5502, Mag 218 Tower
Sold prices and rental history: sold 3 times, last in December 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5502, Mag 218 Tower
What is 5502 worth today?
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Source: Dubai Land Department. Updated 19 December 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 908 sqft
- Floor
- 55th of 55
- Parking
- 1P07
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 13,200 /yr
- Last sold
- AED 1.15M · December 2022
- Building
- Mag 218 Tower
About 5502, Mag 218 Tower
5502 is a one-bedroom apartment of 908 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 19 December 2022 for AED 1,150,000, or AED 1,266 per sqft, 26% above the AED 1,002 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, renewed on 25 September 2021, is AED 53,000 a year: a gross yield of 4.6% on the 2022 price, before the service charge of about AED 13,200 a year.
Sales and rents for 5502 over time
5502 has sold 3 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Mag 218 Tower, and where 5502 sits
All 333 1-beds →5502 last sold in December 2022 at AED 1,266 per sqft, 26% above what one-beds in Mag 218 Tower were fetching at the time (AED 1,002). Over the last 12 months one-beds sold for AED 1,025,000 to 1,600,000, around AED 1,365 per sqft, and rent for AED 60,000 to 160,000 a year. 5502's AED 53,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Sep 202617 September 2026 | 844 sqft | 1,050,000 | 1,244 | ||
| 4 Sep 20264 September 2026 | 875 sqft | 1,150,000 | 1,314 | ||
| 14 Jul 202614 July 2026 | 864 sqft | 1,230,000 | 1,423 | ||
| 7 Jul 20267 July 2026 | 908 sqft | 1,250,000 | 1,376 |
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 | |||||
|---|---|---|---|---|---|
| 5501 | 2-bed | 1,596 sqft | AED 1.85MAED 1,850,000 · Oct 2024October 2024 | 99,000 /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 |
5502, Mag 218 Tower in numbers
- Sold 3 times: first on 6 March 2011 for AED 802,101, last on 19 December 2022 for AED 1,150,000 (AED 1,266 per sqft).
- Rented since July 2014 on 4 Ejari contracts, from AED 95,000 to AED 53,000 a year.
- At AED 53,000 a year the gross yield on the 2022 price is 4.6%, before a service charge of about AED 13,200 a year (AED 14.54 per sqft).
- One-beds in Mag 218 Tower sold for AED 1,025,000–1,600,000 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 19 December 2022.
Questions about 5502, Mag 218 Tower
What did unit 5502 last sell for?
AED 1,150,000 on 19 December 2022: AED 1,266 per sqft for 908 sqft. The unit has 3 registered sales; the first was AED 802,101 in March 2011.
What is the rent for unit 5502?
AED 53,000 a year on the contract renewed on 25 September 2021. The previous contract, from September 2020, was AED 53,000; the unit has been rented since July 2014.
How big is unit 5502?
908 sqft (84.4 sqm): a one-bedroom apartment on the 55th floor of a 55-storey tower completed in 2010.
What is unit 5502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mag 218 Tower sold for AED 1,025,000 to 1,600,000 in the last 12 months, around AED 1,365 per sqft.
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Mortgage on 5502, Mag 218 Tower
Starts from the last sale price (AED 1.15M, 19 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,150,000
- Deposit, UAE resident (20%)
- AED 230,000
- Deposit, non-resident (40%)
- AED 460,000
- Monthly over 25 years at 3.7%
- AED 4,705
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →