402, Mag 218 Tower
Sold prices and rental history: sold 4 times, last in April 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 402, Mag 218 Tower
What is 402 worth today?
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Source: Dubai Land Department. Updated 1 September 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 864 sqft
- Floor
- 4th of 55
- Parking
- 4P35
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 12,600 /yr
- Last sold
- AED 829K · April 2022
- Building
- Mag 218 Tower
About 402, Mag 218 Tower
402 is a one-bedroom apartment of 864 sqft on the 4th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 11 April 2022 for AED 829,000, or AED 959 per sqft, in line with the AED 936 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 1 September 2023, is AED 122,705 a year: a gross yield of 14.8% on the 2022 price, before the service charge of about AED 12,600 a year.
Sales and rents for 402 over time
402 has sold 4 times; 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 402 sits
All 326 1-beds →402 last sold in April 2022 at AED 959 per sqft, in line with what one-beds in Mag 218 Tower were fetching at the time (AED 936). 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. 402's AED 122,705 is in the upper half 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 4th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,723 sqft | AED 1.2MAED 1,200,000 · Jan 2019January 2019 | 110,000 /yr | |
| 403 | 1-bed | 844 sqft | AED 550KAED 550,000 · May 2012May 2012 | 82,000 /yr | |
| 404 | 1-bed | 864 sqft | AED 1.05MAED 1,050,000 · Oct 2013October 2013 | 72,000 /yr | |
| 405 | 2-bed | 1,723 sqft | AED 1.55MAED 1,550,000 · Apr 2018April 2018 | 160,000 /yr | |
| 406 | 2-bed | 1,723 sqft | AED 900KAED 900,000 · Nov 2018November 2018 | 115,000 /yr | |
| 407 | 1-bed | 864 sqft | AED 655KAED 654,684 · Jun 2011June 2011 | ||
| 408 | 1-bed | 844 sqft | AED 700KAED 700,000 · Jan 2020January 2020 | 90,000 /yr | |
| 409 | 1-bed | 864 sqft | AED 1MAED 1,000,000 · Feb 2020February 2020 | 80,000 /yr | |
| 410 | 2-bed | 1,723 sqft | AED 1.49MAED 1,486,228 · Oct 2011October 2011 | 155,000 /yr |
402, Mag 218 Tower in numbers
- Sold 4 times: first on 7 May 2012 for AED 654,684, last on 11 April 2022 for AED 829,000 (AED 959 per sqft).
- Rented since January 2014 on 5 Ejari contracts. The rent fell from AED 76,000 to AED 42,000 in 2020 and recovered to AED 122,705 by September 2023.
- At AED 122,705 a year the gross yield on the 2022 price is 14.8%, before a service charge of about AED 12,600 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 1 September 2023.
Questions about 402, Mag 218 Tower
What did unit 402 last sell for?
AED 829,000 on 11 April 2022: AED 959 per sqft for 864 sqft. The unit has 4 registered sales; the first was AED 654,684 in May 2012.
What is the rent for unit 402?
AED 122,705 a year on the contract renewed on 1 September 2023. The previous contract, from September 2021, was AED 46,000; the unit has been rented since January 2014.
How big is unit 402?
864 sqft (80.3 sqm): a one-bedroom apartment on the 4th floor of a 55-storey tower completed in 2010.
What is unit 402 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 402, Mag 218 Tower
Starts from the last sale price (AED 829K, 11 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 829,000
- Deposit, UAE resident (20%)
- AED 165,800
- Deposit, non-resident (40%)
- AED 331,600
- Monthly over 25 years at 3.7%
- AED 3,392
Plus AED 39,828 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →