2012, 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.
Property timeline for 2012, MAG 318 Tower
What is 2012 worth today?
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Source: Dubai Land Department. Updated 8 May 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 966 sqft
- Floor
- 20th of 22
- Parking
- B2-69
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 22,300 /yr
- Last sold
- AED 2.03M · January 2021
- Building
- MAG 318 Tower
About 2012, MAG 318 Tower
2012 is a two-bedroom apartment of 966 sqft on the 20th 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 2,027,430, or AED 2,098 per sqft, 4% below the AED 2,180 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 8 May 2025, is AED 140,000 a year: a gross yield of 6.9% on the 2021 price, before the service charge of about AED 22,300 a year.
Sales and rents for 2012 over time
2012 has sold once; 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 2012 sits
All 75 2-beds →2012 last sold in January 2021 at AED 2,098 per sqft, 4% 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. 2012's AED 140,000 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 20th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2001 | 1-bed | 819 sqft | AED 1.8MAED 1,800,000 · Apr 2025April 2025 | ||
| 2002 | 2-bed | 967 sqft | AED 1.8MAED 1,795,761 · Aug 2021August 2021 | 155,000 /yr | |
| 2003 | Studio | 438 sqft | AED 919KAED 918,683 · Jan 2021January 2021 | 55,000 /yr | |
| 2004 | Studio | 433 sqft | AED 970KAED 970,000 · Sep 2023September 2023 | 52,500 /yr | |
| 2005 | Studio | 432 sqft | AED 930KAED 930,000 · Jul 2023July 2023 | 60,000 /yr | |
| 2006 | Studio | 433 sqft | AED 912KAED 912,405 · Aug 2021August 2021 | 75,000 /yr | |
| 2007 | Studio | 432 sqft | AED 980KAED 980,000 · Dec 2023December 2023 | 55,000 /yr | |
| 2008 | Studio | 433 sqft | AED 933KAED 933,000 · Jan 2021January 2021 | 70,000 /yr | |
| 2009 | Studio | 433 sqft | AED 1.02MAED 1,020,000 · Aug 2025August 2025 | 65,000 /yr | |
| 2010 | Studio | 432 sqft | AED 1.01MAED 1,010,000 · Jun 2021June 2021 | 78,000 /yr | |
| 2011 | Studio | 436 sqft | AED 1.01MAED 1,010,000 · Jun 2021June 2021 | 60,000 /yr | |
| 2013 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 135,000 /yr | |
| 2014 | 2-bed | 1,045 sqft | AED 2.3MAED 2,300,000 · Dec 2020December 2020 | 105,000 /yr | |
| 2015 | Studio | 444 sqft | AED 965KAED 965,000 · Jun 2021June 2021 | 55,000 /yr | |
| 2016 | Studio | 440 sqft | AED 965KAED 965,000 · Jun 2021June 2021 | 60,000 /yr | |
| 2017 | Studio | 441 sqft | AED 934KAED 934,231 · Jan 2021January 2021 | 60,000 /yr | |
| 2018 | Studio | 441 sqft | AED 934KAED 934,231 · Jan 2021January 2021 | 73,000 /yr | |
| 2019 | Studio | 440 sqft | AED 886KAED 886,472 · Nov 2020November 2020 | 55,000 /yr | |
| 2020 | Studio | 441 sqft | AED 907KAED 907,020 · Apr 2020April 2020 | 70,000 /yr | |
| 2021 | Studio | 440 sqft | AED 767KAED 766,979 · Aug 2021August 2021 | 60,000 /yr | |
| 2022 | Studio | 441 sqft | AED 740KAED 740,000 · Aug 2021August 2021 | ||
| 2023 | Studio | 446 sqft | AED 898KAED 897,809 · Jul 2021July 2021 | 60,000 /yr | |
| 2024 | 2-bed | 1,043 sqft | AED 2.11MAED 2,114,610 · Sep 2020September 2020 | 120,000 /yr |
2012, MAG 318 Tower in numbers
- Sold once: by MAG on 5 January 2021 for AED 2,027,430, or AED 2,098 per sqft.
- Rented since August 2021 on 6 Ejari contracts, from AED 99,408 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2021 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 8 May 2025.
Questions about 2012, MAG 318 Tower
What did unit 2012 last sell for?
AED 2,027,430 on 5 January 2021, sold by the developer: AED 2,098 per sqft for 966 sqft. It is the only registered sale of the unit.
What is the rent for unit 2012?
AED 140,000 a year on the contract signed on 8 May 2025. The previous contract, from May 2025, was AED 140,000; the unit has been rented since August 2021.
How big is unit 2012?
966 sqft (89.7 sqm): a two-bedroom apartment on the 20th floor of a 22-storey tower completed in 2020.
What is unit 2012 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 2012, MAG 318 Tower
Starts from the last sale price (AED 2.03M, 5 January 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,027,430
- Deposit, UAE resident (20%)
- AED 405,486
- Deposit, non-resident (40%)
- AED 810,972
- Monthly over 25 years at 3.7%
- AED 8,295
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →