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2-bed · 1,779 sqftMag 218 Tower, Dubai Marina · 44th floor · completed 2010

4406, Mag 218 Tower

Sold prices and rental history: sold twice, last in December 2017, and rented once, from October 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4406 · DLD and Ejari recordsUpdated 6 December 2017
Last soldAED 2.29M6 December 2017
Current rentAED 160K /yr22 October 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 4406, Mag 218 Tower

What is 4406 worth today?

Last sold for AED 2,285,000 in 2017

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6 Dec 2017SoldReady
AED 2,285,000AED 1,284 per sqft
22 Oct 2014RentedNew contract
AED 160,000/yr12 months · AED 90 per sqft
27 Nov 2011Sold by developerReady
AED 1,478,856AED 831 per sqft

Source: Dubai Land Department. Updated 6 December 2017.

Key facts

Type
2-bed apartment
Size
1,779 sqft
Floor
44th of 55
Parking
2P24
Developer
Dream Estate
Completed
2010
Service charge
AED 25,900 /yr
Last sold
AED 2.29M · December 2017
Building
Mag 218 Tower

About 4406, Mag 218 Tower

4406 is a two-bedroom apartment of 1,779 sqft on the 44th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 6 December 2017 for AED 2,285,000, or AED 1,284 per sqft, 24% above the AED 1,036 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 22 October 2014. The current contract, signed on 22 October 2014, is AED 160,000 a year: a gross yield of 7.0% on the 2017 price, before the service charge of about AED 25,900 a year.

Sales and rents for 4406 over time

Sales
Unit 4406, 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 by developer, November 2011: AED 1,478,856 (AED 831 per sqft)Sold, December 2017: AED 2,285,000 (AED 1,284 per sqft)

4406 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4406, each contractTypical two-bed in Mag 218 Tower
100K150K2012201620202024Typical 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, October 2014: AED 160,000 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 4406 sits

All 222 2-beds →

4406 last sold in December 2017 at AED 1,284 per sqft, 24% above what two-beds in Mag 218 Tower were fetching at the time (AED 1,036). 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. 4406's AED 160,000 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 44th floor

All 550 units in Mag 218 Tower
Value
44012-bedAED 1.1M · Nov 2014
44021-bedAED 822K · Jun 2011
44031-bedAED 1.1M · Jan 2024
44041-bedAED 980K · Jul 2021
44052-bedAED 1.1M · Nov 2015
44071-bedAED 1.03M · Sep 2022
44081-bedAED 1.2M · Oct 2017
1–7 of 9

4406, Mag 218 Tower in numbers

  • Sold twice: first on 27 November 2011 for AED 1,478,856, last on 6 December 2017 for AED 2,285,000 (AED 1,284 per sqft).
  • Rented since October 2014 on one Ejari contract, at AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2017 price is 7.0%, 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 6 December 2017.

Questions about 4406, Mag 218 Tower

What did unit 4406 last sell for?

AED 2,285,000 on 6 December 2017: AED 1,284 per sqft for 1,779 sqft. The unit has 2 registered sales; the first was AED 1,478,856 in November 2011.

What is the rent for unit 4406?

AED 160,000 a year on the contract signed on 22 October 2014.

How big is unit 4406?

1,779 sqft (165.3 sqm): a two-bedroom apartment on the 44th floor of a 55-storey tower completed in 2010.

What is unit 4406 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 4406, Mag 218 Tower

Starts from the last sale price (AED 2.29M, 6 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,285,000
Deposit, UAE resident (20%)
AED 457,000
Deposit, non-resident (40%)
AED 914,000
Monthly over 25 years at 3.7%
AED 9,349

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