1601, Mag 218 Tower
Sold prices and rental history: sold 4 times, last in February 2015, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, Mag 218 Tower
What is 1601 worth today?
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Source: Dubai Land Department. Updated 1 June 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,742 sqft
- Floor
- 16th of 55
- Parking
- 2B74
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 25,300 /yr
- Last sold
- AED 1.9M · February 2015
- Building
- Mag 218 Tower
About 1601, Mag 218 Tower
1601 is a two-bedroom apartment of 1,742 sqft on the 16th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 25 February 2015 for AED 1,900,000, or AED 1,090 per sqft, 16% below the AED 1,291 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, renewed on 1 June 2026, is AED 107,415 a year: a gross yield of 5.7% on the 2015 price, before the service charge of about AED 25,300 a year.
Sales and rents for 1601 over time
1601 has sold 4 times; 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 1601 sits
All 222 2-beds →1601 last sold in February 2015 at AED 1,090 per sqft, 16% below what two-beds in Mag 218 Tower were fetching at the time (AED 1,291). 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. 1601's AED 107,415 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 16th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | 1-bed | 875 sqft | AED 1.1MAED 1,100,000 · Aug 2017August 2017 | 93,000 /yr | |
| 1603 | 1-bed | 844 sqft | AED 632KAED 631,852 · Mar 2011March 2011 | 70,000 /yr | |
| 1604 | 1-bed | 875 sqft | AED 683KAED 682,525 · Feb 2011February 2011 | 80,000 /yr | |
| 1605 | 2-bed | 1,742 sqft | AED 2.15MAED 2,150,000 · Mar 2015March 2015 | 115,500 /yr | |
| 1606 | 2-bed | 1,742 sqft | AED 1.38MAED 1,375,000 · Dec 2011December 2011 | 155,000 /yr | |
| 1607 | 1-bed | 875 sqft | AED 683KAED 682,525 · May 2013May 2013 | 75,000 /yr | |
| 1608 | 1-bed | 844 sqft | AED 740KAED 740,000 · Mar 2020March 2020 | 55,000 /yr | |
| 1609 | 1-bed | 875 sqft | AED 1.15MAED 1,150,000 · Nov 2023November 2023 | 85,000 /yr | |
| 1610 | 2-bed | 1,742 sqft | AED 1.4MAED 1,400,000 · Nov 2011November 2011 | 50,000 /yr |
1601, Mag 218 Tower in numbers
- Sold 4 times: first on 20 November 2012 for AED 1,393,664, last on 25 February 2015 for AED 1,900,000 (AED 1,090 per sqft).
- Rented since April 2013 on 13 Ejari contracts, from AED 90,000 to AED 107,415 a year.
- At AED 107,415 a year the gross yield on the 2015 price is 5.7%, 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 1 June 2026.
Questions about 1601, Mag 218 Tower
What did unit 1601 last sell for?
AED 1,900,000 on 25 February 2015: AED 1,090 per sqft for 1,742 sqft. The unit has 4 registered sales; the first was AED 1,393,664 in November 2012.
What is the rent for unit 1601?
AED 107,415 a year on the contract renewed on 1 June 2026. The previous contract, from June 2024, was AED 97,650; the unit has been rented since April 2013.
How big is unit 1601?
1,742 sqft (161.8 sqm): a two-bedroom apartment on the 16th floor of a 55-storey tower completed in 2010.
What is unit 1601 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 1601, Mag 218 Tower
Starts from the last sale price (AED 1.9M, 25 February 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,900,000
- Deposit, UAE resident (20%)
- AED 380,000
- Deposit, non-resident (40%)
- AED 760,000
- Monthly over 25 years at 3.7%
- AED 7,773
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →