508, Mag 218 Tower
Sold prices and rental history: sold 4 times, last in September 2012, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Mag 218 Tower
What is 508 worth today?
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Source: Dubai Land Department. Updated 1 August 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 844 sqft
- Floor
- 5th of 55
- Parking
- 4P38
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 12,300 /yr
- Last sold
- AED 825K · September 2012
- Building
- Mag 218 Tower
About 508, Mag 218 Tower
508 is a one-bedroom apartment of 844 sqft on the 5th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 23 September 2012 for AED 825,000, or AED 977 per sqft, 21% above the AED 809 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 1 August 2023, is AED 75,000 a year: a gross yield of 9.1% on the 2012 price, before the service charge of about AED 12,300 a year.
Sales and rents for 508 over time
508 has sold 4 times; 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 508 sits
All 333 1-beds →508 last sold in September 2012 at AED 977 per sqft, 21% above what one-beds in Mag 218 Tower were fetching at the time (AED 809). 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. 508's AED 75,000 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 5th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,723 sqft | AED 1.83MAED 1,825,000 · Aug 2023August 2023 | 100,000 /yr | |
| 502 | 1-bed | 864 sqft | AED 1.1MAED 1,100,000 · Dec 2013December 2013 | 80,000 /yr | |
| 503 | 1-bed | 844 sqft | AED 918KAED 918,000 · Oct 2024October 2024 | 80,000 /yr | |
| 504 | 1-bed | 864 sqft | AED 1.12MAED 1,120,000 · Apr 2024April 2024 | 80,000 /yr | |
| 505 | 2-bed | 1,723 sqft | AED 1MAED 1,000,000 · Sep 2016September 2016 | 145,000 /yr | |
| 506 | 2-bed | 1,723 sqft | AED 1.85MAED 1,850,000 · Dec 2015December 2015 | 133,000 /yr | |
| 507 | 1-bed | 864 sqft | AED 650KAED 650,000 · Jun 2012June 2012 | 68,500 /yr | |
| 509 | 1-bed | 864 sqft | AED 1MAED 1,000,000 · Nov 2012November 2012 | 140,000 /yr | |
| 510 | 2-bed | 1,723 sqft | AED 740KAED 740,000 · Jan 2013January 2013 | 85,000 /yr |
508, Mag 218 Tower in numbers
- Sold 4 times: first on 6 July 2009 for AED 564,395, last on 23 September 2012 for AED 825,000 (AED 977 per sqft).
- Rented since May 2019 on 4 Ejari contracts. The rent fell from AED 65,000 to AED 55,000 in 2021 and recovered to AED 75,000 by August 2023.
- At AED 75,000 a year the gross yield on the 2012 price is 9.1%, 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 August 2023.
Questions about 508, Mag 218 Tower
What did unit 508 last sell for?
AED 825,000 on 23 September 2012: AED 977 per sqft for 844 sqft. The unit has 4 registered sales; the first was AED 564,395 in July 2009.
What is the rent for unit 508?
AED 75,000 a year on the contract signed on 1 August 2023. The previous contract, from May 2021, was AED 55,000; the unit has been rented since May 2019.
How big is unit 508?
844 sqft (78.4 sqm): a one-bedroom apartment on the 5th floor of a 55-storey tower completed in 2010.
What is unit 508 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 508, Mag 218 Tower
Starts from the last sale price (AED 825K, 23 September 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 825,000
- Deposit, UAE resident (20%)
- AED 165,000
- Deposit, non-resident (40%)
- AED 330,000
- Monthly over 25 years at 3.7%
- AED 3,375
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →