1402, Mag 218 Tower
Sold prices and rental history: sold 5 times, last in April 2024, 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 1402, Mag 218 Tower
What is 1402 worth today?
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Source: Dubai Land Department. Updated 18 April 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 875 sqft
- Floor
- 14th of 55
- Parking
- 2B84
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 12,700 /yr
- Last sold
- AED 909K · April 2024
- Building
- Mag 218 Tower
About 1402, Mag 218 Tower
1402 is a one-bedroom apartment of 875 sqft on the 14th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 18 April 2024 for AED 909,000, or AED 1,038 per sqft, 19% below the AED 1,280 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 3 February 2022, is AED 100,000 a year: a gross yield of 11.0% on the 2024 price, before the service charge of about AED 12,700 a year.
Sales and rents for 1402 over time
1402 has sold 5 times; the dashed line is the one-bed median of each year in the building.
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 1402 sits
All 333 1-beds →1402 last sold in April 2024 at AED 1,038 per sqft, 19% below what one-beds in Mag 218 Tower were fetching at the time (AED 1,280). Over the last 12 months one-beds sold for AED 1,025,000 to 1,600,000, around AED 1,365 per sqft, and rent for AED 60,000 to 160,000 a year. 1402's AED 100,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Sep 202617 September 2026 | 844 sqft | 1,050,000 | 1,244 | ||
| 4 Sep 20264 September 2026 | 875 sqft | 1,150,000 | 1,314 | ||
| 14 Jul 202614 July 2026 | 864 sqft | 1,230,000 | 1,423 | ||
| 7 Jul 20267 July 2026 | 908 sqft | 1,250,000 | 1,376 |
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 14th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 2-bed | 1,742 sqft | AED 1.9MAED 1,900,000 · Feb 2015February 2015 | 140,000 /yr | |
| 1403 | 1-bed | 844 sqft | AED 825KAED 825,000 · Oct 2022October 2022 | 88,000 /yr | |
| 1404 | 1-bed | 875 sqft | AED 1.12MAED 1,120,000 · Dec 2025December 2025 | 45,000 /yr | |
| 1405 | 2-bed | 1,742 sqft | AED 1.39MAED 1,393,664 · Dec 2013December 2013 | 70,000 /yr | |
| 1406 | 2-bed | 1,742 sqft | AED 2.35MAED 2,350,000 · Jul 2025July 2025 | 141,570 /yr | |
| 1407 | 1-bed | 875 sqft | AED 1.35MAED 1,350,000 · Dec 2024December 2024 | 85,000 /yr | |
| 1408 | 1-bed | 844 sqft | AED 655KAED 655,015 · May 2013May 2013 | 67,000 /yr | |
| 1409 | 1-bed | 875 sqft | AED 1.05MAED 1,050,000 · Apr 2013April 2013 | 70,000 /yr | |
| 1410 | 2-bed | 1,742 sqft | AED 1.9MAED 1,900,000 · Aug 2015August 2015 | 114,576 /yr |
1402, Mag 218 Tower in numbers
- Sold 5 times: first on 6 July 2009 for AED 679,244, last on 18 April 2024 for AED 909,000 (AED 1,038 per sqft).
- Rented since June 2014 on 5 Ejari contracts. The rent fell from AED 100,000 to AED 80,000 in 2018 and recovered to AED 100,000 by February 2022.
- At AED 100,000 a year the gross yield on the 2024 price is 11.0%, before a service charge of about AED 12,700 a year (AED 14.54 per sqft).
- One-beds in Mag 218 Tower sold for AED 1,025,000–1,600,000 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 18 April 2024.
Questions about 1402, Mag 218 Tower
What did unit 1402 last sell for?
AED 909,000 on 18 April 2024: AED 1,038 per sqft for 875 sqft. The unit has 5 registered sales; the first was AED 679,244 in July 2009.
What is the rent for unit 1402?
AED 100,000 a year on the contract signed on 3 February 2022. The previous contract, from January 2018, was AED 80,000; the unit has been rented since June 2014.
How big is unit 1402?
875 sqft (81.3 sqm): a one-bedroom apartment on the 14th floor of a 55-storey tower completed in 2010.
What is unit 1402 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 1,025,000 to 1,600,000 in the last 12 months, around AED 1,365 per sqft.
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Mortgage on 1402, Mag 218 Tower
Starts from the last sale price (AED 909K, 18 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 909,000
- Deposit, UAE resident (20%)
- AED 181,800
- Deposit, non-resident (40%)
- AED 363,600
- Monthly over 25 years at 3.7%
- AED 3,719
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →