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1-bed · 844 sqftMag 218 Tower, Dubai Marina · 28th floor · completed 2010

2803, Mag 218 Tower

Sold prices and rental history: sold 3 times, last in May 2023, and rented once, from January 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2803 · DLD and Ejari recordsUpdated 17 May 2023
Last soldAED 800K17 May 2023
Current rentAED 80K /yr17 January 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2803, Mag 218 Tower

What is 2803 worth today?

Last sold for AED 800,000 in 2023

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17 May 2023SoldReady
AED 800,000AED 947 per sqft
17 Jan 2017RentedNew contract
AED 80,000/yr12 months · AED 95 per sqft
3 Jan 2017SoldReady
AED 1,000,000AED 1,184 per sqft
31 Oct 2012Sold by developerReady
AED 675,200AED 800 per sqft

Source: Dubai Land Department. Updated 17 May 2023.

Key facts

Type
1-bed apartment
Size
844 sqft
Floor
28th of 55
Parking
G32
Developer
Dream Estate
Completed
2010
Service charge
AED 12,300 /yr
Last sold
AED 800K · May 2023
Building
Mag 218 Tower

About 2803, Mag 218 Tower

2803 is a one-bedroom apartment of 844 sqft on the 28th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 17 May 2023 for AED 800,000, or AED 947 per sqft, 10% below the AED 1,057 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 17 January 2017. The current contract, signed on 17 January 2017, is AED 80,000 a year: a gross yield of 10.0% on the 2023 price, before the service charge of about AED 12,300 a year.

Sales and rents for 2803 over time

Sales
Unit 2803, each saleTypical one-bed in Mag 218 Tower
1M2005201120172023Typical sale price by year: 2005 AED 721,665; 2006 AED 715,202; 2008 AED 781,429; 2009 AED 683,640; 2010 AED 724,314; 2011 AED 704,666; 2012 AED 727,380; 2013 AED 982,500; 2014 AED 1,350,000; 2015 AED 1,217,500; 2016 AED 1,100,000; 2017 AED 1,075,000; 2018 AED 995,920; 2019 AED 850,000; 2020 AED 740,000; 2021 AED 779,500; 2022 AED 900,000; 2023 AED 1,000,000; 2024 AED 1,135,000; 2025 AED 1,187,500; 2026 AED 1,185,000Sold by developer, October 2012: AED 675,200 (AED 800 per sqft)Sold, January 2017: AED 1,000,000 (AED 1,184 per sqft)Sold, May 2023: AED 800,000 (AED 947 per sqft)

2803 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2803, each contractTypical one-bed in Mag 218 Tower
60K80K2012201620202024Typical rent by year: 2012 AED 65,000; 2013 AED 78,750; 2014 AED 85,675; 2015 AED 92,000; 2016 AED 90,000; 2017 AED 85,000; 2018 AED 78,000; 2019 AED 70,000; 2020 AED 55,000; 2021 AED 52,000; 2022 AED 61,700; 2023 AED 70,350; 2024 AED 81,000; 2025 AED 84,525; 2026 AED 80,000New contract, January 2017: AED 80,000 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 Mag 218 Tower, and where 2803 sits

All 333 1-beds →

2803 last sold in May 2023 at AED 947 per sqft, 10% below what one-beds in Mag 218 Tower were fetching at the time (AED 1,057). Over the last 12 months one-beds sold for AED 1,025,000 to 1,600,000, around AED 1,365 per sqft, and rent for AED 60,000 to 160,000 a year. 2803's AED 80,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Sep 20261,050,000
4 Sep 20261,150,000
14 Jul 20261,230,000
7 Jul 20261,250,000
19 1-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 28th floor

All 550 units in Mag 218 Tower
Value
28012-bedAED 1.35M · Nov 2012
28021-bedAED 1.3M · Oct 2024
28041-bedAED 1.16M · Mar 2025
28052-bedAED 2.07M · Jul 2013
28062-bedAED 2.2M · Jun 2013
28071-bedAED 709K · Nov 2011
28081-bedAED 675K · Nov 2011
1–7 of 9

2803, Mag 218 Tower in numbers

  • Sold 3 times: first on 31 October 2012 for AED 675,200, last on 17 May 2023 for AED 800,000 (AED 947 per sqft).
  • Rented since January 2017 on one Ejari contract, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2023 price is 10.0%, before a service charge of about AED 12,300 a year (AED 14.54 per sqft).
  • One-beds in Mag 218 Tower sold for AED 1,025,000–1,600,000 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 17 May 2023.

Questions about 2803, Mag 218 Tower

What did unit 2803 last sell for?

AED 800,000 on 17 May 2023: AED 947 per sqft for 844 sqft. The unit has 3 registered sales; the first was AED 675,200 in October 2012.

What is the rent for unit 2803?

AED 80,000 a year on the contract signed on 17 January 2017.

How big is unit 2803?

844 sqft (78.4 sqm): a one-bedroom apartment on the 28th floor of a 55-storey tower completed in 2010.

What is unit 2803 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mag 218 Tower sold for AED 1,025,000 to 1,600,000 in the last 12 months, around AED 1,365 per sqft.

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Mortgage on 2803, Mag 218 Tower

Starts from the last sale price (AED 800K, 17 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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