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1-bed · 844 sqftMag 218 Tower, Dubai Marina · 7th floor · completed 2010

703, Mag 218 Tower

Sold prices and rental history: sold once, by the developer in July 2013, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 20 July 2019
Last soldAED 644K25 July 2013
Current rentAED 60K /yr20 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 703, Mag 218 Tower

What is 703 worth today?

Last sold for AED 643,939 in 2013

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20 Jul 2019RentedNew contract
AED 60,000/yr12 months · AED 71 per sqft
1 Aug 2016RentedRenewal
AED 82,500/yr12 months · AED 98 per sqft
25 Jul 2013Sold by developerReady
AED 643,939AED 762 per sqft

Source: Dubai Land Department. Updated 20 July 2019.

Key facts

Type
1-bed apartment
Size
844 sqft
Floor
7th of 55
Parking
3B36
Developer
Dream Estate
Completed
2010
Service charge
AED 12,300 /yr
Last sold
AED 644K · July 2013
Building
Mag 218 Tower

About 703, Mag 218 Tower

703 is a one-bedroom apartment of 844 sqft on the 7th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. The developer sold it on 25 July 2013 for AED 643,939, or AED 762 per sqft, 12% below the AED 869 one-beds in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 20 July 2019, is AED 60,000 a year: a gross yield of 9.3% on the 2013 price, before the service charge of about AED 12,300 a year.

Sales and rents for 703 over time

Sales
Unit 703, each saleTypical one-bed in Mag 218 Tower
1M2005201120172023Typical sale price by year: 2005 AED 721,665; 2006 AED 715,202; 2009 AED 683,640; 2010 AED 723,727; 2011 AED 704,666; 2012 AED 727,380; 2013 AED 982,500; 2014 AED 1,350,000; 2015 AED 1,217,500; 2016 AED 1,100,000; 2017 AED 1,050,000; 2018 AED 995,920; 2019 AED 860,000; 2020 AED 740,000; 2021 AED 779,500; 2022 AED 900,000; 2023 AED 1,000,000; 2024 AED 1,135,000; 2025 AED 1,170,000; 2026 AED 1,260,000Sold by developer, July 2013: AED 643,939 (AED 762 per sqft)

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

Rents
Unit 703, each contractTypical one-bed in Mag 218 Tower
60K80K100K2012201620202024Typical rent by year: 2012 AED 65,000; 2013 AED 78,750; 2014 AED 85,000; 2015 AED 92,751; 2016 AED 90,000; 2017 AED 85,000; 2018 AED 78,000; 2019 AED 70,000; 2020 AED 55,500; 2021 AED 52,000; 2022 AED 62,050; 2023 AED 70,350; 2024 AED 81,450; 2025 AED 84,000; 2026 AED 85,000Renewal, August 2016: AED 82,500 a yearNew contract, July 2019: AED 60,000 a year

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

1-beds in Mag 218 Tower, and where 703 sits

All 326 1-beds →

703 last sold in July 2013 at AED 762 per sqft, 12% below what one-beds in Mag 218 Tower were fetching at the time (AED 869). Over the last 12 months one-beds sold for AED 1,100,000 to 1,600,000, around AED 1,403 per sqft, and rent for AED 75,075 to 160,000 a year. 703's AED 60,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
5 Feb 20261,190,000
4 Feb 20261,260,000
2 Feb 20261,270,000
23 Dec 20251,120,000
8 1-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 7th floor

All 550 units in Mag 218 Tower
Value
7012-bedAED 1.97M · Apr 2015
7021-bedAED 660K · Feb 2011
7041-bedAED 820K · Dec 2022
7052-bedAED 1.62M · Feb 2011
7062-bedAED 868K · Jun 2022
7071-bedAED 660K · Jan 2011
708AED 1.3M · Nov 2025
1–7 of 9

703, Mag 218 Tower in numbers

  • Sold once: by Dream Estate on 25 July 2013 for AED 643,939, or AED 762 per sqft.
  • Rented since August 2016 on 2 Ejari contracts, from AED 82,500 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2013 price is 9.3%, before a service charge of about AED 12,300 a year (AED 14.54 per sqft).
  • One-beds in Mag 218 Tower sold for AED 1,100,000–1,600,000 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 20 July 2019.

Questions about 703, Mag 218 Tower

What did unit 703 last sell for?

AED 643,939 on 25 July 2013, sold by the developer: AED 762 per sqft for 844 sqft. It is the only registered sale of the unit.

What is the rent for unit 703?

AED 60,000 a year on the contract signed on 20 July 2019. The previous contract, from August 2016, was AED 82,500.

How big is unit 703?

844 sqft (78.4 sqm): a one-bedroom apartment on the 7th floor of a 55-storey tower completed in 2010.

What is unit 703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mag 218 Tower sold for AED 1,100,000 to 1,600,000 in the last 12 months, around AED 1,403 per sqft.

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Mortgage on 703, Mag 218 Tower

Starts from the last sale price (AED 644K, 25 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 643,939
Deposit, UAE resident (20%)
AED 128,788
Deposit, non-resident (40%)
AED 257,576
Monthly over 25 years at 3.7%
AED 2,635

Plus AED 32,056 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →