506, Mag 218 Tower
Sold prices and rental history: sold 4 times, last in December 2015, 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 506, Mag 218 Tower
What is 506 worth today?
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Source: Dubai Land Department. Updated 25 May 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,723 sqft
- Floor
- 5th of 55
- Parking
- 4P36
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 25,100 /yr
- Last sold
- AED 1.85M · December 2015
- Building
- Mag 218 Tower
About 506, Mag 218 Tower
506 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 16 December 2015 for AED 1,850,000, or AED 1,073 per sqft, 6% below the AED 1,137 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, renewed on 25 May 2026, is AED 133,000 a year: a gross yield of 7.2% on the 2015 price, before the service charge of about AED 25,100 a year.
Sales and rents for 506 over time
506 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 506 sits
All 222 2-beds →506 last sold in December 2015 at AED 1,073 per sqft, 6% below what two-beds in Mag 218 Tower were fetching at the time (AED 1,137). 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. 506's AED 133,000 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 | |
| 505 | 2-bed | 1,723 sqft | AED 1MAED 1,000,000 · Sep 2016September 2016 | 145,000 /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 |
506, Mag 218 Tower in numbers
- Sold 4 times: first on 24 July 2011 for AED 1,075,360, last on 16 December 2015 for AED 1,850,000 (AED 1,073 per sqft).
- Rented since October 2013 on 12 Ejari contracts. The rent fell from AED 140,000 to AED 75,000 in 2020 and recovered to AED 133,000 by May 2026.
- At AED 133,000 a year the gross yield on the 2015 price is 7.2%, 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 25 May 2026.
Questions about 506, Mag 218 Tower
What did unit 506 last sell for?
AED 1,850,000 on 16 December 2015: AED 1,073 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 506?
AED 133,000 a year on the contract renewed on 25 May 2026. The previous contract, from May 2025, was AED 133,000; the unit has been rented since October 2013.
How big is unit 506?
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 506 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 506, Mag 218 Tower
Starts from the last sale price (AED 1.85M, 16 December 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,850,000
- Deposit, UAE resident (20%)
- AED 370,000
- Deposit, non-resident (40%)
- AED 740,000
- Monthly over 25 years at 3.7%
- AED 7,569
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →