1-bed · 909 sqftSanibel, Dubai Marina · 7th floor · completed 2010

701, Sanibel

Sold prices and rental history: sold twice, last in April 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 1 September 2024
Last soldAED 412K4 April 2011
Current rentAED 102K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Sanibel

What is 701 worth today?

Last sold for AED 412,444 in 2011

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1 Sep 2024RentedNew contract
AED 101,538/yr13 months · AED 112 per sqft
1 Sep 2024RentedNew contract
AED 101,538/yr13 months · AED 112 per sqft
1 Feb 2024RentedRenewal
AED 74,000/yr3 months · AED 82 per sqft
1 Feb 2024RentedRenewal
AED 74,000/yr3 months · AED 82 per sqft
15 Nov 2023RentedRenewal
AED 75,000/yr3 months · AED 83 per sqft
1 Jul 2023RentedNew contract
AED 75,560/yr4 months · AED 84 per sqft
1 Jul 2022RentedRenewal
AED 75,000/yr12 months · AED 83 per sqft
1 Jul 2021RentedNew contract
AED 75,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 1 September 2024.

Key facts

Type
1-bed apartment
Size
909 sqft
Floor
7th of 27
Parking
P2-2004
Developer
Emaar
Completed
2010
Service charge
AED 9,500 /yr
Last sold
AED 412K · April 2011
Building
Sanibel

About 701, Sanibel

701 is a one-bedroom apartment of 909 sqft on the 7th floor of Sanibel, a 27-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 4 April 2011 for AED 412,444, or AED 453 per sqft, 55% below the AED 1,005 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 12 Ejari contracts. The current contract, signed on 1 September 2024, is AED 101,538 a year: a gross yield of 24.6% on the 2011 price, before the service charge of about AED 9,500 a year.

Sales and rents for 701 over time

Sales
Unit 701, 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 412,444 (AED 453 per sqft)Sold, April 2011: AED 412,444 (AED 453 per sqft)

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

Rents
Unit 701, 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, June 2014: AED 115,000 a yearNew contract, June 2018: AED 88,000 a yearRenewal, June 2019: AED 88,000 a yearRenewal, June 2020: AED 78,000 a yearNew contract, July 2021: AED 75,000 a yearRenewal, July 2022: AED 75,000 a yearNew contract, July 2023: AED 75,560 a yearRenewal, November 2023: AED 75,000 a yearRenewal, February 2024: AED 74,000 a yearRenewal, February 2024: AED 74,000 a yearNew contract, September 2024: AED 101,538 a yearNew contract, September 2024: AED 101,538 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 701 sits

All 111 1-beds →

701 last sold in April 2011 at AED 453 per sqft, 55% below what one-beds in Sanibel were fetching at the time (AED 1,005). 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. 701's AED 101,538 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 7th floor

All 163 units in Sanibel
Value
7022-bedAED 1.3M · Nov 2011
7032-bedAED 1.75M · Dec 2020
7041-bedAED 1.9M · Jul 2014
7051-bedAED 1.55M · Oct 2025
7061-bedAED 805K · Feb 2011

701, Sanibel in numbers

  • Sold twice: first on 8 March 2010 for AED 412,444, last on 4 April 2011 for AED 412,444 (AED 453 per sqft).
  • Rented since June 2014 on 12 Ejari contracts. The rent fell from AED 115,000 to AED 74,000 in 2024 and recovered to AED 101,538 by September 2024.
  • At AED 101,538 a year the gross yield on the 2011 price is 24.6%, before a service charge of about AED 9,500 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 1 September 2024.

Questions about 701, Sanibel

What did unit 701 last sell for?

AED 412,444 on 4 April 2011: AED 453 per sqft for 909 sqft. The unit has 2 registered sales; the first was AED 412,444 in March 2010.

What is the rent for unit 701?

AED 101,538 a year on the contract signed on 1 September 2024. The previous contract, from September 2024, was AED 101,538; the unit has been rented since June 2014.

How big is unit 701?

909 sqft (84.4 sqm): a one-bedroom apartment on the 7th floor of a 27-storey tower completed in 2010.

What is unit 701 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 701, Sanibel

Starts from the last sale price (AED 412K, 4 April 2011). Switch to today's estimate once you have unlocked it.
Price
AED 412,444
Deposit, UAE resident (20%)
AED 82,489
Deposit, non-resident (40%)
AED 164,978
Monthly over 25 years at 3.7%
AED 1,687

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