5506, Mag 218 Tower
Sold prices and rental history: sold twice, last in March 2011, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5506, Mag 218 Tower
What is 5506 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 1 November 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,596 sqft
- Floor
- 55th of 55
- Parking
- 1P36
- Developer
- Dream Estate
- Completed
- 2010
- Service charge
- AED 23,200 /yr
- Last sold
- AED 1.6M · March 2011
- Building
- Mag 218 Tower
About 5506, Mag 218 Tower
5506 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. The developer sold it on 8 March 2011 for AED 1,600,000, or AED 1,002 per sqft, 25% above the AED 799 two-beds in the building were fetching at the time.
It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 1 November 2021, is AED 99,700 a year: a gross yield of 6.2% on the 2011 price, before the service charge of about AED 23,200 a year.
Sales and rents for 5506 over time
5506 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 5506 sits
All 218 2-beds →5506 last sold in March 2011 at AED 1,002 per sqft, 25% above what two-beds in Mag 218 Tower were fetching at the time (AED 799). 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. 5506's AED 99,700 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Jan 202614 January 2026 | 1,779 sqft | 2,430,000 | 1,365 | ||
| 6 Jan 20266 January 2026 | 1,723 sqft | 2,000,000 | 1,160 | ||
| 21 Jul 202521 July 2025 | 1,742 sqft | 2,350,000 | 1,348 | ||
| 26 Jun 202526 June 2025 | 1,742 sqft | 2,280,000 | 1,308 |
Mag 218 Tower
Building550 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%
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 | |
| 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 | |
| 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 |
5506, Mag 218 Tower in numbers
- Sold twice: first on 8 March 2011 for AED 1,650,036, last on 8 March 2011 for AED 1,600,000 (AED 1,002 per sqft).
- Rented since October 2017 on 3 Ejari contracts, from AED 135,000 to AED 99,700 a year.
- At AED 99,700 a year the gross yield on the 2011 price is 6.2%, 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 5506, Mag 218 Tower
What did unit 5506 last sell for?
AED 1,600,000 on 8 March 2011, sold by the developer: AED 1,002 per sqft for 1,596 sqft. The unit has 2 registered sales; the first was AED 1,650,036 in March 2011.
What is the rent for unit 5506?
AED 99,700 a year on the contract renewed on 1 November 2021. The previous contract, from November 2020, was AED 95,000; the unit has been rented since October 2017.
How big is unit 5506?
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 5506 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.
Selling 5506? 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 5506, Mag 218 Tower
Starts from the last sale price (AED 1.6M, 8 March 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 1,600,000
- Deposit, UAE resident (20%)
- AED 320,000
- Deposit, non-resident (40%)
- AED 640,000
- Monthly over 25 years at 3.7%
- AED 6,546
Plus AED 72,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →