2118, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in November 2020, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2118, MAG 318 Tower
What is 2118 worth today?
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Source: Dubai Land Department. Updated 25 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 441 sqft
- Floor
- 21st of 22
- Parking
- B2-99
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,200 /yr
- Last sold
- AED 890K · November 2020
- Building
- MAG 318 Tower
About 2118, MAG 318 Tower
2118 is a studio of 441 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 4 November 2020 for AED 889,712, or AED 2,016 per sqft, 12% above the AED 1,806 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, signed on 25 August 2026, is AED 55,000 a year: a gross yield of 6.2% on the 2020 price, before the service charge of about AED 10,200 a year.
Sales and rents for 2118 over time
2118 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 2118 sits
All 316 studios →2118 last sold in November 2020 at AED 2,016 per sqft, 12% 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. 2118's AED 55,000 is in the lower half of that range.
| 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 79K /yr
- Typical yield
- 6.1%
Other units on the 21st floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2101 | 1-bed | 819 sqft | AED 1.49MAED 1,490,000 · Sep 2022September 2022 | 105,000 /yr | |
| 2102 | 2-bed | 967 sqft | AED 1.8MAED 1,798,777 · Sep 2019September 2019 | 110,000 /yr | |
| 2103 | Studio | 438 sqft | AED 820KAED 820,000 · Oct 2020October 2020 | 80,000 /yr | |
| 2104 | Studio | 433 sqft | AED 655KAED 655,000 · Sep 2021September 2021 | 77,583 /yr | |
| 2105 | Studio | 432 sqft | AED 876KAED 875,658 · Jul 2019July 2019 | 70,000 /yr | |
| 2106 | Studio | 433 sqft | AED 1.02MAED 1,020,000 · Oct 2023October 2023 | 55,000 /yr | |
| 2107 | Studio | 432 sqft | AED 745KAED 745,000 · Nov 2021November 2021 | ||
| 2108 | Studio | 433 sqft | AED 655KAED 655,000 · Sep 2021September 2021 | 60,000 /yr | |
| 2109 | Studio | 433 sqft | AED 1.2MAED 1,204,000 · Dec 2020December 2020 | 80,000 /yr | |
| 2110 | Studio | 432 sqft | AED 766KAED 766,100 · Sep 2021September 2021 | 85,000 /yr | |
| 2111 | Studio | 436 sqft | AED 1MAED 1,000,000 · Jul 2023July 2023 | 60,000 /yr | |
| 2112 | 2-bed | 966 sqft | AED 2.03MAED 2,030,588 · Jan 2021January 2021 | 126,000 /yr | |
| 2113 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 135,000 /yr | |
| 2114 | 2-bed | 1,045 sqft | AED 2.3MAED 2,300,000 · Dec 2020December 2020 | 145,735 /yr | |
| 2115 | Studio | 444 sqft | AED 975KAED 975,000 · Jan 2021January 2021 | 68,250 /yr | |
| 2116 | Studio | 440 sqft | AED 975KAED 975,000 · Jan 2021January 2021 | 55,000 /yr | |
| 2117 | Studio | 441 sqft | AED 1.2MAED 1,204,000 · Dec 2020December 2020 | ||
| 2119 | Studio | 440 sqft | AED 906KAED 905,645 · Apr 2020April 2020 | 70,000 /yr | |
| 2120 | Studio | 441 sqft | AED 908KAED 908,400 · Apr 2020April 2020 | 72,000 /yr | |
| 2121 | Studio | 440 sqft | AED 888KAED 887,709 · Nov 2020November 2020 | 65,000 /yr | |
| 2122 | Studio | 441 sqft | AED 640KAED 639,566 · Feb 2021February 2021 | 60,000 /yr | |
| 2123 | Studio | 446 sqft | AED 950KAED 950,000 · Jul 2026July 2026 | ||
| 2124 | 2-bed | 1,043 sqft | AED 2.12MAED 2,120,000 · Apr 2024April 2024 | 150,000 /yr |
2118, MAG 318 Tower in numbers
- Sold once: by MAG on 4 November 2020 for AED 889,712, or AED 2,016 per sqft.
- Rented since February 2022 on 6 Ejari contracts, from AED 58,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2020 price is 6.2%, before a service charge of about AED 10,200 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 August 2026.
Questions about 2118, MAG 318 Tower
What did unit 2118 last sell for?
AED 889,712 on 4 November 2020, sold by the developer: AED 2,016 per sqft for 441 sqft. It is the only registered sale of the unit.
What is the rent for unit 2118?
AED 55,000 a year on the contract signed on 25 August 2026. The previous contract, from February 2026, was AED 75,000; the unit has been rented since February 2022.
How big is unit 2118?
441 sqft (41.0 sqm): a studio on the 21st floor of a 22-storey tower completed in 2020.
What is unit 2118 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 2118, MAG 318 Tower
Starts from the last sale price (AED 890K, 4 November 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 889,712
- Deposit, UAE resident (20%)
- AED 177,942
- Deposit, non-resident (40%)
- AED 355,885
- Monthly over 25 years at 3.7%
- AED 3,640
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →