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Studio · 438 sqftMAG 318 Tower, Business Bay · 21st floor · completed 2020

2103, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in October 2020, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2103 · DLD and Ejari recordsUpdated 13 May 2025
Last soldAED 820K22 October 2020
Current rentAED 80K /yr13 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2103, MAG 318 Tower

What is 2103 worth today?

Last sold for AED 820,000 in 2020

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13 May 2025RentedNew contract
AED 80,000/yr12 months · AED 183 per sqft
5 Apr 2024RentedNew contract
AED 80,000/yr12 months · AED 183 per sqft
20 Feb 2023RentedRenewal
AED 62,000/yr12 months · AED 142 per sqft
20 Feb 2022RentedNew contract
AED 60,000/yr12 months · AED 137 per sqft
22 Oct 2020Sold by developerOff-plan
AED 820,000AED 1,871 per sqft

Source: Dubai Land Department. Updated 13 May 2025.

Key facts

Type
Studio apartment
Size
438 sqft
Floor
21st of 22
Parking
B2-84
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 820K · October 2020
Building
MAG 318 Tower

About 2103, MAG 318 Tower

2103 is a studio of 438 sqft on the 21st floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 22 October 2020 for AED 820,000, or AED 1,871 per sqft, 4% above the AED 1,806 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 13 May 2025, is AED 80,000 a year: a gross yield of 9.8% on the 2020 price, before the service charge of about AED 10,100 a year.

Sales and rents for 2103 over time

Sales
Unit 2103, each saleTypical studio in MAG 318 Tower
800K1M2017202020232026Typical sale price by year: 2017 AED 776,165; 2018 AED 787,488; 2019 AED 791,651; 2020 AED 870,514; 2021 AED 750,000; 2022 AED 850,000; 2023 AED 945,000; 2024 AED 1,030,000; 2025 AED 1,077,500; 2026 AED 995,000Sold by developer, October 2020: AED 820,000 (AED 1,871 per sqft)

2103 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 2103, each contractTypical studio in MAG 318 Tower
60K80K2021202320252027Typical rent by year: 2021 AED 52,000; 2022 AED 64,465; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 60,000New contract, February 2022: AED 60,000 a yearRenewal, February 2023: AED 62,000 a yearNew contract, April 2024: AED 80,000 a yearNew contract, May 2025: AED 80,000 a year

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 2103 sits

All 316 studios →

2103 last sold in October 2020 at AED 1,871 per sqft, 4% above what studios in MAG 318 Tower were fetching at the time (AED 1,806). 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. 2103's AED 80,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
22 Oct 2026850,000
27 Aug 2026920,000
7 Aug 2026850,000
21 Jul 2026850,000
21 studio 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
21011-bedAED 1.49M · Sep 2022
21022-bedAED 1.8M · Sep 2019
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

2103, MAG 318 Tower in numbers

  • Sold once: by MAG on 22 October 2020 for AED 820,000, or AED 1,871 per sqft.
  • Rented since February 2022 on 4 Ejari contracts, from AED 60,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2020 price is 9.8%, before a service charge of about AED 10,100 a year (AED 23.06 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 13 May 2025.

Questions about 2103, MAG 318 Tower

What did unit 2103 last sell for?

AED 820,000 on 22 October 2020, sold by the developer: AED 1,871 per sqft for 438 sqft. It is the only registered sale of the unit.

What is the rent for unit 2103?

AED 80,000 a year on the contract signed on 13 May 2025. The previous contract, from April 2024, was AED 80,000; the unit has been rented since February 2022.

How big is unit 2103?

438 sqft (40.7 sqm): a studio on the 21st floor of a 22-storey tower completed in 2020.

What is unit 2103 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.

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Mortgage on 2103, MAG 318 Tower

Starts from the last sale price (AED 820K, 22 October 2020). Switch to today's estimate once you have unlocked it.
Price
AED 820,000
Deposit, UAE resident (20%)
AED 164,000
Deposit, non-resident (40%)
AED 328,000
Monthly over 25 years at 3.7%
AED 3,355

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