1608, Mag 218 Tower
Sold prices and rental history: sold 3 times, last in March 2020, 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 1608, Mag 218 Tower
What is 1608 worth today?
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Source: Dubai Land Department. Updated 8 March 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 844 sqft
- Floor
- 16th of 55
- Parking
- 2B61
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 12,300 /yr
- Last sold
- AED 740K · March 2020
- Building
- Mag 218 Tower
About 1608, Mag 218 Tower
1608 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. It last sold on 19 March 2020 for AED 740,000, or AED 876 per sqft, 3% below the AED 907 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 8 March 2022, is AED 55,000 a year: a gross yield of 7.4% on the 2020 price, before the service charge of about AED 12,300 a year.
Sales and rents for 1608 over time
1608 has sold 3 times; 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 1608 sits
All 333 1-beds →1608 last sold in March 2020 at AED 876 per sqft, 3% below what one-beds in Mag 218 Tower were fetching at the time (AED 907). 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. 1608's AED 55,000 is at the bottom 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 | |
| 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 | |
| 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 |
1608, Mag 218 Tower in numbers
- Sold 3 times: first on 20 January 2013 for AED 658,179, last on 19 March 2020 for AED 740,000 (AED 876 per sqft).
- Rented since August 2013 on 8 Ejari contracts, from AED 70,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2020 price is 7.4%, 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 8 March 2022.
Questions about 1608, Mag 218 Tower
What did unit 1608 last sell for?
AED 740,000 on 19 March 2020: AED 876 per sqft for 844 sqft. The unit has 3 registered sales; the first was AED 658,179 in January 2013.
What is the rent for unit 1608?
AED 55,000 a year on the contract renewed on 8 March 2022. The previous contract, from March 2021, was AED 50,000; the unit has been rented since August 2013.
How big is unit 1608?
844 sqft (78.4 sqm): a one-bedroom apartment on the 16th floor of a 55-storey tower completed in 2010.
What is unit 1608 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 1608, Mag 218 Tower
Starts from the last sale price (AED 740K, 19 March 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 740,000
- Deposit, UAE resident (20%)
- AED 148,000
- Deposit, non-resident (40%)
- AED 296,000
- Monthly over 25 years at 3.7%
- AED 3,028
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →