501, Mag 218 Tower
Sold prices and rental history: sold 6 times, last in August 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Mag 218 Tower
What is 501 worth today?
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Source: Dubai Land Department. Updated 15 August 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,723 sqft
- Floor
- 5th of 55
- Parking
- 4P11
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 25,100 /yr
- Last sold
- AED 1.83M · August 2023
- Building
- Mag 218 Tower
About 501, Mag 218 Tower
501 is a two-bedroom apartment of 1,723 sqft on the 5th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 15 August 2023 for AED 1,825,000, or AED 1,059 per sqft, 15% above the AED 919 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 19 January 2022, is AED 100,000 a year: a gross yield of 5.5% on the 2023 price, before the service charge of about AED 25,100 a year.
Sales and rents for 501 over time
501 has sold 6 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 501 sits
All 222 2-beds →501 last sold in August 2023 at AED 1,059 per sqft, 15% above what two-beds in Mag 218 Tower were fetching at the time (AED 919). 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. 501's AED 100,000 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 5th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 1-bed | 864 sqft | AED 1.1MAED 1,100,000 · Dec 2013December 2013 | 80,000 /yr | |
| 503 | 1-bed | 844 sqft | AED 918KAED 918,000 · Oct 2024October 2024 | 80,000 /yr | |
| 504 | 1-bed | 864 sqft | AED 1.12MAED 1,120,000 · Apr 2024April 2024 | 80,000 /yr | |
| 505 | 2-bed | 1,723 sqft | AED 1MAED 1,000,000 · Sep 2016September 2016 | 145,000 /yr | |
| 506 | 2-bed | 1,723 sqft | AED 1.85MAED 1,850,000 · Dec 2015December 2015 | 133,000 /yr | |
| 507 | 1-bed | 864 sqft | AED 650KAED 650,000 · Jun 2012June 2012 | 68,500 /yr | |
| 508 | 1-bed | 844 sqft | AED 825KAED 825,000 · Sep 2012September 2012 | 75,000 /yr | |
| 509 | 1-bed | 864 sqft | AED 1MAED 1,000,000 · Nov 2012November 2012 | 140,000 /yr | |
| 510 | 2-bed | 1,723 sqft | AED 740KAED 740,000 · Jan 2013January 2013 | 85,000 /yr |
501, Mag 218 Tower in numbers
- Sold 6 times: first on 6 July 2009 for AED 1,014,695, last on 15 August 2023 for AED 1,825,000 (AED 1,059 per sqft).
- Rented since August 2012 on 7 Ejari contracts, from AED 80,000 to AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2023 price is 5.5%, before a service charge of about AED 25,100 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 15 August 2023.
Questions about 501, Mag 218 Tower
What did unit 501 last sell for?
AED 1,825,000 on 15 August 2023: AED 1,059 per sqft for 1,723 sqft. The unit has 6 registered sales; the first was AED 1,014,695 in July 2009.
What is the rent for unit 501?
AED 100,000 a year on the contract renewed on 19 January 2022. The previous contract, from January 2022, was AED 99,465; the unit has been rented since August 2012.
How big is unit 501?
1,723 sqft (160.1 sqm): a two-bedroom apartment on the 5th floor of a 55-storey tower completed in 2010.
What is unit 501 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 501, Mag 218 Tower
Starts from the last sale price (AED 1.83M, 15 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,825,000
- Deposit, UAE resident (20%)
- AED 365,000
- Deposit, non-resident (40%)
- AED 730,000
- Monthly over 25 years at 3.7%
- AED 7,467
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →