1604, Mag 218 Tower
Sold prices and rental history: sold once, by the developer in February 2011, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1604, Mag 218 Tower
What is 1604 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 3 November 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 875 sqft
- Floor
- 16th of 55
- Parking
- 2B64
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 12,700 /yr
- Last sold
- AED 683K · February 2011
- Building
- Mag 218 Tower
About 1604, Mag 218 Tower
1604 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. The developer sold it on 24 February 2011 for AED 682,525, or AED 780 per sqft, in line with the AED 800 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, signed on 3 November 2024, is AED 80,000 a year: a gross yield of 11.7% on the 2011 price, before the service charge of about AED 12,700 a year.
Sales and rents for 1604 over time
1604 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 1604 sits
All 333 1-beds →1604 last sold in February 2011 at AED 780 per sqft, in line with 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. 1604's AED 80,000 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 | |
| 1603 | 1-bed | 844 sqft | AED 632KAED 631,852 · Mar 2011March 2011 | 70,000 /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 |
1604, Mag 218 Tower in numbers
- Sold once: by Dream Estate on 24 February 2011 for AED 682,525, or AED 780 per sqft.
- Rented since June 2016 on 9 Ejari contracts. The rent fell from AED 85,000 to AED 52,000 in 2021 and recovered to AED 80,000 by November 2024.
- At AED 80,000 a year the gross yield on the 2011 price is 11.7%, 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 3 November 2024.
Questions about 1604, Mag 218 Tower
What did unit 1604 last sell for?
AED 682,525 on 24 February 2011, sold by the developer: AED 780 per sqft for 875 sqft. It is the only registered sale of the unit.
What is the rent for unit 1604?
AED 80,000 a year on the contract signed on 3 November 2024. The previous contract, from July 2023, was AED 65,780; the unit has been rented since June 2016.
How big is unit 1604?
875 sqft (81.3 sqm): a one-bedroom apartment on the 16th floor of a 55-storey tower completed in 2010.
What is unit 1604 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.
Selling 1604? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1604, Mag 218 Tower
Starts from the last sale price (AED 683K, 24 February 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 682,525
- Deposit, UAE resident (20%)
- AED 136,505
- Deposit, non-resident (40%)
- AED 273,010
- Monthly over 25 years at 3.7%
- AED 2,792
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →