About Iris Bay
Iris Bay is a commercial and office tower by Sheth Estate (International) Limited, in Business Bay, Dubai. It rises 38 storeys (3 basement levels, a ground floor, 4 podium levels and 33 floors), built as a concrete structure with internal and external finishes. The project comprises 202 homes.
Key information
Developer
Sheth Estate (International) Limited
- Handover
- Q3 2015
- Status
- Handed over
- Location
- Business Bay, Dubai
- Master project
- Business Bay
- Construction started
- 2007
- Number of buildings
- 1
- Number of units
- 202
- Registered with DLD
- 08 Nov 2008
- Escrow bank
- Noor Bank
- Escrow account no.
- 00110507480018
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2007
- Handed overQ3 2015
Construction progress
31 inspection photos from the Dubai Land Department. Latest 12 Oct 2015 at 100% complete.
Amenities
Physical features recorded on the Dubai Land Department buildings register.
Swimming Pool
Covered Parking
8 Elevators
28 Floors
Retail & Shops
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
432
Median price
AED 2.1M
Median price / sqft
AED 1K+32%
Off-plan share
45%
Priced 23% below than the Business Bay median of AED 2K/sqft.
Price per sqft by year
+32% since 2009AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 08 Sept 2026 | Resale | 1,359 sqft | AED 2.2M | AED 2K |
| 08 Sept 2026 | Resale | 1,465 sqft | AED 2.4M | AED 2K |
| 20 Aug 2026 | Resale | 1,425 sqft | AED 2.7M | AED 2K |
| 20 Aug 2026 | Resale | 990 sqft | AED 1.9M | AED 2K |
| 20 Aug 2026 | Resale | 1,424 sqft | AED 2.7M | AED 2K |
| 18 Aug 2026 | Resale | 1,828 sqft | AED 3.2M | AED 2K |
| 04 Aug 2026 | Resale | 1,288 sqft | AED 2.3M | AED 2K |
| 16 Jul 2026 | Resale | 1,987 sqft | AED 3.4M | AED 2K |
Unit mix
202 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| Shop | 4 | - |
| Office | 198 | - |
Payment plan
Payment plans are set by Sheth Estate and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.
Request the payment planLocation
Approximate location in Business Bay, Dubai.
Business Bay
Dubai, United Arab Emirates
Frequently asked questions
Iris Bay has already been handed over (Q3 2015), according to Dubai Land Department records.
