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Mag 218 Tower, Dubai Marina

Mag 218 Tower, Dubai Marina

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Dubai Marina, Dubai

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Strengths

Prime Location

Modern Amenities

Spacious Apartments

Weakens

High Maintenance Fees

Traffic Congestion

Limited Parking

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Buildign Overview

Summary

  • Mag 218 Tower is prominently located in Dubai Marina, providing stunning views of the waterfront and skyline.
  • Residents benefit from proximity to major facilities including beaches, parks, dining, and entertainment options.
  • Well connected, the building offers easy access to the Dubai Metro and other public transportation systems, ensuring convenient travel within the city.

Properties Overview

  • The tower features a mix of one, two, and three-bedroom apartments, appealing to both renters and buyers.
  • Rental prices typically range from AED 60,000 to AED 120,000 per year, depending on unit size and view.
  • For investors, sales prices generally fall between AED 1.1 million to AED 2.5 million, with demand remaining strong due to the area’s popularity.

Market Trends

  • The Dubai Marina real estate market has seen a steady increase in rental demand, with a consistent 5-10% annual rise in rental prices.
  • Investors can expect a return on investment (ROI) of around 7-9%, reflecting the region's vibrant lifestyle and amenities.
  • In the past year, new developments and increased foreign interest have spurred interest in properties like Mag 218 Tower, with expectations of ongoing growth.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have access to various supermarkets, including Spinneys and Carrefour, along with nearby educational institutions such as Emirates International School.
  • For healthcare, facilities like Mediclinic and the American Hospital Dubai are within a short distance, ensuring excellent medical services.

Transportation and Accessibility

  • Multiple bus and metro stations nearby facilitate seamless connectivity to other parts of Dubai, accentuating the tower's accessibility.
  • The building includes dedicated parking spaces for residents and visitors, enhancing convenience.

Lifestyle Amenities

  • Mag 218 Tower features exceptional lifestyle amenities, including a swimming pool, fitness center, and wellness facilities.
  • A variety of dining options, cafes, and leisure activities abound in the vicinity, catering to diverse preferences.

Builing Facilities

  • The building is equipped with high-speed elevators, 24/7 security, and central air conditioning for comfort and safety.
  • Professional maintenance services ensure that all facilities are well kept and operational for residents.

Special Services

  • Residents can enjoy concierge services, providing assistance with everyday needs and enhancing the living experience.
  • The tower includes business centers and meeting rooms, catering to professionals working from home or conducting business meetings.

Planning Your Move or Investment

Floor Plans and Property Types

  • Mag 218 Tower offers diverse floor plans, ranging from cozy one-bedroom apartments to spacious three-bedroom units to suit varied lifestyles and financial plans.

Things to Consider

  • Prospective tenants and buyers should evaluate factors like proximity to work, accessible amenities, and overall community environment.
  • It's advisable to check individual unit conditions, community rules, and parking regulations before committing.

Useful FAQs and Support

Events and Building Life

Building Events

  • Mag 218 Tower hosts regular community events, providing opportunities for socializing and fostering a vibrant living environment among residents.

Community Identity

  • The building is distinguished by its modern architecture and eco-friendly design, promoting a sustainable urban living experience in Dubai Marina.

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Detailed Buiding Insights

1. Family Friendliness

Mag 218 Tower offers a safe environment with family-friendly amenities including children's play areas and swimming pools, making it suitable for families.

Moderately Welcoming

2. Living Options

The tower provides a variety of apartment layouts, including spacious 1, 2, and 3-bedroom options, catering to different family sizes and preferences.

Broadly Diverse

3. Safety And Security

Mag 218 Tower features state-of-the-art security systems, including 24/7 surveillance and secure access, ensuring resident safety.

Remarkably Secure

4. Transportation

The location of Mag 218 Tower offers excellent transportation options, including easy access to the Dubai Metro and water taxis, facilitating efficient commuting.

Convenient

5. Amenities And Facilities

The tower boasts impressive amenities, including a fully-equipped gym, swimming pool, sauna, and social areas, enhancing the residents' lifestyle.

Richly Equipped

6. Cost Of Living

While rental prices at Mag 218 Tower can be on the higher side compared to other areas in Dubai, the quality of living and amenities justify the costs.

Relatively Balanced

7. Things To Do

Residents enjoy a plethora of recreational options nearby, including restaurants, cafes, beaches, and shopping centers, offering a lively lifestyle.

Vibrantly Diverse

8. Noise Levels

Compared to other areas in Dubai Marina, Mag 218 Tower experiences moderate noise levels due to its location away from the main thoroughfares, making it a relatively serene place to live.

Generally Peaceful

9. Pet Friendliness

Mag 218 Tower allows pets; however, there are some restrictions on breed types and sizes, which may not suit all pet owners.

Moderately Accommodating

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Key Information

Developer: MAG Group

Building Type:  Residential

Building Age: 14 years(completed in 2010)

Length: 555

Unit Types : 1 and 2-bedroom apartments

Floors: 66

Community Insights
Mostly apartments | Luxury | Well connected
Lowest: 135K - 260K AED/year

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