It looks a little incoherent, as if it was a bad translation to Spanish from something else. And "la notte" is Italian, not Spanish.
EL SUEÑO....LA NOCHE....LA MUSICA...LA MUSICA
The dream.. the night..the music..the music
LA MUSICA...EL SUEÑO...LA LUNA...EL MAR.
The music.. the dream.. the Moon.. the Sea
MI ALMA SIENTE EL RITMO SUBIR
My soul feels the rythm raising
ES MAGIA Y ESTA SERA
It's magic and this will be
UNA NOCHE DE MUSICA Y FIESTA
A night of music and feast
Y NADA MAS
and nothing else
TODA LA GENTE QUE BAILA Y QUE SE LIBRA EL CORAZON
All the people who dance and frees their hearts
YA VA A SALIR.. PARA VIVIR... NUEVA PASION.
is going out ..to live.. new passion
TU ERES EL MAR... PERO YO SOY LA LUNA...
You are the Sea.. but I am the Moon
Y VIVO AQUI EN EL CIELO
and I live here in the sky
ESPERO POR TU TERNURA
I wait for your tenderness
TU... ERES EL MAR... PERO YO SOY LA LUNA...
You are the Sea.. but I am the Moon
Y VIVO AQUI EN EL CIELO
and I live here in the sky
Y ESPERO... PUES QUIERO
and wait.. because I want..

I don't see much resemblance to the song requested, but if you want the full translation please tell me. Please Hobbles2002, could you tell us whether the song comes from Mexico, or Spain, or Central or South America? This could help.

Un abrazo,
Andrés