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2-bed · 1,742 sqftMag 218 Tower, Dubai Marina · 15th floor · completed 2010

1501, Mag 218 Tower

Sold prices and rental history: sold 3 times, last in February 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1501 · DLD and Ejari recordsUpdated 16 February 2014
Last soldAED 2.2M16 February 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1501, Mag 218 Tower

What is 1501 worth today?

Last sold for AED 2,200,000 in 2014

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16 Feb 2014SoldReady
AED 2,200,000AED 1,262 per sqft
22 May 2013SoldReady
AED 1,550,000AED 889 per sqft
21 May 2013Sold by developerReady
AED 1,407,600AED 808 per sqft

Source: Dubai Land Department. Updated 16 February 2014.

Key facts

Type
2-bed apartment
Size
1,742 sqft
Floor
15th of 55
Parking
2B80
Developer
Dream Estate
Completed
2010
Service charge
AED 25,300 /yr
Last sold
AED 2.2M · February 2014
Building
Mag 218 Tower

About 1501, Mag 218 Tower

1501 is a two-bedroom apartment of 1,742 sqft on the 15th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 16 February 2014 for AED 2,200,000, or AED 1,262 per sqft, 26% above the AED 1,003 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1501 over time

Sales
Unit 1501, each saleTypical two-bed in Mag 218 Tower
1M2M2006201220182024Typical sale price by year: 2006 AED 1,318,478; 2009 AED 1,437,450; 2010 AED 1,377,898; 2011 AED 1,423,264; 2012 AED 1,415,209; 2013 AED 1,700,000; 2014 AED 2,275,000; 2015 AED 1,950,000; 2016 AED 1,800,000; 2017 AED 1,840,000; 2018 AED 1,550,000; 2019 AED 1,215,000; 2020 AED 1,150,000; 2021 AED 1,215,000; 2022 AED 1,534,583; 2023 AED 1,797,500; 2024 AED 2,175,000; 2025 AED 2,200,000; 2026 AED 2,265,000Sold, May 2013: AED 1,550,000 (AED 889 per sqft)Sold by developer, May 2013: AED 1,407,600 (AED 808 per sqft)Sold, February 2014: AED 2,200,000 (AED 1,262 per sqft)

1501 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1501, each contractTypical two-bed in Mag 218 Tower
100K125K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 110,000; 2014 AED 130,000; 2015 AED 137,634; 2016 AED 135,000; 2017 AED 130,000; 2018 AED 120,000; 2019 AED 104,000; 2020 AED 90,000; 2021 AED 85,000; 2022 AED 96,800; 2023 AED 105,500; 2024 AED 126,000; 2025 AED 130,000; 2026 AED 126,000

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 1501 sits

All 222 2-beds →

1501 last sold in February 2014 at AED 1,262 per sqft, 26% above what two-beds in Mag 218 Tower were fetching at the time (AED 1,003). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Oct 20261,600,000
25 Sep 20262,100,000
24 Jun 20262,040,000
19 May 20262,450,000
8 2-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. 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%
Mag 218 Tower, Dubai Marina: prices, sales and rents →

Other units on the 15th floor

All 550 units in Mag 218 Tower
Value
15021-bedAED 749K · May 2013
15031-bedAED 750K · Jan 2012
15041-bedAED 930K · Nov 2023
15052-bedAED 1.7M · Oct 2013
15062-bedAED 2.2M · Jun 2024
15071-bedAED 1.1M · Apr 2016
15081-bedAED 700K · Aug 2020
1–7 of 9

1501, Mag 218 Tower in numbers

  • Sold 3 times: first on 21 May 2013 for AED 1,407,600, last on 16 February 2014 for AED 2,200,000 (AED 1,262 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 16 February 2014.

Questions about 1501, Mag 218 Tower

What did unit 1501 last sell for?

AED 2,200,000 on 16 February 2014: AED 1,262 per sqft for 1,742 sqft. The unit has 3 registered sales; the first was AED 1,407,600 in May 2013.

How big is unit 1501?

1,742 sqft (161.8 sqm): a two-bedroom apartment on the 15th floor of a 55-storey tower completed in 2010.

What is unit 1501 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 1501, Mag 218 Tower

Starts from the last sale price (AED 2.2M, 16 February 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →