408, Mag 218 Tower
Sold prices and rental history: sold twice, last in January 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 408, Mag 218 Tower
What is 408 worth today?
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Source: Dubai Land Department. Updated 15 February 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 844 sqft
- Floor
- 4th of 55
- Parking
- 4P31
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 12,300 /yr
- Last sold
- AED 700K · January 2020
- Building
- Mag 218 Tower
About 408, Mag 218 Tower
408 is a one-bedroom apartment of 844 sqft on the 4th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 7 January 2020 for AED 700,000, or AED 829 per sqft, 14% below the AED 959 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 15 February 2026, is AED 90,000 a year: a gross yield of 12.9% on the 2020 price, before the service charge of about AED 12,300 a year.
Sales and rents for 408 over time
408 has sold twice; 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 408 sits
All 333 1-beds →408 last sold in January 2020 at AED 829 per sqft, 14% below what one-beds in Mag 218 Tower were fetching at the time (AED 959). 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. 408's AED 90,000 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 4th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,723 sqft | AED 1.2MAED 1,200,000 · Jan 2019January 2019 | 110,000 /yr | |
| 402 | 1-bed | 864 sqft | AED 829KAED 829,000 · Apr 2022April 2022 | 76,975 /yr | |
| 403 | 1-bed | 844 sqft | AED 550KAED 550,000 · May 2012May 2012 | 82,000 /yr | |
| 404 | 1-bed | 864 sqft | AED 1.05MAED 1,050,000 · Oct 2013October 2013 | 66,000 /yr | |
| 405 | 2-bed | 1,723 sqft | AED 1.55MAED 1,550,000 · Apr 2018April 2018 | 140,000 /yr | |
| 406 | 2-bed | 1,723 sqft | AED 2.04MAED 2,040,000 · Jun 2026June 2026 | 115,000 /yr | |
| 407 | 1-bed | 864 sqft | AED 1.23MAED 1,230,000 · Jul 2026July 2026 | 78,000 /yr | |
| 409 | 1-bed | 864 sqft | AED 1MAED 1,000,000 · Feb 2020February 2020 | 80,000 /yr | |
| 410 | 2-bed | 1,723 sqft | AED 1.49MAED 1,486,228 · Oct 2011October 2011 | 155,000 /yr |
408, Mag 218 Tower in numbers
- Sold twice: first on 4 September 2012 for AED 639,193, last on 7 January 2020 for AED 700,000 (AED 829 per sqft).
- Rented since September 2013 on 11 Ejari contracts. The rent fell from AED 90,000 to AED 50,000 in 2021 and recovered to AED 90,000 by February 2026.
- At AED 90,000 a year the gross yield on the 2020 price is 12.9%, 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 15 February 2026.
Questions about 408, Mag 218 Tower
What did unit 408 last sell for?
AED 700,000 on 7 January 2020: AED 829 per sqft for 844 sqft. The unit has 2 registered sales; the first was AED 639,193 in September 2012.
What is the rent for unit 408?
AED 90,000 a year on the contract signed on 15 February 2026. The previous contract, from February 2025, was AED 95,000; the unit has been rented since September 2013.
How big is unit 408?
844 sqft (78.4 sqm): a one-bedroom apartment on the 4th floor of a 55-storey tower completed in 2010.
What is unit 408 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 408, Mag 218 Tower
Starts from the last sale price (AED 700K, 7 January 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 700,000
- Deposit, UAE resident (20%)
- AED 140,000
- Deposit, non-resident (40%)
- AED 280,000
- Monthly over 25 years at 3.7%
- AED 2,864
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →