Iris Bay Tower, Business Bay

Iris Bay Tower, Business Bay

HIGHLIGHTS

ABOUT IRIS BAY TOWER

Iris Bay, also known as Sheth Tower Iris Bay, is an office tower in Business Bay, one of Dubai’s busiest commercial hubs. Iris Bay is known for its oval, crescent moon type shape. The tower is one of the tallest in the area at 170 metres/558 ft., with 35 storeys above ground, including three podium levels and three basement parking levels. 

The project was launched in 2006 by Sheth Estate International Limited. Iris Bay was completed in 2015 with 387,000 sq. ft. of office and retail space. The offices and shops in Iris Bay have been built with the highest standards and are luxurious properties. Designed by WS Atkins & Partners, the tower has two sides, one that is facing Sheikh Zayed Road and the other is bay facing, offering beautiful views of the Dubai Canal.

IN A NUTSHELL

  • Developed by Sheth Estate International Limited
  • Consists of 35 floors above ground including three podium levels 
  • 920 parking spaces are spread out across three basement levels and three podium levels
  • It stands tall at 170 metres or 558 ft.
  • High-rise building
  • Near Sheikh Zayed Road and Business Bay metro station
  • Shell-and-core offices are available

BUILDING DETAILS

Facilities in Iris Bay Tower

Iris Bay, Dubai is a state-of-the-art office building. It boasts many amenities and facilities for its tenants.

Convenience store outside Iris Bay
Iris Bay houses 7 Eleven, a convenience store on its ground floor

Parking

Tenants can find that there are a total of 920 parking spaces spread across six levels. There are three basement parking levels and three podium parking levels. Each office comes with a set number of parking spaces, this depends on the size of your unit. Visitors will have to find parking on Happiness Street (D86) outside of Iris Tower, Business Bay. 

Elevators

The office tower features a total of six high-speed elevators.

Security and Concierge Services

The building is enabled with CCTV cameras, alongside security guards for the building. In the lobby of Iris Bay, there is also a guest check-in desk, here building security will ask for the purpose of your visit and a form of identification. 

Fitness Amenities

Iris Bay, Business Bay features a shared swimming pool for tenants who enjoy keeping fit. There is also a landscaped podium garden popular for relaxing walks or just to simply sit and enjoy the outdoor atmosphere. Also, the EMS Fitness Factory is a state of the art gym located on fourteenth floor of the building.

Properties in Iris Bay Tower 

The ground floor in Iris Bay, Dubai is dedicated to retail shops available for sale as well as rent. The rest of the tower consists of office space only. Offices located on floor ten and above that are bay facing come with balconies. 

There are a few types of offices in Iris Bay Tower, Business Bay Dubai: 

  • Shared offices 
  • Shell-and-core offices 
  • Fitted offices 

Shared offices feature private office space and access to multiple meeting rooms, games area, lounge area and the swimming pool in the building. Shell-and-core offices are non-fitted property units, this means that tenants and landlords can choose the finishing for their offices. Fitted offices are ready to move into, these are luxury units which are priced on the higher end of the spectrum.

Offices in Iris Bay Tower

Iris Bay, Business Bay is a popular location in Business Bay and in Dubai to rent or buy an office. Offices in Iris Bay range from 210 sq. ft. to 7,365 sq. ft. with rental prices starting from AED 30k to upwards of AED 552k. Some offices feature an attached kitchen and washroom while for others you will have to use the shared facilities for the whole floor. The offices on higher floors also feature spacious balconies offering views of Dubai’s skyline and the Dubai Canal. 

Shared offices come with shared meeting rooms and lounge areas. Renting a shared office in Iris Bay starts from AED 30k. 

Prices for a standalone shell-and-core office for rent in Iris Bay start from AED 53k for 1,000 sq. ft. and go up to AED 552k for a large 7,365 sq. ft. office. 

Prices for fitted office units start from AED 93k for 1,200 sq. ft. of office space and can go up to AED 231k for 2,500 sq. ft. of space. 

Offices for sale in Iris Bay range from AED 750k to AED 15.5M. Shell-and-core offices for sale start from AED 750k for 1,100 sq. ft. of space to AED 1.2M for 1,830 sq. ft. of space. 

Fitted office spaces range from 1,300 sq. ft to 1,800 sq. ft. Prices for a fitted office average at AED 2M. Full floor fitted offices of up to 10,300 sq. ft. are priced from AED 7M to AED 15.5M. 

Shops in Iris Bay Tower 

The shops in Iris Bay are spread across the ground floor. These are normally used as retail stores, cafes or restaurants. Renting a shop in Iris Bay costs an average of AED 575k, annually. While investing in a shop in Iris Bay costs anywhere from AED 15.5M to AED 28M. 

These are all shell-and-core options with sizes for a shop range from 2,100 sq. ft. to 10,700 sq. ft. 

Iris Bay Tower offices exhibit the following rental trends:

  • Shared offices are priced upwards of AED 30k for a 200 sq. ft. office
  • On the more affordable side, shell-and-core offices cost on average AED 344k for a 5,300 sq. ft. office
  • Prices for fitted offices range from AED 93k to AED 231k
  • Investors can expect to pay AED 750k for a 1,000 sq. ft. shell-and-core office
  • Fully fitted offices are priced upwards of AED 1.5M for 1,300 sq. ft. of space 
  • Fitted office floors are priced from AED 7M to AED 15.5M

Service Charges in Iris Bay Tower

General Fund
Price Per Sq. Ft. In AED
General Fund
Services
General upkeep of the building
Price Per Sq. Ft. In AED
1.47
General Fund
Maintenance
General repairs and replacements
Price Per Sq. Ft. In AED
3.67
General Fund
Utilities Services
Charges for using DEWA/district cooling facilities and meters
Price Per Sq. Ft. In AED
8.25
General Fund
Management Services
Owner’s association charges for managing the property
Price Per Sq. Ft. In AED
1.78
General Fund
Insurance
Charge for the insurance of the building
Price Per Sq. Ft. In AED
0.75
General Fund
Master Community
Fees for communal facilities in the neighbourhood
Price Per Sq. Ft. In AED
0.88
General Fund
Reserved Fund
Funds used for major repairs and to help maintain the yearly service charges fees
Price Per Sq. Ft. In AED
2.00
General Fund
Adjustment
The difference between the estimated amount charged the previous year vs the actual amount spent
Price Per Sq. Ft. In AED
-4.24
General Fund
Total
Price Per Sq. Ft. In AED
14.56

These figures are based on the services charges for Iris Bay Tower* as per the Dubai Land Department.

There are many different types of Dubai service charges, read up on the service charges guide if you are interested in buying a property in Dubai.

*These charges are subject to change.

NEARBY AMENITIES

Transportation near Iris Bay Tower

Iris Bay Tower, Business Bay is situated on Happiness Street (D86) in Business Bay, it is located towards the beginning of the Business Bay bridge over the Dubai Canal. Iris Bay is also close to Marasi Drive which leads to The Oberoi, Dubai hotel. 

Bus Stations near Iris Bay Tower

For those commuting to Iris Bay through buses, they can find the nearest bus station outside Lilian Tower 1. The stop is accessible within 8-minute from Iris Bay, on foot.

Metro Stations near Iris Bay Tower

Those using public transportation can visit Iris Bay through the Business Bay Metro Station on the Red Line of the Dubai Metro. It is a short 12-minute walk away or a 3-minute drive away. 

Tram Stations near Iris Bay Tower

Tram Depot Dubai is the nearest, accessible within 13-minute, by car. Also, Palm Jumeirah Tram Station is located at a 17-minute drive from Iris Bay, Dubai.

Restaurants near Iris Bay Tower  

As Business Bay is a bustling area, it is home to many restaurants ranging from a variety of price points and cuisines. 

Casual dining restaurants near Iris Bay:

  • Crumby Breakfast & Pizza
  • Sandwichy Restaurant
  • IL Gazebo
  • Healthy Little Secrets

Fine dining restaurants near Iris Bay:

  • Hotel Cartagena 
  • Masala Library by Jiggs Kalra
  • Tong Thai 
  • Prime 68 
  • Weslodge Saloon
  • Waka Restaurant & Bar
  • Ananta
  • Nine7One

As the JW Marriott Marquis Hotel is located opposite Iris Bay, the fine-dining options are quite close by. Hotel Cartagena is one of the most popular Latin American fine-dining restaurants in Dubai. Masala Library by Jiggs Kalra is an Indian restaurant which specializes in molecular gastronomy. Tong Thai is a popular date night spot.

Prime 69 and Weslodge Saloon are upscale American steakhouses, both offering fantastic views of the Dubai skyline. For those looking for sandwich shops in Dubai can find Sandwichy Restaurant, just 4-minute walk away. Also, Healthy Little Secrets is one of the top healthy restaurants in Dubai, available at a 3-minute walking distance.

The Oberoi, Dubai is also located in proximity to Iris Bay, it features a few award-winning restaurants. Waka Restaurant & Bar serves Latin American, Peruvian and Japanese cuisine. Ananta, one of the best restaurants in Business Bay Dubai, is known for its North Indian menu while Nine7One is popular for its international buffets and brunches. 

Nightlife options near Iris Tower, Business Bay:

  • Vault 
  • Seven Sisters
  • 1 Oak Dubai
  • The Lobby Bar 
  • Iris Dubai 

Known to have some of the best views of the city, the Vault bar is located on the 71st and 72nd floor of the JW Marriott Marquis Hotel. Seven Sisters is a lounge located a few floors below Vault, it serves Asian food and is a popular spot for happy hour and ladies night. 1 Oak Dubai is the only night club in the JW Marriott Marquis Hotel, it is a popular nightlife spot in Business Bay. 

The Lobby Bar and Iris Dubai are well-known bars in The Oberoi, Dubai, both offer a small food menu as well. 

Nearby Buildings

Iris Tower, Business Bay is close to many other commercial buildings, if you are looking to live close to the tower you can consider renting an apartment in Ontario Tower

Things to Consider 

While Iris Bay Tower, Business Bay is an excellent location to own or rent an office or shop it does not offer visitor parking, which is something to consider. 

Are you looking to buy or rent property in Iris Bay Tower, Business Bay?

RATINGS & REVIEWS

Reviews are not available currently for this building

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