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2-bed · 1,463 sqftSanibel, Dubai Marina · 16th floor · completed 2010

1603, Sanibel

Sold prices and rental history: sold 3 times, last in December 2017, and rented once, from July 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 20 December 2017
Last soldAED 2.37M20 December 2017
Current rentAED 140K /yr15 July 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1603, Sanibel

What is 1603 worth today?

Last sold for AED 2,365,000 in 2017

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20 Dec 2017SoldReady
AED 2,365,000AED 1,616 per sqft
15 Jul 2013RentedNew contract
AED 140,000/yr12 months · AED 96 per sqft
20 Feb 2011SoldReady
AED 1,863,888AED 1,273 per sqft
2 Mar 2010Sold by developerOff-plan
AED 1,863,888AED 1,273 per sqft

Source: Dubai Land Department. Updated 20 December 2017.

Key facts

Type
2-bed apartment
Size
1,463 sqft
Floor
16th of 27
Parking
G-G005
Developer
Emaar
Completed
2010
Service charge
AED 15,300 /yr
Last sold
AED 2.37M · December 2017
Building
Sanibel

About 1603, Sanibel

1603 is a two-bedroom apartment of 1,463 sqft on the 16th floor of Sanibel, a 27-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 20 December 2017 for AED 2,365,000, or AED 1,616 per sqft.

One Ejari contract is registered, from 15 July 2013. The current contract, signed on 15 July 2013, is AED 140,000 a year: a gross yield of 5.9% on the 2017 price, before the service charge of about AED 15,300 a year.

Sales and rents for 1603 over time

Sales
Unit 1603, 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 1,863,888 (AED 1,273 per sqft)Sold, February 2011: AED 1,863,888 (AED 1,273 per sqft)Sold, December 2017: AED 2,365,000 (AED 1,616 per sqft)

1603 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1603, each contractTypical two-bed in Sanibel
100K125K150K2012201620202024Typical 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, July 2013: AED 140,000 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 1603 sits

All 52 2-beds →

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. 1603's AED 140,000 is in the lower half 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 16th floor

All 163 units in Sanibel
Value
16011-bedAED 1.04M · Jun 2011
16022-bedAED 1.56M · Jul 2011
16041-bedAED 867K · Mar 2012
16051-bedAED 1.45M · Feb 2025
16061-bedAED 1.05M · Nov 2011

1603, Sanibel in numbers

  • Sold 3 times: first on 2 March 2010 for AED 1,863,888, last on 20 December 2017 for AED 2,365,000 (AED 1,616 per sqft).
  • Rented since July 2013 on one Ejari contract, at AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2017 price is 5.9%, before a service charge of about AED 15,300 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 20 December 2017.

Questions about 1603, Sanibel

What did unit 1603 last sell for?

AED 2,365,000 on 20 December 2017: AED 1,616 per sqft for 1,463 sqft. The unit has 3 registered sales; the first was AED 1,863,888 in March 2010.

What is the rent for unit 1603?

AED 140,000 a year on the contract signed on 15 July 2013.

How big is unit 1603?

1,463 sqft (135.9 sqm): a two-bedroom apartment on the 16th floor of a 27-storey tower completed in 2010.

What is unit 1603 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 1603, Sanibel

Starts from the last sale price (AED 2.37M, 20 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,365,000
Deposit, UAE resident (20%)
AED 473,000
Deposit, non-resident (40%)
AED 946,000
Monthly over 25 years at 3.7%
AED 9,676

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