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1-bed · 844 sqftMag 218 Tower, Dubai Marina · 46th floor · completed 2010

4608, Mag 218 Tower

Sold prices and rental history: sold 4 times, last in August 2023, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4608 · DLD and Ejari recordsUpdated 16 August 2023
Last soldAED 1.15M16 August 2023
Current rentAED 54K /yr2 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 4608, Mag 218 Tower

What is 4608 worth today?

Last sold for AED 1,150,000 in 2023

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16 Aug 2023SoldReady
AED 1,150,000AED 1,362 per sqft
2 Jun 2021RentedNew contract
AED 54,000/yr12 months · AED 64 per sqft
1 May 2018RentedNew contract
AED 78,000/yr12 months · AED 93 per sqft
1 Sep 2015RentedNew contract
AED 80,000/yr12 months · AED 95 per sqft
9 Jul 2013SoldReady
AED 670,362AED 794 per sqft
23 Nov 2009Sold by developerOff-plan
AED 670,362AED 794 per sqft
23 Nov 2009SoldOff-plan
AED 670,362AED 794 per sqft

Source: Dubai Land Department. Updated 16 August 2023.

Key facts

Type
1-bed apartment
Size
844 sqft
Floor
46th of 55
Parking
2P15
Developer
Dream Estate
Completed
2010
Service charge
AED 12,300 /yr
Last sold
AED 1.15M · August 2023
Building
Mag 218 Tower

About 4608, Mag 218 Tower

4608 is a one-bedroom apartment of 844 sqft on the 46th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 16 August 2023 for AED 1,150,000, or AED 1,362 per sqft, 21% above the AED 1,128 one-beds in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 2 June 2021, is AED 54,000 a year: a gross yield of 4.7% on the 2023 price, before the service charge of about AED 12,300 a year.

Sales and rents for 4608 over time

Sales
Unit 4608, 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, November 2009: AED 670,362 (AED 794 per sqft)Sold, November 2009: AED 670,362 (AED 794 per sqft)Sold, July 2013: AED 670,362 (AED 794 per sqft)Sold, August 2023: AED 1,150,000 (AED 1,362 per sqft)

4608 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 4608, 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 85,000New contract, September 2015: AED 80,000 a yearNew contract, May 2018: AED 78,000 a yearNew contract, June 2021: AED 54,000 a year

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 4608 sits

All 326 1-beds →

4608 last sold in August 2023 at AED 1,362 per sqft, 21% above what one-beds in Mag 218 Tower were fetching at the time (AED 1,128). 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. 4608's AED 54,000 is at the bottom of that range.

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 46th floor

All 550 units in Mag 218 Tower
Value
46012-bedAED 1.7M · Jun 2024
46021-bedAED 1.25M · Sep 2024
46031-bedAED 850K · Oct 2019
46041-bedAED 1.12M · Jul 2017
46052-bedAED 1.95M · Mar 2013
46062-bedAED 1.9M · Feb 2016
46071-bedAED 1.23M · May 2024
1–7 of 9

4608, Mag 218 Tower in numbers

  • Sold 4 times: first on 23 November 2009 for AED 670,362, last on 16 August 2023 for AED 1,150,000 (AED 1,362 per sqft).
  • Rented since September 2015 on 3 Ejari contracts, from AED 80,000 to AED 54,000 a year.
  • At AED 54,000 a year the gross yield on the 2023 price is 4.7%, 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 16 August 2023.

Questions about 4608, Mag 218 Tower

What did unit 4608 last sell for?

AED 1,150,000 on 16 August 2023: AED 1,362 per sqft for 844 sqft. The unit has 4 registered sales; the first was AED 670,362 in November 2009.

What is the rent for unit 4608?

AED 54,000 a year on the contract signed on 2 June 2021. The previous contract, from May 2018, was AED 78,000; the unit has been rented since September 2015.

How big is unit 4608?

844 sqft (78.4 sqm): a one-bedroom apartment on the 46th floor of a 55-storey tower completed in 2010.

What is unit 4608 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 4608, Mag 218 Tower

Starts from the last sale price (AED 1.15M, 16 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

Plus AED 53,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →