1-bed · 898 sqftMag 218 Tower, Dubai Marina · 33rd floor · completed 2010

3309, Mag 218 Tower

Sold prices and rental history: sold twice, last in February 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3309 · DLD and Ejari recordsUpdated 2 July 2020
Last soldAED 727K26 February 2012
Current rentAED 67K /yr2 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3309, Mag 218 Tower

What is 3309 worth today?

Last sold for AED 727,380 in 2012

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2 Jul 2020RentedRenewal
AED 67,000/yr12 months · AED 75 per sqft
2 Jul 2019RentedNew contract
AED 67,000/yr12 months · AED 75 per sqft
25 Mar 2015RentedNew contract
AED 105,000/yr12 months · AED 118 per sqft
18 Jan 2014RentedNew contract
AED 73,500/yr12 months · AED 82 per sqft
18 Jan 2013RentedNew contract
AED 70,000/yr12 months · AED 78 per sqft
26 Feb 2012SoldReady
AED 727,380AED 809 per sqft
6 Jul 2009Sold by developerOff-plan
AED 727,380AED 809 per sqft

Source: Dubai Land Department. Updated 2 July 2020.

Key facts

Type
1-bed apartment
Size
898 sqft
Floor
33rd of 55
Parking
3P78
Developer
Dream Estate
Completed
2010
Service charge
AED 13,100 /yr
Last sold
AED 727K · February 2012

About 3309, Mag 218 Tower

3309 is a one-bedroom apartment of 898 sqft on the 33rd floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 26 February 2012 for AED 727,380, or AED 809 per sqft, in line with the AED 801 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 2 July 2020, is AED 67,000 a year: a gross yield of 9.2% on the 2012 price, before the service charge of about AED 13,100 a year.

Sales and rents for 3309 over time

Sales
Unit 3309, 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, July 2009: AED 727,380 (AED 809 per sqft)Sold, February 2012: AED 727,380 (AED 809 per sqft)

3309 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3309, each contractTypical one-bed in Mag 218 Tower
50K75K100K2012201620202024Typical 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 2013: AED 70,000 a yearNew contract, January 2014: AED 73,500 a yearNew contract, March 2015: AED 105,000 a yearNew contract, July 2019: AED 67,000 a yearRenewal, July 2020: AED 67,000 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 3309 sits

All 333 1-beds →

3309 last sold in February 2012 at AED 809 per sqft, in line with what one-beds in Mag 218 Tower were fetching at the time (AED 801). 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. 3309's AED 67,000 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 33rd floor

All 550 units in Mag 218 Tower
Value
33012-bedAED 2.15M · Jul 2013
33021-bedAED 750K · Sep 2020
33031-bedAED 1.24M · Aug 2015
33041-bedAED 1.05M · May 2024
33052-bedAED 1M · Nov 2011
33062-bedAED 1.98M · Mar 2023
33071-bedAED 1.15M · May 2024
1–7 of 9

3309, Mag 218 Tower in numbers

  • Sold twice: first on 6 July 2009 for AED 727,380, last on 26 February 2012 for AED 727,380 (AED 809 per sqft).
  • Rented since January 2013 on 5 Ejari contracts, from AED 70,000 to AED 67,000 a year.
  • At AED 67,000 a year the gross yield on the 2012 price is 9.2%, before a service charge of about AED 13,100 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 2 July 2020.

Questions about 3309, Mag 218 Tower

What did unit 3309 last sell for?

AED 727,380 on 26 February 2012: AED 809 per sqft for 898 sqft. The unit has 2 registered sales; the first was AED 727,380 in July 2009.

What is the rent for unit 3309?

AED 67,000 a year on the contract renewed on 2 July 2020. The previous contract, from July 2019, was AED 67,000; the unit has been rented since January 2013.

How big is unit 3309?

898 sqft (83.4 sqm): a one-bedroom apartment on the 33rd floor of a 55-storey tower completed in 2010.

What is unit 3309 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 3309, Mag 218 Tower

Starts from the last sale price (AED 727K, 26 February 2012). Switch to today's estimate once you have unlocked it.
Price
AED 727,380
Deposit, UAE resident (20%)
AED 145,476
Deposit, non-resident (40%)
AED 290,952
Monthly over 25 years at 3.7%
AED 2,976

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