Business Bay · area photo
Binghatti Aquarise
Business Bay · Binghatti
Due Oct 2026DLD register
Median home price, Oct 2025–Sep 2026AED 2.0m
Iris Bay
Business Bay Sheth Estate LimitedDLD project 127
Towers along the Dubai Water Canal in Business Bay, Dubai. Area photo, not this projectPhoto: Sergei Gussev, Wikimedia Commons, CC BY 2.0, resized and cropped
The short answer
Iris Bay is listed as finished on the DLD register.
DLD registerSourceDLD project registerFigureas the register lists itDatasales to 5 Oct 2026 · DLD register read 13 Oct 2026How it is worked out
Finished
project 127
Sales since Jan 2019SourceDLD registered salesWindowJan 2019–5 Oct 2026Based on200 salesFigurecount of registered sales of every typeDatasales to 5 Oct 2026How it is worked out
200
registered with DLD, all types
Home salesSourceDLD registered salesWindowOct 2025–Sep 2026Based on0 salesFigureflats and villas, no data-quality flagDatasales to 5 Oct 2026How it is worked out
0
Oct 2025–Sep 2026
Median home priceSourceDLD registered salesWindowOct 2025–Sep 2026Based on0 salesFiguremedian of registered home sales, not an asking priceDatasales to 5 Oct 2026Fewer than 5 sales: no median shownHow it is worked out
—
0 home sales, Oct 2025–Sep 2026
Sales, 12 monthsSourceDLD registered salesWindowOct 2025–Sep 2026Based on40 salesFigureregistered sales of every property typeDatasales to 5 Oct 2026How it is worked out
40
−17% on Oct 2024–Sep 2025
The DLD project register
FinishedFinished on the DLD register
100% built at DLD’s inspection on 12 Oct 2015.
- DLD project number
- 127
- Status
- Finished
- Completion date
- 1 Mar 2015
- Start date
- 18 Nov 2007
- Registered
- 8 Nov 2008
- Developer
- Sheth Estate (International) Limited · DLD developer 39
- Escrow account bank
- Noor Bank
- Units
- 202
- Buildings
- 1: Iris Bay
Inspection history: 3 inspections on the register
| Inspection date | Built |
|---|---|
| 12 Oct 2015 | 100% |
| 22 Sep 2014 | 95.48% |
| 11 Dec 2012 | 95.45% |
Source: Dubai Land Department project register, read 13 Oct 2026. The register’s own figures, shown as it lists them.
Developer’s reply: none yet. Sheth Estate Limited can send a reply about these figures; replies are checked before they’re published and never change a number. How developers reply
Statement ID S-127-H1 · DLD register read 13 Oct 2026
Latest registered sales
All recent sales| Date | Type | Sq ft | Price | AED /sq ft | vs area |
|---|---|---|---|---|---|
| 7 Sep 2026 | Office Ready | 1,359 | AED 2.2m | — | — |
| 7 Sep 2026 | Office Ready | 1,465 | AED 2.4m | — | — |
| 20 Aug 2026 | Office Ready | 1,424 | AED 2.7m | — | — |
| 20 Aug 2026 | Office Ready | 1,424 | AED 2.7m | — | — |
| 20 Aug 2026 | Office Ready | 989 | AED 1.9m | — | — |
| 18 Aug 2026 | Office Ready | 1,828 | AED 3.2m | — | — |
| 4 Aug 2026 | Office Ready | 1,288 | AED 2.3m | — | — |
| 16 Jul 2026 | Office Ready | 1,987 | AED 3.4m | — | — |
| 10 Jul 2026 | Office Ready | 1,556 | AED 4.1m | — | — |
| 9 Jul 2026 | Office Ready | 992 | AED 1.6m | — | — |
Every type of sale, newest first; DLD publishes no time of day. Price per sq ft for homes only. “vs area”: against the median for that size in Business Bay, Oct 2025–Sep 2026.
Sheth Estate Limited’s ads
Sheth Estate Limited isn’t advertising Iris Bay on Facebook or Instagram right now. When it does, the ads will show here with the prices they quote.
Checked in Meta’s Ad Library on 26 Oct 2026 · Search the Ad Library for Sheth Estate Limited
Business Bay market insights
Registered with DLD under the district Business Bay, 2019 to 5 Oct 2026.
AED 2,058Sep 2026−1%on Oct 2023
Each point is the median price per square foot of the month’s registered home sales (flats and villas). A month with fewer than 10 home sales is left as a gap. Registered prices, not asking prices.
Most sold size
1 bedroom
Share of the home sales over Oct 2025–Sep 2026 that recorded a bedroom count
Sales a year
13,134 sales2025+480%on 2019
Full years only, registered sales of every type. 4,953 sales in 2026 to 5 Oct.
Off-plan share
57% of the 8,128 sales over Oct 2025–Sep 2026 were registered as off-plan, DLD’s own registration type.
The full record
every figure behind the summarySales by year and by month
| Year | Sales | Off-plan | Ready | Value | Median home price | Median AED /sq ft |
|---|---|---|---|---|---|---|
| 2019 | 12 | 0 | 12 | AED 14.7m | — | — |
| 2020 | 8 | 0 | 8 | AED 5.5m | — | — |
| 2021 | 27 | 0 | 27 | AED 20.7m | — | — |
| 2022 | 10 | 0 | 10 | AED 13.8m | — | — |
| 2023 | 27 | 0 | 27 | AED 46.3m | — | — |
| 2024 | 39 | 0 | 39 | AED 91.1m | — | — |
| 2025 | 46 | 0 | 46 | AED 120m | — | — |
| 2026 to 5 Oct | 31 | 0 | 31 | AED 91.7m | — | — |
Sales and value: registered sales of every property type since Jan 2019. Off-plan: DLD’s registration type; Ready: every other sale. Medians: home sales only, shown with 5 or more.
200sales registered, Feb 2019 to Sep 2026
Every registered sale, all property types.
Other projects in Business Bay
8,128 sales were registered in Business Bay over Oct 2025–Sep 2026, with homes at a median AED 2,082 per sq ft over Jul–Sep 2026.
| Project | Developer | DLD register | Sales, Oct 2025–Sep 2026 | Median home price |
|---|---|---|---|---|
| Binghatti Aquarise | Binghatti | Due Oct 2026 | 602 | AED 2.0m |
| Binghatti Skyrise | Binghatti | Due Dec 2026 | 434 | AED 1.5m |
| Downtown Residences | Deyaar | Due Dec 2030 | 364 | AED 2.6m |
| Hq by Rove | Irth | Due Mar 2029 | 328 | — |
| Binghatti Skyhall | Binghatti | Due Aug 2026 | 232 | AED 1.4m |
| Al Habtoor Tower | Al Habtoor | Due Dec 2026 | 216 | AED 3.4m |
| Peninsula Four | Select Group | Finished | 212 | AED 2.0m |
| One by Binghatti | Binghatti | Due May 2026 | 212 | AED 3.1m |
| Tiger Sky Tower | Tiger | No completion date | 174 | AED 3.1m |
| Peninsula Three | Select Group | Finished | 170 | AED 1.7m |
| Avarra by Palace | Emaar | Due Jun 2031 | 155 | AED 3.2m |
| DAMAC Towers by Paramount | DAMAC | Finished | 151 | AED 1.7m |
Median home price over Oct 2025–Sep 2026, shown with 5 or more home sales.
More projects in Business Bay
Everything in Business BayBusiness Bay · area photo
Binghatti Skyrise
Business Bay · Binghatti
Due Dec 2026DLD register
Median home price, Oct 2025–Sep 2026AED 1.5m
Business Bay · area photo
Downtown Residences
Business Bay · Deyaar
Due Dec 2030DLD register
Median home price, Oct 2025–Sep 2026AED 2.6m
Business Bay · area photo
Business Bay · area photo
Binghatti Skyhall
Business Bay · Binghatti
Due Aug 2026DLD register
Median home price, Oct 2025–Sep 2026AED 1.4m
Business Bay · area photo
Al Habtoor Tower
Business Bay · Al Habtoor
Due Dec 2026DLD register
Median home price, Oct 2025–Sep 2026AED 3.4m
Photo: Business Bay and the Dubai Water Canal by Sergei Gussev (Wikimedia Commons, CC BY 2.0). Resized and cropped.
Before you buy a home in Iris Bay
About Iris Bay
Iris Bay is a Sheth Estate Limited project in Business Bay, Dubai, registered with the Dubai Land Department as project 127 by Sheth Estate (International) Limited. The register lists it as finished.
200 sales have been registered since Jan 2019, the first on 13 Feb 2019, 40 of them over Oct 2025–Sep 2026. These are prices buyers paid, recorded at registration, not asking prices.
By sales since Jan 2019 it is 76th of the 140 projects with a registered sale in Business Bay, and first of Sheth Estate Limited’s 1.
Questions about Iris Bay
Is Iris Bay finished?
Yes. The DLD register lists Iris Bay as finished.
How many sales has Iris Bay had?
200 sales registered with the Dubai Land Department since Jan 2019, 40 of them over Oct 2025–Sep 2026.
Who is the developer of Iris Bay?
The DLD register lists Sheth Estate (International) Limited, DLD developer number 39, which we group under Sheth Estate Limited.
Where is Iris Bay?
In Business Bay, Dubai. The Dubai Land Department registers its sales under the district Business Bay. Homes there registered at a median AED 2,082 per sq ft over Jul–Sep 2026.
Which escrow account does DLD list for Iris Bay?
The DLD project register lists an escrow account with Noor Bank for Iris Bay.
Cite this page
Iris Bay, Business Bay. Real Estate IQ, from DLD registered sales to 5 Oct 2026 and the DLD project register read 13 Oct 2026. dubairealestateiq.com/project/iris-bay
Sources: Dubai Land Department open data, registered sales to 5 Oct 2026, via Dubai Real Estate Data (CC BY 4.0), processed by Real Estate IQ; DLD project register, read 13 Oct 2026. Registered prices, not asking prices or valuations. How the figures are worked out.
Read next
GuideHow to check a Dubai off-plan project’s completion date
GuideAsking price or registered price: how to check a quote
TrackerActive projects on the DLD register, with their completion datesPhotos: Towers under construction, Dubai by Leandro Neumann Ciuffo (Wikimedia Commons, CC BY 2.0); Dubai Marina at night by Gfilip (Wikimedia Commons, CC BY-SA 4.0); Dubai skyline at dusk by imran shahabuddin (Wikimedia Commons, CC BY 2.0). Resized and cropped.