1-bed · 898 sqftMag 218 Tower, Dubai Marina · 45th floor · completed 2010

4504, Mag 218 Tower

Sold prices and rental history: sold 5 times, last in June 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4504 · DLD and Ejari recordsUpdated 11 June 2024
Last soldAED 1.3M11 June 2024
Current rentAED 67K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4504, Mag 218 Tower

What is 4504 worth today?

Last sold for AED 1,300,000 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

11 Jun 2024SoldReady
AED 1,300,000AED 1,447 per sqft
1 Nov 2023RentedRenewal
AED 66,596/yr5 months · AED 74 per sqft
1 Nov 2022RentedRenewal
AED 60,500/yr12 months · AED 67 per sqft
1 Nov 2021RentedRenewal
AED 55,000/yr12 months · AED 61 per sqft
1 Nov 2020RentedRenewal
AED 60,000/yr12 months · AED 67 per sqft
1 Nov 2019RentedRenewal
AED 72,000/yr12 months · AED 80 per sqft
1 Nov 2018RentedNew contract
AED 72,000/yr12 months · AED 80 per sqft
21 Jul 2018RentedRenewal
AED 99,996/yr1 months · AED 111 per sqft

Source: Dubai Land Department. Updated 11 June 2024.

Key facts

Type
1-bed apartment
Size
898 sqft
Floor
45th of 55
Parking
2P18
Developer
Dream Estate
Completed
2010
Service charge
AED 13,100 /yr
Last sold
AED 1.3M · June 2024

About 4504, Mag 218 Tower

4504 is a one-bedroom apartment of 898 sqft on the 45th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 11 June 2024 for AED 1,300,000, or AED 1,447 per sqft, 12% above the AED 1,288 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 1 November 2023, is AED 66,596 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 13,100 a year.

Sales and rents for 4504 over time

Sales
Unit 4504, each saleTypical one-bed in Mag 218 Tower
1M1.5M2005201120172023Typical sale price by year: 2005 AED 721,665; 2006 AED 715,202; 2008 AED 781,429; 2009 AED 683,640; 2010 AED 724,314; 2011 AED 704,666; 2012 AED 727,380; 2013 AED 982,500; 2014 AED 1,350,000; 2015 AED 1,217,500; 2016 AED 1,100,000; 2017 AED 1,075,000; 2018 AED 995,920; 2019 AED 850,000; 2020 AED 740,000; 2021 AED 779,500; 2022 AED 900,000; 2023 AED 1,000,000; 2024 AED 1,135,000; 2025 AED 1,187,500; 2026 AED 1,185,000Sold, November 2011: AED 715,000 (AED 796 per sqft)Sold by developer, November 2011: AED 823,860 (AED 917 per sqft)Sold, January 2012: AED 820,000 (AED 913 per sqft)Sold, March 2014: AED 1,400,000 (AED 1,558 per sqft)Sold, June 2024: AED 1,300,000 (AED 1,447 per sqft)

4504 has sold 5 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 4504, each contractTypical one-bed in Mag 218 Tower
50K75K100K2012201620202024Typical rent by year: 2012 AED 65,000; 2013 AED 78,750; 2014 AED 85,675; 2015 AED 92,000; 2016 AED 90,000; 2017 AED 85,000; 2018 AED 78,000; 2019 AED 70,000; 2020 AED 55,000; 2021 AED 52,000; 2022 AED 61,700; 2023 AED 70,350; 2024 AED 81,000; 2025 AED 84,525; 2026 AED 80,000New contract, March 2013: AED 60,000 a yearNew contract, July 2016: AED 100,000 a yearRenewal, July 2017: AED 100,000 a yearRenewal, July 2018: AED 99,996 a yearNew contract, November 2018: AED 72,000 a yearRenewal, November 2019: AED 72,000 a yearRenewal, November 2020: AED 60,000 a yearRenewal, November 2021: AED 55,000 a yearRenewal, November 2022: AED 60,500 a yearRenewal, November 2023: AED 66,596 a year

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 4504 sits

All 333 1-beds →

4504 last sold in June 2024 at AED 1,447 per sqft, 12% above what one-beds in Mag 218 Tower were fetching at the time (AED 1,288). 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. 4504's AED 66,596 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Sep 20261,050,000
4 Sep 20261,150,000
14 Jul 20261,230,000
7 Jul 20261,250,000
19 1-bed sales in the last 12 months

Mag 218 Tower

Building

550 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%
Mag 218 Tower, Dubai Marina: prices, sales and rents →

Other units on the 45th floor

All 550 units in Mag 218 Tower
Value
45012-bedAED 1.8M · Apr 2016
45021-bedAED 1.18M · Jun 2024
45031-bedAED 387K · Jul 2011
45052-bedAED 1.26M · Jul 2021
45062-bedAED 2.2M · Jan 2024
45071-bedAED 900K · Mar 2022
45081-bedAED 1.4M · Aug 2024
1–7 of 9

4504, Mag 218 Tower in numbers

  • Sold 5 times: first on 20 November 2011 for AED 823,860, last on 11 June 2024 for AED 1,300,000 (AED 1,447 per sqft).
  • Rented since March 2013 on 10 Ejari contracts, from AED 60,000 to AED 66,596 a year.
  • At AED 66,596 a year the gross yield on the 2024 price is 5.1%, before a service charge of about AED 13,100 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 11 June 2024.

Questions about 4504, Mag 218 Tower

What did unit 4504 last sell for?

AED 1,300,000 on 11 June 2024: AED 1,447 per sqft for 898 sqft. The unit has 5 registered sales; the first was AED 823,860 in November 2011.

What is the rent for unit 4504?

AED 66,596 a year on the contract renewed on 1 November 2023. The previous contract, from November 2022, was AED 60,500; the unit has been rented since March 2013.

How big is unit 4504?

898 sqft (83.4 sqm): a one-bedroom apartment on the 45th floor of a 55-storey tower completed in 2010.

What is unit 4504 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.

Selling 4504? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 4504, Mag 218 Tower

Starts from the last sale price (AED 1.3M, 11 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →