5001, Mag 218 Tower
Sold prices and rental history: sold once, by the developer in March 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5001, Mag 218 Tower
What is 5001 worth today?
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Source: Dubai Land Department. Updated 4 September 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,798 sqft
- Floor
- 50th of 55
- Parking
- 1P56
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 26,100 /yr
- Last sold
- AED 1.57M · March 2013
- Building
- Mag 218 Tower
About 5001, Mag 218 Tower
5001 is a two-bedroom apartment of 1,798 sqft on the 50th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. The developer sold it on 11 March 2013 for AED 1,571,716, or AED 874 per sqft, 8% above the AED 810 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 4 September 2021, is AED 85,000 a year: a gross yield of 5.4% on the 2013 price, before the service charge of about AED 26,100 a year.
Sales and rents for 5001 over time
5001 has sold once; 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 5001 sits
All 222 2-beds →5001 last sold in March 2013 at AED 874 per sqft, 8% above what two-beds in Mag 218 Tower were fetching at the time (AED 810). 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. 5001's AED 85,000 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 50th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5002 | 1-bed | 908 sqft | AED 1.17MAED 1,170,000 · May 2025May 2025 | 75,000 /yr | |
| 5003 | 1-bed | 844 sqft | AED 875KAED 875,000 · Oct 2012October 2012 | 58,000 /yr | |
| 5004 | 1-bed | 908 sqft | AED 1.1MAED 1,100,000 · Mar 2026March 2026 | 85,000 /yr | |
| 5005 | 2-bed | 1,798 sqft | AED 1.82MAED 1,819,458 · Sep 2013September 2013 | 120,062 /yr | |
| 5006 | 2-bed | 1,798 sqft | AED 1.57MAED 1,569,166 · Nov 2022November 2022 | 140,000 /yr | |
| 5007 | 1-bed | 908 sqft | AED 766KAED 766,460 · Oct 2013October 2013 | ||
| 5008 | 1-bed | 844 sqft | AED 1MAED 1,000,000 · Apr 2019April 2019 | 80,000 /yr | |
| 5009 | 1-bed | 908 sqft | AED 728KAED 728,137 · Jan 2012January 2012 | 70,000 /yr | |
| 5010 | 2-bed | 1,798 sqft | AED 1.29MAED 1,285,950 · Nov 2011November 2011 | 137,000 /yr |
5001, Mag 218 Tower in numbers
- Sold once: by Dream Estate on 11 March 2013 for AED 1,571,716, or AED 874 per sqft.
- Rented since October 2013 on 7 Ejari contracts, from AED 101,370 to AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2013 price is 5.4%, before a service charge of about AED 26,100 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 4 September 2021.
Questions about 5001, Mag 218 Tower
What did unit 5001 last sell for?
AED 1,571,716 on 11 March 2013, sold by the developer: AED 874 per sqft for 1,798 sqft. It is the only registered sale of the unit.
What is the rent for unit 5001?
AED 85,000 a year on the contract renewed on 4 September 2021. The previous contract, from September 2020, was AED 78,000; the unit has been rented since October 2013.
How big is unit 5001?
1,798 sqft (167.0 sqm): a two-bedroom apartment on the 50th floor of a 55-storey tower completed in 2010.
What is unit 5001 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 5001, Mag 218 Tower
Starts from the last sale price (AED 1.57M, 11 March 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 1,571,716
- Deposit, UAE resident (20%)
- AED 314,343
- Deposit, non-resident (40%)
- AED 628,686
- Monthly over 25 years at 3.7%
- AED 6,430
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →