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1-bed · 844 sqftMag 218 Tower, Dubai Marina · 55th floor · completed 2010

5508, Mag 218 Tower

Sold prices and rental history: sold twice, last in September 2013, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5508 · DLD and Ejari recordsUpdated 17 September 2013
Last soldAED 828K17 September 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 5508, Mag 218 Tower

What is 5508 worth today?

Last sold for AED 827,866 in 2013

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17 Sep 2013SoldReady
AED 827,866AED 980 per sqft
6 Jul 2009Sold by developerOff-plan
AED 827,866AED 980 per sqft

Source: Dubai Land Department. Updated 17 September 2013.

Key facts

Type
1-bed apartment
Size
844 sqft
Floor
55th of 55
Parking
1P11
Developer
Dream Estate
Completed
2010
Service charge
AED 12,300 /yr
Last sold
AED 828K · September 2013
Building
Mag 218 Tower

About 5508, Mag 218 Tower

5508 is a one-bedroom apartment of 844 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 17 September 2013 for AED 827,866, or AED 980 per sqft, 10% above the AED 892 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 5508 over time

Sales
Unit 5508, each saleTypical one-bed in Mag 218 Tower
1M2005201120172023Typical sale price by year: 2005 AED 721,665; 2006 AED 715,202; 2008 AED 781,429; 2009 AED 683,640; 2010 AED 724,314; 2011 AED 704,666; 2012 AED 727,380; 2013 AED 982,500; 2014 AED 1,350,000; 2015 AED 1,217,500; 2016 AED 1,100,000; 2017 AED 1,075,000; 2018 AED 995,920; 2019 AED 850,000; 2020 AED 740,000; 2021 AED 779,500; 2022 AED 900,000; 2023 AED 1,000,000; 2024 AED 1,135,000; 2025 AED 1,187,500; 2026 AED 1,185,000Sold by developer, July 2009: AED 827,866 (AED 980 per sqft)Sold, September 2013: AED 827,866 (AED 980 per sqft)

5508 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 5508, each contractTypical one-bed in Mag 218 Tower
60K80K2012201620202024Typical rent by year: 2012 AED 65,000; 2013 AED 78,750; 2014 AED 85,675; 2015 AED 92,000; 2016 AED 90,000; 2017 AED 85,000; 2018 AED 78,000; 2019 AED 70,000; 2020 AED 55,000; 2021 AED 52,000; 2022 AED 61,700; 2023 AED 70,350; 2024 AED 81,000; 2025 AED 84,525; 2026 AED 80,000

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 5508 sits

All 333 1-beds →

5508 last sold in September 2013 at AED 980 per sqft, 10% above what one-beds in Mag 218 Tower were fetching at the time (AED 892). 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.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Sep 20261,050,000
4 Sep 20261,150,000
14 Jul 20261,230,000
7 Jul 20261,250,000
19 1-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 55th floor

All 550 units in Mag 218 Tower
Value
55012-bedAED 1.85M · Oct 2024
55021-bedAED 1.15M · Dec 2022
55031-bedAED 1.15M · Jul 2024
55041-bedAED 802K · Sep 2011
55052-bedAED 1.29M · Jan 2021
55062-bedAED 1.6M · Mar 2011
55071-bedAED 891K · Sep 2012
1–7 of 9

5508, Mag 218 Tower in numbers

  • Sold twice: first on 6 July 2009 for AED 827,866, last on 17 September 2013 for AED 827,866 (AED 980 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 17 September 2013.

Questions about 5508, Mag 218 Tower

What did unit 5508 last sell for?

AED 827,866 on 17 September 2013: AED 980 per sqft for 844 sqft. The unit has 2 registered sales; the first was AED 827,866 in July 2009.

How big is unit 5508?

844 sqft (78.4 sqm): a one-bedroom apartment on the 55th floor of a 55-storey tower completed in 2010.

What is unit 5508 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 5508, Mag 218 Tower

Starts from the last sale price (AED 828K, 17 September 2013). Switch to today's estimate once you have unlocked it.
Price
AED 827,866
Deposit, UAE resident (20%)
AED 165,573
Deposit, non-resident (40%)
AED 331,146
Monthly over 25 years at 3.7%
AED 3,387

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