5308, Mag 218 Tower
Sold prices and rental history: sold twice, last in April 2018, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5308, Mag 218 Tower
What is 5308 worth today?
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Source: Dubai Land Department. Updated 1 October 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 844 sqft
- Floor
- 53rd of 55
- Parking
- 1P19
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 12,300 /yr
- Last sold
- AED 996K · April 2018
- Building
- Mag 218 Tower
About 5308, Mag 218 Tower
5308 is a one-bedroom apartment of 844 sqft on the 53rd floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 19 April 2018 for AED 995,920, or AED 1,179 per sqft, in line with the AED 1,184 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 1 October 2022, is AED 63,000 a year: a gross yield of 6.3% on the 2018 price, before the service charge of about AED 12,300 a year.
Sales and rents for 5308 over time
5308 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 5308 sits
All 326 1-beds →5308 last sold in April 2018 at AED 1,179 per sqft, in line with what one-beds in Mag 218 Tower were fetching at the time (AED 1,184). 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. 5308's AED 63,000 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 53rd floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5301 | 2-bed | 1,596 sqft | AED 1.88MAED 1,883,280 · Apr 2018April 2018 | 130,000 /yr | |
| 5302 | 1-bed | 908 sqft | AED 1.07MAED 1,071,440 · Apr 2018April 2018 | 90,000 /yr | |
| 5303 | 1-bed | 844 sqft | AED 996KAED 995,920 · Apr 2018April 2018 | 93,450 /yr | |
| 5304 | 1-bed | 908 sqft | AED 1.07MAED 1,071,440 · Apr 2018April 2018 | 85,000 /yr | |
| 5305 | 2-bed | 1,596 sqft | AED 1.88MAED 1,883,280 · Apr 2018April 2018 | 130,000 /yr | |
| 5306 | 2-bed | 1,596 sqft | AED 1.88MAED 1,883,280 · Apr 2018April 2018 | 125,000 /yr | |
| 5307 | 1-bed | 908 sqft | AED 1.07MAED 1,071,440 · Apr 2018April 2018 | 82,000 /yr | |
| 5309 | 1-bed | 908 sqft | AED 1.07MAED 1,071,440 · Apr 2018April 2018 | 92,500 /yr | |
| 5310 | 2-bed | 1,596 sqft | AED 1.88MAED 1,883,280 · Apr 2018April 2018 | 140,000 /yr |
5308, Mag 218 Tower in numbers
- Sold twice: first on 11 October 2011 for AED 778,894, last on 19 April 2018 for AED 995,920 (AED 1,179 per sqft).
- Rented since October 2018 on 4 Ejari contracts. The rent fell from AED 80,000 to AED 55,000 in 2020 and recovered to AED 63,000 by October 2022.
- At AED 63,000 a year the gross yield on the 2018 price is 6.3%, 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 1 October 2022.
Questions about 5308, Mag 218 Tower
What did unit 5308 last sell for?
AED 995,920 on 19 April 2018: AED 1,179 per sqft for 844 sqft. The unit has 2 registered sales; the first was AED 778,894 in October 2011.
What is the rent for unit 5308?
AED 63,000 a year on the contract renewed on 1 October 2022. The previous contract, from October 2021, was AED 58,000; the unit has been rented since October 2018.
How big is unit 5308?
844 sqft (78.4 sqm): a one-bedroom apartment on the 53rd floor of a 55-storey tower completed in 2010.
What is unit 5308 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 5308, Mag 218 Tower
Starts from the last sale price (AED 996K, 19 April 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 995,920
- Deposit, UAE resident (20%)
- AED 199,184
- Deposit, non-resident (40%)
- AED 398,368
- Monthly over 25 years at 3.7%
- AED 4,075
Plus AED 46,839 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →