5405, Mag 218 Tower
Sold prices and rental history: sold twice, last in January 2024, 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 5405, Mag 218 Tower
What is 5405 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 26 January 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,596 sqft
- Floor
- 54th of 55
- Parking
- 1P33
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 23,200 /yr
- Last sold
- AED 2.18M · January 2024
- Building
- Mag 218 Tower
About 5405, Mag 218 Tower
5405 is a two-bedroom apartment of 1,596 sqft on the 54th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 26 January 2024 for AED 2,175,000, or AED 1,362 per sqft, 28% above the AED 1,063 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, signed on 20 June 2023, is AED 125,000 a year: a gross yield of 5.8% on the 2024 price, before the service charge of about AED 23,200 a year.
Sales and rents for 5405 over time
5405 has sold twice; 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 5405 sits
All 222 2-beds →5405 last sold in January 2024 at AED 1,362 per sqft, 28% above what two-beds in Mag 218 Tower were fetching at the time (AED 1,063). 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. 5405's AED 125,000 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 54th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5401 | 2-bed | 1,596 sqft | AED 1.9MAED 1,900,000 · Dec 2014December 2014 | 175,000 /yr | |
| 5402 | 1-bed | 908 sqft | AED 1.2MAED 1,200,000 · Feb 2025February 2025 | 73,000 /yr | |
| 5403 | 1-bed | 844 sqft | AED 900KAED 900,000 · Apr 2017April 2017 | 82,500 /yr | |
| 5404 | 1-bed | 908 sqft | AED 880KAED 880,000 · May 2012May 2012 | 40,000 /yr | |
| 5406 | 2-bed | 1,596 sqft | AED 1.71MAED 1,710,714 · Sep 2013September 2013 | ||
| 5407 | 1-bed | 908 sqft | AED 1.15MAED 1,150,000 · May 2017May 2017 | 105,000 /yr | |
| 5408 | 1-bed | 844 sqft | AED 1.35MAED 1,350,000 · Mar 2024March 2024 | 68,310 /yr | |
| 5409 | 1-bed | 908 sqft | AED 800KAED 800,338 · Sep 2011September 2011 | 65,000 /yr | |
| 5410 | 2-bed | 1,596 sqft | AED 1.56MAED 1,559,092 · Feb 2012February 2012 | 120,000 /yr |
5405, Mag 218 Tower in numbers
- Sold twice: first on 3 August 2011 for AED 1,042,297, last on 26 January 2024 for AED 2,175,000 (AED 1,362 per sqft).
- Rented since August 2012 on 7 Ejari contracts. The rent fell from AED 95,000 to AED 85,000 in 2021 and recovered to AED 125,000 by June 2023.
- At AED 125,000 a year the gross yield on the 2024 price is 5.8%, 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 26 January 2024.
Questions about 5405, Mag 218 Tower
What did unit 5405 last sell for?
AED 2,175,000 on 26 January 2024: AED 1,362 per sqft for 1,596 sqft. The unit has 2 registered sales; the first was AED 1,042,297 in August 2011.
What is the rent for unit 5405?
AED 125,000 a year on the contract signed on 20 June 2023. The previous contract, from June 2022, was AED 90,000; the unit has been rented since August 2012.
How big is unit 5405?
1,596 sqft (148.3 sqm): a two-bedroom apartment on the 54th floor of a 55-storey tower completed in 2010.
What is unit 5405 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.
Selling 5405? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 5405, Mag 218 Tower
Starts from the last sale price (AED 2.18M, 26 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,175,000
- Deposit, UAE resident (20%)
- AED 435,000
- Deposit, non-resident (40%)
- AED 870,000
- Monthly over 25 years at 3.7%
- AED 8,899
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →