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2-bed · 1,361 sqftSanibel, Dubai Marina · 15th floor · completed 2010

1502, Sanibel

Sold prices and rental history: sold twice, last in July 2011, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1502 · DLD and Ejari recordsUpdated 15 June 2015
Last soldAED 1.4M18 July 2011
Current rentAED 50K /yr15 June 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1502, Sanibel

What is 1502 worth today?

Last sold for AED 1,400,888 in 2011

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15 Jun 2015RentedNew contract
AED 50,000/yr12 months · AED 37 per sqft
15 Jun 2013RentedNew contract
AED 130,000/yr12 months · AED 96 per sqft
18 Jul 2011SoldReady
AED 1,400,888AED 1,029 per sqft
2 Mar 2010Sold by developerOff-plan
AED 1,400,888AED 1,029 per sqft

Source: Dubai Land Department. Updated 15 June 2015.

Key facts

Type
2-bed apartment
Size
1,361 sqft
Floor
15th of 27
Parking
P1-1173
Developer
Emaar
Completed
2010
Service charge
AED 14,200 /yr
Last sold
AED 1.4M · July 2011
Building
Sanibel

About 1502, Sanibel

1502 is a two-bedroom apartment of 1,361 sqft on the 15th floor of Sanibel, a 27-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 18 July 2011 for AED 1,400,888, or AED 1,029 per sqft, in line with the AED 1,038 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 15 June 2015, is AED 50,000 a year: a gross yield of 3.6% on the 2011 price, before the service charge of about AED 14,200 a year.

Sales and rents for 1502 over time

Sales
Unit 1502, each saleTypical two-bed in Sanibel
2M3M2009201420192024Typical sale price by year: 2009 AED 1,613,888; 2010 AED 1,448,888; 2011 AED 1,471,444; 2012 AED 1,610,000; 2013 AED 2,025,000; 2014 AED 2,425,000; 2016 AED 2,425,000; 2020 AED 1,550,000; 2021 AED 2,070,000; 2022 AED 2,400,000; 2024 AED 2,825,000; 2025 AED 2,832,500Sold by developer, March 2010: AED 1,400,888 (AED 1,029 per sqft)Sold, July 2011: AED 1,400,888 (AED 1,029 per sqft)

1502 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1502, each contractTypical two-bed in Sanibel
50K100K150K2012201620202024Typical rent by year: 2012 AED 115,500; 2013 AED 130,000; 2014 AED 149,599; 2015 AED 160,000; 2016 AED 160,000; 2017 AED 150,000; 2018 AED 140,000; 2019 AED 122,000; 2020 AED 110,000; 2021 AED 108,077; 2022 AED 120,000; 2023 AED 138,000; 2024 AED 145,200; 2025 AED 155,000; 2026 AED 150,000New contract, June 2013: AED 130,000 a yearNew contract, June 2015: AED 50,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Sanibel, and where 1502 sits

All 52 2-beds →

1502 last sold in July 2011 at AED 1,029 per sqft, in line with what two-beds in Sanibel were fetching at the time (AED 1,038). Over the last 12 months two-beds sold for AED 2,750,000, around AED 2,020 per sqft, and rent for AED 120,000 to 175,000 a year. 1502's AED 50,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Nov 20252,750,000
16 Jul 20252,915,000
13 Mar 20252,438,820
29 Jan 20252,925,000
1 2-bed sale in the last 12 months

Sanibel

Building

163 apartments, 1-bed to 2-bed over 27 floors in Dubai Marina, completed in 2010 by Emaar. 14 sold in the last 12 months.

Typical price per sqft
AED 2,020 Down 6.0%
Typical sale
AED 1.88M
Typical rent
AED 110K /yr
Typical yield
5.6%
Sanibel, Dubai Marina: prices, sales and rents →

Other units on the 15th floor

All 163 units in Sanibel
Value
15011-bedAED 1.41M · Sep 2021
15032-bedAED 1.53M · Jul 2011
15041-bedAED 862K · Jan 2011
15051-bedAED 812K · Mar 2010
15061-bedAED 1.5M · Sep 2022

1502, Sanibel in numbers

  • Sold twice: first on 2 March 2010 for AED 1,400,888, last on 18 July 2011 for AED 1,400,888 (AED 1,029 per sqft).
  • Rented since June 2013 on 2 Ejari contracts, from AED 130,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2011 price is 3.6%, before a service charge of about AED 14,200 a year (AED 10.47 per sqft).
  • Two-beds in Sanibel sold for AED 2,750,000–2,750,000 in the 12 months to November 2026; the building's median across all types is AED 2,020 per sqft.

Source: Dubai Land Department. Updated 15 June 2015.

Questions about 1502, Sanibel

What did unit 1502 last sell for?

AED 1,400,888 on 18 July 2011: AED 1,029 per sqft for 1,361 sqft. The unit has 2 registered sales; the first was AED 1,400,888 in March 2010.

What is the rent for unit 1502?

AED 50,000 a year on the contract signed on 15 June 2015. The previous contract, from June 2013, was AED 130,000.

How big is unit 1502?

1,361 sqft (126.4 sqm): a two-bedroom apartment on the 15th floor of a 27-storey tower completed in 2010.

What is unit 1502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Sanibel sold for AED 2,750,000 to 2,750,000 in the last 12 months, around AED 2,020 per sqft.

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Mortgage on 1502, Sanibel

Starts from the last sale price (AED 1.4M, 18 July 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,888
Deposit, UAE resident (20%)
AED 280,178
Deposit, non-resident (40%)
AED 560,355
Monthly over 25 years at 3.7%
AED 5,731

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →