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Studio · 441 sqftMAG 318 Tower, Business Bay · 21st floor · completed 2020

2120, MAG 318 Tower

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

Unit 2120 · DLD and Ejari recordsUpdated 11 December 2025
Last soldAED 908K21 April 2020
Current rentAED 72K /yr11 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2120, MAG 318 Tower

What is 2120 worth today?

Last sold for AED 908,400 in 2020

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11 Dec 2025RentedRenewal
AED 72,000/yr12 months · AED 163 per sqft
11 Dec 2024RentedNew contract
AED 70,000/yr12 months · AED 159 per sqft
20 Nov 2023RentedNew contract
AED 75,000/yr12 months · AED 170 per sqft
14 Jan 2023RentedRenewal
AED 62,000/yr12 months · AED 140 per sqft
14 Jan 2022RentedNew contract
AED 58,000/yr12 months · AED 131 per sqft
21 Apr 2020Sold by developerOff-plan
AED 908,400AED 2,059 per sqft

Source: Dubai Land Department. Updated 11 December 2025.

Key facts

Type
Studio apartment
Size
441 sqft
Floor
21st of 22
Parking
B2-101
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 908K · April 2020
Building
MAG 318 Tower

About 2120, MAG 318 Tower

2120 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 21 April 2020 for AED 908,400, or AED 2,059 per sqft, 14% above the AED 1,800 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 11 December 2025, is AED 72,000 a year: a gross yield of 7.9% on the 2020 price, before the service charge of about AED 10,200 a year.

Sales and rents for 2120 over time

Sales
Unit 2120, 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 908,400 (AED 2,059 per sqft)

2120 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 2120, 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 58,000 a yearRenewal, January 2023: AED 62,000 a yearNew contract, November 2023: AED 75,000 a yearNew contract, December 2024: AED 70,000 a yearRenewal, December 2025: AED 72,000 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 2120 sits

All 316 studios →

2120 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 1,800). 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. 2120's AED 72,000 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

2120, MAG 318 Tower in numbers

  • Sold once: by MAG on 21 April 2020 for AED 908,400, or AED 2,059 per sqft.
  • Rented since January 2022 on 5 Ejari contracts, from AED 58,000 to AED 72,000 a year.
  • At AED 72,000 a year the gross yield on the 2020 price is 7.9%, 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 11 December 2025.

Questions about 2120, MAG 318 Tower

What did unit 2120 last sell for?

AED 908,400 on 21 April 2020, sold by the developer: AED 2,059 per sqft for 441 sqft. It is the only registered sale of the unit.

What is the rent for unit 2120?

AED 72,000 a year on the contract renewed on 11 December 2025. The previous contract, from December 2024, was AED 70,000; the unit has been rented since January 2022.

How big is unit 2120?

441 sqft (41.0 sqm): a studio on the 21st floor of a 22-storey tower completed in 2020.

What is unit 2120 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 2120, MAG 318 Tower

Starts from the last sale price (AED 908K, 21 April 2020). Switch to today's estimate once you have unlocked it.
Price
AED 908,400
Deposit, UAE resident (20%)
AED 181,680
Deposit, non-resident (40%)
AED 363,360
Monthly over 25 years at 3.7%
AED 3,717

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