2406, Mag 218 Tower
Sold prices and rental history: sold 4 times, last in July 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2406, Mag 218 Tower
What is 2406 worth today?
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Source: Dubai Land Department. Updated 24 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,760 sqft
- Floor
- 24th of 55
- Parking
- 1B47
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 25,600 /yr
- Last sold
- AED 2.8M · July 2024
- Building
- Mag 218 Tower
About 2406, Mag 218 Tower
2406 is a two-bedroom apartment of 1,760 sqft on the 24th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 24 July 2024 for AED 2,800,000, or AED 1,590 per sqft, 38% above the AED 1,152 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, renewed on 31 July 2021, is AED 50,633 a year: a gross yield of 1.8% on the 2024 price, before the service charge of about AED 25,600 a year.
Sales and rents for 2406 over time
2406 has sold 4 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 2406 sits
All 222 2-beds →2406 last sold in July 2024 at AED 1,590 per sqft, 38% above what two-beds in Mag 218 Tower were fetching at the time (AED 1,152). 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. 2406's AED 50,633 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 24th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 2-bed | 1,760 sqft | AED 1.68MAED 1,676,075 · Oct 2011October 2011 | 105,000 /yr | |
| 2402 | 1-bed | 886 sqft | AED 1.5MAED 1,500,000 · Jan 2014January 2014 | 73,000 /yr | |
| 2403 | 1-bed | 844 sqft | AED 1.1MAED 1,100,000 · Dec 2015December 2015 | 65,000 /yr | |
| 2404 | 1-bed | 886 sqft | AED 1.18MAED 1,180,000 · Dec 2013December 2013 | 80,000 /yr | |
| 2405 | 2-bed | 1,760 sqft | AED 1.6MAED 1,596,262 · Jan 2013January 2013 | 145,000 /yr | |
| 2407 | 1-bed | 886 sqft | AED 704KAED 704,207 · Jul 2009July 2009 | 88,000 /yr | |
| 2408 | 1-bed | 844 sqft | AED 1.44MAED 1,435,000 · Mar 2015March 2015 | 92,000 /yr | |
| 2409 | 1-bed | 886 sqft | AED 1.17MAED 1,170,000 · Nov 2025November 2025 | 100,000 /yr | |
| 2410 | 2-bed | 1,760 sqft | AED 2.55MAED 2,550,000 · Sep 2025September 2025 | 145,000 /yr |
2406, Mag 218 Tower in numbers
- Sold 4 times: first on 6 July 2009 for AED 1,447,857, last on 24 July 2024 for AED 2,800,000 (AED 1,590 per sqft).
- Rented since August 2012 on 8 Ejari contracts, from AED 100,000 to AED 50,633 a year.
- At AED 50,633 a year the gross yield on the 2024 price is 1.8%, before a service charge of about AED 25,600 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 24 July 2024.
Questions about 2406, Mag 218 Tower
What did unit 2406 last sell for?
AED 2,800,000 on 24 July 2024: AED 1,590 per sqft for 1,760 sqft. The unit has 4 registered sales; the first was AED 1,447,857 in July 2009.
What is the rent for unit 2406?
AED 50,633 a year on the contract renewed on 31 July 2021. The previous contract, from July 2019, was AED 48,500; the unit has been rented since August 2012.
How big is unit 2406?
1,760 sqft (163.5 sqm): a two-bedroom apartment on the 24th floor of a 55-storey tower completed in 2010.
What is unit 2406 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 2406, Mag 218 Tower
Starts from the last sale price (AED 2.8M, 24 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,800,000
- Deposit, UAE resident (20%)
- AED 560,000
- Deposit, non-resident (40%)
- AED 1,120,000
- Monthly over 25 years at 3.7%
- AED 11,456
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →