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1-bed · 864 sqftMag 218 Tower, Dubai Marina · 7th floor · completed 2010

707, Mag 218 Tower

Sold prices and rental history: sold twice, last in January 2011, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 707 · DLD and Ejari recordsUpdated 1 December 2024
Last soldAED 660K2 January 2011
Current rentAED 71K /yr1 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 707, Mag 218 Tower

What is 707 worth today?

Last sold for AED 659,545 in 2011

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1 Dec 2024RentedRenewal
AED 71,000/yr12 months · AED 82 per sqft
1 Dec 2023RentedRenewal
AED 71,000/yr12 months · AED 82 per sqft
2 Jan 2011SoldReady
AED 659,545AED 763 per sqft
6 Jul 2009Sold by developerOff-plan
AED 659,545AED 763 per sqft

Source: Dubai Land Department. Updated 1 December 2024.

Key facts

Type
1-bed apartment
Size
864 sqft
Floor
7th of 55
Parking
4P20
Developer
Dream Estate
Completed
2010
Service charge
AED 12,600 /yr
Last sold
AED 660K · January 2011
Building
Mag 218 Tower

About 707, Mag 218 Tower

707 is a one-bedroom apartment of 864 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 2 January 2011 for AED 659,545, or AED 763 per sqft, 5% below the AED 803 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 1 December 2024, is AED 71,000 a year: a gross yield of 10.8% on the 2011 price, before the service charge of about AED 12,600 a year.

Sales and rents for 707 over time

Sales
Unit 707, 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 2009: AED 659,545 (AED 763 per sqft)Sold, January 2011: AED 659,545 (AED 763 per sqft)

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

Rents
Unit 707, 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, December 2023: AED 71,000 a yearRenewal, December 2024: AED 71,000 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 707 sits

All 326 1-beds →

707 last sold in January 2011 at AED 763 per sqft, 5% below what one-beds in Mag 218 Tower were fetching at the time (AED 803). 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. 707's AED 71,000 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
7031-bedAED 644K · Jul 2013
7041-bedAED 820K · Dec 2022
7052-bedAED 1.62M · Feb 2011
7062-bedAED 868K · Jun 2022
708AED 1.3M · Nov 2025
1–7 of 9

707, Mag 218 Tower in numbers

  • Sold twice: first on 6 July 2009 for AED 659,545, last on 2 January 2011 for AED 659,545 (AED 763 per sqft).
  • Rented since December 2023 on 2 Ejari contracts, at AED 71,000 a year.
  • At AED 71,000 a year the gross yield on the 2011 price is 10.8%, before a service charge of about AED 12,600 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 1 December 2024.

Questions about 707, Mag 218 Tower

What did unit 707 last sell for?

AED 659,545 on 2 January 2011: AED 763 per sqft for 864 sqft. The unit has 2 registered sales; the first was AED 659,545 in July 2009.

What is the rent for unit 707?

AED 71,000 a year on the contract renewed on 1 December 2024. The previous contract, from December 2023, was AED 71,000.

How big is unit 707?

864 sqft (80.3 sqm): a one-bedroom apartment on the 7th floor of a 55-storey tower completed in 2010.

What is unit 707 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 707, Mag 218 Tower

Starts from the last sale price (AED 660K, 2 January 2011). Switch to today's estimate once you have unlocked it.
Price
AED 659,545
Deposit, UAE resident (20%)
AED 131,909
Deposit, non-resident (40%)
AED 263,818
Monthly over 25 years at 3.7%
AED 2,698

Plus AED 32,711 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →