MAG 218, Marsa Dubai

MAG 218 is a mixed-use building in Marsa Dubai, Dubai, developed by MAG. It holds about 785 units: 1-bedroom apartments, 2-bedroom apartments, commercial units. Depending on the unit, windows look out over Golf Course and Marina.

The building was completed in 2011 and has been in use for about 15 years. 28 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 1,353 per sq ft.

MAG 218 is one of 266 buildings in Marsa Dubai: 120 are complete and 39 are still being built.

• A mixed-use ready building
• Located in Marsa Dubai, Dubai
• Developed by MAG
• Completed in Q4 2011
• Unit types: 1 Bed, 2 Beds, Commercial
• Sizes from 60 to 1,800 sq ft
• Views: Golf Course, Marina
• Service charge from AED 7.97 per sq ft
• DAMAC Properties metro station 0.9 km away

Status

Ready

Developer

MAG

Location

Marsa Dubai, Dubai

Completed

Q4 2011

Unit types

1 Bed, 2 Beds, Commercial

Prices from

AED 550.0K

Median price per sq ft

AED 1,353

Median gross yield

6.7%

Service charge

AED 7.97 per sq ft (2017)

Nearest metro

Marina Towers, 0.1 km

Price ranges from the most recent registered sales, by unit type:

• 1-bedroom apartments: AED 1.0M to AED 1.6M (844 to 908 sq ft), across 14 sales
• 2-bedroom apartments: AED 1.6M to AED 2.5M (1,596 to 1,798 sq ft), across 6 sales

1-bedroom homes in MAG 218 were let for AED 65.0K to AED 85.0K a year across 10 recent contracts, with a median of AED 71.5K.

Yearly rents from recent registered contracts, by unit type:

• 1-bedroom apartments: AED 65.0K to AED 85.0K a year (844 to 908 sq ft), across 10 contracts
• 2-bedroom apartments: AED 110.0K to AED 140.0K a year (1,596 to 1,798 sq ft), across 9 contracts

Every sale in MAG 218Every rent contract in MAG 218

The 2017 service charge in MAG 218 is AED 7.97 per sq ft for homes, AED 7.97 per sq ft for shops. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department.

Source: Dubai Land Department service charge index. Rates are reviewed each year.

The nearest Dubai Metro station from MAG 218 is DAMAC Properties (red line, 0.9 km, about 11 min walk), then Nakheel (red line, 0.9 km, about 11 min walk). Stations planned on new lines nearby include Marina Towers (orange line, 0.1 km, about 2 min walk) and Mina Seyahi (orange line, 0.4 km, about 5 min walk).

• Marina TowersOrange line · 0.1 km · about 2 min walk
• Mina SeyahiOrange line · 0.4 km · about 5 min walk
• Media CityOrange line · 0.8 km · about 10 min walk
• Dubai MarinaOrange line · 0.8 km · about 10 min walk
• DAMAC PropertiesRed line · 0.9 km · about 11 min walk
• NakheelRed line · 0.9 km · about 11 min walk

The closest is Spinneys / Emaar Towers, Dubai Marina, 0.2 km from MAG 218 (about 2 min walk).

• Spinneys / Emaar Towers, Dubai MarinaSupermarket · 0.2 km · about 2 min walk
• Marina WalkShopping Mall · 0.4 km · about 5 min walk
• Dubai Marina MallShopping Mall · 1.6 km · about 5 min drive
• Wafi MallShopping Mall · 1.6 km · about 5 min drive
• Marina MallShopping Mall · 1.6 km · about 5 min drive

The closest is Dubai Marriott Harbour Hotel & Suites, 0.3 km from MAG 218 (about 4 min walk).

• Dubai Marriott Harbour Hotel & SuitesHotel · 0.3 km · about 4 min walk
• Marriott Harbour Hotel and SuiteHotel · 0.3 km · about 4 min walk
• Mina Al Siyahi, Le Meridien HotelHotel · 0.3 km · about 4 min walk
• Dubai Marriott Harbour Hotel And SuitesHotel · 0.4 km · about 5 min walk
• Media One HotelHotel · 0.4 km · about 5 min walk

The closest is Dr Marc Mueller VIP Clinic, 0.6 km from MAG 218 (about 7 min walk).

• Dr Marc Mueller VIP ClinicHospital · 0.6 km · about 7 min walk
• Cosmesurge & Emirates HospitalHospital · 0.8 km · about 10 min walk
• Armada Medical CentreHospital · 1.5 km · about 5 min drive
• Mediclinic - Al SufouhHospital · 1.9 km · about 6 min drive
• Eternity Medicine Institute DubaiHospital · 2.4 km · about 7 min drive

The closest is JBR Beach, 1.9 km from MAG 218 (about 6 min drive).

• JBR BeachPark · 1.9 km · about 6 min drive

The nearest is Icademy Middle East Fz.Llc, 1.9 km away. Ratings are the KHDA's latest inspection grades.

• Icademy Middle East Fz.LlcAmerican · KHDA: Not inspected yet · 1.9 km
• Regent International Private School L.L.CUK · KHDA: Very good · 2.5 km
• EMIRATES INTERNATIONAL SCHOOL MEADOWSInternational Baccalaureate - International Baccalaureate (1 · KHDA: Very good · 2.7 km
• The International School of ChoueifatSABIS (UK/US) · KHDA: Acceptable · 3.1 km
• Dubai CollegeUK · KHDA: Outstanding · 3.2 km
• Dubai International Academy L.L.CInternational Baccalaureate - International Baccalaureate (1 · KHDA: Outstanding · 3.2 km

Marsa Dubai has 266 buildings. A few others to compare MAG 218 with:

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  23 Marina

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  52|42 Tower 1

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• Ready

  52|42 Tower 2

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• Off-plan

  Address The Bay

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• Off-plan

  Aeternitas Tower

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• 

  Al Anber

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