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2-bed · 1,742 sqftMag 218 Tower, Dubai Marina · 13th floor · completed 2010

1306, Mag 218 Tower

Sold prices and rental history: sold 4 times, last in May 2014, and rented once, from July 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1306 · DLD and Ejari recordsUpdated 28 May 2014
Last soldAED 2.4M28 May 2014
Current rentAED 100K /yr28 July 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1306, Mag 218 Tower

What is 1306 worth today?

Last sold for AED 2,400,000 in 2014

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28 May 2014SoldReady
AED 2,400,000AED 1,377 per sqft
28 Jul 2013RentedNew contract
AED 100,000/yr12 months · AED 57 per sqft
19 Feb 2013SoldReady
AED 1,750,000AED 1,004 per sqft
3 Aug 2011SoldReady
AED 633,928AED 363 per sqft
12 Jul 2009Sold by developerOff-plan
AED 1,267,856AED 727 per sqft

Source: Dubai Land Department. Updated 28 May 2014.

Key facts

Type
2-bed apartment
Size
1,742 sqft
Floor
13th of 55
Parking
3B66
Developer
Dream Estate
Completed
2010
Service charge
AED 25,300 /yr
Last sold
AED 2.4M · May 2014
Building
Mag 218 Tower

About 1306, Mag 218 Tower

1306 is a two-bedroom apartment of 1,742 sqft on the 13th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 28 May 2014 for AED 2,400,000, or AED 1,377 per sqft, 22% above the AED 1,128 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 28 July 2013. The current contract, signed on 28 July 2013, is AED 100,000 a year: a gross yield of 4.2% on the 2014 price, before the service charge of about AED 25,300 a year.

Sales and rents for 1306 over time

Sales
Unit 1306, each saleTypical two-bed in Mag 218 Tower
1M2M2006201220182024Typical sale price by year: 2006 AED 1,318,478; 2009 AED 1,437,450; 2010 AED 1,377,898; 2011 AED 1,423,264; 2012 AED 1,415,209; 2013 AED 1,700,000; 2014 AED 2,275,000; 2015 AED 1,950,000; 2016 AED 1,800,000; 2017 AED 1,840,000; 2018 AED 1,550,000; 2019 AED 1,215,000; 2020 AED 1,150,000; 2021 AED 1,215,000; 2022 AED 1,534,583; 2023 AED 1,797,500; 2024 AED 2,175,000; 2025 AED 2,200,000; 2026 AED 2,265,000Sold by developer, July 2009: AED 1,267,856 (AED 727 per sqft)Sold, August 2011: AED 633,928 (AED 363 per sqft)Sold, February 2013: AED 1,750,000 (AED 1,004 per sqft)Sold, May 2014: AED 2,400,000 (AED 1,377 per sqft)

1306 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1306, each contractTypical two-bed in Mag 218 Tower
100K125K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 110,000; 2014 AED 130,000; 2015 AED 137,634; 2016 AED 135,000; 2017 AED 130,000; 2018 AED 120,000; 2019 AED 104,000; 2020 AED 90,000; 2021 AED 85,000; 2022 AED 96,800; 2023 AED 105,500; 2024 AED 126,000; 2025 AED 130,000; 2026 AED 126,000New contract, July 2013: AED 100,000 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 Mag 218 Tower, and where 1306 sits

All 222 2-beds →

1306 last sold in May 2014 at AED 1,377 per sqft, 22% above what two-beds in Mag 218 Tower were fetching at the time (AED 1,128). Over the last 12 months two-beds sold for AED 1,600,000 to 2,500,000, around AED 1,273 per sqft, and rent for AED 70,000 to 275,000 a year. 1306's AED 100,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Oct 20261,600,000
25 Sep 20262,100,000
24 Jun 20262,040,000
19 May 20262,450,000
8 2-bed sales in the last 12 months

Mag 218 Tower

Building

550 apartments, 1-bed to 2-bed over 55 floors in Dubai Marina, completed in 2010 by Dream Estate. 27 sold in the last 12 months.

Typical price per sqft
AED 1,362 Up 4.0%
Typical sale
AED 1.26M
Typical rent
AED 87K /yr
Typical yield
6.3%
Mag 218 Tower, Dubai Marina: prices, sales and rents →

Other units on the 13th floor

All 550 units in Mag 218 Tower
Value
13012-bedAED 1.6M · Apr 2016
13021-bedAED 1.05M · Jun 2013
13031-bedAED 621K · May 2011
13041-bedAED 745K · Jul 2009
13052-bedAED 1.7M · Nov 2011
13071-bedAED 1.15M · Sep 2026
13081-bedAED 875K · Jun 2024
1–7 of 9

1306, Mag 218 Tower in numbers

  • Sold 4 times: first on 12 July 2009 for AED 1,267,856, last on 28 May 2014 for AED 2,400,000 (AED 1,377 per sqft).
  • Rented since July 2013 on one Ejari contract, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2014 price is 4.2%, before a service charge of about AED 25,300 a year (AED 14.54 per sqft).
  • Two-beds in Mag 218 Tower sold for AED 1,600,000–2,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,362 per sqft.

Source: Dubai Land Department. Updated 28 May 2014.

Questions about 1306, Mag 218 Tower

What did unit 1306 last sell for?

AED 2,400,000 on 28 May 2014: AED 1,377 per sqft for 1,742 sqft. The unit has 4 registered sales; the first was AED 1,267,856 in July 2009.

What is the rent for unit 1306?

AED 100,000 a year on the contract signed on 28 July 2013.

How big is unit 1306?

1,742 sqft (161.8 sqm): a two-bedroom apartment on the 13th floor of a 55-storey tower completed in 2010.

What is unit 1306 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mag 218 Tower sold for AED 1,600,000 to 2,500,000 in the last 12 months, around AED 1,273 per sqft.

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Mortgage on 1306, Mag 218 Tower

Starts from the last sale price (AED 2.4M, 28 May 2014). 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 →