2306, Mag 218 Tower
Sold prices and rental history: sold 3 times, last in October 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2306, Mag 218 Tower
What is 2306 worth today?
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Source: Dubai Land Department. Updated 10 October 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,760 sqft
- Floor
- 23rd of 55
- Parking
- 1B41
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 25,600 /yr
- Last sold
- AED 2.5M · October 2023
- Building
- Mag 218 Tower
About 2306, Mag 218 Tower
2306 is a two-bedroom apartment of 1,760 sqft on the 23rd floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 10 October 2023 for AED 2,500,000, or AED 1,420 per sqft, 48% above the AED 961 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 1 June 2016, is AED 140,000 a year: a gross yield of 5.6% on the 2023 price, before the service charge of about AED 25,600 a year.
Sales and rents for 2306 over time
2306 has sold 3 times; 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 2306 sits
All 222 2-beds →2306 last sold in October 2023 at AED 1,420 per sqft, 48% above what two-beds in Mag 218 Tower were fetching at the time (AED 961). 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. 2306'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 23rd floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2301 | 2-bed | 1,760 sqft | AED 1.25MAED 1,247,465 · Oct 2012October 2012 | 145,000 /yr | |
| 2302 | 1-bed | 886 sqft | AED 1MAED 1,000,000 · Jul 2023July 2023 | 56,000 /yr | |
| 2303 | 1-bed | 844 sqft | AED 425KAED 425,000 · Dec 2012December 2012 | 76,810 /yr | |
| 2304 | 1-bed | 886 sqft | AED 850KAED 850,000 · Oct 2012October 2012 | 80,000 /yr | |
| 2305 | 2-bed | 1,760 sqft | AED 1.23MAED 1,230,000 · Mar 2021March 2021 | 140,000 /yr | |
| 2307 | 1-bed | 886 sqft | AED 1.6MAED 1,600,000 · Nov 2025November 2025 | 125,000 /yr | |
| 2308 | 1-bed | 844 sqft | AED 1.2MAED 1,196,600 · Mar 2017March 2017 | 72,500 /yr | |
| 2309 | 1-bed | 886 sqft | AED 1.77MAED 1,765,000 · Apr 2014April 2014 | 65,000 /yr | |
| 2310 | 2-bed | 1,760 sqft | AED 2.2MAED 2,200,000 · Mar 2025March 2025 | 120,000 /yr |
2306, Mag 218 Tower in numbers
- Sold 3 times: first on 3 February 2011 for AED 1,247,465, last on 10 October 2023 for AED 2,500,000 (AED 1,420 per sqft).
- Rented since July 2013 on 4 Ejari contracts, from AED 125,000 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2023 price is 5.6%, before a service charge of about AED 25,600 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 10 October 2023.
Questions about 2306, Mag 218 Tower
What did unit 2306 last sell for?
AED 2,500,000 on 10 October 2023: AED 1,420 per sqft for 1,760 sqft. The unit has 3 registered sales; the first was AED 1,247,465 in February 2011.
What is the rent for unit 2306?
AED 140,000 a year on the contract signed on 1 June 2016. The previous contract, from July 2015, was AED 125,000; the unit has been rented since July 2013.
How big is unit 2306?
1,760 sqft (163.5 sqm): a two-bedroom apartment on the 23rd floor of a 55-storey tower completed in 2010.
What is unit 2306 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 2306, Mag 218 Tower
Starts from the last sale price (AED 2.5M, 10 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,500,000
- Deposit, UAE resident (20%)
- AED 500,000
- Deposit, non-resident (40%)
- AED 1,000,000
- Monthly over 25 years at 3.7%
- AED 10,228
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →