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1-bed · 844 sqftMag 218 Tower, Dubai Marina · 15th floor · completed 2010

1508, Mag 218 Tower

Sold prices and rental history: sold 3 times, last in August 2020, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1508 · DLD and Ejari recordsUpdated 24 August 2020
Last soldAED 700K24 August 2020
Current rentAED 60K /yr12 April 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1508, Mag 218 Tower

What is 1508 worth today?

Last sold for AED 700,000 in 2020

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24 Aug 2020SoldReady
AED 700,000AED 829 per sqft
12 Apr 2020RentedNew contract
AED 60,000/yr12 months · AED 71 per sqft
19 Apr 2016SoldReady
AED 1,100,000AED 1,303 per sqft
10 Feb 2015RentedNew contract
AED 100,000/yr12 months · AED 119 per sqft
20 Jan 2013Sold by developerReady
AED 656,597AED 777 per sqft

Source: Dubai Land Department. Updated 24 August 2020.

Key facts

Type
1-bed apartment
Size
844 sqft
Floor
15th of 55
Parking
2B56
Developer
Dream Estate
Completed
2010
Service charge
AED 12,300 /yr
Last sold
AED 700K · August 2020
Building
Mag 218 Tower

About 1508, Mag 218 Tower

1508 is a one-bedroom apartment of 844 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 24 August 2020 for AED 700,000, or AED 829 per sqft, 4% below the AED 863 one-beds in the building were fetching at the time.

It has been rented since 2015 on 2 Ejari contracts. The current contract, signed on 12 April 2020, is AED 60,000 a year: a gross yield of 8.6% on the 2020 price, before the service charge of about AED 12,300 a year.

Sales and rents for 1508 over time

Sales
Unit 1508, each saleTypical one-bed in Mag 218 Tower
1M2005201120172023Typical sale price by year: 2005 AED 721,665; 2006 AED 715,202; 2008 AED 781,429; 2009 AED 683,640; 2010 AED 724,314; 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 1,075,000; 2018 AED 995,920; 2019 AED 850,000; 2020 AED 740,000; 2021 AED 779,500; 2022 AED 900,000; 2023 AED 1,000,000; 2024 AED 1,135,000; 2025 AED 1,187,500; 2026 AED 1,185,000Sold by developer, January 2013: AED 656,597 (AED 777 per sqft)Sold, April 2016: AED 1,100,000 (AED 1,303 per sqft)Sold, August 2020: AED 700,000 (AED 829 per sqft)

1508 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1508, each contractTypical one-bed in Mag 218 Tower
50K75K100K2012201620202024Typical rent by year: 2012 AED 65,000; 2013 AED 78,750; 2014 AED 85,675; 2015 AED 92,000; 2016 AED 90,000; 2017 AED 85,000; 2018 AED 78,000; 2019 AED 70,000; 2020 AED 55,000; 2021 AED 52,000; 2022 AED 61,700; 2023 AED 70,350; 2024 AED 81,000; 2025 AED 84,525; 2026 AED 80,000New contract, February 2015: AED 100,000 a yearNew contract, April 2020: 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 1508 sits

All 333 1-beds →

1508 last sold in August 2020 at AED 829 per sqft, 4% below what one-beds in Mag 218 Tower were fetching at the time (AED 863). 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. 1508's AED 60,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Sep 20261,050,000
4 Sep 20261,150,000
14 Jul 20261,230,000
7 Jul 20261,250,000
19 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. 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
15012-bedAED 2.2M · Feb 2014
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
1–7 of 9

1508, Mag 218 Tower in numbers

  • Sold 3 times: first on 20 January 2013 for AED 656,597, last on 24 August 2020 for AED 700,000 (AED 829 per sqft).
  • Rented since February 2015 on 2 Ejari contracts, from AED 100,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2020 price is 8.6%, 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 1,025,000–1,600,000 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 24 August 2020.

Questions about 1508, Mag 218 Tower

What did unit 1508 last sell for?

AED 700,000 on 24 August 2020: AED 829 per sqft for 844 sqft. The unit has 3 registered sales; the first was AED 656,597 in January 2013.

What is the rent for unit 1508?

AED 60,000 a year on the contract signed on 12 April 2020. The previous contract, from February 2015, was AED 100,000.

How big is unit 1508?

844 sqft (78.4 sqm): a one-bedroom apartment on the 15th floor of a 55-storey tower completed in 2010.

What is unit 1508 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 1508, Mag 218 Tower

Starts from the last sale price (AED 700K, 24 August 2020). Switch to today's estimate once you have unlocked it.
Price
AED 700,000
Deposit, UAE resident (20%)
AED 140,000
Deposit, non-resident (40%)
AED 280,000
Monthly over 25 years at 3.7%
AED 2,864

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