706, Mag 218 Tower
Sold prices and rental history: sold twice, last in June 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 706, Mag 218 Tower
What is 706 worth today?
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Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,723 sqft
- Floor
- 7th of 55
- Parking
- 4P18
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 25,100 /yr
- Last sold
- AED 868K · June 2022
- Building
- Mag 218 Tower
About 706, Mag 218 Tower
706 is a two-bedroom apartment of 1,723 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 27 June 2022 for AED 867,500, or AED 503 per sqft, 32% below the AED 739 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 11 Ejari contracts. The current contract, signed on 1 October 2024, is AED 60,000 a year: a gross yield of 6.9% on the 2022 price, before the service charge of about AED 25,100 a year.
Sales and rents for 706 over time
706 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 706 sits
All 222 2-beds →706 last sold in June 2022 at AED 503 per sqft, 32% below what two-beds in Mag 218 Tower were fetching at the time (AED 739). 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. 706's AED 60,000 is at the bottom 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 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 | |
| 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 | ||
| 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 |
706, Mag 218 Tower in numbers
- Sold twice: first on 24 December 2012 for AED 1,425,992, last on 27 June 2022 for AED 867,500 (AED 503 per sqft).
- Rented since October 2015 on 11 Ejari contracts, from AED 140,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2022 price is 6.9%, before a service charge of about AED 25,100 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 1 October 2024.
Questions about 706, Mag 218 Tower
What did unit 706 last sell for?
AED 867,500 on 27 June 2022: AED 503 per sqft for 1,723 sqft. The unit has 2 registered sales; the first was AED 1,425,992 in December 2012.
What is the rent for unit 706?
AED 60,000 a year on the contract signed on 1 October 2024. The previous contract, from October 2024, was AED 60,000; the unit has been rented since October 2015.
How big is unit 706?
1,723 sqft (160.1 sqm): a two-bedroom apartment on the 7th floor of a 55-storey tower completed in 2010.
What is unit 706 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 706, Mag 218 Tower
Starts from the last sale price (AED 868K, 27 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 867,500
- Deposit, UAE resident (20%)
- AED 173,500
- Deposit, non-resident (40%)
- AED 347,000
- Monthly over 25 years at 3.7%
- AED 3,549
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →