The Cherries delivered a disciplined display to earn a valuable result against the Etihad Stadium giants as they continued their strong push for European qualification.
Despite frustrating the visitors, Iraola was quick to acknowledge the quality and achievements of the Manchester City manager.
"Pep is the top of the top. He has won everything. It was a difficult game for them, they played three days ago with the tension of a final,” Iraola told Premier League website.
“We made them play a difficult game and they were obviously tired but they have this quality. It makes it even more nice when you play like this against an opposition that are so good.
The point kept Bournemouth firmly in the race for European football, with Iraola now hoping his side can push even higher in the closing weeks of the campaign.
"We have a special group of players. They are consistent and always there,” he continued.
“Right now there is nothing about my future in my head, I just want to celebrate and push it. We have Europa League, next let's maximise our options. Can we take the last Champions League spot?
"I still don't know where I will go but I'm in no rush, let's finish on a high."