1602, Mag 218 Tower
Sold prices and rental history: sold twice, last in August 2017, 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 1602, Mag 218 Tower
What is 1602 worth today?
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Source: Dubai Land Department. Updated 17 August 2017.
Key facts
- Type
- 1-bed apartment
- Size
- 875 sqft
- Floor
- 16th of 55
- Parking
- 2B75
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 12,700 /yr
- Last sold
- AED 1.1M · August 2017
- Building
- Mag 218 Tower
About 1602, Mag 218 Tower
1602 is a one-bedroom apartment of 875 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 17 August 2017 for AED 1,100,000, or AED 1,257 per sqft, in line with the AED 1,266 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, renewed on 10 January 2017, is AED 93,000 a year: a gross yield of 8.5% on the 2017 price, before the service charge of about AED 12,700 a year.
Sales and rents for 1602 over time
1602 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 1602 sits
All 333 1-beds →1602 last sold in August 2017 at AED 1,257 per sqft, in line with what one-beds in Mag 218 Tower were fetching at the time (AED 1,266). 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. 1602's AED 93,000 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 16th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,742 sqft | AED 1.9MAED 1,900,000 · Feb 2015February 2015 | 107,415 /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 |
1602, Mag 218 Tower in numbers
- Sold twice: first on 19 April 2011 for AED 682,525, last on 17 August 2017 for AED 1,100,000 (AED 1,257 per sqft).
- Rented since January 2014 on 4 Ejari contracts, from AED 85,000 to AED 93,000 a year.
- At AED 93,000 a year the gross yield on the 2017 price is 8.5%, 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 17 August 2017.
Questions about 1602, Mag 218 Tower
What did unit 1602 last sell for?
AED 1,100,000 on 17 August 2017: AED 1,257 per sqft for 875 sqft. The unit has 2 registered sales; the first was AED 682,525 in April 2011.
What is the rent for unit 1602?
AED 93,000 a year on the contract renewed on 10 January 2017. The previous contract, from January 2016, was AED 98,250; the unit has been rented since January 2014.
How big is unit 1602?
875 sqft (81.3 sqm): a one-bedroom apartment on the 16th floor of a 55-storey tower completed in 2010.
What is unit 1602 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 1602, Mag 218 Tower
Starts from the last sale price (AED 1.1M, 17 August 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,100,000
- Deposit, UAE resident (20%)
- AED 220,000
- Deposit, non-resident (40%)
- AED 440,000
- Monthly over 25 years at 3.7%
- AED 4,500
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →