According to Property Finder, the average ROI for a 1-bedroom apartment in the area is almost 7%.
Buying an apartment in Iris Blue Tower provides foreign investors with an opportunity to obtain a 3-year residence visa for themselves and their family members. The visa can be prolonged upon expiry, and is issued for the purchase of ready-to-move-in residential property with a minimum price of AED 750,000 (USD 204,000).
Buyers can also become the owner of a 10-year Golden Visa by purchasing a completed residential property with at cost from AED 2,000,000 (USD 545,000).