1509, Mag 218 Tower
Sold prices and rental history: sold twice, last in December 2011, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1509, Mag 218 Tower
What is 1509 worth today?
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Source: Dubai Land Department. Updated 23 December 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 875 sqft
- Floor
- 15th of 55
- Parking
- 2B55
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 12,700 /yr
- Last sold
- AED 1.02M · December 2011
- Building
- Mag 218 Tower
About 1509, Mag 218 Tower
1509 is a one-bedroom apartment of 875 sqft on the 15th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. The developer sold it on 12 December 2011 for AED 1,020,000, or AED 1,165 per sqft, 46% above the AED 800 one-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, renewed on 23 December 2022, is AED 66,150 a year: a gross yield of 6.5% on the 2011 price, before the service charge of about AED 12,700 a year.
Sales and rents for 1509 over time
1509 has sold twice; 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 1509 sits
All 333 1-beds →1509 last sold in December 2011 at AED 1,165 per sqft, 46% above what one-beds in Mag 218 Tower were fetching at the time (AED 800). 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. 1509's AED 66,150 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 15th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,742 sqft | AED 2.2MAED 2,200,000 · Feb 2014February 2014 | ||
| 1502 | 1-bed | 875 sqft | AED 749KAED 748,973 · May 2013May 2013 | 75,000 /yr | |
| 1503 | 1-bed | 844 sqft | AED 750KAED 750,000 · Jan 2012January 2012 | 80,000 /yr | |
| 1504 | 1-bed | 437 sqft | AED 930KAED 930,000 · Nov 2023November 2023 | 66,000 /yr | |
| 1505 | 2-bed | 1,742 sqft | AED 1.7MAED 1,703,424 · Oct 2013October 2013 | 275,000 /yr | |
| 1506 | 2-bed | 1,742 sqft | AED 2.2MAED 2,200,000 · Jun 2024June 2024 | 90,000 /yr | |
| 1507 | 1-bed | 875 sqft | AED 1.1MAED 1,100,000 · Apr 2016April 2016 | 50,000 /yr | |
| 1508 | 1-bed | 844 sqft | AED 700KAED 700,000 · Aug 2020August 2020 | 60,000 /yr | |
| 1510 | 2-bed | 1,742 sqft | AED 1.43MAED 1,430,000 · Oct 2012October 2012 | 123,000 /yr |
1509, Mag 218 Tower in numbers
- Sold twice: first on 12 December 2011 for AED 660,457, last on 12 December 2011 for AED 1,020,000 (AED 1,165 per sqft).
- Rented since October 2012 on 8 Ejari contracts. The rent fell from AED 75,000 to AED 47,000 in 2020 and recovered to AED 66,150 by December 2022.
- At AED 66,150 a year the gross yield on the 2011 price is 6.5%, 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 23 December 2022.
Questions about 1509, Mag 218 Tower
What did unit 1509 last sell for?
AED 1,020,000 on 12 December 2011, sold by the developer: AED 1,165 per sqft for 875 sqft. The unit has 2 registered sales; the first was AED 660,457 in December 2011.
What is the rent for unit 1509?
AED 66,150 a year on the contract renewed on 23 December 2022. The previous contract, from December 2021, was AED 63,000; the unit has been rented since October 2012.
How big is unit 1509?
875 sqft (81.3 sqm): a one-bedroom apartment on the 15th floor of a 55-storey tower completed in 2010.
What is unit 1509 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 1509, Mag 218 Tower
Starts from the last sale price (AED 1.02M, 12 December 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 1,020,000
- Deposit, UAE resident (20%)
- AED 204,000
- Deposit, non-resident (40%)
- AED 408,000
- Monthly over 25 years at 3.7%
- AED 4,173
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →