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2-bed · 1,723 sqftMag 218 Tower, Dubai Marina · 4th floor · completed 2010

405, Mag 218 Tower

Sold prices and rental history: sold 5 times, last in April 2018, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 4 April 2018
Last soldAED 1.55M4 April 2018
Current rentAED 160K /yr1 March 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 405, Mag 218 Tower

What is 405 worth today?

Last sold for AED 1,550,000 in 2018

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4 Apr 2018SoldReady
AED 1,550,000AED 899 per sqft
1 Mar 2015RentedNew contract
AED 160,000/yr12 months · AED 93 per sqft
29 Oct 2013SoldReady
AED 2,000,000AED 1,160 per sqft
22 Feb 2013RentedNew contract
AED 95,000/yr12 months · AED 55 per sqft
7 Aug 2012SoldReady
AED 1,291,845AED 749 per sqft
2 Jul 2012SoldReady
AED 1,291,845AED 749 per sqft
26 Jun 2012Sold by developerReady
AED 1,720,000AED 998 per sqft

Source: Dubai Land Department. Updated 4 April 2018.

Key facts

Type
2-bed apartment
Size
1,723 sqft
Floor
4th of 55
Parking
2B45
Developer
Dream Estate
Completed
2010
Service charge
AED 25,100 /yr
Last sold
AED 1.55M · April 2018
Building
Mag 218 Tower

About 405, Mag 218 Tower

405 is a two-bedroom apartment of 1,723 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 4 April 2018 for AED 1,550,000, or AED 899 per sqft, 11% below the AED 1,011 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 1 March 2015, is AED 160,000 a year: a gross yield of 10.3% on the 2018 price, before the service charge of about AED 25,100 a year.

Sales and rents for 405 over time

Sales
Unit 405, each saleTypical two-bed in Mag 218 Tower
1M2M20062011201620212026Typical sale price by year: 2006 AED 1,318,478; 2009 AED 1,437,450; 2010 AED 1,377,898; 2011 AED 1,423,264; 2012 AED 1,411,695; 2013 AED 1,675,000; 2014 AED 2,275,000; 2015 AED 1,950,000; 2016 AED 1,800,000; 2017 AED 1,840,000; 2018 AED 1,550,000; 2019 AED 1,215,000; 2020 AED 1,125,000; 2021 AED 1,215,000; 2022 AED 1,569,166; 2023 AED 1,797,500; 2024 AED 2,175,000; 2025 AED 2,200,000Sold by developer, June 2012: AED 1,720,000 (AED 998 per sqft)Sold, July 2012: AED 1,291,845 (AED 749 per sqft)Sold, August 2012: AED 1,291,845 (AED 749 per sqft)Sold, October 2013: AED 2,000,000 (AED 1,160 per sqft)Sold, April 2018: AED 1,550,000 (AED 899 per sqft)

405 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 405, each contractTypical two-bed in Mag 218 Tower
100K150K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 110,000; 2014 AED 135,000; 2015 AED 137,755; 2016 AED 135,000; 2017 AED 130,000; 2018 AED 120,000; 2019 AED 105,000; 2020 AED 90,000; 2021 AED 85,000; 2022 AED 96,923; 2023 AED 105,000; 2024 AED 128,000; 2025 AED 130,000; 2026 AED 138,462New contract, February 2013: AED 95,000 a yearNew contract, March 2015: AED 160,000 a year

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 405 sits

All 218 2-beds →

405 last sold in April 2018 at AED 899 per sqft, 11% below what two-beds in Mag 218 Tower were fetching at the time (AED 1,011). 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. 405's AED 160,000 is at the top of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Jan 20262,430,000
6 Jan 20262,000,000
21 Jul 20252,350,000
26 Jun 20252,280,000
2 2-bed sales in the last 12 months

Mag 218 Tower

Building

550 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%
Mag 218 Tower, Dubai Marina: prices, sales and rents →

Other units on the 4th floor

All 550 units in Mag 218 Tower
Value
4012-bedAED 1.2M · Jan 2019
4021-bedAED 829K · Apr 2022
4031-bedAED 550K · May 2012
4041-bedAED 1.05M · Oct 2013
4062-bedAED 900K · Nov 2018
4071-bedAED 655K · Jun 2011
4081-bedAED 700K · Jan 2020
1–7 of 9

405, Mag 218 Tower in numbers

  • Sold 5 times: first on 26 June 2012 for AED 1,720,000, last on 4 April 2018 for AED 1,550,000 (AED 899 per sqft).
  • Rented since February 2013 on 2 Ejari contracts, from AED 95,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2018 price is 10.3%, 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 4 April 2018.

Questions about 405, Mag 218 Tower

What did unit 405 last sell for?

AED 1,550,000 on 4 April 2018: AED 899 per sqft for 1,723 sqft. The unit has 5 registered sales; the first was AED 1,720,000 in June 2012.

What is the rent for unit 405?

AED 160,000 a year on the contract signed on 1 March 2015. The previous contract, from February 2013, was AED 95,000.

How big is unit 405?

1,723 sqft (160.1 sqm): a two-bedroom apartment on the 4th floor of a 55-storey tower completed in 2010.

What is unit 405 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 405, Mag 218 Tower

Starts from the last sale price (AED 1.55M, 4 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

Plus AED 70,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →