2-bed · 1,779 sqftMag 218 Tower, Dubai Marina · 33rd floor · completed 2010

3305, Mag 218 Tower

Sold prices and rental history: sold twice, last in November 2011, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3305 · DLD and Ejari recordsUpdated 15 November 2024
Last soldAED 1M2 November 2011
Current rentAED 120K /yr15 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3305, Mag 218 Tower

What is 3305 worth today?

Last sold for AED 1,000,000 in 2011

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15 Nov 2024RentedNew contract
AED 120,000/yr12 months · AED 68 per sqft
26 Jul 2023RentedRenewal
AED 110,000/yr12 months · AED 62 per sqft
26 Jul 2022RentedNew contract
AED 110,000/yr12 months · AED 62 per sqft
28 Jan 2022RentedNew contract
AED 110,000/yr12 months · AED 62 per sqft
24 Dec 2020RentedNew contract
AED 80,000/yr12 months · AED 45 per sqft
15 Aug 2018RentedNew contract
AED 115,000/yr12 months · AED 65 per sqft
12 Jul 2015RentedNew contract
AED 155,000/yr12 months · AED 87 per sqft
2 Nov 2011SoldReady
AED 1,000,000AED 562 per sqft

Source: Dubai Land Department. Updated 15 November 2024.

Key facts

Type
2-bed apartment
Size
1,779 sqft
Floor
33rd of 55
Parking
3P62
Developer
Dream Estate
Completed
2010
Service charge
AED 25,900 /yr
Last sold
AED 1M · November 2011

About 3305, Mag 218 Tower

3305 is a two-bedroom apartment of 1,779 sqft on the 33rd floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 2 November 2011 for AED 1,000,000, or AED 562 per sqft, 30% below the AED 800 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 15 November 2024, is AED 120,000 a year: a gross yield of 12.0% on the 2011 price, before the service charge of about AED 25,900 a year.

Sales and rents for 3305 over time

Sales
Unit 3305, 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, February 2011: AED 1,441,055 (AED 810 per sqft)Sold, November 2011: AED 1,000,000 (AED 562 per sqft)

3305 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3305, 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, July 2015: AED 155,000 a yearNew contract, August 2018: AED 115,000 a yearNew contract, December 2020: AED 80,000 a yearNew contract, January 2022: AED 110,000 a yearNew contract, July 2022: AED 110,000 a yearRenewal, July 2023: AED 110,000 a yearNew contract, November 2024: AED 120,000 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 3305 sits

All 218 2-beds →

3305 last sold in November 2011 at AED 562 per sqft, 30% below what two-beds in Mag 218 Tower were fetching at the time (AED 800). 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. 3305's AED 120,000 is in the lower half 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 33rd floor

All 550 units in Mag 218 Tower
Value
33012-bedAED 2.15M · Jul 2013
33021-bedAED 750K · Sep 2020
33031-bedAED 1.24M · Aug 2015
33041-bedAED 1.05M · May 2024
3306AED 1.98M · Mar 2023
33071-bedAED 1.15M · May 2024
33081-bedAED 1.08M · Dec 2022
1–7 of 9

3305, Mag 218 Tower in numbers

  • Sold twice: first on 24 February 2011 for AED 1,441,055, last on 2 November 2011 for AED 1,000,000 (AED 562 per sqft).
  • Rented since July 2015 on 7 Ejari contracts. The rent fell from AED 155,000 to AED 80,000 in 2020 and recovered to AED 120,000 by November 2024.
  • At AED 120,000 a year the gross yield on the 2011 price is 12.0%, before a service charge of about AED 25,900 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: Dubai Land Department. Updated 15 November 2024.

Questions about 3305, Mag 218 Tower

What did unit 3305 last sell for?

AED 1,000,000 on 2 November 2011: AED 562 per sqft for 1,779 sqft. The unit has 2 registered sales; the first was AED 1,441,055 in February 2011.

What is the rent for unit 3305?

AED 120,000 a year on the contract signed on 15 November 2024. The previous contract, from July 2023, was AED 110,000; the unit has been rented since July 2015.

How big is unit 3305?

1,779 sqft (165.3 sqm): a two-bedroom apartment on the 33rd floor of a 55-storey tower completed in 2010.

What is unit 3305 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 3305, Mag 218 Tower

Starts from the last sale price (AED 1M, 2 November 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

Plus AED 47,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →