1610, Mag 218 Tower
Sold prices and rental history: sold 3 times, last in November 2011, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1610, Mag 218 Tower
What is 1610 worth today?
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Source: Dubai Land Department. Updated 19 November 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,742 sqft
- Floor
- 16th of 55
- Parking
- 2B79
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 25,300 /yr
- Last sold
- AED 1.4M · November 2011
- Building
- Mag 218 Tower
About 1610, Mag 218 Tower
1610 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 30 November 2011 for AED 1,400,000, or AED 803 per sqft, in line with the AED 800 two-beds in the building were fetching at the time.
It has been rented since 2015 on 3 Ejari contracts. The current contract, renewed on 19 November 2022, is AED 50,000 a year: a gross yield of 3.6% on the 2011 price, before the service charge of about AED 25,300 a year.
Sales and rents for 1610 over time
1610 has sold 3 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 1610 sits
All 222 2-beds →1610 last sold in November 2011 at AED 803 per sqft, in line with what two-beds in Mag 218 Tower were fetching at the time (AED 800). 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. 1610's AED 50,000 is at the bottom 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 | |||||
|---|---|---|---|---|---|
| 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 | |
| 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, Mag 218 Tower in numbers
- Sold 3 times: first on 6 July 2009 for AED 1,277,088, last on 30 November 2011 for AED 1,400,000 (AED 803 per sqft).
- Rented since September 2015 on 3 Ejari contracts, from AED 49,931 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2011 price is 3.6%, 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 19 November 2022.
Questions about 1610, Mag 218 Tower
What did unit 1610 last sell for?
AED 1,400,000 on 30 November 2011: AED 803 per sqft for 1,742 sqft. The unit has 3 registered sales; the first was AED 1,277,088 in July 2009.
What is the rent for unit 1610?
AED 50,000 a year on the contract renewed on 19 November 2022. The previous contract, from November 2021, was AED 50,000; the unit has been rented since September 2015.
How big is unit 1610?
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 1610 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 1610, Mag 218 Tower
Starts from the last sale price (AED 1.4M, 30 November 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 1,400,000
- Deposit, UAE resident (20%)
- AED 280,000
- Deposit, non-resident (40%)
- AED 560,000
- Monthly over 25 years at 3.7%
- AED 5,728
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →