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2-bed · 966 sqftMAG 318 Tower, Business Bay · 19th floor · completed 2020

1912, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in December 2020, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1912 · DLD and Ejari recordsUpdated 22 October 2022
Last soldAED 2.25M22 December 2020
Current rentAED 155K /yr22 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1912, MAG 318 Tower

What is 1912 worth today?

Last sold for AED 2,250,000 in 2020

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22 Oct 2022RentedNew contract
AED 155,000/yr12 months · AED 160 per sqft
29 Sep 2021RentedNew contract
AED 100,000/yr12 months · AED 104 per sqft
22 Dec 2020Sold by developerOff-plan
AED 2,250,000AED 2,329 per sqft

Source: Dubai Land Department. Updated 22 October 2022.

Key facts

Type
2-bed apartment
Size
966 sqft
Floor
19th of 22
Parking
B2-45
Developer
MAG
Completed
2020
Service charge
AED 22,300 /yr
Last sold
AED 2.25M · December 2020
Building
MAG 318 Tower

About 1912, MAG 318 Tower

1912 is a two-bedroom apartment of 966 sqft on the 19th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 22 December 2020 for AED 2,250,000, or AED 2,329 per sqft, 6% above the AED 2,202 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 22 October 2022, is AED 155,000 a year: a gross yield of 6.9% on the 2020 price, before the service charge of about AED 22,300 a year.

Sales and rents for 1912 over time

Sales
Unit 1912, 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)

1912 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1912, 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, September 2021: AED 100,000 a yearNew contract, October 2022: 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 1912 sits

All 75 2-beds →

1912 last sold in December 2020 at AED 2,329 per sqft, 6% above what two-beds in MAG 318 Tower were fetching at the time (AED 2,202). 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. 1912'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 19th floor

All 439 units in MAG 318 Tower
Value
19011-bedAED 1.35M · Sep 2021
19022-bedAED 1.88M · Jan 2021
1903StudioAED 774K · Jun 2018
1904StudioAED 809K · Jan 2018
1905StudioAED 760K · Sep 2018
1906StudioAED 1.08M · Dec 2020
1907StudioAED 890K · Jan 2023
1–7 of 23

1912, MAG 318 Tower in numbers

  • Sold once: by MAG on 22 December 2020 for AED 2,250,000, or AED 2,329 per sqft.
  • Rented since September 2021 on 2 Ejari contracts, from AED 100,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2020 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 22 October 2022.

Questions about 1912, MAG 318 Tower

What did unit 1912 last sell for?

AED 2,250,000 on 22 December 2020, sold by the developer: AED 2,329 per sqft for 966 sqft. It is the only registered sale of the unit.

What is the rent for unit 1912?

AED 155,000 a year on the contract signed on 22 October 2022. The previous contract, from September 2021, was AED 100,000.

How big is unit 1912?

966 sqft (89.7 sqm): a two-bedroom apartment on the 19th floor of a 22-storey tower completed in 2020.

What is unit 1912 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 1912, MAG 318 Tower

Starts from the last sale price (AED 2.25M, 22 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,250,000
Deposit, UAE resident (20%)
AED 450,000
Deposit, non-resident (40%)
AED 900,000
Monthly over 25 years at 3.7%
AED 9,205

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