Home
Dubai prices
About
Research
2-bed · 1,043 sqftMAG 318 Tower, Business Bay · 12th floor · completed 2020

1224, 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 1224 · DLD and Ejari recordsUpdated 1 February 2026
Last soldAED 2.15M5 January 2021
Current rentAED 150K /yr1 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1224

Property timeline for 1224, MAG 318 Tower

What is 1224 worth today?

Last sold for AED 2,151,048 in 2021

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Feb 2026RentedNew contract
AED 150,000/yr12 months · AED 145 per sqft
1 Jul 2024RentedRenewal
AED 120,000/yr12 months · AED 115 per sqft
1 Jul 2023RentedNew contract
AED 120,000/yr12 months · AED 115 per sqft
14 Jun 2022RentedNew contract
AED 120,000/yr12 months · AED 115 per sqft
8 Jun 2021RentedNew contract
AED 110,000/yr12 months · AED 105 per sqft
5 Jan 2021Sold by developerReady
AED 2,151,048AED 2,061 per sqft

Source: Dubai Land Department. Updated 1 February 2026.

Key facts

Type
2-bed apartment
Size
1,043 sqft
Floor
12th of 22
Parking
P2-103
Developer
MAG
Completed
2020
Service charge
AED 24,100 /yr
Last sold
AED 2.15M · January 2021
Building
MAG 318 Tower

About 1224, MAG 318 Tower

1224 is a two-bedroom apartment of 1,043 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 5 January 2021 for AED 2,151,048, or AED 2,061 per sqft, 5% below the AED 2,180 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 1 February 2026, is AED 150,000 a year: a gross yield of 7.0% on the 2021 price, before the service charge of about AED 24,100 a year.

Sales and rents for 1224 over time

Sales
Unit 1224, 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 2,151,048 (AED 2,061 per sqft)

1224 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1224, 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, June 2021: AED 110,000 a yearNew contract, June 2022: AED 120,000 a yearNew contract, July 2023: AED 120,000 a yearRenewal, July 2024: AED 120,000 a yearNew contract, February 2026: AED 150,000 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 1224 sits

All 75 2-beds →

1224 last sold in January 2021 at AED 2,061 per sqft, 5% below what two-beds in MAG 318 Tower were fetching at the time (AED 2,180). 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. 1224's AED 150,000 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
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

1224, MAG 318 Tower in numbers

  • Sold once: by MAG on 5 January 2021 for AED 2,151,048, or AED 2,061 per sqft.
  • Rented since June 2021 on 5 Ejari contracts, from AED 110,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2021 price is 7.0%, 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 1 February 2026.

Questions about 1224, MAG 318 Tower

What did unit 1224 last sell for?

AED 2,151,048 on 5 January 2021, sold by the developer: AED 2,061 per sqft for 1,043 sqft. It is the only registered sale of the unit.

What is the rent for unit 1224?

AED 150,000 a year on the contract signed on 1 February 2026. The previous contract, from July 2024, was AED 120,000; the unit has been rented since June 2021.

How big is unit 1224?

1,043 sqft (96.9 sqm): a two-bedroom apartment on the 12th floor of a 22-storey tower completed in 2020.

What is unit 1224 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 1224? 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.

How OpenOffers works

Mortgage on 1224, MAG 318 Tower

Starts from the last sale price (AED 2.15M, 5 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,151,048
Deposit, UAE resident (20%)
AED 430,210
Deposit, non-resident (40%)
AED 860,419
Monthly over 25 years at 3.7%
AED 8,801

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