1005, Mag 218 Tower
Sold prices and rental history: sold 3 times, last in July 2023, 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 1005, Mag 218 Tower
What is 1005 worth today?
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Source: Dubai Land Department. Updated 26 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,723 sqft
- Floor
- 10th of 55
- Parking
- 3B19
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 25,100 /yr
- Last sold
- AED 1.44M · July 2023
- Building
- Mag 218 Tower
About 1005, Mag 218 Tower
1005 is a two-bedroom apartment of 1,723 sqft on the 10th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 19 July 2023 for AED 1,438,000, or AED 834 per sqft, 10% below the AED 929 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 26 July 2024, is AED 139,625 a year: a gross yield of 9.7% on the 2023 price, before the service charge of about AED 25,100 a year.
Sales and rents for 1005 over time
1005 has sold 3 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 1005 sits
All 218 2-beds →1005 last sold in July 2023 at AED 834 per sqft, 10% below what two-beds in Mag 218 Tower were fetching at the time (AED 929). Over the last 12 months two-beds sold for AED 2,000,000 to 2,430,000, around AED 1,263 per sqft, and rent for AED 118,000 to 155,000 a year. 1005's AED 139,625 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Jan 202614 January 2026 | 1,779 sqft | 2,430,000 | 1,365 | ||
| 6 Jan 20266 January 2026 | 1,723 sqft | 2,000,000 | 1,160 | ||
| 21 Jul 202521 July 2025 | 1,742 sqft | 2,350,000 | 1,348 | ||
| 26 Jun 202526 June 2025 | 1,742 sqft | 2,280,000 | 1,308 |
Mag 218 Tower
Building550 apartments, 1-bed to 2-bed over 55 floors in Dubai Marina, completed in 2010 by Dream Estate. 10 sold in the last 12 months.
- Typical price per sqft
- AED 1,384 Up 5.7%
- Typical sale
- AED 1.27M
- Typical rent
- AED 91K /yr
- Typical yield
- 6.9%
Other units on the 10th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 2-bed | 1,723 sqft | AED 1.98MAED 1,980,000 · Feb 2025February 2025 | 65,000 /yr | |
| 1002 | 1-bed | 864 sqft | AED 970KAED 970,000 · Jul 2024July 2024 | 82,000 /yr | |
| 1003 | 1-bed | 844 sqft | AED 649KAED 648,686 · Dec 2012December 2012 | 68,200 /yr | |
| 1004 | 1-bed | 864 sqft | AED 700KAED 700,000 · Nov 2021November 2021 | 75,000 /yr | |
| 1006 | 2-bed | 1,723 sqft | AED 2.3MAED 2,300,000 · Sep 2024September 2024 | 100,000 /yr | |
| 1007 | 1-bed | 864 sqft | AED 664KAED 664,407 · Dec 2012December 2012 | 85,000 /yr | |
| 1008 | 1-bed | 844 sqft | AED 1.35MAED 1,350,000 · Dec 2015December 2015 | 81,000 /yr | |
| 1009 | 1-bed | 864 sqft | AED 1.3MAED 1,300,000 · Dec 2013December 2013 | 95,000 /yr | |
| 1010 | 2-bed | 1,723 sqft | AED 1.44MAED 1,438,947 · Jul 2023July 2023 | 130,000 /yr |
1005, Mag 218 Tower in numbers
- Sold 3 times: first on 6 July 2009 for AED 1,243,748, last on 19 July 2023 for AED 1,438,000 (AED 834 per sqft).
- Rented since May 2013 on 9 Ejari contracts. The rent fell from AED 120,000 to AED 99,732 in 2022 and recovered to AED 139,625 by July 2024.
- At AED 139,625 a year the gross yield on the 2023 price is 9.7%, 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 2,000,000–2,430,000 in the 12 months to November 2026; the building's median across all types is AED 1,384 per sqft.
Source: Dubai Land Department. Updated 26 July 2024.
Questions about 1005, Mag 218 Tower
What did unit 1005 last sell for?
AED 1,438,000 on 19 July 2023: AED 834 per sqft for 1,723 sqft. The unit has 3 registered sales; the first was AED 1,243,748 in July 2009.
What is the rent for unit 1005?
AED 139,625 a year on the contract signed on 26 July 2024. The previous contract, from July 2023, was AED 100,000; the unit has been rented since May 2013.
How big is unit 1005?
1,723 sqft (160.1 sqm): a two-bedroom apartment on the 10th floor of a 55-storey tower completed in 2010.
What is unit 1005 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 2,000,000 to 2,430,000 in the last 12 months, around AED 1,263 per sqft.
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Mortgage on 1005, Mag 218 Tower
Starts from the last sale price (AED 1.44M, 19 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,438,000
- Deposit, UAE resident (20%)
- AED 287,600
- Deposit, non-resident (40%)
- AED 575,200
- Monthly over 25 years at 3.7%
- AED 5,883
Plus AED 65,406 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →