2208, Mag 218 Tower
Sold prices and rental history: sold 6 times, last in September 2023, 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 2208, Mag 218 Tower
What is 2208 worth today?
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Source: Dubai Land Department. Updated 9 September 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 844 sqft
- Floor
- 22nd of 55
- Parking
- 1B34
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 12,300 /yr
- Last sold
- AED 1.25M · September 2023
- Building
- Mag 218 Tower
About 2208, Mag 218 Tower
2208 is a one-bedroom apartment of 844 sqft on the 22nd floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 9 September 2023 for AED 1,250,000, or AED 1,481 per sqft, 30% above the AED 1,141 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 4 August 2022, is AED 65,000 a year: a gross yield of 5.2% on the 2023 price, before the service charge of about AED 12,300 a year.
Sales and rents for 2208 over time
2208 has sold 6 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 2208 sits
All 333 1-beds →2208 last sold in September 2023 at AED 1,481 per sqft, 30% above what one-beds in Mag 218 Tower were fetching at the time (AED 1,141). 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. 2208's AED 65,000 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 22nd floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2201 | 2-bed | 1,760 sqft | AED 2.4MAED 2,400,000 · Jun 2014June 2014 | 115,500 /yr | |
| 2202 | 1-bed | 886 sqft | AED 560KAED 560,000 · Jan 2021January 2021 | 65,000 /yr | |
| 2203 | 1-bed | 844 sqft | AED 610KAED 610,000 · Dec 2020December 2020 | 83,000 /yr | |
| 2204 | 1-bed | 886 sqft | AED 771KAED 770,974 · May 2011May 2011 | 63,000 /yr | |
| 2205 | 2-bed | 1,760 sqft | AED 1.59MAED 1,588,715 · Jan 2011January 2011 | 140,000 /yr | |
| 2206 | 2-bed | 1,760 sqft | AED 1.23MAED 1,230,000 · Nov 2019November 2019 | 125,000 /yr | |
| 2207 | 1-bed | 886 sqft | AED 1.02MAED 1,020,000 · Oct 2022October 2022 | 95,000 /yr | |
| 2209 | 1-bed | 886 sqft | AED 1MAED 1,000,000 · Mar 2019March 2019 | 65,000 /yr | |
| 2210 | 2-bed | 1,760 sqft | AED 1.48MAED 1,482,801 · Nov 2012November 2012 | 1,280,000 /yr |
2208, Mag 218 Tower in numbers
- Sold 6 times: first on 12 July 2009 for AED 667,672, last on 9 September 2023 for AED 1,250,000 (AED 1,481 per sqft).
- Rented since May 2013 on 10 Ejari contracts. The rent fell from AED 90,000 to AED 55,000 in 2021 and recovered to AED 65,000 by August 2022.
- At AED 65,000 a year the gross yield on the 2023 price is 5.2%, 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 9 September 2023.
Questions about 2208, Mag 218 Tower
What did unit 2208 last sell for?
AED 1,250,000 on 9 September 2023: AED 1,481 per sqft for 844 sqft. The unit has 6 registered sales; the first was AED 667,672 in July 2009.
What is the rent for unit 2208?
AED 65,000 a year on the contract renewed on 4 August 2022. The previous contract, from August 2021, was AED 55,000; the unit has been rented since May 2013.
How big is unit 2208?
844 sqft (78.4 sqm): a one-bedroom apartment on the 22nd floor of a 55-storey tower completed in 2010.
What is unit 2208 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 2208, Mag 218 Tower
Starts from the last sale price (AED 1.25M, 9 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,250,000
- Deposit, UAE resident (20%)
- AED 250,000
- Deposit, non-resident (40%)
- AED 500,000
- Monthly over 25 years at 3.7%
- AED 5,114
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →