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2-bed · 966 sqftMAG 318 Tower, Business Bay · 14th floor · completed 2020

1412, MAG 318 Tower

Sold prices and rental history: sold twice, last in July 2025, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1412 · DLD and Ejari recordsUpdated 21 July 2025
Last soldAED 2.26M21 July 2025
Current rentAED 155K /yr21 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1412, MAG 318 Tower

What is 1412 worth today?

Last sold for AED 2,255,000 in 2025

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21 Jul 2025SoldReady
AED 2,255,000AED 2,334 per sqft
21 Jul 2025RentedNew contract
AED 155,000/yr12 months · AED 160 per sqft
21 Jul 2025RentedNew contract
AED 155,000/yr12 months · AED 160 per sqft
15 Sep 2022RentedNew contract
AED 160,000/yr12 months · AED 166 per sqft
15 Dec 2020Sold by developerOff-plan
AED 2,250,000AED 2,329 per sqft

Source: Dubai Land Department. Updated 21 July 2025.

Key facts

Type
2-bed apartment
Size
966 sqft
Floor
14th of 22
Parking
P1-68 , P1-81
Developer
MAG
Completed
2020
Service charge
AED 22,300 /yr
Last sold
AED 2.26M · July 2025
Building
MAG 318 Tower

About 1412, MAG 318 Tower

1412 is a two-bedroom apartment of 966 sqft on the 14th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 21 July 2025 for AED 2,255,000, or AED 2,334 per sqft, 10% above the AED 2,121 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 21 July 2025, is AED 155,000 a year: a gross yield of 6.9% on the 2025 price, before the service charge of about AED 22,300 a year.

Sales and rents for 1412 over time

Sales
Unit 1412, 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, December 2020: AED 2,250,000 (AED 2,329 per sqft)Sold, July 2025: AED 2,255,000 (AED 2,334 per sqft)

1412 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1412, 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, September 2022: AED 160,000 a yearNew contract, July 2025: AED 155,000 a yearNew contract, July 2025: AED 155,000 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 1412 sits

All 75 2-beds →

1412 last sold in July 2025 at AED 2,334 per sqft, 10% above what two-beds in MAG 318 Tower were fetching at the time (AED 2,121). 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. 1412's AED 155,000 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 14th floor

All 439 units in MAG 318 Tower
Value
14011-bedAED 1.37M · Aug 2018
14022-bedAED 1.66M · May 2018
1403StudioAED 950K · Oct 2023
1404StudioAED 793K · May 2019
1405StudioAED 835K · Aug 2022
1406StudioAED 1.1M · Mar 2026
1407StudioAED 740K · Nov 2021
1–7 of 23

1412, MAG 318 Tower in numbers

  • Sold twice: first on 15 December 2020 for AED 2,250,000, last on 21 July 2025 for AED 2,255,000 (AED 2,334 per sqft).
  • Rented since September 2022 on 3 Ejari contracts, from AED 160,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2025 price is 6.9%, 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 21 July 2025.

Questions about 1412, MAG 318 Tower

What did unit 1412 last sell for?

AED 2,255,000 on 21 July 2025: AED 2,334 per sqft for 966 sqft. The unit has 2 registered sales; the first was AED 2,250,000 in December 2020.

What is the rent for unit 1412?

AED 155,000 a year on the contract signed on 21 July 2025. The previous contract, from July 2025, was AED 155,000; the unit has been rented since September 2022.

How big is unit 1412?

966 sqft (89.7 sqm): a two-bedroom apartment on the 14th floor of a 22-storey tower completed in 2020.

What is unit 1412 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 1412, MAG 318 Tower

Starts from the last sale price (AED 2.26M, 21 July 2025). Switch to today's estimate once you have unlocked it.
Price
AED 2,255,000
Deposit, UAE resident (20%)
AED 451,000
Deposit, non-resident (40%)
AED 902,000
Monthly over 25 years at 3.7%
AED 9,226

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