2-bed · 1,463 sqftSanibel, Dubai Marina · 26th floor · completed 2010

2603, Sanibel

Sold prices and rental history: sold 3 times, last in April 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2603 · DLD and Ejari recordsUpdated 4 April 2024
Last soldAED 2.55M4 April 2024
Current rentAED 150K /yr10 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2603, Sanibel

What is 2603 worth today?

Last sold for AED 2,550,000 in 2024

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4 Apr 2024SoldReady
AED 2,550,000AED 1,742 per sqft
10 Sep 2023RentedRenewal
AED 150,000/yr9 months · AED 102 per sqft
10 Sep 2022RentedNew contract
AED 150,000/yr12 months · AED 102 per sqft
26 Nov 2019RentedNew contract
AED 125,000/yr12 months · AED 85 per sqft
25 Jun 2018RentedNew contract
AED 137,000/yr12 months · AED 94 per sqft
28 May 2017RentedNew contract
AED 170,000/yr12 months · AED 116 per sqft
28 May 2015RentedNew contract
AED 170,000/yr12 months · AED 116 per sqft
13 Mar 2011SoldReady
AED 1,495,888AED 1,022 per sqft

Source: Dubai Land Department. Updated 4 April 2024.

Key facts

Type
2-bed apartment
Size
1,463 sqft
Floor
26th of 27
Parking
P1-1155
Developer
Emaar
Completed
2010
Service charge
AED 15,300 /yr
Last sold
AED 2.55M · April 2024
Building
Sanibel

About 2603, Sanibel

2603 is a two-bedroom apartment of 1,463 sqft on the 26th floor of Sanibel, a 27-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 4 April 2024 for AED 2,550,000, or AED 1,742 per sqft, 12% above the AED 1,555 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 10 September 2023, is AED 150,000 a year: a gross yield of 5.9% on the 2024 price, before the service charge of about AED 15,300 a year.

Sales and rents for 2603 over time

Sales
Unit 2603, 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 1,495,888 (AED 1,022 per sqft)Sold, March 2011: AED 1,495,888 (AED 1,022 per sqft)Sold, April 2024: AED 2,550,000 (AED 1,742 per sqft)

2603 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2603, 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, May 2015: AED 170,000 a yearNew contract, May 2017: AED 170,000 a yearNew contract, June 2018: AED 137,000 a yearNew contract, November 2019: AED 125,000 a yearNew contract, September 2022: AED 150,000 a yearRenewal, September 2023: AED 150,000 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 2603 sits

All 52 2-beds →

2603 last sold in April 2024 at AED 1,742 per sqft, 12% above what two-beds in Sanibel were fetching at the time (AED 1,555). 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. 2603's AED 150,000 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 26th floor

All 163 units in Sanibel
Value
26011-bedAED 1.46M · May 2013
26022-bedAED 2.93M · Jan 2025
26041-bedAED 2.21M · Nov 2014
26051-bedAED 1.1M · May 2018
26061-bedAED 1.73M · Nov 2023

2603, Sanibel in numbers

  • Sold 3 times: first on 2 March 2010 for AED 1,495,888, last on 4 April 2024 for AED 2,550,000 (AED 1,742 per sqft).
  • Rented since May 2015 on 6 Ejari contracts. The rent fell from AED 170,000 to AED 125,000 in 2019 and recovered to AED 150,000 by September 2023.
  • At AED 150,000 a year the gross yield on the 2024 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 4 April 2024.

Questions about 2603, Sanibel

What did unit 2603 last sell for?

AED 2,550,000 on 4 April 2024: AED 1,742 per sqft for 1,463 sqft. The unit has 3 registered sales; the first was AED 1,495,888 in March 2010.

What is the rent for unit 2603?

AED 150,000 a year on the contract renewed on 10 September 2023. The previous contract, from September 2022, was AED 150,000; the unit has been rented since May 2015.

How big is unit 2603?

1,463 sqft (135.9 sqm): a two-bedroom apartment on the 26th floor of a 27-storey tower completed in 2010.

What is unit 2603 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 2603, Sanibel

Starts from the last sale price (AED 2.55M, 4 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,550,000
Deposit, UAE resident (20%)
AED 510,000
Deposit, non-resident (40%)
AED 1,020,000
Monthly over 25 years at 3.7%
AED 10,433

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