1214, MAG 318 Tower
Sold prices and rental history: sold twice, last in August 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1214, MAG 318 Tower
What is 1214 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 29 June 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,045 sqft
- Floor
- 12th of 22
- Parking
- P2-93
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 24,100 /yr
- Last sold
- AED 1.8M · August 2022
- Building
- MAG 318 Tower
About 1214, MAG 318 Tower
1214 is a two-bedroom apartment of 1,045 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 23 August 2022 for AED 1,800,000, or AED 1,722 per sqft, 12% above the AED 1,537 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 29 June 2025, is AED 148,050 a year: a gross yield of 8.2% on the 2022 price, before the service charge of about AED 24,100 a year.
Sales and rents for 1214 over time
1214 has sold twice; the dashed line is the two-bed median of each year in the building.
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 1214 sits
All 75 2-beds →1214 last sold in August 2022 at AED 1,722 per sqft, 12% above what two-beds in MAG 318 Tower were fetching at the time (AED 1,537). 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. 1214's AED 148,050 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Sep 202616 September 2026 | 967 sqft | 2,000,000 | 2,069 | ||
| 14 Sep 202614 September 2026 | 1,602 sqft | 2,800,000 | 1,747 | ||
| 12 Feb 202612 February 2026 | 967 sqft | 2,000,000 | 2,068 | ||
| 29 Aug 202529 August 2025 | 1,043 sqft | 2,250,000 | 2,156 |
MAG 318 Tower
Building439 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%
Other units on the 12th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 819 sqft | AED 1.55MAED 1,550,000 · Nov 2021November 2021 | 115,000 /yr | |
| 1202 | 2-bed | 967 sqft | AED 2MAED 2,000,000 · Feb 2026February 2026 | 145,000 /yr | |
| 1203 | Studio | 438 sqft | AED 840KAED 840,000 · Mar 2023March 2023 | 74,900 /yr | |
| 1204 | Studio | 433 sqft | AED 454KAED 453,500 · Feb 2021February 2021 | 58,000 /yr | |
| 1205 | Studio | 216 sqft | AED 515KAED 515,000 · Sep 2025September 2025 | 58,005 /yr | |
| 1206 | Studio | 433 sqft | AED 765KAED 765,180 · Oct 2020October 2020 | ||
| 1207 | Studio | 432 sqft | AED 792KAED 792,004 · Mar 2018March 2018 | 60,000 /yr | |
| 1208 | Studio | 433 sqft | AED 758KAED 758,000 · Feb 2021February 2021 | 75,000 /yr | |
| 1209 | Studio | 433 sqft | AED 864KAED 863,958 · Sep 2020September 2020 | ||
| 1210 | Studio | 432 sqft | AED 749KAED 749,000 · Aug 2018August 2018 | 58,000 /yr | |
| 1211 | Studio | 436 sqft | AED 770KAED 770,409 · Mar 2018March 2018 | ||
| 1212 | 2-bed | 966 sqft | AED 2MAED 2,002,166 · Jan 2021January 2021 | 85,000 /yr | |
| 1213 | 1-bed | 982 sqft | AED 1.71MAED 1,710,000 · Jan 2026January 2026 | 100,000 /yr | |
| 1215 | Studio | 444 sqft | AED 1.25MAED 1,245,000 · Jan 2025January 2025 | 67,500 /yr | |
| 1216 | Studio | 440 sqft | AED 788KAED 787,816 · Sep 2018September 2018 | 60,000 /yr | |
| 1217 | Studio | 441 sqft | AED 787KAED 786,952 · Sep 2018September 2018 | 62,000 /yr | |
| 1218 | Studio | 441 sqft | AED 1MAED 1,000,000 · Aug 2023August 2023 | 75,000 /yr | |
| 1219 | Studio | 440 sqft | AED 1.05MAED 1,050,000 · Feb 2026February 2026 | 60,000 /yr | |
| 1220 | Studio | 441 sqft | AED 788KAED 787,816 · Sep 2018September 2018 | 60,000 /yr | |
| 1221 | Studio | 440 sqft | AED 1.12MAED 1,120,000 · Sep 2025September 2025 | 76,000 /yr | |
| 1222 | Studio | 397 sqft | AED 792KAED 792,257 · Nov 2019November 2019 | 65,000 /yr | |
| 1223 | Studio | 402 sqft | AED 792KAED 792,257 · Sep 2019September 2019 | 65,000 /yr | |
| 1224 | 2-bed | 1,043 sqft | AED 2.15MAED 2,151,048 · Jan 2021January 2021 | 150,000 /yr |
1214, MAG 318 Tower in numbers
- Sold twice: first on 14 April 2021 for AED 1,777,350, last on 23 August 2022 for AED 1,800,000 (AED 1,722 per sqft).
- Rented since September 2022 on 5 Ejari contracts, from AED 140,000 to AED 148,050 a year.
- At AED 148,050 a year the gross yield on the 2022 price is 8.2%, before a service charge of about AED 24,100 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 29 June 2025.
Questions about 1214, MAG 318 Tower
What did unit 1214 last sell for?
AED 1,800,000 on 23 August 2022: AED 1,722 per sqft for 1,045 sqft. The unit has 2 registered sales; the first was AED 1,777,350 in April 2021.
What is the rent for unit 1214?
AED 148,050 a year on the contract renewed on 29 June 2025. The previous contract, from June 2025, was AED 148,050; the unit has been rented since September 2022.
How big is unit 1214?
1,045 sqft (97.1 sqm): a two-bedroom apartment on the 12th floor of a 22-storey tower completed in 2020.
What is unit 1214 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.
Selling 1214? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1214, MAG 318 Tower
Starts from the last sale price (AED 1.8M, 23 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,800,000
- Deposit, UAE resident (20%)
- AED 360,000
- Deposit, non-resident (40%)
- AED 720,000
- Monthly over 25 years at 3.7%
- AED 7,364
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →