2022, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in August 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2022, MAG 318 Tower
What is 2022 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 August 2021.
Key facts
- Type
- Studio apartment
- Size
- 441 sqft
- Floor
- 20th of 22
- Parking
- B2-79
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,200 /yr
- Last sold
- AED 740K · August 2021
- Building
- MAG 318 Tower
About 2022, MAG 318 Tower
2022 is a studio of 441 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 29 August 2021 for AED 740,000, or AED 1,677 per sqft, 12% below the AED 1,908 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 2022 over time
2022 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in MAG 318 Tower, and where 2022 sits
All 316 studios →2022 last sold in August 2021 at AED 1,677 per sqft, 12% below what studios in MAG 318 Tower were fetching at the time (AED 1,908). Over the last 12 months studios sold for AED 850,000 to 1,160,000, around AED 2,387 per sqft, and rent for AED 50,000 to 120,000 a year.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 202622 October 2026 | 432 sqft | 850,000 | 1,968 | ||
| 27 Aug 202627 August 2026 | 433 sqft | 920,000 | 2,125 | ||
| 7 Aug 20267 August 2026 | 440 sqft | 850,000 | 1,932 | ||
| 21 Jul 202621 July 2026 | 441 sqft | 850,000 | 1,926 |
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 78K /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 | |
| 2012 | 2-bed | 966 sqft | AED 2.03MAED 2,027,430 · Jan 2021January 2021 | 140,000 /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 | |
| 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 |
2022, MAG 318 Tower in numbers
- Sold once: by MAG on 29 August 2021 for AED 740,000, or AED 1,677 per sqft.
- Studios in MAG 318 Tower sold for AED 850,000–1,160,000 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 August 2021.
Questions about 2022, MAG 318 Tower
What did unit 2022 last sell for?
AED 740,000 on 29 August 2021, sold by the developer: AED 1,677 per sqft for 441 sqft. It is the only registered sale of the unit.
How big is unit 2022?
441 sqft (41.0 sqm): a studio on the 20th floor of a 22-storey tower completed in 2020.
What is unit 2022 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 318 Tower sold for AED 850,000 to 1,160,000 in the last 12 months, around AED 2,387 per sqft.
Selling 2022? 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 2022, MAG 318 Tower
Starts from the last sale price (AED 740K, 29 August 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 740,000
- Deposit, UAE resident (20%)
- AED 148,000
- Deposit, non-resident (40%)
- AED 296,000
- Monthly over 25 years at 3.7%
- AED 3,028
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →