1705, Mag 218 Tower
Sold prices and rental history: sold twice, last in March 2015, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1705, Mag 218 Tower
What is 1705 worth today?
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Source: Dubai Land Department. Updated 12 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,742 sqft
- Floor
- 17th of 55
- Parking
- 2B71
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 25,300 /yr
- Last sold
- AED 1.41M · March 2015
- Building
- Mag 218 Tower
About 1705, Mag 218 Tower
1705 is a two-bedroom apartment of 1,742 sqft on the 17th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 1 March 2015 for AED 1,408,181, or AED 808 per sqft, 37% below the AED 1,291 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 10 Ejari contracts. The current contract, signed on 12 July 2024, is AED 140,000 a year: a gross yield of 9.9% on the 2015 price, before the service charge of about AED 25,300 a year.
Sales and rents for 1705 over time
1705 has sold twice; the dashed line is the two-bed median of each year in the building.
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 1705 sits
All 222 2-beds →1705 last sold in March 2015 at AED 808 per sqft, 37% below what two-beds in Mag 218 Tower were fetching at the time (AED 1,291). 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. 1705's AED 140,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Oct 20267 October 2026 | 1,723 sqft | 1,600,000 | 928 | ||
| 25 Sep 202625 September 2026 | 1,798 sqft | 2,100,000 | 1,167 | ||
| 24 Jun 202624 June 2026 | 1,723 sqft | 2,040,000 | 1,183 | ||
| 19 May 202619 May 2026 | 1,798 sqft | 2,450,000 | 1,362 |
Mag 218 Tower
Building550 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%
Other units on the 17th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1701 | 2-bed | 1,742 sqft | AED 1.41MAED 1,408,181 · Feb 2011February 2011 | ||
| 1702 | 1-bed | 875 sqft | AED 1.06MAED 1,060,000 · Dec 2016December 2016 | 70,000 /yr | |
| 1703 | 1-bed | 844 sqft | AED 750KAED 750,000 · Oct 2011October 2011 | 80,000 /yr | |
| 1704 | 1-bed | 875 sqft | AED 753KAED 752,582 · Apr 2011April 2011 | ||
| 1706 | 2-bed | 1,742 sqft | AED 1.41MAED 1,408,181 · Sep 2012September 2012 | 160,000 /yr | |
| 1707 | 1-bed | 875 sqft | AED 950KAED 950,000 · Apr 2019April 2019 | 47,000 /yr | |
| 1708 | 1-bed | 844 sqft | AED 1.4MAED 1,400,000 · Jan 2015January 2015 | 80,000 /yr | |
| 1709 | 1-bed | 875 sqft | AED 875KAED 875,000 · Sep 2022September 2022 | 92,000 /yr | |
| 1710 | 2-bed | 1,742 sqft | AED 1.43MAED 1,425,000 · Dec 2022December 2022 | 80,000 /yr |
1705, Mag 218 Tower in numbers
- Sold twice: first on 6 July 2009 for AED 1,408,181, last on 1 March 2015 for AED 1,408,181 (AED 808 per sqft).
- Rented since February 2015 on 10 Ejari contracts. The rent fell from AED 150,000 to AED 85,000 in 2021 and recovered to AED 140,000 by July 2024.
- At AED 140,000 a year the gross yield on the 2015 price is 9.9%, 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 12 July 2024.
Questions about 1705, Mag 218 Tower
What did unit 1705 last sell for?
AED 1,408,181 on 1 March 2015: AED 808 per sqft for 1,742 sqft. The unit has 2 registered sales; the first was AED 1,408,181 in July 2009.
What is the rent for unit 1705?
AED 140,000 a year on the contract signed on 12 July 2024. The previous contract, from July 2024, was AED 140,000; the unit has been rented since February 2015.
How big is unit 1705?
1,742 sqft (161.8 sqm): a two-bedroom apartment on the 17th floor of a 55-storey tower completed in 2010.
What is unit 1705 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 1705, Mag 218 Tower
Starts from the last sale price (AED 1.41M, 1 March 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,408,181
- Deposit, UAE resident (20%)
- AED 281,636
- Deposit, non-resident (40%)
- AED 563,272
- Monthly over 25 years at 3.7%
- AED 5,761
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →