2-bed · 1,798 sqftMag 218 Tower, Dubai Marina · 48th floor · completed 2010

4810, Mag 218 Tower

Sold prices and rental history: sold 4 times, last in May 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4810 · DLD and Ejari recordsUpdated 1 May 2024
Last soldAED 2.3M1 May 2024
Current rentAED 50K /yr11 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4810, Mag 218 Tower

What is 4810 worth today?

Last sold for AED 2,300,400 in 2024

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1 May 2024SoldReady
AED 2,300,400AED 1,279 per sqft
11 Oct 2020RentedNew contract
AED 50,000/yr60 months · AED 28 per sqft
26 Aug 2020RentedNew contract · flagged as an outlier
AED 5,000/yr60 months · AED 3 per sqft
5 Jun 2013SoldReady
AED 1,910,000AED 1,062 per sqft
4 Feb 2013SoldReady
AED 1,725,099AED 959 per sqft
6 Jul 2009Sold by developerOff-plan
AED 1,725,099AED 959 per sqft

Source: Dubai Land Department. Updated 1 May 2024.

Key facts

Type
2-bed apartment
Size
1,798 sqft
Floor
48th of 55
Parking
2P03
Developer
Dream Estate
Completed
2010
Service charge
AED 26,100 /yr
Last sold
AED 2.3M · May 2024

About 4810, Mag 218 Tower

4810 is a two-bedroom apartment of 1,798 sqft on the 48th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 1 May 2024 for AED 2,300,400, or AED 1,279 per sqft, 15% above the AED 1,112 two-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 11 October 2020, is AED 50,000 a year: a gross yield of 2.2% on the 2024 price, before the service charge of about AED 26,100 a year.

Sales and rents for 4810 over time

Sales
Unit 4810, each saleTypical two-bed in Mag 218 Tower
1M2M2006201220182024Typical sale price by year: 2006 AED 1,318,478; 2009 AED 1,437,450; 2010 AED 1,377,898; 2011 AED 1,423,264; 2012 AED 1,415,209; 2013 AED 1,700,000; 2014 AED 2,275,000; 2015 AED 1,950,000; 2016 AED 1,800,000; 2017 AED 1,840,000; 2018 AED 1,550,000; 2019 AED 1,215,000; 2020 AED 1,150,000; 2021 AED 1,215,000; 2022 AED 1,534,583; 2023 AED 1,797,500; 2024 AED 2,175,000; 2025 AED 2,200,000; 2026 AED 2,265,000Sold by developer, July 2009: AED 1,725,099 (AED 959 per sqft)Sold, February 2013: AED 1,725,099 (AED 959 per sqft)Sold, June 2013: AED 1,910,000 (AED 1,062 per sqft)Sold, May 2024: AED 2,300,400 (AED 1,279 per sqft)

4810 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4810, each contractTypical two-bed in Mag 218 Tower
50K100K150K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 110,000; 2014 AED 130,000; 2015 AED 137,634; 2016 AED 135,000; 2017 AED 130,000; 2018 AED 120,000; 2019 AED 104,000; 2020 AED 90,000; 2021 AED 85,000; 2022 AED 96,800; 2023 AED 105,500; 2024 AED 126,000; 2025 AED 130,000; 2026 AED 126,000New contract, October 2020: AED 50,000 a year

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 4810 sits

All 222 2-beds →

4810 last sold in May 2024 at AED 1,279 per sqft, 15% above what two-beds in Mag 218 Tower were fetching at the time (AED 1,112). 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. 4810's AED 50,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Oct 20261,600,000
25 Sep 20262,100,000
24 Jun 20262,040,000
19 May 20262,450,000
8 2-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 48th floor

All 550 units in Mag 218 Tower
Value
48012-bedAED 1.61M · Nov 2012
48021-bedAED 687K · Jan 2011
48031-bedAED 709K · Nov 2011
48041-bedAED 1.15M · Jun 2016
48052-bedAED 2.15M · May 2024
48062-bedAED 1.44M · Dec 2010
48071-bedAED 730K · Sep 2011
1–7 of 9

4810, Mag 218 Tower in numbers

  • Sold 4 times: first on 6 July 2009 for AED 1,725,099, last on 1 May 2024 for AED 2,300,400 (AED 1,279 per sqft).
  • Rented since August 2020 on 2 Ejari contracts, from AED 5,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2024 price is 2.2%, before a service charge of about AED 26,100 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 1 May 2024.

Questions about 4810, Mag 218 Tower

What did unit 4810 last sell for?

AED 2,300,400 on 1 May 2024: AED 1,279 per sqft for 1,798 sqft. The unit has 4 registered sales; the first was AED 1,725,099 in July 2009.

What is the rent for unit 4810?

AED 50,000 a year on the contract signed on 11 October 2020. The previous contract, from August 2020, was AED 5,000.

How big is unit 4810?

1,798 sqft (167.0 sqm): a two-bedroom apartment on the 48th floor of a 55-storey tower completed in 2010.

What is unit 4810 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 4810, Mag 218 Tower

Starts from the last sale price (AED 2.3M, 1 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,400
Deposit, UAE resident (20%)
AED 460,080
Deposit, non-resident (40%)
AED 920,160
Monthly over 25 years at 3.7%
AED 9,412

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