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2-bed · 967 sqftMAG 318 Tower, Business Bay · 12th floor · completed 2020

1202, MAG 318 Tower

Sold prices and rental history: sold twice, last in February 2026, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1202 · DLD and Ejari recordsUpdated 12 February 2026
Last soldAED 2M12 February 2026
Current rentAED 145K /yr30 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1202, MAG 318 Tower

What is 1202 worth today?

Last sold for AED 2,000,000 in 2026

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12 Feb 2026SoldReady
AED 2,000,000AED 2,068 per sqft
30 Jan 2026RentedNew contract
AED 145,000/yr12 months · AED 150 per sqft
1 Sep 2024RentedNew contract
AED 130,000/yr12 months · AED 134 per sqft
1 Sep 2023RentedRenewal
AED 125,000/yr12 months · AED 129 per sqft
1 Sep 2022RentedNew contract
AED 120,000/yr12 months · AED 124 per sqft
1 Aug 2021RentedNew contract
AED 100,000/yr12 months · AED 103 per sqft
5 Jan 2021Sold by developerReady
AED 2,001,000AED 2,069 per sqft

Source: Dubai Land Department. Updated 12 February 2026.

Key facts

Type
2-bed apartment
Size
967 sqft
Floor
12th of 22
Parking
P2-63
Developer
MAG
Completed
2020
Service charge
AED 22,300 /yr
Last sold
AED 2M · February 2026
Building
MAG 318 Tower

About 1202, MAG 318 Tower

1202 is a two-bedroom apartment of 967 sqft on the 12th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 12 February 2026 for AED 2,000,000, or AED 2,068 per sqft, in line with the AED 2,122 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 30 January 2026, is AED 145,000 a year: a gross yield of 7.2% on the 2026 price, before the service charge of about AED 22,300 a year.

Sales and rents for 1202 over time

Sales
Unit 1202, each saleTypical two-bed in MAG 318 Tower
1.5M2M2018202120242027Typical sale price by year: 2018 AED 1,781,294; 2019 AED 1,782,000; 2020 AED 2,250,000; 2021 AED 1,855,087; 2022 AED 1,357,005; 2024 AED 2,120,000; 2025 AED 2,100,000; 2026 AED 2,000,000Sold by developer, January 2021: AED 2,001,000 (AED 2,069 per sqft)Sold, February 2026: AED 2,000,000 (AED 2,068 per sqft)

1202 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1202, each contractTypical two-bed in MAG 318 Tower
100K125K150K2021202320252027Typical rent by year: 2021 AED 100,000; 2022 AED 120,000; 2023 AED 125,000; 2024 AED 143,000; 2025 AED 145,000; 2026 AED 136,764New contract, August 2021: AED 100,000 a yearNew contract, September 2022: AED 120,000 a yearRenewal, September 2023: AED 125,000 a yearNew contract, September 2024: AED 130,000 a yearNew contract, January 2026: AED 145,000 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 318 Tower, and where 1202 sits

All 75 2-beds →

1202 last sold in February 2026 at AED 2,068 per sqft, in line with what two-beds in MAG 318 Tower were fetching at the time (AED 2,122). Over the last 12 months two-beds sold for AED 2,000,000 to 2,800,000, around AED 2,068 per sqft, and rent for AED 85,000 to 166,000 a year. 1202's AED 145,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Sep 20262,000,000
14 Sep 20262,800,000
29 Aug 20252,250,000
28 Aug 20252,150,000
3 2-bed sales in the last 12 months

MAG 318 Tower

Building

439 apartments, studios to 2-bed over 22 floors in Business Bay, completed in 2020 by MAG. 27 sold in the last 12 months.

Typical price per sqft
AED 2,286 Down 5.7%
Typical sale
AED 1.08M
Typical rent
AED 79K /yr
Typical yield
6.1%
MAG 318 Tower, Business Bay: prices, sales and rents →

Other units on the 12th floor

All 439 units in MAG 318 Tower
Value
12011-bedAED 1.55M · Nov 2021
1203StudioAED 840K · Mar 2023
1204StudioAED 454K · Feb 2021
1205StudioAED 515K · Sep 2025
1206StudioAED 765K · Oct 2020
1207StudioAED 792K · Mar 2018
1208StudioAED 758K · Feb 2021
1–7 of 23

1202, MAG 318 Tower in numbers

  • Sold twice: first on 5 January 2021 for AED 2,001,000, last on 12 February 2026 for AED 2,000,000 (AED 2,068 per sqft).
  • Rented since August 2021 on 5 Ejari contracts, from AED 100,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2026 price is 7.2%, before a service charge of about AED 22,300 a year (AED 23.06 per sqft).
  • Two-beds in MAG 318 Tower sold for AED 2,000,000–2,800,000 in the 12 months to November 2026; the building's median across all types is AED 2,286 per sqft.

Source: Dubai Land Department. Updated 12 February 2026.

Questions about 1202, MAG 318 Tower

What did unit 1202 last sell for?

AED 2,000,000 on 12 February 2026: AED 2,068 per sqft for 967 sqft. The unit has 2 registered sales; the first was AED 2,001,000 in January 2021.

What is the rent for unit 1202?

AED 145,000 a year on the contract signed on 30 January 2026. The previous contract, from September 2024, was AED 130,000; the unit has been rented since August 2021.

How big is unit 1202?

967 sqft (89.8 sqm): a two-bedroom apartment on the 12th floor of a 22-storey tower completed in 2020.

What is unit 1202 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 318 Tower sold for AED 2,000,000 to 2,800,000 in the last 12 months, around AED 2,068 per sqft.

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Mortgage on 1202, MAG 318 Tower

Starts from the last sale price (AED 2M, 12 February 2026). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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