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2-bed · 1,361 sqftSanibel, Dubai Marina · 24th floor · completed 2010

2402, Sanibel

Sold prices and rental history: sold 4 times, last in January 2022, and rented once, from October 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2402 · DLD and Ejari recordsUpdated 4 January 2022
Last soldAED 2.4M4 January 2022
Current rentAED 145K /yr31 October 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2402, Sanibel

What is 2402 worth today?

Last sold for AED 2,400,000 in 2022

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4 Jan 2022SoldReady
AED 2,400,000AED 1,763 per sqft
31 Oct 2017RentedNew contract
AED 145,000/yr12 months · AED 107 per sqft
10 Feb 2014SoldReady
AED 2,300,000AED 1,689 per sqft
27 Jan 2011SoldReady
AED 1,508,888AED 1,108 per sqft
2 Mar 2010Sold by developerOff-plan
AED 1,508,888AED 1,108 per sqft

Source: Dubai Land Department. Updated 4 January 2022.

Key facts

Type
2-bed apartment
Size
1,361 sqft
Floor
24th of 27
Parking
P1-1192
Developer
Emaar
Completed
2010
Service charge
AED 14,200 /yr
Last sold
AED 2.4M · January 2022
Building
Sanibel

About 2402, Sanibel

2402 is a two-bedroom apartment of 1,361 sqft on the 24th floor of Sanibel, a 27-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 4 January 2022 for AED 2,400,000, or AED 1,763 per sqft, 17% above the AED 1,503 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 31 October 2017. The current contract, signed on 31 October 2017, is AED 145,000 a year: a gross yield of 6.0% on the 2022 price, before the service charge of about AED 14,200 a year.

Sales and rents for 2402 over time

Sales
Unit 2402, 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 1,508,888 (AED 1,108 per sqft)Sold, January 2011: AED 1,508,888 (AED 1,108 per sqft)Sold, February 2014: AED 2,300,000 (AED 1,689 per sqft)Sold, January 2022: AED 2,400,000 (AED 1,763 per sqft)

2402 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2402, 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, October 2017: AED 145,000 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 2402 sits

All 52 2-beds →

2402 last sold in January 2022 at AED 1,763 per sqft, 17% above what two-beds in Sanibel were fetching at the time (AED 1,503). 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. 2402's AED 145,000 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 24th floor

All 163 units in Sanibel
Value
24011-bedAED 1.95M · Jan 2024
24032-bedAED 1.48M · Feb 2011
24041-bedAED 907K · Mar 2010
24051-bedAED 1.4M · Mar 2014
24061-bedAED 1.28M · Jul 2011

2402, Sanibel in numbers

  • Sold 4 times: first on 2 March 2010 for AED 1,508,888, last on 4 January 2022 for AED 2,400,000 (AED 1,763 per sqft).
  • Rented since October 2017 on one Ejari contract, at AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2022 price is 6.0%, 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 4 January 2022.

Questions about 2402, Sanibel

What did unit 2402 last sell for?

AED 2,400,000 on 4 January 2022: AED 1,763 per sqft for 1,361 sqft. The unit has 4 registered sales; the first was AED 1,508,888 in March 2010.

What is the rent for unit 2402?

AED 145,000 a year on the contract signed on 31 October 2017.

How big is unit 2402?

1,361 sqft (126.4 sqm): a two-bedroom apartment on the 24th floor of a 27-storey tower completed in 2010.

What is unit 2402 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 2402, Sanibel

Starts from the last sale price (AED 2.4M, 4 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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