1-bed · 844 sqftMag 218 Tower, Dubai Marina · 34th floor · completed 2010

3403, Mag 218 Tower

Sold prices and rental history: sold twice, last in November 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3403 · DLD and Ejari recordsUpdated 15 November 2024
Last soldAED 1.1M15 November 2024
Current rentAED 27K /yr1 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3403, Mag 218 Tower

What is 3403 worth today?

Last sold for AED 1,100,000 in 2024

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15 Nov 2024SoldReady
AED 1,100,000AED 1,303 per sqft
1 Oct 2023RentedRenewal
AED 27,333/yr36 months · AED 32 per sqft
1 Oct 2023RentedRenewal
AED 73,500/yr12 months · AED 87 per sqft
1 Oct 2023RentedRenewal
AED 73,500/yr12 months · AED 87 per sqft
1 Oct 2022RentedRenewal
AED 70,000/yr12 months · AED 83 per sqft
1 Oct 2021RentedRenewal
AED 70,000/yr12 months · AED 83 per sqft
1 Oct 2020RentedRenewal
AED 70,000/yr12 months · AED 83 per sqft
1 Sep 2019RentedRenewal
AED 64,615/yr13 months · AED 77 per sqft

Source: Dubai Land Department. Updated 15 November 2024.

Key facts

Type
1-bed apartment
Size
844 sqft
Floor
34th of 55
Parking
3P71
Developer
Dream Estate
Completed
2010
Service charge
AED 12,300 /yr
Last sold
AED 1.1M · November 2024

About 3403, Mag 218 Tower

3403 is a one-bedroom apartment of 844 sqft on the 34th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 15 November 2024 for AED 1,100,000, or AED 1,303 per sqft, in line with the AED 1,300 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 10 Ejari contracts. The current contract, renewed on 1 October 2023, is AED 27,333 a year: a gross yield of 2.5% on the 2024 price, before the service charge of about AED 12,300 a year.

Sales and rents for 3403 over time

Sales
Unit 3403, 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 2011: AED 683,640 (AED 809 per sqft)Sold, November 2024: AED 1,100,000 (AED 1,303 per sqft)

3403 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3403, each contractTypical one-bed in Mag 218 Tower
50K100K2012201620202024Typical 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, September 2016: AED 83,000 a yearRenewal, September 2017: AED 83,000 a yearNew contract, September 2018: AED 75,000 a yearRenewal, September 2019: AED 64,615 a yearRenewal, October 2020: AED 70,000 a yearRenewal, October 2021: AED 70,000 a yearRenewal, October 2022: AED 70,000 a yearRenewal, October 2023: AED 27,333 a yearRenewal, October 2023: AED 73,500 a yearRenewal, October 2023: AED 73,500 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 3403 sits

All 333 1-beds →

3403 last sold in November 2024 at AED 1,303 per sqft, in line with what one-beds in Mag 218 Tower were fetching at the time (AED 1,300). 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. 3403's AED 27,333 is at the bottom 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 34th floor

All 550 units in Mag 218 Tower
Value
34012-bedAED 1.44M · Oct 2011
34021-bedAED 727K · Oct 2011
34041-bedAED 727K · Oct 2011
34052-bedAED 1.44M · Oct 2011
34062-bedAED 1.44M · Oct 2011
34071-bedAED 727K · Oct 2011
34081-bedAED 684K · Oct 2011
1–7 of 9

3403, Mag 218 Tower in numbers

  • Sold twice: first on 11 October 2011 for AED 683,640, last on 15 November 2024 for AED 1,100,000 (AED 1,303 per sqft).
  • Rented since September 2016 on 10 Ejari contracts, from AED 83,000 to AED 27,333 a year.
  • At AED 27,333 a year the gross yield on the 2024 price is 2.5%, 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 15 November 2024.

Questions about 3403, Mag 218 Tower

What did unit 3403 last sell for?

AED 1,100,000 on 15 November 2024: AED 1,303 per sqft for 844 sqft. The unit has 2 registered sales; the first was AED 683,640 in October 2011.

What is the rent for unit 3403?

AED 27,333 a year on the contract renewed on 1 October 2023. The previous contract, from October 2023, was AED 73,500; the unit has been rented since September 2016.

How big is unit 3403?

844 sqft (78.4 sqm): a one-bedroom apartment on the 34th floor of a 55-storey tower completed in 2010.

What is unit 3403 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 3403, Mag 218 Tower

Starts from the last sale price (AED 1.1M, 15 November 2024). 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 →