2-bed · 1,596 sqftMag 218 Tower, Dubai Marina · 52nd floor · completed 2010

5206, Mag 218 Tower

Sold prices and rental history: sold twice, last in October 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5206 · DLD and Ejari recordsUpdated 13 April 2021
Last soldAED 1.88M10 October 2012
Current rentAED 77K /yr13 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5206, Mag 218 Tower

What is 5206 worth today?

Last sold for AED 1,882,444 in 2012

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13 Apr 2021RentedNew contract
AED 77,000/yr12 months · AED 48 per sqft
27 Apr 2020RentedRenewal
AED 105,000/yr12 months · AED 66 per sqft
27 Apr 2019RentedRenewal
AED 128,000/yr12 months · AED 80 per sqft
27 Apr 2018RentedRenewal
AED 128,000/yr12 months · AED 80 per sqft
27 Apr 2017RentedNew contract
AED 135,000/yr12 months · AED 85 per sqft
6 Dec 2016RentedNew contract
AED 140,000/yr12 months · AED 88 per sqft
5 Nov 2014RentedNew contract
AED 145,000/yr12 months · AED 91 per sqft
15 Oct 2013RentedNew contract
AED 110,000/yr12 months · AED 69 per sqft

Source: Dubai Land Department. Updated 13 April 2021.

Key facts

Type
2-bed apartment
Size
1,596 sqft
Floor
52nd of 55
Parking
1P65
Developer
Dream Estate
Completed
2010
Service charge
AED 23,200 /yr
Last sold
AED 1.88M · October 2012

About 5206, Mag 218 Tower

5206 is a two-bedroom apartment of 1,596 sqft on the 52nd floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 10 October 2012 for AED 1,882,444, or AED 1,179 per sqft, 47% above the AED 800 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 13 April 2021, is AED 77,000 a year: a gross yield of 4.1% on the 2012 price, before the service charge of about AED 23,200 a year.

Sales and rents for 5206 over time

Sales
Unit 5206, each saleTypical two-bed in Mag 218 Tower
1M2M2006201220182024Typical sale price by year: 2006 AED 1,318,478; 2009 AED 1,437,450; 2010 AED 1,377,898; 2011 AED 1,423,264; 2012 AED 1,415,209; 2013 AED 1,700,000; 2014 AED 2,275,000; 2015 AED 1,950,000; 2016 AED 1,800,000; 2017 AED 1,840,000; 2018 AED 1,550,000; 2019 AED 1,215,000; 2020 AED 1,150,000; 2021 AED 1,215,000; 2022 AED 1,534,583; 2023 AED 1,797,500; 2024 AED 2,175,000; 2025 AED 2,200,000; 2026 AED 2,265,000Sold by developer, July 2009: AED 1,882,444 (AED 1,179 per sqft)Sold, October 2012: AED 1,882,444 (AED 1,179 per sqft)

5206 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5206, each contractTypical two-bed in Mag 218 Tower
100K150K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 110,000; 2014 AED 130,000; 2015 AED 137,634; 2016 AED 135,000; 2017 AED 130,000; 2018 AED 120,000; 2019 AED 104,000; 2020 AED 90,000; 2021 AED 85,000; 2022 AED 96,800; 2023 AED 105,500; 2024 AED 126,000; 2025 AED 130,000; 2026 AED 126,000New contract, October 2013: AED 110,000 a yearNew contract, November 2014: AED 145,000 a yearNew contract, December 2016: AED 140,000 a yearNew contract, April 2017: AED 135,000 a yearRenewal, April 2018: AED 128,000 a yearRenewal, April 2019: AED 128,000 a yearRenewal, April 2020: AED 105,000 a yearNew contract, April 2021: AED 77,000 a year

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 5206 sits

All 222 2-beds →

5206 last sold in October 2012 at AED 1,179 per sqft, 47% above what two-beds in Mag 218 Tower were fetching at the time (AED 800). 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. 5206's AED 77,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Oct 20261,600,000
25 Sep 20262,100,000
24 Jun 20262,040,000
19 May 20262,450,000
8 2-bed sales in the last 12 months

Mag 218 Tower

Building

550 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%
Mag 218 Tower, Dubai Marina: prices, sales and rents →

Other units on the 52nd floor

All 550 units in Mag 218 Tower
Value
52012-bedAED 1.45M · Dec 2018
52021-bedAED 1M · May 2022
52031-bedAED 1M · Sep 2017
52041-bedAED 1.5M · Nov 2014
52052-bedAED 1.8M · Jan 2013
52071-bedAED 1.4M · May 2023
52081-bedAED 822K · Dec 2012
1–7 of 9

5206, Mag 218 Tower in numbers

  • Sold twice: first on 6 July 2009 for AED 1,882,444, last on 10 October 2012 for AED 1,882,444 (AED 1,179 per sqft).
  • Rented since October 2013 on 8 Ejari contracts, from AED 110,000 to AED 77,000 a year.
  • At AED 77,000 a year the gross yield on the 2012 price is 4.1%, before a service charge of about AED 23,200 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 13 April 2021.

Questions about 5206, Mag 218 Tower

What did unit 5206 last sell for?

AED 1,882,444 on 10 October 2012: AED 1,179 per sqft for 1,596 sqft. The unit has 2 registered sales; the first was AED 1,882,444 in July 2009.

What is the rent for unit 5206?

AED 77,000 a year on the contract signed on 13 April 2021. The previous contract, from April 2020, was AED 105,000; the unit has been rented since October 2013.

How big is unit 5206?

1,596 sqft (148.3 sqm): a two-bedroom apartment on the 52nd floor of a 55-storey tower completed in 2010.

What is unit 5206 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 5206, Mag 218 Tower

Starts from the last sale price (AED 1.88M, 10 October 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,882,444
Deposit, UAE resident (20%)
AED 376,489
Deposit, non-resident (40%)
AED 752,978
Monthly over 25 years at 3.7%
AED 7,702

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →