Iris Bay

TL;DR Summary: • A prestigious 35-storey curvilinear commercial skyscraper developed by Sheth Estate. • Features a unique "crescent-moon" architectural design housing approximately 202 units. • Offers Grade A commercial office spaces and high-visibility ground-floor retail. • Successfully completed in 2015, serving as a landmark corporate address in Business Bay. • Boasts elite business amenities including six high-speed elevators and 920 parking spaces.

Project Overview: Iris Bay, also widely recognized as the Sheth Tower, is an extraordinary and iconic commercial skyscraper situated along the most prestigious stretch of Sheikh Zayed Road in Business Bay. Masterfully developed by the visionary Sheth Estate International and successfully completed in late 2015, this 170-meter (35-storey) tower is a physical testament to quality corporate real estate. Designed by the internationally acclaimed firm WS Atkins & Partners—the architects behind the Burj Al Arab—the tower features a striking ovoid facade meticulously engineered to maximize natural ventilation and energy efficiency. It serves as a prestigious corporate sanctuary for multinational firms and professional boutiques, offering a sophisticated business environment that merges cutting-edge design with unmatched accessibility to Dubai's commercial corridor.

Commercial Specifications and Unit Types: The high-performance development houses exactly 202 meticulously crafted commercial and retail units optimized for business growth. Prospective tenants and investors can choose from well-appointed fitted office suites (~1,200 to 2,500 sqft), generous shell-and-core units, and expansive full-floor plates reaching up to 10,300 sqft. Every workspace is delivered with high-speed fiber-optic connectivity, advanced building management systems, and floor-to-ceiling windows that offer spectacular 360-degree views of the Dubai Water Canal and the city skyline. Current market valuations price office units starting from approximately AED 1.9 million for sales, representing a robust investment with consistently high occupancy rates and rental yields of up to 8%.

World-Class Business Amenities: Sheth Estate has equipped Iris Bay with a suite of exceptional facilities designed for operational excellence. The building is anchored by its spectacular main lobby featuring professional reception and concierge services. Health and productivity are prioritized with an exclusive on-site fitness center, swimming pool, and professional spa facilities. Unique business features include six high-speed elevators and exactly 920 secure covered parking spaces spread across 3 basement and 3 podium levels. Convenience is maximized with a vibrant ground-floor retail layer hosting a 7-Eleven and various artisanal cafes. Security is paramount, featuring 24-hour personnel and comprehensive CCTV monitoring across the entire premises.

Exceptional Strategic Connectivity: Logistically, Iris Bay offers an unparalleled strategic advantage in the heart of "New Dubai." Positioned flawlessly near the intersection of Sheikh Zayed Road (E11) and the Dubai Water Canal, residents and staff benefit from rapid, traffic-free access to major landmarks. The building is situated within short walking distance of the Business Bay Metro Station, ensuring effortless city-wide access. The development provides rapid access to major business hubs like DIFC and Downtown Dubai within 5-to-10 minutes. Surrounded by world-class corporate headquarters and world-renowned dining hubs, Iris Bay stands as the ultimate corporate sanctuary for businesses who wish to be at the heartbeat of Dubai's global economic power.