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Ready building · Sheth Estate

Iris Bay, Business Bay

Highlights

Iris Bay at a glance

About Iris Bay

Iris Bay is a commercial building in Business Bay, Dubai, developed by Sheth Estate. It holds about 202 units: commercial units. Depending on the unit, windows look out over Community.

The building was completed in 2015 and has been in use for about 11 years. 40 units changed hands in the last 12 months, registered with the Dubai Land Department.

Iris Bay is one of 257 buildings in Business Bay: 149 are complete and 61 are still being built.

In a nutshell

  • A commercial ready building
  • Located in Business Bay, Dubai
  • Developed by Sheth Estate
  • Completed in Q4 2015
  • Unit types: Commercial
  • Sizes from 910 to 3,680 sq ft
  • Views: Community
  • Service charge from AED 18.87 per sq ft
  • Business Bay metro station 0.6 km away
Status
Ready
Developer
Sheth Estate
Location
Business Bay, Dubai
Completed
Q4 2015
Unit types
Commercial
Prices from
AED 806.0K
Service charge
AED 18.87 per sq ft (2026)
Nearest metro
Business Bay Interchange, 0.6 km

Photos of Iris Bay

Building details

Inside Iris Bay

Properties in Iris Bay

Commercial units in Iris Bay

There are about 202 of these in Iris Bay, from 910 to 3,680 sq ft. They have recently sold for a median of AED 2.6M, or AED 1,910 per sq ft.

Unit types in Iris Bay with sizes, median prices and rents
Unit typeUnitsSizeMedian priceMedian rent
Commercial202910 sqft84.5 sqmt – 3,680 sqft341.9 sqmtAED 2.6M–

Service charges in Iris Bay

The 2026 service charge in Iris Bay is AED 18.87 per sq ft for commercial units, AED 18.87 per sq ft for offices, AED 24.24 per sq ft for shops. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department. Each parking space adds about AED 841 a year.

Service charges in Iris Bay
Unit typeRate per sq ftSizeYearly charge
Commercial (2026)AED 18.87910 sqft84.5 sqmt – 3,680 sqft341.9 sqmtAED 17,172 – AED 69,442
Offices (2026)AED 18.87910 sqft84.5 sqmt – 3,680 sqft341.9 sqmtAED 17,172 – AED 69,442
Retail (2026)AED 24.24910 sqft84.5 sqmt – 3,680 sqft341.9 sqmtAED 22,058 – AED 89,203

Source: Dubai Land Department service charge index. Rates are reviewed each year.

Available now

Properties for sale and rent in Iris Bay

Units in Iris Bay listed with fäm right now. Each listing has its own photos, price and the broker handling it.

Nearby amenities

Around Iris Bay

Transportation near Iris Bay

The nearest Dubai Metro station from Iris Bay is Business Bay (red line, 0.6 km, about 7 min walk), then Burj Khalifa/Dubai Mall (red line, 2 km, about 6 min drive). Stations planned on new lines nearby include Business Bay Interchange (golden line, 0.6 km, about 7 min walk) and Burj Khalifa Road (golden line, 1.2 km, about 14 min walk).

  • Business Bay InterchangeGolden line · 0.6 km · about 7 min walk
  • Business BayRed line · 0.6 km · about 7 min walk
  • Burj Khalifa RoadGolden line · 1.2 km · about 14 min walk
  • Burj Khalifa/Dubai MallRed line · 2 km · about 6 min drive
  • City WalkGolden line · 2.4 km · about 7 min drive
  • District 1 near High Speed Rail lineGolden line · 2.5 km · about 7 min drive

Shopping and groceries near Iris Bay

The closest is Spinneys/ Ontario Tower, 0.3 km from Iris Bay (about 4 min walk).

  • Spinneys/ Ontario TowerSupermarket · 0.3 km · about 4 min walk
  • Spinneys / The Executive TowersSupermarket · 0.5 km · about 6 min walk
  • Bay AvenueShopping Mall · 0.8 km · about 10 min walk
  • Choitram, The Executive TowersSupermarket · 1 km · about 12 min walk
  • Al Maya / 8 Boulevard Walk, Downtown DubaiSupermarket · 1.2 km · about 14 min walk

Restaurants and hotels near Iris Bay

The closest is JW Marriott Marquis Business Bay, 0.2 km from Iris Bay (about 2 min walk).

  • JW Marriott Marquis Business BayHotel · 0.2 km · about 2 min walk
  • Oberoi HotelHotel · 0.4 km · about 5 min walk
  • Maward RestaurantRestaurant · 1.2 km · about 14 min walk
  • Villa Rotana - DubaiHotel · 1.5 km · about 5 min drive
  • Vida Hotels and ResortsHotel · 1.5 km · about 5 min drive

Hospitals and clinics near Iris Bay

The closest is Medcare Hospital, 1.8 km from Iris Bay (about 6 min drive).

  • Medcare HospitalHospital · 1.8 km · about 6 min drive
  • Al Amal HospitalHospital · 2 km · about 6 min drive
  • Emirates HospitalHospital · 2.6 km · about 7 min drive
  • Internationl Medical CenterHospital · 3 km · about 8 min drive
  • Neuro Spinal hospitalHospital · 3.3 km · about 9 min drive

Parks and leisure near Iris Bay

The closest is Dubai Bowling Centre, 1.3 km from Iris Bay (about 5 min drive).

  • Dubai Bowling CentreSports Academy · 1.3 km · about 5 min drive
  • Safa ParkPark · 1.4 km · about 5 min drive
  • Al Quoz Pond ParkPark · 2.6 km · about 7 min drive
  • Jumeirah Beach ParkPark · 2.8 km · about 8 min drive
  • Falcon Heritage and Sports CentreSports Academy · 4.8 km · about 12 min drive

Schools near Iris Bay

The nearest is Japanese School, 0.9 km away. Ratings are the KHDA's latest inspection grades.

  • Japanese SchoolJapanese · KHDA: Good · 0.9 km
  • JSS Private School L.L.CIndian · KHDA: Very good · 1 km
  • Horizons English School L.L.CUK · KHDA: Outstanding · 1.1 km
  • Harrow International School L.L.CUK* · KHDA: Not inspected yet · 1.2 km
  • Dubai British School MiraUK · KHDA: Not inspected yet · 1.2 km
  • Iranian Towheed Boys SchoolIranian - International Baccalaureate · KHDA: Good · 1.4 km

Other buildings in Business Bay

Business Bay has 257 buildings. A few others to compare Iris Bay with:

Things to consider about Iris Bay

In its favour

  • Business Bay metro station is within walking distance.
  • An active resale market: 40 sales in the last year make it easier to price and to sell.
  • Ready to move into or let, with no construction risk.
  • Several schools within 3 km.

Worth checking

  • Service charges of up to AED 24.24 per sq ft are on the higher side for Dubai.

Specialists

Brokers who know Iris Bay

These brokers handle sales and lettings in Iris Bay and can tell you what is available now.

FAQs

Iris Bay: questions answered

Iris Bay was developed by Sheth Estate in Business Bay.

Iris Bay is completed in Q4 2015.

The 2026 service charge for residential units in Iris Bay is AED 18.87 per sq ft a year, as registered with the Dubai Land Department.

Iris Bay has Commercial (910 to 3,680 sq ft).

Business Bay Interchange is about 0.6 km from Iris Bay.

The nearest schools include Japanese School (0.9 km), JSS Private School L.L.C (1 km), Horizons English School L.L.C (1.1 km).

Buying, selling or renting in Iris Bay?

A broker who works Business Bay will tell you what is available and what comparable homes went for.

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