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2-bed · 966 sqftMAG 318 Tower, Business Bay · 12th floor · completed 2020

1212, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in January 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1212 · DLD and Ejari recordsUpdated 15 February 2026
Last soldAED 2M4 January 2021
Current rentAED 85K /yr15 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1212, MAG 318 Tower

What is 1212 worth today?

Last sold for AED 2,002,166 in 2021

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15 Feb 2026RentedRenewal
AED 85,000/yr12 months · AED 88 per sqft
15 Feb 2025RentedNew contract
AED 145,000/yr12 months · AED 150 per sqft
15 Feb 2025RentedNew contract
AED 145,000/yr12 months · AED 150 per sqft
10 Oct 2024RentedNew contract
AED 150,000/yr12 months · AED 155 per sqft
18 Jul 2023RentedRenewal
AED 125,000/yr12 months · AED 129 per sqft
18 Jul 2022RentedNew contract
AED 125,000/yr12 months · AED 129 per sqft
20 Jul 2021RentedNew contract
AED 100,000/yr12 months · AED 104 per sqft
4 Jan 2021Sold by developerReady
AED 2,002,166AED 2,072 per sqft

Source: Dubai Land Department. Updated 15 February 2026.

Key facts

Type
2-bed apartment
Size
966 sqft
Floor
12th of 22
Parking
P2-91
Developer
MAG
Completed
2020
Service charge
AED 22,300 /yr
Last sold
AED 2M · January 2021
Building
MAG 318 Tower

About 1212, MAG 318 Tower

1212 is a two-bedroom apartment of 966 sqft on the 12th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 4 January 2021 for AED 2,002,166, or AED 2,072 per sqft, 6% below the AED 2,200 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, renewed on 15 February 2026, is AED 85,000 a year: a gross yield of 4.3% on the 2021 price, before the service charge of about AED 22,300 a year.

Sales and rents for 1212 over time

Sales
Unit 1212, 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 2,002,166 (AED 2,072 per sqft)

1212 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1212, each contractTypical two-bed in MAG 318 Tower
100K150K2021202320252027Typical 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, July 2021: AED 100,000 a yearNew contract, July 2022: AED 125,000 a yearRenewal, July 2023: AED 125,000 a yearNew contract, October 2024: AED 150,000 a yearNew contract, February 2025: AED 145,000 a yearNew contract, February 2025: AED 145,000 a yearRenewal, February 2026: AED 85,000 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 1212 sits

All 75 2-beds →

1212 last sold in January 2021 at AED 2,072 per sqft, 6% below what two-beds in MAG 318 Tower were fetching at the time (AED 2,200). 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. 1212's AED 85,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Sep 20262,000,000
14 Sep 20262,800,000
12 Feb 20262,000,000
29 Aug 20252,250,000
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
12022-bedAED 2M · Feb 2026
1203StudioAED 840K · Mar 2023
1204StudioAED 454K · Feb 2021
1205StudioAED 515K · Sep 2025
1206StudioAED 765K · Oct 2020
1207StudioAED 792K · Mar 2018
1–7 of 23

1212, MAG 318 Tower in numbers

  • Sold once: by MAG on 4 January 2021 for AED 2,002,166, or AED 2,072 per sqft.
  • Rented since July 2021 on 7 Ejari contracts, from AED 100,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2021 price is 4.3%, 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 15 February 2026.

Questions about 1212, MAG 318 Tower

What did unit 1212 last sell for?

AED 2,002,166 on 4 January 2021, sold by the developer: AED 2,072 per sqft for 966 sqft. It is the only registered sale of the unit.

What is the rent for unit 1212?

AED 85,000 a year on the contract renewed on 15 February 2026. The previous contract, from February 2025, was AED 145,000; the unit has been rented since July 2021.

How big is unit 1212?

966 sqft (89.7 sqm): a two-bedroom apartment on the 12th floor of a 22-storey tower completed in 2020.

What is unit 1212 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 1212, MAG 318 Tower

Starts from the last sale price (AED 2M, 4 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,002,166
Deposit, UAE resident (20%)
AED 400,433
Deposit, non-resident (40%)
AED 800,866
Monthly over 25 years at 3.7%
AED 8,191

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