1-bed · 844 sqftMag 218 Tower, Dubai Marina · 36th floor · completed 2010

3603, Mag 218 Tower

Sold prices and rental history: sold twice, last in October 2011, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3603 · DLD and Ejari recordsUpdated 15 November 2018
Last soldAED 684K11 October 2011
Current rentAED 75K /yr15 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3603, Mag 218 Tower

What is 3603 worth today?

Last sold for AED 683,640 in 2011

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15 Nov 2018RentedRenewal
AED 75,000/yr12 months · AED 89 per sqft
15 Nov 2017RentedNew contract
AED 80,000/yr12 months · AED 95 per sqft
11 Oct 2011SoldReady
AED 683,640AED 809 per sqft
6 Jul 2009Sold by developerOff-plan
AED 683,640AED 809 per sqft

Source: Dubai Land Department. Updated 15 November 2018.

Key facts

Type
1-bed apartment
Size
844 sqft
Floor
36th of 55
Parking
3P16
Developer
Dream Estate
Completed
2010
Service charge
AED 12,300 /yr
Last sold
AED 684K · October 2011

About 3603, Mag 218 Tower

3603 is a one-bedroom apartment of 844 sqft on the 36th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 11 October 2011 for AED 683,640, or AED 809 per sqft, in line with the AED 800 one-beds in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, renewed on 15 November 2018, is AED 75,000 a year: a gross yield of 11.0% on the 2011 price, before the service charge of about AED 12,300 a year.

Sales and rents for 3603 over time

Sales
Unit 3603, 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 683,640 (AED 809 per sqft)Sold, October 2011: AED 683,640 (AED 809 per sqft)

3603 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3603, each contractTypical one-bed in Mag 218 Tower
60K80K2012201620202024Typical 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, November 2017: AED 80,000 a yearRenewal, November 2018: AED 75,000 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 3603 sits

All 333 1-beds →

3603 last sold in October 2011 at AED 809 per sqft, in line with what one-beds in Mag 218 Tower were fetching at the time (AED 800). 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. 3603's AED 75,000 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 36th floor

All 550 units in Mag 218 Tower
Value
36012-bedAED 1.44M · Oct 2011
36021-bedAED 727K · Oct 2011
36041-bedAED 1M · Jul 2024
36052-bedAED 1.44M · Oct 2011
36062-bedAED 1.44M · Oct 2011
36071-bedAED 727K · Oct 2011
36081-bedAED 684K · Oct 2011
1–7 of 9

3603, Mag 218 Tower in numbers

  • Sold twice: first on 6 July 2009 for AED 683,640, last on 11 October 2011 for AED 683,640 (AED 809 per sqft).
  • Rented since November 2017 on 2 Ejari contracts, from AED 80,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2011 price is 11.0%, 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 2018.

Questions about 3603, Mag 218 Tower

What did unit 3603 last sell for?

AED 683,640 on 11 October 2011: AED 809 per sqft for 844 sqft. The unit has 2 registered sales; the first was AED 683,640 in July 2009.

What is the rent for unit 3603?

AED 75,000 a year on the contract renewed on 15 November 2018. The previous contract, from November 2017, was AED 80,000.

How big is unit 3603?

844 sqft (78.4 sqm): a one-bedroom apartment on the 36th floor of a 55-storey tower completed in 2010.

What is unit 3603 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 3603, Mag 218 Tower

Starts from the last sale price (AED 684K, 11 October 2011). Switch to today's estimate once you have unlocked it.
Price
AED 683,640
Deposit, UAE resident (20%)
AED 136,728
Deposit, non-resident (40%)
AED 273,456
Monthly over 25 years at 3.7%
AED 2,797

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