4506, Mag 218 Tower
Sold prices and rental history: sold 3 times, last in January 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4506, Mag 218 Tower
What is 4506 worth today?
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Source: Dubai Land Department. Updated 12 January 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,779 sqft
- Floor
- 45th of 55
- Parking
- 2P33
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 25,900 /yr
- Last sold
- AED 2.2M · January 2024
- Building
- Mag 218 Tower
About 4506, Mag 218 Tower
4506 is a two-bedroom apartment of 1,779 sqft on the 45th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 12 January 2024 for AED 2,200,000, or AED 1,236 per sqft, 17% above the AED 1,059 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 22 May 2023, is AED 130,000 a year: a gross yield of 5.9% on the 2024 price, before the service charge of about AED 25,900 a year.
Sales and rents for 4506 over time
4506 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Mag 218 Tower, and where 4506 sits
All 222 2-beds →4506 last sold in January 2024 at AED 1,236 per sqft, 17% above what two-beds in Mag 218 Tower were fetching at the time (AED 1,059). Over the last 12 months two-beds sold for AED 1,600,000 to 2,500,000, around AED 1,273 per sqft, and rent for AED 70,000 to 275,000 a year. 4506's AED 130,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Oct 20267 October 2026 | 1,723 sqft | 1,600,000 | 928 | ||
| 25 Sep 202625 September 2026 | 1,798 sqft | 2,100,000 | 1,167 | ||
| 24 Jun 202624 June 2026 | 1,723 sqft | 2,040,000 | 1,183 | ||
| 19 May 202619 May 2026 | 1,798 sqft | 2,450,000 | 1,362 |
Mag 218 Tower
Building550 apartments, 1-bed to 2-bed over 55 floors in Dubai Marina, completed in 2010 by Dream Estate. 27 sold in the last 12 months.
- Typical price per sqft
- AED 1,362 Up 4.0%
- Typical sale
- AED 1.26M
- Typical rent
- AED 87K /yr
- Typical yield
- 6.3%
Other units on the 45th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 4501 | 2-bed | 1,779 sqft | AED 1.8MAED 1,800,000 · Apr 2016April 2016 | 115,500 /yr | |
| 4502 | 1-bed | 898 sqft | AED 1.18MAED 1,180,000 · Jun 2024June 2024 | 80,010 /yr | |
| 4503 | 1-bed | 844 sqft | AED 387KAED 387,234 · Jul 2011July 2011 | 80,000 /yr | |
| 4504 | 1-bed | 898 sqft | AED 1.3MAED 1,300,000 · Jun 2024June 2024 | 66,596 /yr | |
| 4505 | 2-bed | 1,779 sqft | AED 1.26MAED 1,262,000 · Jul 2021July 2021 | 138,462 /yr | |
| 4507 | 1-bed | 898 sqft | AED 900KAED 900,000 · Mar 2022March 2022 | 84,000 /yr | |
| 4508 | 1-bed | 844 sqft | AED 1.4MAED 1,400,000 · Aug 2024August 2024 | 88,000 /yr | |
| 4509 | 1-bed | 898 sqft | AED 1.17MAED 1,165,000 · Jan 2024January 2024 | 55,000 /yr | |
| 4510 | 2-bed | 1,779 sqft | AED 2.2MAED 2,200,000 · Feb 2025February 2025 | 145,000 /yr |
4506, Mag 218 Tower in numbers
- Sold 3 times: first on 25 December 2012 for AED 1,613,272, last on 12 January 2024 for AED 2,200,000 (AED 1,236 per sqft).
- Rented since May 2018 on 6 Ejari contracts. The rent fell from AED 140,000 to AED 110,000 in 2020 and recovered to AED 130,000 by May 2023.
- At AED 130,000 a year the gross yield on the 2024 price is 5.9%, before a service charge of about AED 25,900 a year (AED 14.54 per sqft).
- Two-beds in Mag 218 Tower sold for AED 1,600,000–2,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,362 per sqft.
Source: Dubai Land Department. Updated 12 January 2024.
Questions about 4506, Mag 218 Tower
What did unit 4506 last sell for?
AED 2,200,000 on 12 January 2024: AED 1,236 per sqft for 1,779 sqft. The unit has 3 registered sales; the first was AED 1,613,272 in December 2012.
What is the rent for unit 4506?
AED 130,000 a year on the contract renewed on 22 May 2023. The previous contract, from May 2022, was AED 115,000; the unit has been rented since May 2018.
How big is unit 4506?
1,779 sqft (165.3 sqm): a two-bedroom apartment on the 45th floor of a 55-storey tower completed in 2010.
What is unit 4506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mag 218 Tower sold for AED 1,600,000 to 2,500,000 in the last 12 months, around AED 1,273 per sqft.
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Mortgage on 4506, Mag 218 Tower
Starts from the last sale price (AED 2.2M, 12 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,200,000
- Deposit, UAE resident (20%)
- AED 440,000
- Deposit, non-resident (40%)
- AED 880,000
- Monthly over 25 years at 3.7%
- AED 9,001
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →