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1-bed · 819 sqftMAG 318 Tower, Business Bay · 21st floor · completed 2020

2101, MAG 318 Tower

Sold prices and rental history: sold twice, last in September 2022, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2101 · DLD and Ejari recordsUpdated 16 September 2022
Last soldAED 1.49M16 September 2022
Current rentAED 105K /yr5 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2101, MAG 318 Tower

What is 2101 worth today?

Last sold for AED 1,490,000 in 2022

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16 Sep 2022SoldReady
AED 1,490,000AED 1,819 per sqft
5 Jul 2022RentedNew contract
AED 105,000/yr12 months · AED 128 per sqft
22 Jun 2021RentedNew contract
AED 85,000/yr12 months · AED 104 per sqft
7 Nov 2019Sold by developerOff-plan
AED 1,511,184AED 1,845 per sqft

Source: Dubai Land Department. Updated 16 September 2022.

Key facts

Type
1-bed apartment
Size
819 sqft
Floor
21st of 22
Parking
B2-82
Developer
MAG
Completed
2020
Service charge
AED 18,900 /yr
Last sold
AED 1.49M · September 2022
Building
MAG 318 Tower

About 2101, MAG 318 Tower

2101 is a one-bedroom apartment of 819 sqft on the 21st floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 16 September 2022 for AED 1,490,000, or AED 1,819 per sqft, 8% above the AED 1,679 one-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 5 July 2022, is AED 105,000 a year: a gross yield of 7.0% on the 2022 price, before the service charge of about AED 18,900 a year.

Sales and rents for 2101 over time

Sales
Unit 2101, each saleTypical one-bed in MAG 318 Tower
1.5M2M2018202120242027Typical sale price by year: 2018 AED 1,486,232; 2019 AED 1,462,000; 2020 AED 2,050,000; 2021 AED 1,594,787; 2026 AED 1,732,516Sold by developer, November 2019: AED 1,511,184 (AED 1,845 per sqft)Sold, September 2022: AED 1,490,000 (AED 1,819 per sqft)

2101 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2101, each contractTypical one-bed in MAG 318 Tower
80K100K120K2021202320252027Typical rent by year: 2021 AED 83,000; 2022 AED 95,000; 2023 AED 105,000; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 95,000New contract, June 2021: AED 85,000 a yearNew contract, July 2022: AED 105,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in MAG 318 Tower, and where 2101 sits

All 48 1-beds →

2101 last sold in September 2022 at AED 1,819 per sqft, 8% above what one-beds in MAG 318 Tower were fetching at the time (AED 1,679). Over the last 12 months one-beds sold for AED 1,710,000 to 1,750,000, around AED 1,763 per sqft, and rent for AED 79,500 to 135,000 a year. 2101's AED 105,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Jul 20261,732,516
1 Jul 20261,750,000
22 Jan 20261,710,000
18 Sep 20251,570,000
3 1-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 21st floor

All 439 units in MAG 318 Tower
Value
21022-bedAED 1.8M · Sep 2019
2103StudioAED 820K · Oct 2020
2104StudioAED 655K · Sep 2021
2105StudioAED 876K · Jul 2019
2106StudioAED 1.02M · Oct 2023
2107StudioAED 745K · Nov 2021
2108StudioAED 655K · Sep 2021
1–7 of 23

2101, MAG 318 Tower in numbers

  • Sold twice: first on 7 November 2019 for AED 1,511,184, last on 16 September 2022 for AED 1,490,000 (AED 1,819 per sqft).
  • Rented since June 2021 on 2 Ejari contracts, from AED 85,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2022 price is 7.0%, before a service charge of about AED 18,900 a year (AED 23.06 per sqft).
  • One-beds in MAG 318 Tower sold for AED 1,710,000–1,750,000 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 16 September 2022.

Questions about 2101, MAG 318 Tower

What did unit 2101 last sell for?

AED 1,490,000 on 16 September 2022: AED 1,819 per sqft for 819 sqft. The unit has 2 registered sales; the first was AED 1,511,184 in November 2019.

What is the rent for unit 2101?

AED 105,000 a year on the contract signed on 5 July 2022. The previous contract, from June 2021, was AED 85,000.

How big is unit 2101?

819 sqft (76.1 sqm): a one-bedroom apartment on the 21st floor of a 22-storey tower completed in 2020.

What is unit 2101 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 318 Tower sold for AED 1,710,000 to 1,750,000 in the last 12 months, around AED 1,763 per sqft.

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Mortgage on 2101, MAG 318 Tower

Starts from the last sale price (AED 1.49M, 16 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,490,000
Deposit, UAE resident (20%)
AED 298,000
Deposit, non-resident (40%)
AED 596,000
Monthly over 25 years at 3.7%
AED 6,096

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