5408, Mag 218 Tower
Sold prices and rental history: sold 3 times, last in March 2024, 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 5408, Mag 218 Tower
What is 5408 worth today?
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Source: Dubai Land Department. Updated 18 March 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 844 sqft
- Floor
- 54th of 55
- Parking
- 1P15
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 12,300 /yr
- Last sold
- AED 1.35M · March 2024
- Building
- Mag 218 Tower
About 5408, Mag 218 Tower
5408 is a one-bedroom apartment of 844 sqft on the 54th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 18 March 2024 for AED 1,350,000, or AED 1,599 per sqft, 25% above the AED 1,278 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, renewed on 4 October 2023, is AED 68,310 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 12,300 a year.
Sales and rents for 5408 over time
5408 has sold 3 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 5408 sits
All 333 1-beds →5408 last sold in March 2024 at AED 1,599 per sqft, 25% above what one-beds in Mag 218 Tower were fetching at the time (AED 1,278). 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. 5408's AED 68,310 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 54th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5401 | 2-bed | 1,596 sqft | AED 1.9MAED 1,900,000 · Dec 2014December 2014 | 175,000 /yr | |
| 5402 | 1-bed | 908 sqft | AED 1.2MAED 1,200,000 · Feb 2025February 2025 | 73,000 /yr | |
| 5403 | 1-bed | 844 sqft | AED 900KAED 900,000 · Apr 2017April 2017 | 82,500 /yr | |
| 5404 | 1-bed | 908 sqft | AED 880KAED 880,000 · May 2012May 2012 | 40,000 /yr | |
| 5405 | 2-bed | 1,596 sqft | AED 2.18MAED 2,175,000 · Jan 2024January 2024 | 125,000 /yr | |
| 5406 | 2-bed | 1,596 sqft | AED 1.71MAED 1,710,714 · Sep 2013September 2013 | ||
| 5407 | 1-bed | 908 sqft | AED 1.15MAED 1,150,000 · May 2017May 2017 | 105,000 /yr | |
| 5409 | 1-bed | 908 sqft | AED 800KAED 800,338 · Sep 2011September 2011 | 65,000 /yr | |
| 5410 | 2-bed | 1,596 sqft | AED 1.56MAED 1,559,092 · Feb 2012February 2012 | 120,000 /yr |
5408, Mag 218 Tower in numbers
- Sold 3 times: first on 12 July 2009 for AED 826,046, last on 18 March 2024 for AED 1,350,000 (AED 1,599 per sqft).
- Rented since July 2013 on 12 Ejari contracts. The rent fell from AED 80,000 to AED 45,000 in 2020 and recovered to AED 68,310 by October 2023.
- At AED 68,310 a year the gross yield on the 2024 price is 5.1%, 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 18 March 2024.
Questions about 5408, Mag 218 Tower
What did unit 5408 last sell for?
AED 1,350,000 on 18 March 2024: AED 1,599 per sqft for 844 sqft. The unit has 3 registered sales; the first was AED 826,046 in July 2009.
What is the rent for unit 5408?
AED 68,310 a year on the contract renewed on 4 October 2023. The previous contract, from October 2022, was AED 62,100; the unit has been rented since July 2013.
How big is unit 5408?
844 sqft (78.4 sqm): a one-bedroom apartment on the 54th floor of a 55-storey tower completed in 2010.
What is unit 5408 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 5408, Mag 218 Tower
Starts from the last sale price (AED 1.35M, 18 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,350,000
- Deposit, UAE resident (20%)
- AED 270,000
- Deposit, non-resident (40%)
- AED 540,000
- Monthly over 25 years at 3.7%
- AED 5,523
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →