1603, Mag 218 Tower
Sold prices and rental history: sold once, by the developer in March 2011, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Mag 218 Tower
What is 1603 worth today?
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Source: Dubai Land Department. Updated 25 October 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 844 sqft
- Floor
- 16th of 55
- Parking
- 2B76
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 12,300 /yr
- Last sold
- AED 632K · March 2011
- Building
- Mag 218 Tower
About 1603, Mag 218 Tower
1603 is a one-bedroom apartment of 844 sqft on the 16th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. The developer sold it on 6 March 2011 for AED 631,852, or AED 748 per sqft, 6% below the AED 799 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 11 Ejari contracts. The current contract, renewed on 25 October 2026, is AED 70,000 a year: a gross yield of 11.1% on the 2011 price, before the service charge of about AED 12,300 a year.
Sales and rents for 1603 over time
1603 has sold once; 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 1603 sits
All 333 1-beds →1603 last sold in March 2011 at AED 748 per sqft, 6% below what one-beds in Mag 218 Tower were fetching at the time (AED 799). 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. 1603's AED 70,000 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 | |
| 1602 | 1-bed | 875 sqft | AED 1.1MAED 1,100,000 · Aug 2017August 2017 | 93,000 /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 |
1603, Mag 218 Tower in numbers
- Sold once: by Dream Estate on 6 March 2011 for AED 631,852, or AED 748 per sqft.
- Rented since July 2017 on 11 Ejari contracts. The rent fell from AED 85,000 to AED 42,000 in 2020 and recovered to AED 70,000 by October 2026.
- At AED 70,000 a year the gross yield on the 2011 price is 11.1%, 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 25 October 2026.
Questions about 1603, Mag 218 Tower
What did unit 1603 last sell for?
AED 631,852 on 6 March 2011, sold by the developer: AED 748 per sqft for 844 sqft. It is the only registered sale of the unit.
What is the rent for unit 1603?
AED 70,000 a year on the contract renewed on 25 October 2026. The previous contract, from October 2025, was AED 80,000; the unit has been rented since July 2017.
How big is unit 1603?
844 sqft (78.4 sqm): a one-bedroom apartment on the 16th floor of a 55-storey tower completed in 2010.
What is unit 1603 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 1603, Mag 218 Tower
Starts from the last sale price (AED 632K, 6 March 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 631,852
- Deposit, UAE resident (20%)
- AED 126,370
- Deposit, non-resident (40%)
- AED 252,741
- Monthly over 25 years at 3.7%
- AED 2,585
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →