Mag218
2 BR · Apartment
About the building
66-storey residential building in Dubai Marina, completed in 2010. Developer — MAG Group. Architect — Dar Al Handasah Consultants.
What the building has
- Swimming pool
- Spa and sauna
- Parking
Where it is
The pin is placed by project — accurate to the development, not the door.
Dubai Marina
The original high-rise waterfront: a dense forest of towers around a man-made marina, and still the busiest rental market in the city.
- reliable rental income
- car-free living
- fast resale
What to check: Much of the stock is fifteen to twenty years old and building condition varies enormously. Get the service charge history and walk the common areas before you offer — an unmaintained tower will cost you more than the discount you got.
Full district guide →Questions and answers about lot NP6-107492
How much is this 2-bedroom apartment in Mag218?
Lot NP6-107492 is priced at AED 2 600 000, about $708 000. The size is 1 760 sq ft (164 m²), which works out at AED 1 477 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
Is this expensive or cheap for Dubai Marina?
The database holds 188 lots in Dubai Marina, starting from AED 500 000. The area median is AED 2 312 per sq ft; this lot, at AED 1 477, is 36% below it. 21 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Dubai Marina area guide →Is the property ready or still under construction?
The listing gives no handover date. The project passport gives 2010 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 520 000; a loan of AED 2 080 000 over 25 years at 3.75–4.99% a year comes to roughly AED 10 700–12 100 a month. A non-resident puts down from 40% (AED 1 040 000) and pays about AED 8 000–9 100 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 104 000 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 2 600 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Mag218?
The building has 66 floors and 550 units. The developer is MAG. Completion year: 2010. Figures are from the project passport: Propsearch and the Dubai Land Department.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP6-107492 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Nearby in Dubai Marina
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