5501, Mag 218 Tower
Sold prices and rental history: sold 3 times, last in October 2024, 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 5501, Mag 218 Tower
What is 5501 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 28 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,596 sqft
- Floor
- 55th of 55
- Parking
- 2P43
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 23,200 /yr
- Last sold
- AED 1.85M · October 2024
- Building
- Mag 218 Tower
About 5501, Mag 218 Tower
5501 is a two-bedroom apartment of 1,596 sqft on the 55th floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 28 October 2024 for AED 1,850,000, or AED 1,159 per sqft, in line with the AED 1,160 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 20 October 2022, is AED 99,000 a year: a gross yield of 5.3% on the 2024 price, before the service charge of about AED 23,200 a year.
Sales and rents for 5501 over time
5501 has sold 3 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 5501 sits
All 222 2-beds →5501 last sold in October 2024 at AED 1,159 per sqft, in line with what two-beds in Mag 218 Tower were fetching at the time (AED 1,160). 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. 5501's AED 99,000 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 55th floor
All 550 units in Mag 218 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5502 | 1-bed | 908 sqft | AED 1.15MAED 1,150,000 · Dec 2022December 2022 | 53,000 /yr | |
| 5503 | 1-bed | 844 sqft | AED 1.15MAED 1,150,000 · Jul 2024July 2024 | 108,000 /yr | |
| 5504 | 1-bed | 908 sqft | AED 802KAED 802,101 · Sep 2011September 2011 | 95,000 /yr | |
| 5505 | 2-bed | 1,596 sqft | AED 1.29MAED 1,290,000 · Jan 2021January 2021 | 132,000 /yr | |
| 5506 | 2-bed | 1,596 sqft | AED 1.6MAED 1,600,000 · Mar 2011March 2011 | 99,700 /yr | |
| 5507 | 1-bed | 908 sqft | AED 891KAED 891,223 · Sep 2012September 2012 | 76,072 /yr | |
| 5508 | 1-bed | 844 sqft | AED 828KAED 827,866 · Sep 2013September 2013 | ||
| 5509 | 1-bed | 908 sqft | AED 860KAED 860,000 · May 2011May 2011 | 105,000 /yr | |
| 5510 | 2-bed | 1,596 sqft | AED 1.72MAED 1,718,787 · Jun 2012June 2012 |
5501, Mag 218 Tower in numbers
- Sold 3 times: first on 4 September 2011 for AED 1,894,963, last on 28 October 2024 for AED 1,850,000 (AED 1,159 per sqft).
- Rented since July 2013 on 7 Ejari contracts, from AED 125,000 to AED 99,000 a year.
- At AED 99,000 a year the gross yield on the 2024 price is 5.3%, 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 28 October 2024.
Questions about 5501, Mag 218 Tower
What did unit 5501 last sell for?
AED 1,850,000 on 28 October 2024: AED 1,159 per sqft for 1,596 sqft. The unit has 3 registered sales; the first was AED 1,894,963 in September 2011.
What is the rent for unit 5501?
AED 99,000 a year on the contract renewed on 20 October 2022. The previous contract, from October 2021, was AED 90,000; the unit has been rented since July 2013.
How big is unit 5501?
1,596 sqft (148.3 sqm): a two-bedroom apartment on the 55th floor of a 55-storey tower completed in 2010.
What is unit 5501 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 5501? 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 5501, Mag 218 Tower
Starts from the last sale price (AED 1.85M, 28 October 2024). 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 →