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1-bed · 1,052 sqftSanibel, Dubai Marina · 5th floor · completed 2010

504, Sanibel

Sold prices and rental history: sold twice, last in July 2022, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 6 July 2022
Last soldAED 1.43M6 July 2022
Current rentAED 75K /yr1 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 504, Sanibel

What is 504 worth today?

Last sold for AED 1,425,000 in 2022

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6 Jul 2022SoldReady
AED 1,425,000AED 1,354 per sqft
1 Jul 2021RentedNew contract
AED 75,000/yr12 months · AED 71 per sqft
28 Nov 2019RentedNew contract
AED 85,000/yr12 months · AED 81 per sqft
28 Nov 2017RentedNew contract
AED 115,000/yr12 months · AED 109 per sqft
2 Mar 2010Sold by developerOff-plan
AED 811,888AED 771 per sqft

Source: Dubai Land Department. Updated 6 July 2022.

Key facts

Type
1-bed apartment
Size
1,052 sqft
Floor
5th of 27
Parking
P2-2183
Developer
Emaar
Completed
2010
Service charge
AED 11,000 /yr
Last sold
AED 1.43M · July 2022
Building
Sanibel

About 504, Sanibel

504 is a one-bedroom apartment of 1,052 sqft on the 5th floor of Sanibel, a 27-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 6 July 2022 for AED 1,425,000, or AED 1,354 per sqft, in line with the AED 1,374 one-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 1 July 2021, is AED 75,000 a year: a gross yield of 5.3% on the 2022 price, before the service charge of about AED 11,000 a year.

Sales and rents for 504 over time

Sales
Unit 504, each saleTypical one-bed in Sanibel
1M2M2009201420192024Typical sale price by year: 2009 AED 896,888; 2010 AED 866,888; 2011 AED 848,888; 2012 AED 950,000; 2013 AED 1,235,944; 2014 AED 1,640,000; 2015 AED 954,222; 2016 AED 1,385,000; 2017 AED 1,240,000; 2018 AED 1,400,000; 2019 AED 1,017,500; 2020 AED 950,000; 2021 AED 1,150,901; 2022 AED 1,500,000; 2023 AED 1,610,000; 2024 AED 1,930,000; 2025 AED 1,995,000; 2026 AED 1,875,000Sold by developer, March 2010: AED 811,888 (AED 771 per sqft)Sold, July 2022: AED 1,425,000 (AED 1,354 per sqft)

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

Rents
Unit 504, each contractTypical one-bed in Sanibel
80K100K120K2012201620202024Typical rent by year: 2012 AED 85,000; 2013 AED 90,000; 2014 AED 106,000; 2015 AED 110,000; 2016 AED 106,572; 2017 AED 105,005; 2018 AED 94,000; 2019 AED 85,000; 2020 AED 75,000; 2021 AED 73,000; 2022 AED 78,500; 2023 AED 91,850; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 100,000New contract, November 2017: AED 115,000 a yearNew contract, November 2019: AED 85,000 a yearNew contract, July 2021: AED 75,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Sanibel, and where 504 sits

All 111 1-beds →

504 last sold in July 2022 at AED 1,354 per sqft, in line with what one-beds in Sanibel were fetching at the time (AED 1,374). Over the last 12 months one-beds sold for AED 1,350,000 to 2,000,000, around AED 2,040 per sqft, and rent for AED 50,000 to 170,000 a year. 504's AED 75,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
21 Sep 20262,000,000
18 Sep 20261,875,000
3 Sep 20261,950,000
30 Jul 202612,787
13 1-bed sales 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 5th floor

All 163 units in Sanibel
Value
5011-bedAED 1.1M · Mar 2013
5022-bedAED 2.35M · Dec 2016
5032-bedAED 1.38M · Feb 2011
5051-bedAED 648K · Feb 2011
5061-bedAED 999K · Mar 2012

504, Sanibel in numbers

  • Sold twice: first on 2 March 2010 for AED 811,888, last on 6 July 2022 for AED 1,425,000 (AED 1,354 per sqft).
  • Rented since November 2017 on 3 Ejari contracts, from AED 115,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2022 price is 5.3%, before a service charge of about AED 11,000 a year (AED 10.47 per sqft).
  • One-beds in Sanibel sold for AED 1,350,000–2,000,000 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 6 July 2022.

Questions about 504, Sanibel

What did unit 504 last sell for?

AED 1,425,000 on 6 July 2022: AED 1,354 per sqft for 1,052 sqft. The unit has 2 registered sales; the first was AED 811,888 in March 2010.

What is the rent for unit 504?

AED 75,000 a year on the contract signed on 1 July 2021. The previous contract, from November 2019, was AED 85,000; the unit has been rented since November 2017.

How big is unit 504?

1,052 sqft (97.7 sqm): a one-bedroom apartment on the 5th floor of a 27-storey tower completed in 2010.

What is unit 504 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Sanibel sold for AED 1,350,000 to 2,000,000 in the last 12 months, around AED 2,040 per sqft.

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Mortgage on 504, Sanibel

Starts from the last sale price (AED 1.43M, 6 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,425,000
Deposit, UAE resident (20%)
AED 285,000
Deposit, non-resident (40%)
AED 570,000
Monthly over 25 years at 3.7%
AED 5,830

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