510, Mag 218 Tower
Sold prices and rental history: sold 4 times, last in January 2013, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 510, Mag 218 Tower
What is 510 worth today?
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Source: Dubai Land Department. Updated 17 February 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,723 sqft
- Floor
- 5th of 55
- Parking
- 4P40
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 25,100 /yr
- Last sold
- AED 740K · January 2013
- Building
- Mag 218 Tower
About 510, Mag 218 Tower
510 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 21 January 2013 for AED 740,000, or AED 429 per sqft, 47% below the AED 802 two-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 17 February 2022, is AED 85,000 a year: a gross yield of 11.5% on the 2013 price, before the service charge of about AED 25,100 a year.
Sales and rents for 510 over time
510 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 510 sits
All 222 2-beds →510 last sold in January 2013 at AED 429 per sqft, 47% below what two-beds in Mag 218 Tower were fetching at the time (AED 802). 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. 510'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 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 | |
| 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, Mag 218 Tower in numbers
- Sold 4 times: first on 6 July 2009 for AED 1,014,695, last on 21 January 2013 for AED 740,000 (AED 429 per sqft).
- Rented since February 2021 on 2 Ejari contracts, from AED 75,000 to AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2013 price is 11.5%, 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 17 February 2022.
Questions about 510, Mag 218 Tower
What did unit 510 last sell for?
AED 740,000 on 21 January 2013: AED 429 per sqft for 1,723 sqft. The unit has 4 registered sales; the first was AED 1,014,695 in July 2009.
What is the rent for unit 510?
AED 85,000 a year on the contract renewed on 17 February 2022. The previous contract, from February 2021, was AED 75,000.
How big is unit 510?
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 510 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 510, Mag 218 Tower
Starts from the last sale price (AED 740K, 21 January 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 740,000
- Deposit, UAE resident (20%)
- AED 148,000
- Deposit, non-resident (40%)
- AED 296,000
- Monthly over 25 years at 3.7%
- AED 3,028
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →