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Studio · 441 sqftMAG 318 Tower, Business Bay · 22nd floor · completed 2020

2218, MAG 318 Tower

Sold prices and rental history: sold twice, last in August 2025, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2218 · DLD and Ejari recordsUpdated 6 August 2025
Last soldAED 1.14M6 August 2025
Current rentAED 115K /yr20 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2218, MAG 318 Tower

What is 2218 worth today?

Last sold for AED 1,140,000 in 2025

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6 Aug 2025SoldReady
AED 1,140,000AED 2,584 per sqft
20 Sep 2024RentedNew contract
AED 115,000/yr12 months · AED 261 per sqft
29 Jul 2024RentedRenewal
AED 82,000/yr12 months · AED 186 per sqft
29 Jul 2023RentedNew contract
AED 80,000/yr12 months · AED 181 per sqft
12 Oct 2022RentedNew contract
AED 84,000/yr12 months · AED 190 per sqft
8 Apr 2021Sold by developerReady
AED 856,577AED 1,941 per sqft

Source: Dubai Land Department. Updated 6 August 2025.

Key facts

Type
Studio apartment
Size
441 sqft
Floor
22nd of 22
Parking
B1-01
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 1.14M · August 2025
Building
MAG 318 Tower

About 2218, MAG 318 Tower

2218 is a studio of 441 sqft on the 22nd floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 6 August 2025 for AED 1,140,000, or AED 2,584 per sqft, 5% above the AED 2,464 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 20 September 2024, is AED 115,000 a year: a gross yield of 10.1% on the 2025 price, before the service charge of about AED 10,200 a year.

Sales and rents for 2218 over time

Sales
Unit 2218, each saleTypical studio in MAG 318 Tower
800K1M1.2M2017202020232026Typical 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 2021: AED 856,577 (AED 1,941 per sqft)Sold, August 2025: AED 1,140,000 (AED 2,584 per sqft)

2218 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 2218, each contractTypical studio in MAG 318 Tower
50K100K2021202320252027Typical 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, October 2022: AED 84,000 a yearNew contract, July 2023: AED 80,000 a yearRenewal, July 2024: AED 82,000 a yearNew contract, September 2024: AED 115,000 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 2218 sits

All 316 studios →

2218 last sold in August 2025 at AED 2,584 per sqft, 5% above what studios in MAG 318 Tower were fetching at the time (AED 2,464). 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. 2218's AED 115,000 is in the upper 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 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

2218, MAG 318 Tower in numbers

  • Sold twice: first on 8 April 2021 for AED 856,577, last on 6 August 2025 for AED 1,140,000 (AED 2,584 per sqft).
  • Rented since October 2022 on 4 Ejari contracts, from AED 84,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2025 price is 10.1%, 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 6 August 2025.

Questions about 2218, MAG 318 Tower

What did unit 2218 last sell for?

AED 1,140,000 on 6 August 2025: AED 2,584 per sqft for 441 sqft. The unit has 2 registered sales; the first was AED 856,577 in April 2021.

What is the rent for unit 2218?

AED 115,000 a year on the contract signed on 20 September 2024. The previous contract, from July 2024, was AED 82,000; the unit has been rented since October 2022.

How big is unit 2218?

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

What is unit 2218 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 2218, MAG 318 Tower

Starts from the last sale price (AED 1.14M, 6 August 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,140,000
Deposit, UAE resident (20%)
AED 228,000
Deposit, non-resident (40%)
AED 456,000
Monthly over 25 years at 3.7%
AED 4,664

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