704, Mag 218 Tower
Sold prices and rental history: sold 4 times, last in December 2022, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Mag 218 Tower
What is 704 worth today?
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Source: Dubai Land Department. Updated 8 December 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 864 sqft
- Floor
- 7th of 55
- Parking
- 3B37
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 12,600 /yr
- Last sold
- AED 820K · December 2022
- Building
- Mag 218 Tower
About 704, Mag 218 Tower
704 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. It last sold on 8 December 2022 for AED 820,000, or AED 949 per sqft, 5% below the AED 1,002 one-beds in the building were fetching at the time.
It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 14 November 2020, is AED 37,000 a year: a gross yield of 4.5% on the 2022 price, before the service charge of about AED 12,600 a year.
Sales and rents for 704 over time
704 has sold 4 times; 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 704 sits
All 333 1-beds →704 last sold in December 2022 at AED 949 per sqft, 5% below what one-beds in Mag 218 Tower were fetching at the time (AED 1,002). 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. 704's AED 37,000 is at the bottom 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 | |
| 702 | 1-bed | 864 sqft | AED 660KAED 659,545 · Feb 2011February 2011 | 78,750 /yr | |
| 703 | 1-bed | 844 sqft | AED 644KAED 643,939 · Jul 2013July 2013 | 60,000 /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 |
704, Mag 218 Tower in numbers
- Sold 4 times: first on 23 November 2009 for AED 750,000, last on 8 December 2022 for AED 820,000 (AED 949 per sqft).
- Rented since April 2017 on 3 Ejari contracts, from AED 80,000 to AED 37,000 a year.
- At AED 37,000 a year the gross yield on the 2022 price is 4.5%, 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 8 December 2022.
Questions about 704, Mag 218 Tower
What did unit 704 last sell for?
AED 820,000 on 8 December 2022: AED 949 per sqft for 864 sqft. The unit has 4 registered sales; the first was AED 750,000 in November 2009.
What is the rent for unit 704?
AED 37,000 a year on the contract signed on 14 November 2020. The previous contract, from February 2018, was AED 75,000; the unit has been rented since April 2017.
How big is unit 704?
864 sqft (80.3 sqm): a one-bedroom apartment on the 7th floor of a 55-storey tower completed in 2010.
What is unit 704 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 704, Mag 218 Tower
Starts from the last sale price (AED 820K, 8 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 820,000
- Deposit, UAE resident (20%)
- AED 164,000
- Deposit, non-resident (40%)
- AED 328,000
- Monthly over 25 years at 3.7%
- AED 3,355
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →