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Studio · 440 sqftMAG 318 Tower, Business Bay · 22nd floor · completed 2020

2216, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in October 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2216 · DLD and Ejari recordsUpdated 22 January 2026
Last soldAED 857K8 October 2018
Current rentAED 80K /yr22 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2216, MAG 318 Tower

What is 2216 worth today?

Last sold for AED 856,577 in 2018

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22 Jan 2026RentedNew contract
AED 80,000/yr12 months · AED 182 per sqft
15 Jun 2023RentedNew contract
AED 72,000/yr12 months · AED 163 per sqft
18 Jan 2022RentedNew contract
AED 62,000/yr12 months · AED 140 per sqft
8 Oct 2018Sold by developerOff-plan
AED 856,577AED 1,946 per sqft

Source: Dubai Land Department. Updated 22 January 2026.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
22nd of 22
Parking
B2-136
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 857K · October 2018
Building
MAG 318 Tower

About 2216, MAG 318 Tower

2216 is a studio of 440 sqft on the 22nd floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 8 October 2018 for AED 856,577, or AED 1,946 per sqft, 8% above the AED 1,796 studios in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 22 January 2026, is AED 80,000 a year: a gross yield of 9.3% on the 2018 price, before the service charge of about AED 10,100 a year.

Sales and rents for 2216 over time

Sales
Unit 2216, 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, October 2018: AED 856,577 (AED 1,946 per sqft)

2216 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 2216, 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, January 2022: AED 62,000 a yearNew contract, June 2023: AED 72,000 a yearNew contract, January 2026: AED 80,000 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 2216 sits

All 316 studios →

2216 last sold in October 2018 at AED 1,946 per sqft, 8% above what studios in MAG 318 Tower were fetching at the time (AED 1,796). 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. 2216's AED 80,000 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 78K /yr
Typical yield
6.1%
MAG 318 Tower, Business Bay: prices, sales and rents →

Other units on the 22nd floor

All 439 units in MAG 318 Tower
Value
22011-bedAED 1.35M · Aug 2021
22022-bedAED 1.89M · Jul 2021
2203StudioAED 851K · Sep 2018
2204StudioAED 811K · Apr 2019
2205StudioAED 920K · Mar 2023
2206StudioAED 1.02M · Jul 2024
2207StudioAED 650K · May 2021
1–7 of 23

2216, MAG 318 Tower in numbers

  • Sold once: by MAG on 8 October 2018 for AED 856,577, or AED 1,946 per sqft.
  • Rented since January 2022 on 3 Ejari contracts, from AED 62,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2018 price is 9.3%, 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 22 January 2026.

Questions about 2216, MAG 318 Tower

What did unit 2216 last sell for?

AED 856,577 on 8 October 2018, sold by the developer: AED 1,946 per sqft for 440 sqft. It is the only registered sale of the unit.

What is the rent for unit 2216?

AED 80,000 a year on the contract signed on 22 January 2026. The previous contract, from June 2023, was AED 72,000; the unit has been rented since January 2022.

How big is unit 2216?

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

What is unit 2216 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 2216, MAG 318 Tower

Starts from the last sale price (AED 857K, 8 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 856,577
Deposit, UAE resident (20%)
AED 171,315
Deposit, non-resident (40%)
AED 342,631
Monthly over 25 years at 3.7%
AED 3,505

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