505, Mag 218 Tower
Sold prices and rental history: sold 4 times, last in September 2016, and rented once, from September 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Mag 218 Tower
What is 505 worth today?
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Source: Dubai Land Department. Updated 29 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,723 sqft
- Floor
- 5th of 55
- Parking
- 4P15
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 25,100 /yr
- Last sold
- AED 1M · September 2016
- Building
- Mag 218 Tower
About 505, Mag 218 Tower
505 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 6 September 2016 for AED 1,000,000, or AED 580 per sqft, 45% below the AED 1,056 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 29 September 2026. The current contract, signed on 29 September 2026, is AED 145,000 a year: a gross yield of 14.5% on the 2016 price, before the service charge of about AED 25,100 a year.
Sales and rents for 505 over time
505 has sold 4 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 505 sits
All 222 2-beds →505 last sold in September 2016 at AED 580 per sqft, 45% below what two-beds in Mag 218 Tower were fetching at the time (AED 1,056). 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. 505's AED 145,000 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 | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,723 sqft | AED 1.83MAED 1,825,000 · Aug 2023August 2023 | 100,000 /yr | |
| 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 | |
| 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 |
505, Mag 218 Tower in numbers
- Sold 4 times: first on 24 July 2011 for AED 1,075,360, last on 6 September 2016 for AED 1,000,000 (AED 580 per sqft).
- Rented since September 2026 on one Ejari contract, at AED 145,000 a year.
- At AED 145,000 a year the gross yield on the 2016 price is 14.5%, 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 29 September 2026.
Questions about 505, Mag 218 Tower
What did unit 505 last sell for?
AED 1,000,000 on 6 September 2016: AED 580 per sqft for 1,723 sqft. The unit has 4 registered sales; the first was AED 1,075,360 in July 2011.
What is the rent for unit 505?
AED 145,000 a year on the contract signed on 29 September 2026.
How big is unit 505?
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 505 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 505, Mag 218 Tower
Starts from the last sale price (AED 1M, 6 September 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →