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1-bed · 864 sqftMag 218 Tower, Dubai Marina · 4th floor · completed 2010

407, Mag 218 Tower

Sold prices and rental history: sold twice, last in June 2011, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 22 June 2011
Last soldAED 655K22 June 2011
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, Mag 218 Tower

What is 407 worth today?

Last sold for AED 654,684 in 2011

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22 Jun 2011SoldReady
AED 654,684AED 757 per sqft
6 Jul 2009Sold by developerOff-plan
AED 654,684AED 757 per sqft

Source: Dubai Land Department. Updated 22 June 2011.

Key facts

Type
1-bed apartment
Size
864 sqft
Floor
4th of 55
Parking
4P32
Developer
Dream Estate
Completed
2010
Service charge
AED 12,600 /yr
Last sold
AED 655K · June 2011
Building
Mag 218 Tower

About 407, Mag 218 Tower

407 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 22 June 2011 for AED 654,684, or AED 757 per sqft, 5% below the AED 799 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical one-bed in Mag 218 Tower
1M2005201120172023Typical sale price by year: 2005 AED 721,665; 2006 AED 715,202; 2009 AED 683,640; 2010 AED 723,727; 2011 AED 704,666; 2012 AED 727,380; 2013 AED 982,500; 2014 AED 1,350,000; 2015 AED 1,217,500; 2016 AED 1,100,000; 2017 AED 1,050,000; 2018 AED 995,920; 2019 AED 860,000; 2020 AED 740,000; 2021 AED 779,500; 2022 AED 900,000; 2023 AED 1,000,000; 2024 AED 1,135,000; 2025 AED 1,170,000; 2026 AED 1,260,000Sold by developer, July 2009: AED 654,684 (AED 757 per sqft)Sold, June 2011: AED 654,684 (AED 757 per sqft)

407 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 407, each contractTypical one-bed in Mag 218 Tower
60K80K100K2012201620202024Typical rent by year: 2012 AED 65,000; 2013 AED 78,750; 2014 AED 85,000; 2015 AED 92,751; 2016 AED 90,000; 2017 AED 85,000; 2018 AED 78,000; 2019 AED 70,000; 2020 AED 55,500; 2021 AED 52,000; 2022 AED 62,050; 2023 AED 70,350; 2024 AED 81,450; 2025 AED 84,000; 2026 AED 85,000

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 407 sits

All 326 1-beds →

407 last sold in June 2011 at AED 757 per sqft, 5% below what one-beds in Mag 218 Tower were fetching at the time (AED 799). 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.

Recent 1-bed salesUnit no.Price (AED)Summary
5 Feb 20261,190,000
4 Feb 20261,260,000
2 Feb 20261,270,000
23 Dec 20251,120,000
8 1-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
4052-bedAED 1.55M · Apr 2018
4062-bedAED 900K · Nov 2018
4081-bedAED 700K · Jan 2020
1–7 of 9

407, Mag 218 Tower in numbers

  • Sold twice: first on 6 July 2009 for AED 654,684, last on 22 June 2011 for AED 654,684 (AED 757 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 22 June 2011.

Questions about 407, Mag 218 Tower

What did unit 407 last sell for?

AED 654,684 on 22 June 2011: AED 757 per sqft for 864 sqft. The unit has 2 registered sales; the first was AED 654,684 in July 2009.

How big is unit 407?

864 sqft (80.3 sqm): a one-bedroom apartment on the 4th floor of a 55-storey tower completed in 2010.

What is unit 407 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 407, Mag 218 Tower

Starts from the last sale price (AED 655K, 22 June 2011). Switch to today's estimate once you have unlocked it.
Price
AED 654,684
Deposit, UAE resident (20%)
AED 130,937
Deposit, non-resident (40%)
AED 261,874
Monthly over 25 years at 3.7%
AED 2,679

Plus AED 32,506 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →