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3-bed · 2,397 sqftMAG 214 Tower, Jumeirah Lake Towers (JLT) · 30th floor · completed 2007

3003, MAG 214 Tower

Sold prices and rental history: sold once, by the developer in July 2008, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3003 · DLD and Ejari recordsUpdated 8 October 2024
Last soldAED 1.7M15 July 2008
Current rentAED 128K /yr8 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3003, MAG 214 Tower

What is 3003 worth today?

Last sold for AED 1,696,750 in 2008

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8 Oct 2024RentedNew contract
AED 127,600/yr12 months · AED 53 per sqft
8 Oct 2024RentedNew contract
AED 127,600/yr12 months · AED 53 per sqft
8 Oct 2022RentedRenewal
AED 112,000/yr12 months · AED 47 per sqft
8 Oct 2021RentedRenewal
AED 107,000/yr12 months · AED 45 per sqft
8 Oct 2020RentedNew contract
AED 107,000/yr12 months · AED 45 per sqft
1 Sep 2018RentedRenewal
AED 124,000/yr12 months · AED 52 per sqft
1 Sep 2017RentedRenewal
AED 128,000/yr12 months · AED 53 per sqft
1 Sep 2016RentedRenewal
AED 139,466/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 8 October 2024.

Key facts

Type
3-bed apartment
Size
2,397 sqft
Floor
30th of 38
Parking
B2-259
Developer
MAG
Completed
2007
Service charge
AED 51,100 /yr
Last sold
AED 1.7M · July 2008
Building
MAG 214 Tower

About 3003, MAG 214 Tower

3003 is a three-bedroom apartment of 2,397 sqft on the 30th floor of MAG 214 Tower, a 38-storey tower in Jumeirah Lake Towers (JLT) completed in 2007 by MAG. The developer sold it on 15 July 2008 for AED 1,696,750, or AED 707 per sqft, in line with the AED 722 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 12 Ejari contracts. The current contract, signed on 8 October 2024, is AED 127,600 a year: a gross yield of 7.5% on the 2008 price, before the service charge of about AED 51,100 a year.

Sales and rents for 3003 over time

Sales
Unit 3003, each saleTypical three-bed in MAG 214 Tower
1.5M2M2008201320182023Typical sale price by year: 2008 AED 1,748,690; 2011 AED 1,271,939; 2013 AED 2,250,000; 2021 AED 1,650,000; 2023 AED 2,075,000; 2024 AED 2,213,130Sold by developer, July 2008: AED 1,696,750 (AED 707 per sqft)

3003 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3003, each contractTypical three-bed in MAG 214 Tower
100K150K200K2012201620202024Typical rent by year: 2012 AED 107,648; 2013 AED 120,000; 2014 AED 132,000; 2015 AED 132,000; 2016 AED 137,766; 2017 AED 136,931; 2018 AED 138,250; 2019 AED 124,000; 2020 AED 110,000; 2021 AED 110,000; 2022 AED 110,000; 2023 AED 115,500; 2024 AED 127,600; 2025 AED 180,000; 2026 AED 210,000New contract, September 2012: AED 105,000 a yearNew contract, September 2013: AED 105,000 a yearRenewal, September 2014: AED 120,750 a yearRenewal, September 2015: AED 132,825 a yearRenewal, September 2016: AED 139,466 a yearRenewal, September 2017: AED 128,000 a yearRenewal, September 2018: AED 124,000 a yearNew contract, October 2020: AED 107,000 a yearRenewal, October 2021: AED 107,000 a yearRenewal, October 2022: AED 112,000 a yearNew contract, October 2024: AED 127,600 a yearNew contract, October 2024: AED 127,600 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in MAG 214 Tower, and where 3003 sits

All 20 3-beds →

3003 last sold in July 2008 at AED 707 per sqft, in line with what three-beds in MAG 214 Tower were fetching at the time (AED 722). 3003's AED 127,600 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
18 Dec 20242,213,130
20 May 20242,300,000
23 Apr 20242,230,000
11 Mar 20242,150,000
0 3-bed sales in the last 12 months

MAG 214 Tower

Building

305 apartments, 1-bed to 3-bed over 38 floors in Jumeirah Lake Towers (JLT), completed in 2007 by MAG. 20 sold in the last 12 months.

Typical price per sqft
AED 1,375 Up 10.3%
Typical sale
AED 1.07M
Typical rent
AED 82K /yr
Typical yield
6.7%
MAG 214 Tower, Jumeirah Lake Towers (JLT): prices, sales and rents →

Other units on the 30th floor

All 305 units in MAG 214 Tower
Value
30012-bedAED 1.52M · Mar 2022
30023-bedAED 1.93M · Dec 2012
30042-bedAED 1.09M · Jul 2008

3003, MAG 214 Tower in numbers

  • Sold once: by MAG on 15 July 2008 for AED 1,696,750, or AED 707 per sqft.
  • Rented since September 2012 on 12 Ejari contracts, from AED 105,000 to AED 127,600 a year.
  • At AED 127,600 a year the gross yield on the 2008 price is 7.5%, before a service charge of about AED 51,100 a year (AED 21.33 per sqft).

Source: Dubai Land Department. Updated 8 October 2024.

Questions about 3003, MAG 214 Tower

What did unit 3003 last sell for?

AED 1,696,750 on 15 July 2008, sold by the developer: AED 707 per sqft for 2,397 sqft. It is the only registered sale of the unit.

What is the rent for unit 3003?

AED 127,600 a year on the contract signed on 8 October 2024. The previous contract, from October 2024, was AED 127,600; the unit has been rented since September 2012.

How big is unit 3003?

2,397 sqft (222.7 sqm): a three-bedroom apartment on the 30th floor of a 38-storey tower completed in 2007.

What is unit 3003 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 3003, MAG 214 Tower

Starts from the last sale price (AED 1.7M, 15 July 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,696,750
Deposit, UAE resident (20%)
AED 339,350
Deposit, non-resident (40%)
AED 678,700
Monthly over 25 years at 3.7%
AED 6,942

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