601, Mag 218 Tower
Sold prices and rental history: sold 6 times, last in April 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 601, Mag 218 Tower
What is 601 worth today?
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Source: Dubai Land Department. Updated 6 April 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,723 sqft
- Floor
- 6th of 55
- Parking
- 4P03
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 25,100 /yr
- Last sold
- AED 2M · April 2024
- Building
- Mag 218 Tower
About 601, Mag 218 Tower
601 is a two-bedroom apartment of 1,723 sqft on the 6th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 6 April 2024 for AED 2,000,000, or AED 1,160 per sqft, 6% above the AED 1,090 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 15 December 2021, is AED 80,000 a year: a gross yield of 4.0% on the 2024 price, before the service charge of about AED 25,100 a year.
Sales and rents for 601 over time
601 has sold 6 times; the dashed line is the two-bed median of each year in the building.
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 601 sits
All 222 2-beds →601 last sold in April 2024 at AED 1,160 per sqft, 6% above what two-beds in Mag 218 Tower were fetching at the time (AED 1,090). 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. 601's AED 80,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Oct 20267 October 2026 | 1,723 sqft | 1,600,000 | 928 | ||
| 25 Sep 202625 September 2026 | 1,798 sqft | 2,100,000 | 1,167 | ||
| 24 Jun 202624 June 2026 | 1,723 sqft | 2,040,000 | 1,183 | ||
| 19 May 202619 May 2026 | 1,798 sqft | 2,450,000 | 1,362 |
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 6th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 602 | 1-bed | 864 sqft | AED 1MAED 1,000,000 · May 2016May 2016 | 85,000 /yr | |
| 603 | 1-bed | 844 sqft | AED 670KAED 670,000 · Nov 2019November 2019 | 84,700 /yr | |
| 604 | 1-bed | 864 sqft | AED 1.08MAED 1,075,000 · May 2024May 2024 | 75,000 /yr | |
| 605 | 2-bed | 1,723 sqft | AED 1.35MAED 1,350,000 · Mar 2012March 2012 | ||
| 606 | 2-bed | 1,723 sqft | AED 2.1MAED 2,100,000 · Dec 2017December 2017 | ||
| 607 | 1-bed | 864 sqft | AED 1.05MAED 1,050,000 · May 2017May 2017 | 70,000 /yr | |
| 608 | 1-bed | 844 sqft | AED 1.27MAED 1,270,000 · Feb 2026February 2026 | 97,000 /yr | |
| 609 | 1-bed | 864 sqft | AED 1.25MAED 1,250,000 · Nov 2023November 2023 | 90,000 /yr | |
| 610 | 2-bed | 1,723 sqft | AED 1.7MAED 1,700,000 · Mar 2016March 2016 | 100,000 /yr |
601, Mag 218 Tower in numbers
- Sold 6 times: first on 7 October 2010 for AED 1,354,743, last on 6 April 2024 for AED 2,000,000 (AED 1,160 per sqft).
- Rented since October 2012 on 8 Ejari contracts. The rent fell from AED 90,000 to AED 70,000 in 2020 and recovered to AED 80,000 by December 2021.
- At AED 80,000 a year the gross yield on the 2024 price is 4.0%, before a service charge of about AED 25,100 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 6 April 2024.
Questions about 601, Mag 218 Tower
What did unit 601 last sell for?
AED 2,000,000 on 6 April 2024: AED 1,160 per sqft for 1,723 sqft. The unit has 6 registered sales; the first was AED 1,354,743 in October 2010.
What is the rent for unit 601?
AED 80,000 a year on the contract signed on 15 December 2021. The previous contract, from December 2020, was AED 70,000; the unit has been rented since October 2012.
How big is unit 601?
1,723 sqft (160.1 sqm): a two-bedroom apartment on the 6th floor of a 55-storey tower completed in 2010.
What is unit 601 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 601, Mag 218 Tower
Starts from the last sale price (AED 2M, 6 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,000,000
- Deposit, UAE resident (20%)
- AED 400,000
- Deposit, non-resident (40%)
- AED 800,000
- Monthly over 25 years at 3.7%
- AED 8,183
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →