2-bed · 1,760 sqftMag 218 Tower, Dubai Marina · 22nd floor · completed 2010

2205, Mag 218 Tower

Sold prices and rental history: sold twice, last in January 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2205 · DLD and Ejari recordsUpdated 1 September 2022
Last soldAED 1.59M24 January 2011
Current rentAED 91K /yr1 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2205, Mag 218 Tower

What is 2205 worth today?

Last sold for AED 1,588,715 in 2011

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1 Sep 2022RentedRenewal
AED 90,750/yr12 months · AED 51 per sqft
1 Sep 2019RentedRenewal
AED 95,000/yr12 months · AED 54 per sqft
1 Sep 2018RentedNew contract
AED 110,000/yr12 months · AED 62 per sqft
10 Jun 2018RentedNew contract
AED 115,000/yr12 months · AED 65 per sqft
15 Nov 2017RentedRenewal
AED 131,294/yr6 months · AED 74 per sqft
15 Nov 2016RentedNew contract
AED 132,000/yr12 months · AED 75 per sqft
12 Sep 2014RentedNew contract
AED 150,000/yr12 months · AED 85 per sqft
24 Jan 2011SoldReady
AED 1,588,715AED 902 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 September 2022.

Key facts

Type
2-bed apartment
Size
1,760 sqft
Floor
22nd of 55
Parking
1B37
Developer
Dream Estate
Completed
2010
Service charge
AED 25,600 /yr
Last sold
AED 1.59M · January 2011

About 2205, Mag 218 Tower

2205 is a two-bedroom apartment of 1,760 sqft on the 22nd floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 24 January 2011 for AED 1,588,715, or AED 902 per sqft, 16% above the AED 780 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 1 September 2022, is AED 90,750 a year: a gross yield of 5.7% on the 2011 price, before the service charge of about AED 25,600 a year.

Sales and rents for 2205 over time

Sales
Unit 2205, each saleTypical two-bed in Mag 218 Tower
1M2M20062011201620212026Typical 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 1,411,695; 2013 AED 1,675,000; 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 1,125,000; 2021 AED 1,215,000; 2022 AED 1,569,166; 2023 AED 1,797,500; 2024 AED 2,175,000; 2025 AED 2,200,000Sold by developer, July 2009: AED 1,588,715 (AED 902 per sqft)Sold, January 2011: AED 1,588,715 (AED 902 per sqft)

2205 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2205, each contractTypical two-bed in Mag 218 Tower
100K150K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 110,000; 2014 AED 135,000; 2015 AED 137,755; 2016 AED 135,000; 2017 AED 130,000; 2018 AED 120,000; 2019 AED 105,000; 2020 AED 90,000; 2021 AED 85,000; 2022 AED 96,923; 2023 AED 105,000; 2024 AED 128,000; 2025 AED 130,000; 2026 AED 138,462New contract, September 2014: AED 150,000 a yearNew contract, November 2016: AED 132,000 a yearRenewal, November 2017: AED 131,294 a yearNew contract, June 2018: AED 115,000 a yearNew contract, September 2018: AED 110,000 a yearRenewal, September 2019: AED 95,000 a yearRenewal, September 2022: AED 90,750 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 2205 sits

All 218 2-beds →

2205 last sold in January 2011 at AED 902 per sqft, 16% above what two-beds in Mag 218 Tower were fetching at the time (AED 780). Over the last 12 months two-beds sold for AED 2,000,000 to 2,430,000, around AED 1,263 per sqft, and rent for AED 118,000 to 155,000 a year. 2205's AED 90,750 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Jan 20262,430,000
6 Jan 20262,000,000
21 Jul 20252,350,000
26 Jun 20252,280,000
2 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. 10 sold in the last 12 months.

Typical price per sqft
AED 1,384 Up 5.7%
Typical sale
AED 1.27M
Typical rent
AED 91K /yr
Typical yield
6.9%
Mag 218 Tower, Dubai Marina: prices, sales and rents →

Other units on the 22nd floor

All 550 units in Mag 218 Tower
Value
22012-bedAED 2.4M · Jun 2014
22021-bedAED 560K · Jan 2021
22031-bedAED 610K · Dec 2020
22041-bedAED 771K · May 2011
22062-bedAED 1.23M · Nov 2019
22071-bedAED 1.02M · Oct 2022
22081-bedAED 1.25M · Sep 2023
1–7 of 9

2205, Mag 218 Tower in numbers

  • Sold twice: first on 6 July 2009 for AED 1,588,715, last on 24 January 2011 for AED 1,588,715 (AED 902 per sqft).
  • Rented since September 2014 on 7 Ejari contracts, from AED 150,000 to AED 90,750 a year.
  • At AED 90,750 a year the gross yield on the 2011 price is 5.7%, before a service charge of about AED 25,600 a year (AED 14.54 per sqft).
  • Two-beds in Mag 218 Tower sold for AED 2,000,000–2,430,000 in the 12 months to November 2026; the building's median across all types is AED 1,384 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 September 2022.

Questions about 2205, Mag 218 Tower

What did unit 2205 last sell for?

AED 1,588,715 on 24 January 2011: AED 902 per sqft for 1,760 sqft. The unit has 2 registered sales; the first was AED 1,588,715 in July 2009.

What is the rent for unit 2205?

AED 90,750 a year on the contract renewed on 1 September 2022. The previous contract, from September 2019, was AED 95,000; the unit has been rented since September 2014.

How big is unit 2205?

1,760 sqft (163.5 sqm): a two-bedroom apartment on the 22nd floor of a 55-storey tower completed in 2010.

What is unit 2205 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 2,000,000 to 2,430,000 in the last 12 months, around AED 1,263 per sqft.

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Mortgage on 2205, Mag 218 Tower

Starts from the last sale price (AED 1.59M, 24 January 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,588,715
Deposit, UAE resident (20%)
AED 317,743
Deposit, non-resident (40%)
AED 635,486
Monthly over 25 years at 3.7%
AED 6,500

Plus AED 71,736 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →