1408, Mag 218 Tower
Sold prices and rental history: sold twice, last in May 2013, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1408, Mag 218 Tower
What is 1408 worth today?
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Source: Dubai Land Department. Updated 27 June 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 844 sqft
- Floor
- 14th of 55
- Parking
- 2B51
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 12,300 /yr
- Last sold
- AED 655K · May 2013
- Building
- Mag 218 Tower
About 1408, Mag 218 Tower
1408 is a one-bedroom apartment of 844 sqft on the 14th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 19 May 2013 for AED 655,015, or AED 776 per sqft, 6% below the AED 827 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, renewed on 27 June 2025, is AED 71,400 a year: a gross yield of 10.9% on the 2013 price, before the service charge of about AED 12,300 a year.
Sales and rents for 1408 over time
1408 has sold twice; 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 1408 sits
All 326 1-beds →1408 last sold in May 2013 at AED 776 per sqft, 6% below what one-beds in Mag 218 Tower were fetching at the time (AED 827). Over the last 12 months one-beds sold for AED 1,100,000 to 1,600,000, around AED 1,403 per sqft, and rent for AED 75,075 to 160,000 a year. 1408's AED 71,400 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Feb 20265 February 2026 | 886 sqft | 1,190,000 | 1,343 | ||
| 4 Feb 20264 February 2026 | 898 sqft | 1,260,000 | 1,403 | ||
| 2 Feb 20262 February 2026 | 844 sqft | 1,270,000 | 1,504 | ||
| 23 Dec 202523 December 2025 | 875 sqft | 1,120,000 | 1,279 |
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 14th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 2-bed | 1,742 sqft | AED 1.9MAED 1,900,000 · Feb 2015February 2015 | 140,000 /yr | |
| 1402 | 1-bed | 875 sqft | AED 909KAED 909,000 · Apr 2024April 2024 | 100,000 /yr | |
| 1403 | 1-bed | 844 sqft | AED 825KAED 825,000 · Oct 2022October 2022 | 88,000 /yr | |
| 1404 | 1-bed | 875 sqft | AED 1.12MAED 1,120,000 · Dec 2025December 2025 | 45,000 /yr | |
| 1405 | 2-bed | 1,742 sqft | AED 1.39MAED 1,393,664 · Dec 2013December 2013 | 70,000 /yr | |
| 1406 | 2-bed | 1,742 sqft | AED 2.35MAED 2,350,000 · Jul 2025July 2025 | 141,570 /yr | |
| 1407 | 1-bed | 875 sqft | AED 1.35MAED 1,350,000 · Dec 2024December 2024 | 85,000 /yr | |
| 1409 | 1-bed | 875 sqft | AED 1.05MAED 1,050,000 · Apr 2013April 2013 | 84,000 /yr | |
| 1410 | 2-bed | 1,742 sqft | AED 1.9MAED 1,900,000 · Aug 2015August 2015 | 109,120 /yr |
1408, Mag 218 Tower in numbers
- Sold twice: first on 6 July 2009 for AED 655,015, last on 19 May 2013 for AED 655,015 (AED 776 per sqft).
- Rented since April 2016 on 4 Ejari contracts. The rent fell from AED 85,000 to AED 53,500 in 2022 and recovered to AED 71,400 by June 2025.
- At AED 71,400 a year the gross yield on the 2013 price is 10.9%, 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 1,100,000–1,600,000 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 27 June 2025.
Questions about 1408, Mag 218 Tower
What did unit 1408 last sell for?
AED 655,015 on 19 May 2013: AED 776 per sqft for 844 sqft. The unit has 2 registered sales; the first was AED 655,015 in July 2009.
What is the rent for unit 1408?
AED 71,400 a year on the contract renewed on 27 June 2025. The previous contract, from June 2024, was AED 68,000; the unit has been rented since April 2016.
How big is unit 1408?
844 sqft (78.4 sqm): a one-bedroom apartment on the 14th floor of a 55-storey tower completed in 2010.
What is unit 1408 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 1,100,000 to 1,600,000 in the last 12 months, around AED 1,403 per sqft.
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Mortgage on 1408, Mag 218 Tower
Starts from the last sale price (AED 655K, 19 May 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 655,015
- Deposit, UAE resident (20%)
- AED 131,003
- Deposit, non-resident (40%)
- AED 262,006
- Monthly over 25 years at 3.7%
- AED 2,680
Plus AED 32,521 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →