Mag218 in Dubai Marina - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Mag218

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	82	13,477	1,110,000

Rents in Mag218

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	81	1,117	89,925
2	160	738	118,000

The cap rate (rental yield) of investments into Mag218 project is 7.4% on average.

The price of an apartment in Mag218 is 13,477 AED/sqm on average.

The long term rent of an apartment in Mag218 is 991 AED/sqm/year on average.

Price for completed 1 bedroom apartment in Mag218 is 1,110,000 AED or 13,477 AED/sqm.

Rent for 1 bedroom apartment in Mag218 is 89,925 AED or 1,117 AED/sqm.
Rent for 2 bedroom apartment in Mag218 is 118,000 AED or 738 AED/sqm.

About Mag218

'Mag218' in 'Dubai Marina' area project description

Mag218 is a residential project located in the heart of Dubai, UAE. The project is developed by MAG Property Development, a leading real estate developer in the region. It is located in the Jumeirah Lake Towers (JLT) district, one of the most sought-after locations in Dubai.

The project consists of two towers, each with its own unique design and features. The first tower is a 40-storey residential tower, offering luxurious apartments with stunning views of the city skyline and the Dubai Marina. The second tower is a 20-storey commercial tower, offering offices and retail spaces.

The project features a range of amenities, including a swimming pool, a gym, a spa, a sauna, a steam room, a jacuzzi, a kids’ play area, a business center, and a multi-purpose hall. Additionally, the project is equipped with 24-hour security and CCTV surveillance.

The apartments in Mag218 are designed to provide maximum comfort and convenience. They feature modern interiors, high-end appliances, and spacious balconies. The apartments are available in a range of sizes, from studio apartments to four-bedroom units.

The project is conveniently located close to a number of attractions, including the Dubai Marina, the Palm Jumeirah, the Dubai Mall, and the Dubai International Financial Centre. It is also close to a number of public transportation options, including the Dubai Metro, the Dubai Tram, and the Dubai Water Bus.

Overall, Mag218 is an excellent residential and commercial project, offering luxurious living and convenient access to the best that Dubai has to offer. With its modern design, high-end amenities, and convenient location, it is the perfect place to call home.

Q&A on Mag218

What are the advantages of 'Mag218' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Mag218 is located in the heart of Dubai Marina, one of the most sought-after residential areas in the city. This prime location provides easy access to the city’s best attractions, including the beach, shopping malls, restaurants, and entertainment venues.

2. Luxury Amenities: Mag218 offers a range of luxurious amenities, such as a fully-equipped gym, a swimming pool, and a sauna. Residents can also enjoy a range of services, including housekeeping, laundry, and 24-hour security.

3. Affordable Prices: Mag218 offers competitive prices for its apartments, making it an attractive option for real estate buyers.

4. High Quality Construction: Mag218 is built with high-quality materials and modern design, ensuring that the building will stand the test of time.

5. Flexible Payment Plans: Mag218 offers flexible payment plans, allowing buyers to pay in installments over a period of time. This makes it easier for buyers to purchase their dream home.

What projects are better than 'Mag218' project in Dubai which are located close by, and why?

Marina Gate: Offers superior amenities including infinity pools, a modern fitness center, various retail outlets, and direct access to the Marina Walk.

Cayan Tower: Features a unique architectural design with its twisting structure, high-quality finishes, and a prime location near various dining and entertainment options.

Marina Heights: Known for its spacious apartments, high-end interior finishes, and comprehensive facilities including a large swimming pool area and gym.

Le Rêve: Targets luxury living with its expansive units, high-security measures, valet parking, and concierge services.

Silverene Towers: Benefits from modern design, state-of-the-art amenities, and its proximity to Marina Mall, offering a balance of lifestyle and convenience.

Al Majara: Provides a serene setting with landscaped gardens, excellent facilities like a theater and yoga rooms, and is close to Marina Walk and public transport links.

Jumeirah Living Marina Gate: Combines luxury with hotel-style services, including a dedicated guest relations team, children's play areas, and is situated right at the waterfront.