Iranian sportsmen and sportswomen claimed 36 gold, 23 silver and 59 bronze medals.
The host nation, Turkmenistan, topped the medal tally with 89 gold, 70 silver and 86 bronze medals.
China placed second in the standings with 42 gold, 32 silver and 23 bronze.
Olympic Council of Asia president Sheikh Ahmad Al Fahad Al Sabah offered his thanks to Turkmenistan president Gurbanguly Berdimuhamedow for hosting a fantastic Games, and he also took time to thank the hundreds of journalists who covered the sports with 65 participating countries.
"The world has come to Ashgabat, and you have taken Ashgabat to the world," said Al Sabah. "Mr. President, this has been an incredible journey. Thank you for inviting us to Ashgabat. This is the end of the Games, but not the end of our friendship and partnership."
Iranian athletes won gold medals, as follow:
Men’s 60m: Hassan Taftian
Ju-jitsu: Masoud Jalilvand
Men's Team Sprint
Men's Snooker Team
Men’s Futsal Team
Chess Women’s Blitz Team Under-23
Taekwondo: Mahdi Eshaghi (Men’s -54kg), Mahdi Jalali (Men’s -74kg), Soroush Ahmadi (Men's -63kg), Saeid Rajabi (Men's -87kg), Erfan Nazemi (Men's -80kg), Parisa Javadi Kouchaksaraei (Women's -62kg) and Marjan Salahshouri (Women's Individual Poomsae)
Kickboxing: Shahnaz Mirheydari (Women's Point Fighting -55kg), Omid Ahmadisafa (Men's Low Kick -51kg), Mostafa Pourfaraj (Men's Point Fighting -69kg), Mahmoud Sattari (Men's Low Kick -81kg) and Mahmoud Farajpour (Men's Point Fighting -79kg).
Kurash: Behzad Vahdani (Men's -60kg)
Belt Wrestling: Ahmad Mirzapour (Men's Pahlavani +90kg), Mohammad Naderi (Men's Pahlavani -70kg), Arash Mohebi (Men's Pahlavani -90kg), Zahra Yazdani (Women's Alysh Classic -55kg)
Muaythai: Ali Zarinfar (Men's -60kg), Keivan Soleymani (Men's -75kg) and Majid Hashembeigi (Men's -81kg),
Weightlifting: Sohrab Moradi (Men’s 94kg)
Freestyle Wrestling: Motaba Goleij (Men's Freestyle -97 kg), Ezzatollah Akbari (Men's Freestyle -86 kg) and Iman Sadeghi (Men's Freestyle -61 kg)
Greco-Roman Wrestling: Behnam Mehdizadeh (Men's Greco-Roman 130kg), Farshad Belfake (Men's Greco-Roman -71kg), Pejman Poshtam (Men's Greco-Roman -75kg), Mahdi Ebrahimi (Men's Greco-Roman -80kg), Saman Azizi (Men's Greco-Roman -85kg) and Amirhossein Hosseini (Men's Greco-Roman -98kg).
The 2017 Asian Indoor and Martial Arts Games kicked off in Turkmenistan’s capital last Saturday.
More than 6,000 athletes and team officials represented 65 countries in the games.