price AED 2.5M | Last Sold 6 months ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 1,796 sqft | Avg Price AED 2.7M | Last Price AED 2.7M | Last Sold 6 months ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 1,958 sqft | Avg Price AED 2.9M | Last Price AED 2.9M | Last Sold 6 months ago | Sales 2 |
Units 3 units | Type Office | Beds — | Size 2,131 sqft | Avg Price AED 2.5M | Last Price AED 3.3M | Last Sold 6 months ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 975 sqft | Avg Price AED 1.5M | Last Price AED 1.5M | Last Sold 6 months ago | Sales 1 |
Units 4 units | Type Office | Beds — | Size 1,217 sqft | Avg Price AED 1.5M | Last Price AED 1.8M | Last Sold 6 months ago | Sales 5 |
Units 2 units | Type Office | Beds — | Size 1,542 sqft | Avg Price AED 2.1M | Last Price AED 2.3M | Last Sold 6 months ago | Sales 2 |
Units G02 | Type Shop | Beds — | Size 2,265 sqft | Avg Price AED 4.3M | Last Price AED 4.3M | Last Sold 6 months ago | Sales 1 |
Units G01 | Type Shop | Beds — | Size 3,620 sqft | Avg Price AED 6.9M | Last Price AED 6.9M | Last Sold 6 months ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 999 sqft | Avg Price AED 1.1M | Last Price AED 1.2M | Last Sold 6 months ago | Sales 3 |
Units 2 units | Type Office | Beds — | Size 1,304 sqft | Avg Price AED 1.4M | Last Price AED 1.6M | Last Sold 6 months ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 1,828 sqft | Avg Price AED 1.7M | Last Price AED 2.2M | Last Sold 6 months ago | Sales 3 |
Units G04 | Type Shop | Beds — | Size 1,815 sqft | Avg Price AED 3.6M | Last Price AED 3.6M | Last Sold 6 months ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 1,987 sqft | Avg Price AED 2.3M | Last Price AED 2.3M | Last Sold 6 months ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 2,105 sqft | Avg Price AED 2.4M | Last Price AED 2.4M | Last Sold 6 months ago | Sales 3 |
Units 2 units | Type Office | Beds — | Size 2,079 sqft | Avg Price AED 2.3M | Last Price AED 2.4M | Last Sold 6 months ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 1,490 sqft | Avg Price AED 2.0M | Last Price AED 2.5M | Last Sold 7 months ago | Sales 4 |
Units 3 units | Type Office | Beds — | Size 1,137 sqft | Avg Price AED 1.3M | Last Price AED 1.7M | Last Sold 8 months ago | Sales 5 |
Units 5 units | Type Office | Beds — | Size 1,292 sqft | Avg Price AED 977K | Last Price AED 1.2M | Last Sold 11 months ago | Sales 2 |
Units 4 units | Type Office | Beds — | Size 1,919 sqft | Avg Price AED 2.2M | Last Price AED 2.8M | Last Sold 12 months ago | Sales 4 |
Units 2208 | Type Office | Beds — | Size 2,135 sqft | Avg Price AED 3.6M | Last Price AED 4.0M | Last Sold about 1 year ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 2,458 sqft | Avg Price AED 4.4M | Last Price AED 4.4M | Last Sold about 1 year ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 1,800 sqft | Avg Price AED 2.7M | Last Price AED 3.5M | Last Sold about 1 year ago | Sales 3 |
Units 2 units | Type Office | Beds — | Size 1,314 sqft | Avg Price AED 1.4M | Last Price AED 1.2M | Last Sold about 1 year ago | Sales 4 |
Units 2 units | Type Office | Beds — | Size 1,721 sqft | Avg Price AED 1.8M | Last Price AED 2.0M | Last Sold about 1 year ago | Sales 4 |
Units 3 units | Type Office | Beds — | Size 1,837 sqft | Avg Price AED 1.9M | Last Price AED 2.1M | Last Sold about 1 year ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 2,334 sqft | Avg Price AED 2.7M | Last Price AED 4.4M | Last Sold over 1 year ago | Sales 3 |
Units 4 units | Type Office | Beds — | Size 1,515 sqft | Avg Price AED 1.8M | Last Price AED 2.2M | Last Sold over 1 year ago | Sales 6 |
Units 2 units | Type Office | Beds — | Size 1,341 sqft | Avg Price AED 1.2M | Last Price AED 1.7M | Last Sold over 1 year ago | Sales 3 |
Units 4 units | Type Office | Beds — | Size 1,593 sqft | Avg Price AED 1.5M | Last Price AED 2.2M | Last Sold over 1 year ago | Sales 3 |
Units 2 units | Type Office | Beds — | Size 1,402 sqft | Avg Price AED 1.6M | Last Price AED 1.6M | Last Sold over 1 year ago | Sales 2 |
Units 2508 | Type Office | Beds — | Size 2,009 sqft | Avg Price AED 2.3M | Last Price AED 2.3M | Last Sold over 1 year ago | Sales 1 |
Units 2501 | Type Office | Beds — | Size 2,015 sqft | Avg Price AED 2.3M | Last Price AED 2.3M | Last Sold over 1 year ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 1,527 sqft | Avg Price AED 1.6M | Last Price AED 2.1M | Last Sold over 1 year ago | Sales 3 |
Units 2 units | Type Office | Beds — | Size 2,474 sqft | Avg Price AED 2.4M | Last Price AED 3.2M | Last Sold over 1 year ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 2,710 sqft | Avg Price AED 2.9M | Last Price AED 3.7M | Last Sold over 1 year ago | Sales 3 |
Units 2207 | Type Office | Beds — | Size 1,710 sqft | Avg Price AED 5.9M | Last Price AED 5.9M | Last Sold over 1 year ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 1,536 sqft | Avg Price AED 2.0M | Last Price AED 2.0M | Last Sold about 2 years ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 1,168 sqft | Avg Price AED 1.6M | Last Price AED 1.6M | Last Sold about 2 years ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 1,618 sqft | Avg Price AED 1.9M | Last Price AED 1.6M | Last Sold over 2 years ago | Sales 3 |
Units 2 units | Type Office | Beds — | Size 2,417 sqft | Avg Price AED 2.8M | Last Price AED 2.3M | Last Sold over 2 years ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 1,469 sqft | Avg Price AED 1.3M | Last Price AED 1.3M | Last Sold over 2 years ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 2,193 sqft | Avg Price AED 2.2M | Last Price AED 2.0M | Last Sold almost 3 years ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 1,302 sqft | Avg Price AED 1.8M | Last Price AED 2.0M | Last Sold almost 3 years ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 1,557 sqft | Avg Price AED 1.3M | Last Price AED 1.3M | Last Sold about 3 years ago | Sales 1 |
Units 2006 | Type Office | Beds — | Size 1,827 sqft | Avg Price AED 1.5M | Last Price AED 1.5M | Last Sold over 3 years ago | Sales 1 |
Units 3 units | Type Office | Beds — | Size 1,838 sqft | Avg Price AED 1.4M | Last Price AED 1.3M | Last Sold over 3 years ago | Sales 3 |
Units 2 units | Type Office | Beds — | Size 1,263 sqft | Avg Price AED 1.3M | Last Price AED 1.2M | Last Sold over 3 years ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 1,067 sqft | Avg Price AED 733K | Last Price AED 950K | Last Sold over 3 years ago | Sales 4 |
Units 2 units | Type Office | Beds — | Size 2,094 sqft | Avg Price AED 2.1M | Last Price AED 1.7M | Last Sold over 3 years ago | Sales 4 |
Units 2603 | Type Office | Beds — | Size 1,518 sqft | Avg Price AED 1.2M | Last Price AED 1.2M | Last Sold almost 4 years ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 1,146 sqft | Avg Price AED 726K | Last Price AED 764K | Last Sold about 4 years ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 1,255 sqft | Avg Price AED 731K | Last Price AED 690K | Last Sold about 4 years ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 1,933 sqft | Avg Price AED 1.3M | Last Price AED 1.3M | Last Sold about 4 years ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 2,123 sqft | Avg Price AED 1.8M | Last Price AED 1.3M | Last Sold over 4 years ago | Sales 3 |
Units 2 units | Type Office | Beds — | Size 1,060 sqft | Avg Price AED 1.3M | Last Price AED 650K | Last Sold over 4 years ago | Sales 2 |
Units 1408 | Type Office | Beds — | Size 1,242 sqft | Avg Price AED 716K | Last Price AED 835K | Last Sold over 4 years ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 1,844 sqft | Avg Price AED 975K | Last Price AED 975K | Last Sold almost 5 years ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 993 sqft | Avg Price AED 931K | Last Price AED 520K | Last Sold about 5 years ago | Sales 3 |
Units 3 units | Type Office | Beds — | Size 1,138 sqft | Avg Price AED 587K | Last Price AED 570K | Last Sold over 5 years ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 910 sqft | Avg Price AED 604K | Last Price AED 526K | Last Sold over 5 years ago | Sales 2 |
Units 1403 | Type Office | Beds — | Size 1,244 sqft | Avg Price AED 780K | Last Price AED 780K | Last Sold almost 6 years ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 2,310 sqft | Avg Price AED 2.2M | Last Price AED 2.1M | Last Sold about 6 years ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 1,279 sqft | Avg Price AED 1.1M | Last Price AED 1.0M | Last Sold over 6 years ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 1,049 sqft | Avg Price AED 800K | Last Price AED 800K | Last Sold over 7 years ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 1,074 sqft | Avg Price AED 1.0M | Last Price AED 1.2M | Last Sold about 8 years ago | Sales 2 |
Units 2 units | Type Office | Beds — | Size 1,359 sqft | Avg Price AED 1.2M | Last Price AED 1.2M | Last Sold over 8 years ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 2,456 sqft | Avg Price AED 2.2M | Last Price AED 2.2M | Last Sold almost 9 years ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 990 sqft | Avg Price AED 992K | Last Price AED 992K | Last Sold about 9 years ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 1,325 sqft | Avg Price AED 1.3M | Last Price AED 1.3M | Last Sold about 9 years ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 1,444 sqft | Avg Price AED 1.4M | Last Price AED 1.4M | Last Sold about 9 years ago | Sales 1 |
Units 2 units | Type Office | Beds — | Size 1,576 sqft | Avg Price AED 1.6M | Last Price AED 1.6M | Last Sold about 9 years ago | Sales 1 |
Units G03 | Type Shop | Beds — | Size 1,764 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Office | Beds — | Size 1,206 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Office | Beds — | Size 1,276 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 1503 | Type Office | Beds — | Size 1,294 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Office | Beds — | Size 1,425 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Office | Beds — | Size 1,434 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Office | Beds — | Size 1,460 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Office | Beds — | Size 1,465 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Office | Beds — | Size 1,580 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Office | Beds — | Size 1,706 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2202 | Type Office | Beds — | Size 1,714 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 4 units | Type Office | Beds — | Size 1,758 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Office | Beds — | Size 1,868 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Office | Beds — | Size 1,900 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Office | Beds — | Size 2,162 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Office | Beds — | Size 3,683 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
97 unique layouts covering 202 units