2-bed · 1,361 sqftSanibel, Dubai Marina · 23rd floor · completed 2010

2302, Sanibel

Sold prices and rental history: sold twice, last in December 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2302 · DLD and Ejari recordsUpdated 1 July 2023
Last soldAED 1.35M21 December 2010
Current rentAED 239K /yr1 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2302, Sanibel

What is 2302 worth today?

Last sold for AED 1,350,000 in 2010

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1 Jul 2023RentedRenewal
AED 239,143/yr6 months · AED 176 per sqft
1 Jul 2023RentedNew contract
AED 112,929/yr6 months · AED 83 per sqft
1 Jul 2022RentedRenewal
AED 112,500/yr12 months · AED 83 per sqft
1 Jul 2021RentedRenewal
AED 105,000/yr12 months · AED 77 per sqft
1 Jul 2020RentedRenewal
AED 108,000/yr12 months · AED 80 per sqft
1 Jul 2019RentedRenewal
AED 120,000/yr12 months · AED 88 per sqft
1 Jul 2018RentedRenewal
AED 135,000/yr12 months · AED 100 per sqft
1 Jul 2017RentedNew contract
AED 140,000/yr12 months · AED 103 per sqft

Source: Dubai Land Department. Updated 1 July 2023.

Key facts

Type
2-bed apartment
Size
1,361 sqft
Floor
23rd of 27
Parking
P1-1191
Developer
Emaar
Completed
2010
Service charge
AED 14,200 /yr
Last sold
AED 1.35M · December 2010
Building
Sanibel

About 2302, Sanibel

2302 is a two-bedroom apartment of 1,361 sqft on the 23rd floor of Sanibel, a 27-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 21 December 2010 for AED 1,350,000, or AED 991 per sqft, 4% below the AED 1,029 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 13 Ejari contracts. The current contract, renewed on 1 July 2023, is AED 239,143 a year: a gross yield of 17.7% on the 2010 price, before the service charge of about AED 14,200 a year.

Sales and rents for 2302 over time

Sales
Unit 2302, 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 1,496,888 (AED 1,099 per sqft)Sold, December 2010: AED 1,350,000 (AED 991 per sqft)

2302 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2302, each contractTypical two-bed in Sanibel
100K200K2012201620202024Typical 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, December 2012: AED 130,000 a yearRenewal, December 2013: AED 130,000 a yearRenewal, December 2014: AED 130,000 a yearRenewal, December 2015: AED 140,000 a yearNew contract, December 2015: AED 140,000 a yearNew contract, July 2017: AED 140,000 a yearRenewal, July 2018: AED 135,000 a yearRenewal, July 2019: AED 120,000 a yearRenewal, July 2020: AED 108,000 a yearRenewal, July 2021: AED 105,000 a yearRenewal, July 2022: AED 112,500 a yearRenewal, July 2023: AED 239,143 a yearNew contract, July 2023: AED 112,929 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 2302 sits

All 52 2-beds →

2302 last sold in December 2010 at AED 991 per sqft, 4% below what two-beds in Sanibel were fetching at the time (AED 1,029). 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. 2302's AED 239,143 is at the top 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 23rd floor

All 163 units in Sanibel
Value
23011-bedAED 900K · Nov 2019
23032-bedAED 2.25M · Feb 2016
23041-bedAED 902K · Mar 2010
23051-bedAED 913K · Jun 2013
23061-bedAED 1.52M · Jan 2023

2302, Sanibel in numbers

  • Sold twice: first on 2 March 2010 for AED 1,496,888, last on 21 December 2010 for AED 1,350,000 (AED 991 per sqft).
  • Rented since December 2012 on 13 Ejari contracts. The rent fell from AED 130,000 to AED 105,000 in 2021 and recovered to AED 239,143 by July 2023.
  • At AED 239,143 a year the gross yield on the 2010 price is 17.7%, 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 1 July 2023.

Questions about 2302, Sanibel

What did unit 2302 last sell for?

AED 1,350,000 on 21 December 2010: AED 991 per sqft for 1,361 sqft. The unit has 2 registered sales; the first was AED 1,496,888 in March 2010.

What is the rent for unit 2302?

AED 239,143 a year on the contract renewed on 1 July 2023. The previous contract, from July 2023, was AED 112,929; the unit has been rented since December 2012.

How big is unit 2302?

1,361 sqft (126.4 sqm): a two-bedroom apartment on the 23rd floor of a 27-storey tower completed in 2010.

What is unit 2302 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 2302, Sanibel

Starts from the last sale price (AED 1.35M, 21 December 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

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