Home
Dubai prices
About
Research
Studio · 440 sqftMAG 318 Tower, Business Bay · 21st floor · completed 2020

2119, MAG 318 Tower

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

Unit 2119 · DLD and Ejari recordsUpdated 14 January 2024
Last soldAED 906K22 April 2020
Current rentAED 70K /yr14 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 2119

Property timeline for 2119, MAG 318 Tower

What is 2119 worth today?

Last sold for AED 905,645 in 2020

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

14 Jan 2024RentedNew contract
AED 70,000/yr12 months · AED 159 per sqft
14 Jan 2022RentedNew contract
AED 60,000/yr12 months · AED 136 per sqft
22 Apr 2020Sold by developerOff-plan
AED 905,645AED 2,059 per sqft

Source: Dubai Land Department. Updated 14 January 2024.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
21st of 22
Parking
B2-100
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 906K · April 2020
Building
MAG 318 Tower

About 2119, MAG 318 Tower

2119 is a studio of 440 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 April 2020 for AED 905,645, or AED 2,059 per sqft, 14% above the AED 1,801 studios in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 14 January 2024, is AED 70,000 a year: a gross yield of 7.7% on the 2020 price, before the service charge of about AED 10,100 a year.

Sales and rents for 2119 over time

Sales
Unit 2119, 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, April 2020: AED 905,645 (AED 2,059 per sqft)

2119 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 2119, each contractTypical studio in MAG 318 Tower
60K2021202320252027Typical 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, January 2022: AED 60,000 a yearNew contract, January 2024: AED 70,000 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 2119 sits

All 316 studios →

2119 last sold in April 2020 at AED 2,059 per sqft, 14% above what studios in MAG 318 Tower were fetching at the time (AED 1,801). 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. 2119's AED 70,000 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
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

2119, MAG 318 Tower in numbers

  • Sold once: by MAG on 22 April 2020 for AED 905,645, or AED 2,059 per sqft.
  • Rented since January 2022 on 2 Ejari contracts, from AED 60,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2020 price is 7.7%, 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 14 January 2024.

Questions about 2119, MAG 318 Tower

What did unit 2119 last sell for?

AED 905,645 on 22 April 2020, sold by the developer: AED 2,059 per sqft for 440 sqft. It is the only registered sale of the unit.

What is the rent for unit 2119?

AED 70,000 a year on the contract signed on 14 January 2024. The previous contract, from January 2022, was AED 60,000.

How big is unit 2119?

440 sqft (40.9 sqm): a studio on the 21st floor of a 22-storey tower completed in 2020.

What is unit 2119 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 2119? 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.

How OpenOffers works

Mortgage on 2119, MAG 318 Tower

Starts from the last sale price (AED 906K, 22 April 2020). Switch to today's estimate once you have unlocked it.
Price
AED 905,645
Deposit, UAE resident (20%)
AED 181,129
Deposit, non-resident (40%)
AED 362,258
Monthly over 25 years at 3.7%
AED 3,705

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