1301, Mag 218 Tower
Sold prices and rental history: sold twice, last in April 2016, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1301, Mag 218 Tower
What is 1301 worth today?
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Source: Dubai Land Department. Updated 5 October 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,742 sqft
- Floor
- 13th of 55
- Parking
- 2B48
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 25,300 /yr
- Last sold
- AED 1.6M · April 2016
- Building
- Mag 218 Tower
About 1301, Mag 218 Tower
1301 is a two-bedroom apartment of 1,742 sqft on the 13th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 3 April 2016 for AED 1,600,000, or AED 918 per sqft, 14% below the AED 1,065 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 5 October 2021, is AED 80,500 a year: a gross yield of 5.0% on the 2016 price, before the service charge of about AED 25,300 a year.
Sales and rents for 1301 over time
1301 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 1301 sits
All 222 2-beds →1301 last sold in April 2016 at AED 918 per sqft, 14% below what two-beds in Mag 218 Tower were fetching at the time (AED 1,065). Over the last 12 months two-beds sold for AED 1,600,000 to 2,500,000, around AED 1,273 per sqft, and rent for AED 70,000 to 275,000 a year. 1301's AED 80,500 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Oct 20267 October 2026 | 1,723 sqft | 1,600,000 | 928 | ||
| 25 Sep 202625 September 2026 | 1,798 sqft | 2,100,000 | 1,167 | ||
| 24 Jun 202624 June 2026 | 1,723 sqft | 2,040,000 | 1,183 | ||
| 19 May 202619 May 2026 | 1,798 sqft | 2,450,000 | 1,362 |
Mag 218 Tower
Building550 apartments, 1-bed to 2-bed over 55 floors in Dubai Marina, completed in 2010 by Dream Estate. 27 sold in the last 12 months.
- Typical price per sqft
- AED 1,362 Up 4.0%
- Typical sale
- AED 1.26M
- Typical rent
- AED 87K /yr
- Typical yield
- 6.3%
Other units on the 13th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1302 | 1-bed | 875 sqft | AED 1.05MAED 1,050,000 · Jun 2013June 2013 | 77,000 /yr | |
| 1303 | 1-bed | 844 sqft | AED 621KAED 620,761 · May 2011May 2011 | 80,000 /yr | |
| 1304 | 1-bed | 875 sqft | AED 745KAED 745,363 · Jul 2009July 2009 | 70,000 /yr | |
| 1305 | 2-bed | 1,742 sqft | AED 1.7MAED 1,695,195 · Nov 2011November 2011 | 135,000 /yr | |
| 1306 | 2-bed | 1,742 sqft | AED 2.4MAED 2,400,000 · May 2014May 2014 | 100,000 /yr | |
| 1307 | 1-bed | 875 sqft | AED 1.15MAED 1,150,000 · Sep 2026September 2026 | 90,000 /yr | |
| 1308 | 1-bed | 844 sqft | AED 875KAED 875,000 · Jun 2024June 2024 | 90,000 /yr | |
| 1309 | 1-bed | 875 sqft | AED 678KAED 677,603 · Jul 2013July 2013 | 83,000 /yr | |
| 1310 | 2-bed | 1,742 sqft | AED 2.2MAED 2,200,000 · Dec 2013December 2013 | 117,150 /yr |
1301, Mag 218 Tower in numbers
- Sold twice: first on 8 February 2012 for AED 1,428,506, last on 3 April 2016 for AED 1,600,000 (AED 918 per sqft).
- Rented since December 2014 on 6 Ejari contracts. The rent fell from AED 112,000 to AED 70,000 in 2020 and recovered to AED 80,500 by October 2021.
- At AED 80,500 a year the gross yield on the 2016 price is 5.0%, before a service charge of about AED 25,300 a year (AED 14.54 per sqft).
- Two-beds in Mag 218 Tower sold for AED 1,600,000–2,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,362 per sqft.
Source: Dubai Land Department. Updated 5 October 2021.
Questions about 1301, Mag 218 Tower
What did unit 1301 last sell for?
AED 1,600,000 on 3 April 2016: AED 918 per sqft for 1,742 sqft. The unit has 2 registered sales; the first was AED 1,428,506 in February 2012.
What is the rent for unit 1301?
AED 80,500 a year on the contract renewed on 5 October 2021. The previous contract, from October 2020, was AED 70,000; the unit has been rented since December 2014.
How big is unit 1301?
1,742 sqft (161.8 sqm): a two-bedroom apartment on the 13th floor of a 55-storey tower completed in 2010.
What is unit 1301 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 1,600,000 to 2,500,000 in the last 12 months, around AED 1,273 per sqft.
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Mortgage on 1301, Mag 218 Tower
Starts from the last sale price (AED 1.6M, 3 April 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,600,000
- Deposit, UAE resident (20%)
- AED 320,000
- Deposit, non-resident (40%)
- AED 640,000
- Monthly over 25 years at 3.7%
- AED 6,546
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →