Short Term Rentals in Mag 218 Tower, Dubai Marina
Mag 218 Tower is a 66-storey freehold residential tower in the Marsa Dubai area of Dubai Marina, developed by MAG Group and completed in 2010. It holds 550 apartments split between one and two-bedroom layouts, and Royale Stays manages the setup, pricing and guest side of listing a unit here for a fee starting from 15%.
Storeys
66
Developer
MAG Group
Completed
2010
Units
550 (330 one-bedroom, 220 two-bedroom)
Ownership
Freehold
About Mag 218 Tower
Mag 218 Tower is a 66-storey freehold residential tower in the Marsa Dubai area of Dubai Marina, developed by MAG Group and designed by Dar Al Handasah Consultants. Construction started in November 2006 and finished by May 2010. Of the tower's 66 floors, 55 hold apartments, seven are given over to parking, three are technical floors, and one is dedicated to the building's community area and health club.
The tower holds 550 apartments in total: 330 one-bedroom units ranging from 844 to 980 sq ft, and 220 two-bedroom units ranging from 1,304 to 1,798 sq ft. There is no studio or larger three-bedroom-plus product in the building, Mag 218 Tower's whole offer sits in the one and two-bedroom range, which lines up well with the size of unit that drives most of Dubai Marina's short-term rental demand.
Location & Nearby Landmarks
Mag 218 Tower sits on Al Marsa Street in the Marsa Dubai area of Dubai Marina. For a wider look at what makes Dubai Marina work for short-term rentals, see Royale Stays' Dubai Marina Airbnb management guide.
Dubai Marina is home to several other buildings Royale Stays manages directly, including Marina Heights Tower, a Bayut-named nearby building, and Horizon Tower, each with its own layout and rental profile.
Unit Types
Mag 218 Tower offers 550 apartments across two configurations: 330 one-bedroom units (844-980 sq ft) and 220 two-bedroom units (1,304-1,798 sq ft). Both layouts come with double-glazed windows and Marina views, and some one-bedroom units include a second bathroom. There is no studio or three-bedroom-plus option in the building.
Amenities
Mag 218 Tower's amenities include a temperature-controlled swimming pool and jacuzzi on the podium roof, a gym and health club, a games room, a landscaped garden and barbeque area, a day-care centre and kids' play area, a first-aid medical centre, a community hall for events, concierge and guest services, seven elevators including dedicated service lifts, 24-hour security with CCTV, central air-conditioning, and 572 parking spaces across seven dedicated floors, more than one per unit.
Transportation & Access
Mag 218 Tower is well connected within Dubai Marina: the nearest bus stop, Jumeirah Royal Meridian 1, is about four minutes away, the closest metro station, Sobha Realty on the Red Line, is roughly nine minutes away, and Mina Seyahi Tram Station is within walking distance.
Rental & Price Trends
Real Dubai Land Department transaction data for Mag 218 Tower shows a one-bedroom, 864 sq ft flat selling for AED 1,230,000 (AED 1,424 per sq ft) on 14 July 2026. This is a single dated example transaction, not a market average, prices vary by floor, view and condition. For a personalised income estimate based on a specific unit, Royale Stays' ROI calculator breaks down the full picture. Owning in the building also carries a general-fund service charge around AED 10.53 per sq ft per year, plus a separate unit air-conditioning charge of roughly AED 3.62 per sq ft.
Short-Term Rental Income Potential
Dubai Marina is one of Dubai's strongest-performing short-term rental markets, and Mag 218 Tower already has real short-term letting activity: a one-bedroom unit in the building is listed on Booking.com by a Dubai-based short-term operator, evidence that this building's freehold, standard residential status already supports STR use in practice, not just in theory. With 330 one-bedroom and 220 two-bedroom units and no larger or smaller configurations, Mag 218 Tower's unit mix sits squarely in the size range that drives most of Dubai Marina's guest demand.
Mag 218 Tower's freehold status and standard one and two-bedroom unit mix put it squarely within the kind of property Royale Stays' Airbnb management services are built for: furnishing, photography, dynamic pricing, guest communications, check-in and maintenance coordination, all handled from a management fee starting at 15%. Owners considering a Mag 218 Tower apartment for short-term letting can get a free property assessment by submitting their property directly.
Because Mag 218 Tower is a standard freehold residential building with no hotel or serviced-apartment component, holiday-home permitting follows the normal Dubai Department of Economy and Tourism route, see Royale Stays' holiday home permit guide for the full process.
Income context reviewed by Chris Veinbaums, DTCM-licensed operator.
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