This theoretical study is to investigate production and properties of plasma confined by a dipole magnet. A cylindrical permanent magnet (N40 grade) having a surface magnetic field of nearly 1Tesla is simulated to create a dipole magnetic field. Plasma is created by electron cyclotron resonance heating. Heating is accomplished using microwaves operating in continuous mode at 2.45 GHz and electron cyclotron resonance. The investigation is performed in systems of cylindrical geometries at varying pressures (0.5 mTorr – 1.5 mTorr). The electron temperature lies in the range of 1 - 5 eV, is hotter near the magnets and follows a downstream fashion throughout the region.Electron Energy Distribution Function (EEDF) growth investigation throughout the region was done to understand the role of magnetic field confinement. The EEDF was calculated numerically from steady state Boltzmann equation, considering plasma follows druyvesteyn distribution. Followed by analysing transport parameters such as diffusion coefficient, drift velocity, mobility, and recombination rates in plasma. A comparative study for all plots gave been done with respect to pressure. The instability analysis of elastic collisional frequency with inelastic collisions, real frequency and growth factor with wave vector has been also listed in the study.