1502, 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 1502, Mag 218 Tower
What is 1502 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 20 February 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 875 sqft
- Floor
- 15th of 55
- Parking
- 2B60
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 12,700 /yr
- Last sold
- AED 749K · May 2013
- Building
- Mag 218 Tower
About 1502, Mag 218 Tower
1502 is a one-bedroom apartment of 875 sqft on the 15th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 22 May 2013 for AED 748,973, or AED 855 per sqft, in line with the AED 836 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 20 February 2021, is AED 43,000 a year: a gross yield of 5.7% on the 2013 price, before the service charge of about AED 12,700 a year.
Sales and rents for 1502 over time
1502 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 1502 sits
All 326 1-beds →1502 last sold in May 2013 at AED 855 per sqft, in line with what one-beds in Mag 218 Tower were fetching at the time (AED 836). 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. 1502's AED 43,000 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 15th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,742 sqft | AED 2.2MAED 2,200,000 · Feb 2014February 2014 | ||
| 1503 | 1-bed | 844 sqft | AED 750KAED 750,000 · Jan 2012January 2012 | 80,000 /yr | |
| 1504 | 1-bed | 437 sqft | AED 930KAED 930,000 · Nov 2023November 2023 | 84,000 /yr | |
| 1505 | 2-bed | 1,742 sqft | AED 1.7MAED 1,703,424 · Oct 2013October 2013 | 160,000 /yr | |
| 1506 | 2-bed | 1,742 sqft | AED 2.2MAED 2,200,000 · Jun 2024June 2024 | 90,000 /yr | |
| 1507 | 1-bed | 875 sqft | AED 1.1MAED 1,100,000 · Apr 2016April 2016 | 50,000 /yr | |
| 1508 | 1-bed | 844 sqft | AED 700KAED 700,000 · Aug 2020August 2020 | 60,000 /yr | |
| 1509 | 1-bed | 875 sqft | AED 660KAED 660,457 · Dec 2011December 2011 | 66,150 /yr | |
| 1510 | 2-bed | 1,742 sqft | AED 1.43MAED 1,430,000 · Oct 2012October 2012 | 126,000 /yr |
1502, Mag 218 Tower in numbers
- Sold twice: first on 6 July 2009 for AED 748,973, last on 22 May 2013 for AED 748,973 (AED 855 per sqft).
- Rented since March 2016 on 4 Ejari contracts, from AED 85,000 to AED 43,000 a year.
- At AED 43,000 a year the gross yield on the 2013 price is 5.7%, before a service charge of about AED 12,700 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 20 February 2021.
Questions about 1502, Mag 218 Tower
What did unit 1502 last sell for?
AED 748,973 on 22 May 2013: AED 855 per sqft for 875 sqft. The unit has 2 registered sales; the first was AED 748,973 in July 2009.
What is the rent for unit 1502?
AED 43,000 a year on the contract signed on 20 February 2021. The previous contract, from September 2018, was AED 70,000; the unit has been rented since March 2016.
How big is unit 1502?
875 sqft (81.3 sqm): a one-bedroom apartment on the 15th floor of a 55-storey tower completed in 2010.
What is unit 1502 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.
Selling 1502? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1502, Mag 218 Tower
Starts from the last sale price (AED 749K, 22 May 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 748,973
- Deposit, UAE resident (20%)
- AED 149,795
- Deposit, non-resident (40%)
- AED 299,589
- Monthly over 25 years at 3.7%
- AED 3,064
Plus AED 36,467 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →