2-bed · 1,463 sqftSanibel, Dubai Marina · 23rd floor · completed 2010

2303, Sanibel

Sold prices and rental history: sold 3 times, last in February 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2303 · DLD and Ejari recordsUpdated 4 July 2024
Last soldAED 2.25M17 February 2016
Current rentAED 165K /yr4 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2303, Sanibel

What is 2303 worth today?

Last sold for AED 2,250,000 in 2016

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4 Jul 2024RentedNew contract
AED 165,000/yr12 months · AED 113 per sqft
4 Jul 2024RentedNew contract
AED 165,000/yr12 months · AED 113 per sqft
2 Nov 2023RentedRenewal
AED 162,500/yr12 months · AED 111 per sqft
2 Nov 2022RentedNew contract
AED 155,000/yr12 months · AED 106 per sqft
13 Oct 2021RentedRenewal
AED 115,000/yr12 months · AED 79 per sqft
13 Oct 2020RentedNew contract
AED 100,000/yr12 months · AED 68 per sqft
1 Sep 2019RentedNew contract
AED 120,000/yr12 months · AED 82 per sqft
1 Mar 2018RentedNew contract
AED 160,000/yr12 months · AED 109 per sqft

Source: Dubai Land Department. Updated 4 July 2024.

Key facts

Type
2-bed apartment
Size
1,463 sqft
Floor
23rd of 27
Parking
G-G032
Developer
Emaar
Completed
2010
Service charge
AED 15,300 /yr
Last sold
AED 2.25M · February 2016
Building
Sanibel

About 2303, Sanibel

2303 is a two-bedroom apartment of 1,463 sqft on the 23rd floor of Sanibel, a 27-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 17 February 2016 for AED 2,250,000, or AED 1,537 per sqft, 14% below the AED 1,783 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 4 July 2024, is AED 165,000 a year: a gross yield of 7.3% on the 2016 price, before the service charge of about AED 15,300 a year.

Sales and rents for 2303 over time

Sales
Unit 2303, 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 1,806,888 (AED 1,235 per sqft)Sold, January 2011: AED 1,806,888 (AED 1,235 per sqft)Sold, February 2016: AED 2,250,000 (AED 1,537 per sqft)

2303 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2303, each contractTypical two-bed in Sanibel
100K150K2012201620202024Typical 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, October 2013: AED 160,000 a yearNew contract, January 2017: AED 170,000 a yearNew contract, March 2018: AED 160,000 a yearNew contract, September 2019: AED 120,000 a yearNew contract, October 2020: AED 100,000 a yearRenewal, October 2021: AED 115,000 a yearNew contract, November 2022: AED 155,000 a yearRenewal, November 2023: AED 162,500 a yearNew contract, July 2024: AED 165,000 a yearNew contract, July 2024: AED 165,000 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 2303 sits

All 52 2-beds →

2303 last sold in February 2016 at AED 1,537 per sqft, 14% below what two-beds in Sanibel were fetching at the time (AED 1,783). 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. 2303's AED 165,000 is in the upper 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 23rd floor

All 163 units in Sanibel
Value
23011-bedAED 900K · Nov 2019
23022-bedAED 1.35M · Dec 2010
23041-bedAED 902K · Mar 2010
23051-bedAED 913K · Jun 2013
23061-bedAED 1.52M · Jan 2023

2303, Sanibel in numbers

  • Sold 3 times: first on 2 March 2010 for AED 1,806,888, last on 17 February 2016 for AED 2,250,000 (AED 1,537 per sqft).
  • Rented since October 2013 on 10 Ejari contracts. The rent fell from AED 160,000 to AED 100,000 in 2020 and recovered to AED 165,000 by July 2024.
  • At AED 165,000 a year the gross yield on the 2016 price is 7.3%, 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 4 July 2024.

Questions about 2303, Sanibel

What did unit 2303 last sell for?

AED 2,250,000 on 17 February 2016: AED 1,537 per sqft for 1,463 sqft. The unit has 3 registered sales; the first was AED 1,806,888 in March 2010.

What is the rent for unit 2303?

AED 165,000 a year on the contract signed on 4 July 2024. The previous contract, from July 2024, was AED 165,000; the unit has been rented since October 2013.

How big is unit 2303?

1,463 sqft (135.9 sqm): a two-bedroom apartment on the 23rd floor of a 27-storey tower completed in 2010.

What is unit 2303 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 2303, Sanibel

Starts from the last sale price (AED 2.25M, 17 February 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,250,000
Deposit, UAE resident (20%)
AED 450,000
Deposit, non-resident (40%)
AED 900,000
Monthly over 25 years at 3.7%
AED 9,205

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