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

2122, MAG 318 Tower

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

Unit 2122 · DLD and Ejari recordsUpdated 17 August 2021
Last soldAED 640K25 February 2021
Current rentAED 60K /yr17 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2122, MAG 318 Tower

What is 2122 worth today?

Last sold for AED 639,566 in 2021

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17 Aug 2021RentedNew contract
AED 60,000/yr12 months · AED 136 per sqft
25 Feb 2021Sold by developerReady
AED 639,566AED 1,449 per sqft

Source: Dubai Land Department. Updated 17 August 2021.

Key facts

Type
Studio apartment
Size
441 sqft
Floor
21st of 22
Parking
B2-103
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 640K · February 2021
Building
MAG 318 Tower

About 2122, MAG 318 Tower

2122 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 25 February 2021 for AED 639,566, or AED 1,449 per sqft, 28% below the AED 2,009 studios in the building were fetching at the time.

One Ejari contract is registered, from 17 August 2021. The current contract, signed on 17 August 2021, is AED 60,000 a year: a gross yield of 9.4% on the 2021 price, before the service charge of about AED 10,200 a year.

Sales and rents for 2122 over time

Sales
Unit 2122, each saleTypical studio in MAG 318 Tower
600K800K1M2017202020232026Typical 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, February 2021: AED 639,566 (AED 1,449 per sqft)

2122 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 2122, 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, August 2021: AED 60,000 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 2122 sits

All 316 studios →

2122 last sold in February 2021 at AED 1,449 per sqft, 28% below what studios in MAG 318 Tower were fetching at the time (AED 2,009). 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. 2122's AED 60,000 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

2122, MAG 318 Tower in numbers

  • Sold once: by MAG on 25 February 2021 for AED 639,566, or AED 1,449 per sqft.
  • Rented since August 2021 on one Ejari contract, at AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2021 price is 9.4%, 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 17 August 2021.

Questions about 2122, MAG 318 Tower

What did unit 2122 last sell for?

AED 639,566 on 25 February 2021, sold by the developer: AED 1,449 per sqft for 441 sqft. It is the only registered sale of the unit.

What is the rent for unit 2122?

AED 60,000 a year on the contract signed on 17 August 2021.

How big is unit 2122?

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

What is unit 2122 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 2122, MAG 318 Tower

Starts from the last sale price (AED 640K, 25 February 2021). Switch to today's estimate once you have unlocked it.
Price
AED 639,566
Deposit, UAE resident (20%)
AED 127,913
Deposit, non-resident (40%)
AED 255,826
Monthly over 25 years at 3.7%
AED 2,617

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