4408, Mag 218 Tower
Sold prices and rental history: sold twice, last in October 2017, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4408, Mag 218 Tower
What is 4408 worth today?
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Source: Dubai Land Department. Updated 1 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 844 sqft
- Floor
- 44th of 55
- Parking
- 2P26
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 12,300 /yr
- Last sold
- AED 1.2M · October 2017
- Building
- Mag 218 Tower
About 4408, Mag 218 Tower
4408 is a one-bedroom apartment of 844 sqft on the 44th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 26 October 2017 for AED 1,200,000, or AED 1,421 per sqft, 14% above the AED 1,244 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 1 July 2024, is AED 89,250 a year: a gross yield of 7.4% on the 2017 price, before the service charge of about AED 12,300 a year.
Sales and rents for 4408 over time
4408 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 4408 sits
All 333 1-beds →4408 last sold in October 2017 at AED 1,421 per sqft, 14% above what one-beds in Mag 218 Tower were fetching at the time (AED 1,244). 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. 4408's AED 89,250 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 44th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 4401 | 2-bed | 1,779 sqft | AED 1.1MAED 1,100,000 · Nov 2014November 2014 | 70,000 /yr | |
| 4402 | 1-bed | 898 sqft | AED 822KAED 822,009 · Jun 2011June 2011 | 85,000 /yr | |
| 4403 | 1-bed | 844 sqft | AED 1.1MAED 1,095,000 · Jan 2024January 2024 | 83,000 /yr | |
| 4404 | 1-bed | 898 sqft | AED 980KAED 980,000 · Jul 2021July 2021 | 110,000 /yr | |
| 4405 | 2-bed | 1,779 sqft | AED 1.1MAED 1,100,000 · Nov 2015November 2015 | 110,000 /yr | |
| 4406 | 2-bed | 1,779 sqft | AED 2.29MAED 2,285,000 · Dec 2017December 2017 | 160,000 /yr | |
| 4407 | 1-bed | 898 sqft | AED 1.03MAED 1,025,000 · Sep 2022September 2022 | 85,000 /yr | |
| 4409 | 1-bed | 898 sqft | AED 1MAED 1,000,000 · Dec 2016December 2016 | 80,850 /yr | |
| 4410 | 2-bed | 1,779 sqft | AED 1.85MAED 1,850,000 · Jun 2015June 2015 |
4408, Mag 218 Tower in numbers
- Sold twice: first on 11 February 2014 for AED 800,000, last on 26 October 2017 for AED 1,200,000 (AED 1,421 per sqft).
- Rented since September 2017 on 6 Ejari contracts. The rent fell from AED 90,000 to AED 70,000 in 2022 and recovered to AED 89,250 by July 2024.
- At AED 89,250 a year the gross yield on the 2017 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 1 July 2024.
Questions about 4408, Mag 218 Tower
What did unit 4408 last sell for?
AED 1,200,000 on 26 October 2017: AED 1,421 per sqft for 844 sqft. The unit has 2 registered sales; the first was AED 800,000 in February 2014.
What is the rent for unit 4408?
AED 89,250 a year on the contract renewed on 1 July 2024. The previous contract, from July 2024, was AED 89,250; the unit has been rented since September 2017.
How big is unit 4408?
844 sqft (78.4 sqm): a one-bedroom apartment on the 44th floor of a 55-storey tower completed in 2010.
What is unit 4408 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 4408, Mag 218 Tower
Starts from the last sale price (AED 1.2M, 26 October 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,200,000
- Deposit, UAE resident (20%)
- AED 240,000
- Deposit, non-resident (40%)
- AED 480,000
- Monthly over 25 years at 3.7%
- AED 4,910
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →