702, Mag 218 Tower
Sold prices and rental history: sold once, by the developer in February 2011, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Mag 218 Tower
What is 702 worth today?
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Source: Dubai Land Department. Updated 23 November 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 864 sqft
- Floor
- 7th of 55
- Parking
- 3B34
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 12,600 /yr
- Last sold
- AED 660K · February 2011
- Building
- Mag 218 Tower
About 702, Mag 218 Tower
702 is a one-bedroom apartment of 864 sqft on the 7th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. The developer sold it on 3 February 2011 for AED 659,545, or AED 763 per sqft, 5% below the AED 800 one-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 23 November 2024, is AED 78,750 a year: a gross yield of 11.9% on the 2011 price, before the service charge of about AED 12,600 a year.
Sales and rents for 702 over time
702 has sold once; the dashed line is the one-bed median of each year in the building.
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 702 sits
All 333 1-beds →702 last sold in February 2011 at AED 763 per sqft, 5% below 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. 702's AED 78,750 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Sep 202617 September 2026 | 844 sqft | 1,050,000 | 1,244 | ||
| 4 Sep 20264 September 2026 | 875 sqft | 1,150,000 | 1,314 | ||
| 14 Jul 202614 July 2026 | 864 sqft | 1,230,000 | 1,423 | ||
| 7 Jul 20267 July 2026 | 908 sqft | 1,250,000 | 1,376 |
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 7th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,723 sqft | AED 1.6MAED 1,600,000 · Oct 2026October 2026 | 135,000 /yr | |
| 703 | 1-bed | 844 sqft | AED 644KAED 643,939 · Jul 2013July 2013 | 60,000 /yr | |
| 704 | 1-bed | 864 sqft | AED 820KAED 820,000 · Dec 2022December 2022 | 37,000 /yr | |
| 705 | 2-bed | 1,723 sqft | AED 1.62MAED 1,617,749 · Feb 2011February 2011 | ||
| 706 | 2-bed | 1,723 sqft | AED 868KAED 867,500 · Jun 2022June 2022 | 60,000 /yr | |
| 707 | 1-bed | 864 sqft | AED 660KAED 659,545 · Jan 2011January 2011 | 75,000 /yr | |
| 708 | 1-bed | 844 sqft | AED 1.3MAED 1,300,000 · Nov 2025November 2025 | 85,000 /yr | |
| 709 | 1-bed | 864 sqft | AED 660KAED 659,545 · Apr 2011April 2011 | 47,000 /yr | |
| 710 | 2-bed | 1,723 sqft | AED 1.5MAED 1,497,292 · Mar 2012March 2012 | 125,685 /yr |
702, Mag 218 Tower in numbers
- Sold once: by Dream Estate on 3 February 2011 for AED 659,545, or AED 763 per sqft.
- Rented since November 2022 on 4 Ejari contracts, from AED 70,000 to AED 78,750 a year.
- At AED 78,750 a year the gross yield on the 2011 price is 11.9%, before a service charge of about AED 12,600 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 23 November 2024.
Questions about 702, Mag 218 Tower
What did unit 702 last sell for?
AED 659,545 on 3 February 2011, sold by the developer: AED 763 per sqft for 864 sqft. It is the only registered sale of the unit.
What is the rent for unit 702?
AED 78,750 a year on the contract renewed on 23 November 2024. The previous contract, from November 2024, was AED 78,750; the unit has been rented since November 2022.
How big is unit 702?
864 sqft (80.3 sqm): a one-bedroom apartment on the 7th floor of a 55-storey tower completed in 2010.
What is unit 702 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 702, Mag 218 Tower
Starts from the last sale price (AED 660K, 3 February 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 659,545
- Deposit, UAE resident (20%)
- AED 131,909
- Deposit, non-resident (40%)
- AED 263,818
- Monthly over 25 years at 3.7%
- AED 2,698
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →