2002, MAG 214 Tower
Sold prices and rental history: sold once, by the developer in July 2015, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2002, MAG 214 Tower
What is 2002 worth today?
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Source: Dubai Land Department. Updated 7 September 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 715 sqft
- Floor
- 20th of 38
- Parking
- DMCC-2168
- Developer
- MAG
- Completed
- 2007
- Service charge
- AED 15,200 /yr
- Last sold
- AED 515K · July 2015
- Building
- MAG 214 Tower
About 2002, MAG 214 Tower
2002 is a one-bedroom apartment of 715 sqft on the 20th floor of MAG 214 Tower, a 38-storey tower in Jumeirah Lake Towers (JLT) completed in 2007 by MAG. The developer sold it on 7 July 2015 for AED 515,250, or AED 720 per sqft, 45% below the AED 1,318 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 7 September 2023, is AED 60,900 a year: a gross yield of 11.8% on the 2015 price, before the service charge of about AED 15,200 a year.
Sales and rents for 2002 over time
2002 has sold once; 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 214 Tower, and where 2002 sits
All 156 1-beds →2002 last sold in July 2015 at AED 720 per sqft, 45% below what one-beds in MAG 214 Tower were fetching at the time (AED 1,318). Over the last 12 months one-beds sold for AED 838,058 to 1,150,000, around AED 1,426 per sqft, and rent for AED 20,000 to 120,000 a year. 2002's AED 60,900 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Oct 202612 October 2026 | 716 sqft | 838,058 | 1,170 | ||
| 13 Aug 202613 August 2026 | 716 sqft | 990,000 | 1,382 | ||
| 4 Aug 20264 August 2026 | 753 sqft | 1,100,000 | 1,460 | ||
| 16 Jul 202616 July 2026 | 722 sqft | 1,030,000 | 1,426 |
MAG 214 Tower
Building305 apartments, 1-bed to 3-bed over 38 floors in Jumeirah Lake Towers (JLT), completed in 2007 by MAG. 19 sold in the last 12 months.
- Typical price per sqft
- AED 1,382 Up 10.9%
- Typical sale
- AED 1.05M
- Typical rent
- AED 82K /yr
- Typical yield
- 6.7%
Other units on the 20th floor
All 305 units in MAG 214 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2001 | 1-bed | 722 sqft | AED 275KAED 275,000 · May 2012May 2012 | 72,000 /yr | |
| 2003 | 1-bed | 753 sqft | AED 880KAED 880,000 · Sep 2013September 2013 | 67,000 /yr | |
| 2004 | 2-bed | 1,320 sqft | AED 1.45MAED 1,450,000 · Apr 2016April 2016 | 147,000 /yr | |
| 2005 | 2-bed | 1,557 sqft | AED 1.64MAED 1,640,000 · Aug 2017August 2017 | 143,000 /yr | |
| 2006 | 2-bed | 1,557 sqft | AED 1.53MAED 1,530,000 · May 2024May 2024 | 125,000 /yr | |
| 2007 | 2-bed | 1,321 sqft | AED 1.63MAED 1,630,000 · May 2025May 2025 | 85,000 /yr | |
| 2008 | 1-bed | 753 sqft | AED 524KAED 523,614 · Aug 2008August 2008 | 63,875 /yr | |
| 2009 | 1-bed | 716 sqft | AED 1.05MAED 1,050,000 · Nov 2016November 2016 | 72,000 /yr | |
| 2010 | 1-bed | 722 sqft | AED 1.02MAED 1,020,000 · Jun 2024June 2024 | 80,000 /yr |
2002, MAG 214 Tower in numbers
- Sold once: by MAG on 7 July 2015 for AED 515,250, or AED 720 per sqft.
- Rented since July 2015 on 7 Ejari contracts. The rent fell from AED 85,000 to AED 38,000 in 2021 and recovered to AED 60,900 by September 2023.
- At AED 60,900 a year the gross yield on the 2015 price is 11.8%, before a service charge of about AED 15,200 a year (AED 21.33 per sqft).
- One-beds in MAG 214 Tower sold for AED 838,058–1,150,000 in the 12 months to November 2026; the building's median across all types is AED 1,382 per sqft.
Source: Dubai Land Department. Updated 7 September 2023.
Questions about 2002, MAG 214 Tower
What did unit 2002 last sell for?
AED 515,250 on 7 July 2015, sold by the developer: AED 720 per sqft for 715 sqft. It is the only registered sale of the unit.
What is the rent for unit 2002?
AED 60,900 a year on the contract renewed on 7 September 2023. The previous contract, from September 2022, was AED 58,000; the unit has been rented since July 2015.
How big is unit 2002?
715 sqft (66.4 sqm): a one-bedroom apartment on the 20th floor of a 38-storey tower completed in 2007.
What is unit 2002 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 214 Tower sold for AED 838,058 to 1,150,000 in the last 12 months, around AED 1,426 per sqft.
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Mortgage on 2002, MAG 214 Tower
Starts from the last sale price (AED 515K, 7 July 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 515,250
- Deposit, UAE resident (20%)
- AED 103,050
- Deposit, non-resident (40%)
- AED 206,100
- Monthly over 25 years at 3.7%
- AED 2,108
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →