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Studio · 432 sqftMAG 318 Tower, Business Bay · 21st floor · completed 2020

2110, MAG 318 Tower

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

Unit 2110 · DLD and Ejari recordsUpdated 25 June 2024
Last soldAED 766K13 September 2021
Current rentAED 85K /yr25 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2110, MAG 318 Tower

What is 2110 worth today?

Last sold for AED 766,100 in 2021

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25 Jun 2024RentedNew contract
AED 85,000/yr12 months · AED 197 per sqft
19 Sep 2021RentedNew contract
AED 50,000/yr12 months · AED 116 per sqft
13 Sep 2021Sold by developerReady
AED 766,100AED 1,773 per sqft

Source: Dubai Land Department. Updated 25 June 2024.

Key facts

Type
Studio apartment
Size
432 sqft
Floor
21st of 22
Parking
B2-91
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 766K · September 2021
Building
MAG 318 Tower

About 2110, MAG 318 Tower

2110 is a studio of 432 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 13 September 2021 for AED 766,100, or AED 1,773 per sqft, in line with the AED 1,802 studios in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 25 June 2024, is AED 85,000 a year: a gross yield of 11.1% on the 2021 price, before the service charge of about AED 10,000 a year.

Sales and rents for 2110 over time

Sales
Unit 2110, 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, September 2021: AED 766,100 (AED 1,773 per sqft)

2110 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 2110, 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, September 2021: AED 50,000 a yearNew contract, June 2024: AED 85,000 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 2110 sits

All 316 studios →

2110 last sold in September 2021 at AED 1,773 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,802). 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. 2110's AED 85,000 is in the upper 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
2103StudioAED 820K · Oct 2020
2104StudioAED 655K · Sep 2021
2105StudioAED 876K · Jul 2019
2106StudioAED 1.02M · Oct 2023
2107StudioAED 745K · Nov 2021
1–7 of 23

2110, MAG 318 Tower in numbers

  • Sold once: by MAG on 13 September 2021 for AED 766,100, or AED 1,773 per sqft.
  • Rented since September 2021 on 2 Ejari contracts, from AED 50,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2021 price is 11.1%, before a service charge of about AED 10,000 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 25 June 2024.

Questions about 2110, MAG 318 Tower

What did unit 2110 last sell for?

AED 766,100 on 13 September 2021, sold by the developer: AED 1,773 per sqft for 432 sqft. It is the only registered sale of the unit.

What is the rent for unit 2110?

AED 85,000 a year on the contract signed on 25 June 2024. The previous contract, from September 2021, was AED 50,000.

How big is unit 2110?

432 sqft (40.1 sqm): a studio on the 21st floor of a 22-storey tower completed in 2020.

What is unit 2110 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 2110, MAG 318 Tower

Starts from the last sale price (AED 766K, 13 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 766,100
Deposit, UAE resident (20%)
AED 153,220
Deposit, non-resident (40%)
AED 306,440
Monthly over 25 years at 3.7%
AED 3,134

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