2-bed · 1,596 sqftMag 218 Tower, Dubai Marina · 51st floor · completed 2010

5106, Mag 218 Tower

Sold prices and rental history: sold twice, last in November 2012, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5106 · DLD and Ejari recordsUpdated 1 November 2021
Last soldAED 1.63M19 November 2012
Current rentAED 115K /yr1 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5106, Mag 218 Tower

What is 5106 worth today?

Last sold for AED 1,625,000 in 2012

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1 Nov 2021RentedNew contract
AED 115,000/yr12 months · AED 72 per sqft
5 Oct 2020RentedRenewal
AED 120,000/yr12 months · AED 75 per sqft
5 Oct 2019RentedNew contract
AED 125,000/yr12 months · AED 78 per sqft
5 Oct 2017RentedNew contract
AED 142,500/yr12 months · AED 89 per sqft
19 Nov 2012SoldReady
AED 1,625,000AED 1,018 per sqft
23 Sep 2012Sold by developerReady
AED 1,878,266AED 1,176 per sqft

Source: Dubai Land Department. Updated 1 November 2021.

Key facts

Type
2-bed apartment
Size
1,596 sqft
Floor
51st of 55
Parking
1P70
Developer
Dream Estate
Completed
2010
Service charge
AED 23,200 /yr
Last sold
AED 1.63M · November 2012

About 5106, Mag 218 Tower

5106 is a two-bedroom apartment of 1,596 sqft on the 51st floor of Mag 218 Tower, a 55-storey tower in Dubai Marina completed in 2010 by Dream Estate. It last sold on 19 November 2012 for AED 1,625,000, or AED 1,018 per sqft, 28% above the AED 795 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 1 November 2021, is AED 115,000 a year: a gross yield of 7.1% on the 2012 price, before the service charge of about AED 23,200 a year.

Sales and rents for 5106 over time

Sales
Unit 5106, each saleTypical two-bed in Mag 218 Tower
1M2M20062011201620212026Typical 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 1,411,695; 2013 AED 1,675,000; 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 1,125,000; 2021 AED 1,215,000; 2022 AED 1,569,166; 2023 AED 1,797,500; 2024 AED 2,175,000; 2025 AED 2,200,000Sold by developer, September 2012: AED 1,878,266 (AED 1,176 per sqft)Sold, November 2012: AED 1,625,000 (AED 1,018 per sqft)

5106 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5106, each contractTypical two-bed in Mag 218 Tower
100K150K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 110,000; 2014 AED 135,000; 2015 AED 137,755; 2016 AED 135,000; 2017 AED 130,000; 2018 AED 120,000; 2019 AED 105,000; 2020 AED 90,000; 2021 AED 85,000; 2022 AED 96,923; 2023 AED 105,000; 2024 AED 128,000; 2025 AED 130,000; 2026 AED 138,462New contract, October 2017: AED 142,500 a yearNew contract, October 2019: AED 125,000 a yearRenewal, October 2020: AED 120,000 a yearNew contract, November 2021: AED 115,000 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 5106 sits

All 218 2-beds →

5106 last sold in November 2012 at AED 1,018 per sqft, 28% above what two-beds in Mag 218 Tower were fetching at the time (AED 795). Over the last 12 months two-beds sold for AED 2,000,000 to 2,430,000, around AED 1,263 per sqft, and rent for AED 118,000 to 155,000 a year. 5106's AED 115,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Jan 20262,430,000
6 Jan 20262,000,000
21 Jul 20252,350,000
26 Jun 20252,280,000
2 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. 10 sold in the last 12 months.

Typical price per sqft
AED 1,384 Up 5.7%
Typical sale
AED 1.27M
Typical rent
AED 91K /yr
Typical yield
6.9%
Mag 218 Tower, Dubai Marina: prices, sales and rents →

Other units on the 51st floor

All 550 units in Mag 218 Tower
Value
51012-bedAED 1.28M · May 2012
51021-bedAED 1.39M · Oct 2023
51031-bedAED 1.39M · Jan 2017
51041-bedAED 1.51M · Apr 2014
51052-bedAED 1.3M · Jul 2011
51071-bedAED 1.2M · Nov 2023
51081-bedAED 1.23M · May 2023
1–7 of 9

5106, Mag 218 Tower in numbers

  • Sold twice: first on 23 September 2012 for AED 1,878,266, last on 19 November 2012 for AED 1,625,000 (AED 1,018 per sqft).
  • Rented since October 2017 on 4 Ejari contracts, from AED 142,500 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2012 price is 7.1%, 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 2,000,000–2,430,000 in the 12 months to November 2026; the building's median across all types is AED 1,384 per sqft.

Source: Dubai Land Department. Updated 1 November 2021.

Questions about 5106, Mag 218 Tower

What did unit 5106 last sell for?

AED 1,625,000 on 19 November 2012: AED 1,018 per sqft for 1,596 sqft. The unit has 2 registered sales; the first was AED 1,878,266 in September 2012.

What is the rent for unit 5106?

AED 115,000 a year on the contract signed on 1 November 2021. The previous contract, from October 2020, was AED 120,000; the unit has been rented since October 2017.

How big is unit 5106?

1,596 sqft (148.3 sqm): a two-bedroom apartment on the 51st floor of a 55-storey tower completed in 2010.

What is unit 5106 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 2,000,000 to 2,430,000 in the last 12 months, around AED 1,263 per sqft.

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Mortgage on 5106, Mag 218 Tower

Starts from the last sale price (AED 1.63M, 19 November 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,625,000
Deposit, UAE resident (20%)
AED 325,000
Deposit, non-resident (40%)
AED 650,000
Monthly over 25 years at 3.7%
AED 6,648

Plus AED 73,260 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →