Studio · 545 sqftAG Tower Business Bay, Business Bay · 23rd floor · completed 2021

2312, AG Tower Business Bay

Sold prices and rental history: sold twice, last in December 2024, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2312 · DLD and Ejari recordsUpdated 15 January 2026
Last soldAED 840K16 December 2024
Current rentAED 70K /yr15 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2312, AG Tower Business Bay

What is 2312 worth today?

Last sold for AED 840,000 in 2024

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15 Jan 2026RentedRenewal
AED 70,000/yr12 months · AED 128 per sqft
15 Jan 2026RentedRenewal
AED 70,000/yr12 months · AED 128 per sqft
15 Jan 2025RentedNew contract
AED 70,000/yr12 months · AED 128 per sqft
15 Jan 2025RentedNew contract
AED 70,000/yr12 months · AED 128 per sqft
16 Dec 2024SoldReady
AED 840,000AED 1,540 per sqft
1 Jun 2023RentedRenewal
AED 55,000/yr12 months · AED 100 per sqft
1 Jun 2022RentedNew contract
AED 55,000/yr12 months · AED 100 per sqft
25 Apr 2017Sold by developerOff-plan
AED 762,076AED 1,397 per sqft

Source: Dubai Land Department. Updated 15 January 2026.

Key facts

Type
Studio apartment
Size
545 sqft
Floor
23rd of 27
Parking
B2-129
Developer
Arabian Gulf Properties
Completed
2021
Service charge
AED 6,900 /yr
Last sold
AED 840K · December 2024

About 2312, AG Tower Business Bay

2312 is a studio of 545 sqft on the 23rd floor of AG Tower Business Bay, a 27-storey tower in Business Bay completed in 2021 by Arabian Gulf Properties. It last sold on 16 December 2024 for AED 840,000, or AED 1,540 per sqft, 4% below the AED 1,599 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, renewed on 15 January 2026, is AED 70,000 a year: a gross yield of 8.3% on the 2024 price, before the service charge of about AED 6,900 a year.

Sales and rents for 2312 over time

Sales
Unit 2312, each saleTypical studio in AG Tower Business Bay
700K800K2016201920222025Typical sale price by year: 2016 AED 764,055; 2017 AED 753,067; 2018 AED 699,676; 2019 AED 805,392; 2020 AED 736,736; 2021 AED 751,210; 2022 AED 655,335; 2023 AED 701,041; 2024 AED 816,102; 2025 AED 830,000; 2026 AED 800,000Sold by developer, April 2017: AED 762,076 (AED 1,397 per sqft)Sold, December 2024: AED 840,000 (AED 1,540 per sqft)

2312 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 2312, each contractTypical studio in AG Tower Business Bay
40K60K2021202320252027Typical rent by year: 2021 AED 42,000; 2022 AED 45,000; 2023 AED 55,000; 2024 AED 60,000; 2025 AED 63,000; 2026 AED 60,000New contract, June 2022: AED 55,000 a yearRenewal, June 2023: AED 55,000 a yearNew contract, January 2025: AED 70,000 a yearNew contract, January 2025: AED 70,000 a yearRenewal, January 2026: AED 70,000 a yearRenewal, January 2026: AED 70,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in AG Tower Business Bay, and where 2312 sits

All 312 studios →

2312 last sold in December 2024 at AED 1,540 per sqft, 4% below what studios in AG Tower Business Bay were fetching at the time (AED 1,599). Over the last 12 months studios sold for AED 660,000 to 925,000, around AED 1,600 per sqft, and rent for AED 48,510 to 107,680 a year. 2312's AED 70,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
23 Oct 2026830,000
15 Oct 2026800,000
3 Oct 2026800,000
23 Sep 2026755,552
21 studio sales in the last 12 months

AG Tower Business Bay

Building

576 apartments, studios to 4-bed over 27 floors in Business Bay, completed in 2021 by Arabian Gulf Properties. 39 sold in the last 12 months.

Typical price per sqft
AED 1,432 Down 5.3%
Typical sale
AED 891K
Typical rent
AED 70K /yr
Typical yield
7.3%
AG Tower Business Bay, Business Bay: prices, sales and rents →

Other units on the 23rd floor

All 576 units in AG Tower Business Bay
Value
23012-bedAED 1.7M · Feb 2019
23031-bedAED 1.23M · Aug 2024
2304StudioAED 737K · Jun 2017
23051-bedAED 1.31M · Oct 2016
2306StudioAED 763K · Oct 2016
2307StudioAED 265K · Aug 2022
23083-bedNo registered sale
1–7 of 23

2312, AG Tower Business Bay in numbers

  • Sold twice: first on 25 April 2017 for AED 762,076, last on 16 December 2024 for AED 840,000 (AED 1,540 per sqft).
  • Rented since June 2022 on 6 Ejari contracts, from AED 55,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2024 price is 8.3%, before a service charge of about AED 6,900 a year (AED 12.62 per sqft).
  • Studios in AG Tower Business Bay sold for AED 660,000–925,000 in the 12 months to November 2026; the building's median across all types is AED 1,432 per sqft.

Source: Dubai Land Department. Updated 15 January 2026.

Questions about 2312, AG Tower Business Bay

What did unit 2312 last sell for?

AED 840,000 on 16 December 2024: AED 1,540 per sqft for 545 sqft. The unit has 2 registered sales; the first was AED 762,076 in April 2017.

What is the rent for unit 2312?

AED 70,000 a year on the contract renewed on 15 January 2026. The previous contract, from January 2026, was AED 70,000; the unit has been rented since June 2022.

How big is unit 2312?

545 sqft (50.6 sqm): a studio on the 23rd floor of a 27-storey tower completed in 2021.

What is unit 2312 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in AG Tower Business Bay sold for AED 660,000 to 925,000 in the last 12 months, around AED 1,600 per sqft.

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Mortgage on 2312, AG Tower Business Bay

Starts from the last sale price (AED 840K, 16 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 840,000
Deposit, UAE resident (20%)
AED 168,000
Deposit, non-resident (40%)
AED 336,000
Monthly over 25 years at 3.7%
AED 3,437

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