701, Mag 218 Tower
Sold prices and rental history: sold twice, last in April 2015, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Mag 218 Tower
What is 701 worth today?
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Source: Dubai Land Department. Updated 21 July 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,723 sqft
- Floor
- 7th of 55
- Parking
- 2B39
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 25,100 /yr
- Last sold
- AED 1.97M · April 2015
- Building
- Mag 218 Tower
About 701, Mag 218 Tower
701 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 7 April 2015 for AED 1,970,000, or AED 1,143 per sqft, 7% below the AED 1,227 two-beds in the building were fetching at the time.
It has been rented continuously since 2011 on 11 Ejari contracts. The current contract, renewed on 21 July 2023, is AED 85,000 a year: a gross yield of 4.3% on the 2015 price, before the service charge of about AED 25,100 a year.
Sales and rents for 701 over time
701 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 701 sits
All 218 2-beds →701 last sold in April 2015 at AED 1,143 per sqft, 7% below what two-beds in Mag 218 Tower were fetching at the time (AED 1,227). 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. 701's AED 85,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Jan 202614 January 2026 | 1,779 sqft | 2,430,000 | 1,365 | ||
| 6 Jan 20266 January 2026 | 1,723 sqft | 2,000,000 | 1,160 | ||
| 21 Jul 202521 July 2025 | 1,742 sqft | 2,350,000 | 1,348 | ||
| 26 Jun 202526 June 2025 | 1,742 sqft | 2,280,000 | 1,308 |
Mag 218 Tower
Building550 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%
Other units on the 7th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 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 | ||
| 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 | 71,000 /yr | |
| 708 | 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 | 114,000 /yr |
701, Mag 218 Tower in numbers
- Sold twice: first on 11 March 2013 for AED 1,600,000, last on 7 April 2015 for AED 1,970,000 (AED 1,143 per sqft).
- Rented since December 2011 on 11 Ejari contracts, at AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2015 price is 4.3%, 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 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 21 July 2023.
Questions about 701, Mag 218 Tower
What did unit 701 last sell for?
AED 1,970,000 on 7 April 2015: AED 1,143 per sqft for 1,723 sqft. The unit has 2 registered sales; the first was AED 1,600,000 in March 2013.
What is the rent for unit 701?
AED 85,000 a year on the contract renewed on 21 July 2023. The previous contract, from July 2022, was AED 85,000; the unit has been rented since December 2011.
How big is unit 701?
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 701 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 701, Mag 218 Tower
Starts from the last sale price (AED 1.97M, 7 April 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,970,000
- Deposit, UAE resident (20%)
- AED 394,000
- Deposit, non-resident (40%)
- AED 788,000
- Monthly over 25 years at 3.7%
- AED 8,060
Plus AED 87,750 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →