Iris Blue Tower is a premium residential complex by Sheth Estate International Ltd, completed in 2008.
The living area of the residences vary from 731 sq. ft to 3,541 sq. ft and are all equipped with water and electricity consumption meters and modern household appliances.
The first floors of the development include plenty of amenities for residents to enjoy.
Apartments in Iris Blue Tower are available for sale at a starting price of AED 1,200,000 (USD 327,000).
Due to the premium amenities and the strategic location of Iris Blue Tower with its close proximity to the waterfront, transport stops and social infrastructure objects, units in this development are in high demand among buyers and tenants.
Dubai Marina is one of the most prestigious areas in the emirate and its popularity is growing with its development. At the same time, the prices for renting and purchasing a real estate unit in Dubai Marina is increasing.
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).