3501, Mag 218 Tower
Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3501, Mag 218 Tower
What is 3501 worth today?
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Source: Dubai Land Department. Updated 21 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,779 sqft
- Floor
- 35th of 55
- Parking
- 3P20
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 25,900 /yr
- Last sold
- AED 1.84M · May 2024
- Building
- Mag 218 Tower
About 3501, Mag 218 Tower
3501 is a two-bedroom apartment of 1,779 sqft on the 35th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 3 May 2024 for AED 1,835,000, or AED 1,031 per sqft, 3% below the AED 1,067 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, signed on 21 September 2024, is AED 114,344 a year: a gross yield of 6.2% on the 2024 price, before the service charge of about AED 25,900 a year.
Sales and rents for 3501 over time
3501 has sold twice; 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 3501 sits
All 222 2-beds →3501 last sold in May 2024 at AED 1,031 per sqft, 3% below what two-beds in Mag 218 Tower were fetching at the time (AED 1,067). 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. 3501's AED 114,344 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 35th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3502 | 1-bed | 898 sqft | AED 770KAED 770,000 · Nov 2021November 2021 | 73,000 /yr | |
| 3503 | 1-bed | 844 sqft | AED 825KAED 825,000 · Jun 2012June 2012 | 60,000 /yr | |
| 3504 | 1-bed | 898 sqft | AED 727KAED 727,380 · Jul 2011July 2011 | 65,000 /yr | |
| 3505 | 2-bed | 1,779 sqft | AED 1.38MAED 1,380,000 · Sep 2020September 2020 | 155,000 /yr | |
| 3506 | 2-bed | 1,779 sqft | AED 1.44MAED 1,441,055 · Jul 2011July 2011 | 127,500 /yr | |
| 3507 | 1-bed | 898 sqft | AED 727KAED 727,380 · Jan 2011January 2011 | 75,000 /yr | |
| 3508 | 1-bed | 844 sqft | AED 684KAED 683,640 · Jan 2011January 2011 | 84,000 /yr | |
| 3509 | 1-bed | 898 sqft | AED 1MAED 1,000,000 · Mar 2016March 2016 | 75,000 /yr | |
| 3510 | 2-bed | 1,779 sqft | AED 1.44MAED 1,441,055 · Jan 2011January 2011 | 160,000 /yr |
3501, Mag 218 Tower in numbers
- Sold twice: first on 6 May 2013 for AED 1,441,055, last on 3 May 2024 for AED 1,835,000 (AED 1,031 per sqft).
- Rented since June 2013 on 13 Ejari contracts. The rent fell from AED 130,000 to AED 82,000 in 2020 and recovered to AED 114,344 by September 2024.
- At AED 114,344 a year the gross yield on the 2024 price is 6.2%, 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 21 September 2024.
Questions about 3501, Mag 218 Tower
What did unit 3501 last sell for?
AED 1,835,000 on 3 May 2024: AED 1,031 per sqft for 1,779 sqft. The unit has 2 registered sales; the first was AED 1,441,055 in May 2013.
What is the rent for unit 3501?
AED 114,344 a year on the contract signed on 21 September 2024. The previous contract, from September 2024, was AED 114,344; the unit has been rented since June 2013.
How big is unit 3501?
1,779 sqft (165.3 sqm): a two-bedroom apartment on the 35th floor of a 55-storey tower completed in 2010.
What is unit 3501 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 3501, Mag 218 Tower
Starts from the last sale price (AED 1.84M, 3 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,835,000
- Deposit, UAE resident (20%)
- AED 367,000
- Deposit, non-resident (40%)
- AED 734,000
- Monthly over 25 years at 3.7%
- AED 7,508
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →