3001, Mag 218 Tower
Sold prices and rental history: sold 3 times, last in May 2021, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3001, Mag 218 Tower
What is 3001 worth today?
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Source: Dubai Land Department. Updated 6 October 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,760 sqft
- Floor
- 30th of 55
- Parking
- G19
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 25,600 /yr
- Last sold
- AED 1.1M · May 2021
- Building
- Mag 218 Tower
About 3001, Mag 218 Tower
3001 is a two-bedroom apartment of 1,760 sqft on the 30th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 4 May 2021 for AED 1,100,000, or AED 624 per sqft, 9% below the AED 688 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, signed on 6 October 2021, is AED 85,000 a year: a gross yield of 7.7% on the 2021 price, before the service charge of about AED 25,600 a year.
Sales and rents for 3001 over time
3001 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 3001 sits
All 222 2-beds →3001 last sold in May 2021 at AED 624 per sqft, 9% below what two-beds in Mag 218 Tower were fetching at the time (AED 688). 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. 3001's AED 85,000 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 30th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3002 | 1-bed | 886 sqft | AED 700KAED 699,889 · May 2011May 2011 | 80,000 /yr | |
| 3003 | 1-bed | 844 sqft | AED 1.12MAED 1,115,000 · Jan 2025January 2025 | 85,000 /yr | |
| 3004 | 1-bed | 886 sqft | AED 1.18MAED 1,175,000 · Oct 2025October 2025 | 72,000 /yr | |
| 3005 | 2-bed | 1,760 sqft | AED 1.4MAED 1,400,000 · Oct 2012October 2012 | 135,000 /yr | |
| 3006 | 2-bed | 1,760 sqft | AED 2.2MAED 2,200,000 · Jul 2024July 2024 | 88,000 /yr | |
| 3007 | 1-bed | 886 sqft | AED 357KAED 357,086 · Aug 2011August 2011 | 82,000 /yr | |
| 3008 | 1-bed | 844 sqft | AED 1.13MAED 1,130,000 · Apr 2023April 2023 | 78,500 /yr | |
| 3009 | 1-bed | 886 sqft | AED 1.25MAED 1,250,000 · Aug 2016August 2016 | 75,000 /yr | |
| 3010 | 2-bed | 1,760 sqft | AED 1.45MAED 1,450,000 · May 2012May 2012 | 145,000 /yr |
3001, Mag 218 Tower in numbers
- Sold 3 times: first on 4 December 2012 for AED 1,408,064, last on 4 May 2021 for AED 1,100,000 (AED 624 per sqft).
- Rented since December 2012 on 10 Ejari contracts, from AED 105,000 to AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2021 price is 7.7%, 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 6 October 2021.
Questions about 3001, Mag 218 Tower
What did unit 3001 last sell for?
AED 1,100,000 on 4 May 2021: AED 624 per sqft for 1,760 sqft. The unit has 3 registered sales; the first was AED 1,408,064 in December 2012.
What is the rent for unit 3001?
AED 85,000 a year on the contract signed on 6 October 2021. The previous contract, from October 2020, was AED 80,000; the unit has been rented since December 2012.
How big is unit 3001?
1,760 sqft (163.5 sqm): a two-bedroom apartment on the 30th floor of a 55-storey tower completed in 2010.
What is unit 3001 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 3001, Mag 218 Tower
Starts from the last sale price (AED 1.1M, 4 May 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,100,000
- Deposit, UAE resident (20%)
- AED 220,000
- Deposit, non-resident (40%)
- AED 440,000
- Monthly over 25 years at 3.7%
- AED 4,500
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →