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2-bed · 1,779 sqftMag 218 Tower, Dubai Marina · 31st floor · completed 2010

3101, Mag 218 Tower

Sold prices and rental history: sold 3 times, last in November 2015, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3101 · DLD and Ejari recordsUpdated 4 November 2015
Last soldAED 1.85M4 November 2015
Current rentAED 100K /yr1 November 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3101, Mag 218 Tower

What is 3101 worth today?

Last sold for AED 1,850,000 in 2015

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4 Nov 2015SoldReady
AED 1,850,000AED 1,039 per sqft
1 Nov 2013RentedNew contract
AED 100,000/yr12 months · AED 56 per sqft
28 Nov 2012SoldReady
AED 1,570,000AED 882 per sqft
4 Nov 2012Sold by developerReady
AED 1,423,264AED 800 per sqft
1 Nov 2012RentedNew contract
AED 100,270/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 4 November 2015.

Key facts

Type
2-bed apartment
Size
1,779 sqft
Floor
31st of 55
Parking
3P85
Developer
Dream Estate
Completed
2010
Service charge
AED 25,900 /yr
Last sold
AED 1.85M · November 2015
Building
Mag 218 Tower

About 3101, Mag 218 Tower

3101 is a two-bedroom apartment of 1,779 sqft on the 31st floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 4 November 2015 for AED 1,850,000, or AED 1,039 per sqft, 14% below the AED 1,205 two-beds in the building were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, signed on 1 November 2013, is AED 100,000 a year: a gross yield of 5.4% on the 2015 price, before the service charge of about AED 25,900 a year.

Sales and rents for 3101 over time

Sales
Unit 3101, 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, November 2012: AED 1,570,000 (AED 882 per sqft)Sold by developer, November 2012: AED 1,423,264 (AED 800 per sqft)Sold, November 2015: AED 1,850,000 (AED 1,039 per sqft)

3101 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3101, 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, November 2012: AED 100,270 a yearNew contract, November 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 3101 sits

All 222 2-beds →

3101 last sold in November 2015 at AED 1,039 per sqft, 14% below what two-beds in Mag 218 Tower were fetching at the time (AED 1,205). 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. 3101'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 31st floor

All 550 units in Mag 218 Tower
Value
31021-bedAED 798K · May 2011
31031-bedAED 750K · Jan 2012
31041-bedAED 746K · Sep 2011
31052-bedAED 1.72M · Sep 2022
31062-bedAED 2.1M · Apr 2016
31071-bedAED 1.26M · Feb 2026
31081-bedAED 1.3M · Aug 2013
1–7 of 9

3101, Mag 218 Tower in numbers

  • Sold 3 times: first on 4 November 2012 for AED 1,423,264, last on 4 November 2015 for AED 1,850,000 (AED 1,039 per sqft).
  • Rented since November 2012 on 2 Ejari contracts, from AED 100,270 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2015 price is 5.4%, before a service charge of about AED 25,900 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 4 November 2015.

Questions about 3101, Mag 218 Tower

What did unit 3101 last sell for?

AED 1,850,000 on 4 November 2015: AED 1,039 per sqft for 1,779 sqft. The unit has 3 registered sales; the first was AED 1,423,264 in November 2012.

What is the rent for unit 3101?

AED 100,000 a year on the contract signed on 1 November 2013. The previous contract, from November 2012, was AED 100,270.

How big is unit 3101?

1,779 sqft (165.3 sqm): a two-bedroom apartment on the 31st floor of a 55-storey tower completed in 2010.

What is unit 3101 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 3101, Mag 218 Tower

Starts from the last sale price (AED 1.85M, 4 November 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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