622, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in December 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 622, MAG 318 Tower
What is 622 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 15 October 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,042 sqft
- Floor
- 6th of 22
- Parking
- P3-52
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 24,000 /yr
- Last sold
- AED 2.25M · December 2020
- Building
- MAG 318 Tower
About 622, MAG 318 Tower
622 is a two-bedroom apartment of 1,042 sqft on the 6th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 15 December 2020 for AED 2,250,000, or AED 2,160 per sqft, in line with the AED 2,200 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 15 October 2025, is AED 140,000 a year: a gross yield of 6.2% on the 2020 price, before the service charge of about AED 24,000 a year.
Sales and rents for 622 over time
622 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in MAG 318 Tower, and where 622 sits
All 75 2-beds →622 last sold in December 2020 at AED 2,160 per sqft, in line with what two-beds in MAG 318 Tower were fetching at the time (AED 2,200). Over the last 12 months two-beds sold for AED 2,000,000 to 2,800,000, around AED 2,068 per sqft, and rent for AED 85,000 to 166,000 a year. 622's AED 140,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Sep 202616 September 2026 | 967 sqft | 2,000,000 | 2,069 | ||
| 14 Sep 202614 September 2026 | 1,602 sqft | 2,800,000 | 1,747 | ||
| 12 Feb 202612 February 2026 | 967 sqft | 2,000,000 | 2,068 | ||
| 29 Aug 202529 August 2025 | 1,043 sqft | 2,250,000 | 2,156 |
MAG 318 Tower
Building439 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%
Other units on the 6th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 821 sqft | AED 1.1MAED 1,100,000 · Jul 2021July 2021 | 100,000 /yr | |
| 602 | 2-bed | 967 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | ||
| 603 | Studio | 438 sqft | AED 756KAED 756,000 · May 2018May 2018 | 85,000 /yr | |
| 604 | Studio | 433 sqft | AED 940KAED 940,000 · Jun 2023June 2023 | 55,000 /yr | |
| 605 | Studio | 432 sqft | AED 1.08MAED 1,075,000 · Dec 2020December 2020 | 75,000 /yr | |
| 606 | Studio | 433 sqft | AED 874KAED 874,460 · Nov 2019November 2019 | 60,000 /yr | |
| 607 | Studio | 432 sqft | AED 775KAED 775,000 · Jul 2018July 2018 | 75,000 /yr | |
| 608 | Studio | 433 sqft | AED 880KAED 880,000 · Nov 2022November 2022 | 82,500 /yr | |
| 609 | Studio | 434 sqft | AED 1.07MAED 1,069,000 · Jul 2026July 2026 | 60,000 /yr | |
| 610 | 1-bed | 874 sqft | AED 1.53MAED 1,526,609 · Oct 2020October 2020 | 100,000 /yr | |
| 611 | 2-bed | 967 sqft | AED 1.7MAED 1,700,000 · Dec 2022December 2022 | 115,000 /yr | |
| 612 | 1-bed | 982 sqft | AED 1.98MAED 1,977,000 · Jun 2021June 2021 | 84,000 /yr | |
| 613 | 2-bed | 1,044 sqft | AED 1.36MAED 1,357,005 · Nov 2022November 2022 | 145,000 /yr | |
| 614 | 1-bed | 890 sqft | AED 1.42MAED 1,422,900 · Apr 2020April 2020 | 120,000 /yr | |
| 615 | Studio | 442 sqft | AED 824KAED 823,513 · Feb 2019February 2019 | 60,000 /yr | |
| 616 | Studio | 441 sqft | AED 824KAED 824,418 · Feb 2019February 2019 | 58,000 /yr | |
| 617 | Studio | 440 sqft | AED 824KAED 823,513 · Feb 2019February 2019 | 60,000 /yr | |
| 618 | Studio | 441 sqft | AED 824KAED 824,418 · Feb 2019February 2019 | 60,000 /yr | |
| 619 | Studio | 440 sqft | AED 824KAED 823,513 · Feb 2019February 2019 | 63,000 /yr | |
| 620 | Studio | 441 sqft | AED 1.23MAED 1,230,000 · Jul 2025July 2025 | 120,000 /yr | |
| 621 | Studio | 446 sqft | AED 1.1MAED 1,100,000 · May 2026May 2026 | 83,000 /yr |
622, MAG 318 Tower in numbers
- Sold once: by MAG on 15 December 2020 for AED 2,250,000, or AED 2,160 per sqft.
- Rented since May 2021 on 5 Ejari contracts, from AED 100,000 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2020 price is 6.2%, before a service charge of about AED 24,000 a year (AED 23.06 per sqft).
- Two-beds in MAG 318 Tower sold for AED 2,000,000–2,800,000 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 15 October 2025.
Questions about 622, MAG 318 Tower
What did unit 622 last sell for?
AED 2,250,000 on 15 December 2020, sold by the developer: AED 2,160 per sqft for 1,042 sqft. It is the only registered sale of the unit.
What is the rent for unit 622?
AED 140,000 a year on the contract signed on 15 October 2025. The previous contract, from July 2024, was AED 150,000; the unit has been rented since May 2021.
How big is unit 622?
1,042 sqft (96.8 sqm): a two-bedroom apartment on the 6th floor of a 22-storey tower completed in 2020.
What is unit 622 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 318 Tower sold for AED 2,000,000 to 2,800,000 in the last 12 months, around AED 2,068 per sqft.
Selling 622? 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.
Mortgage on 622, MAG 318 Tower
Starts from the last sale price (AED 2.25M, 15 December 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 2,250,000
- Deposit, UAE resident (20%)
- AED 450,000
- Deposit, non-resident (40%)
- AED 900,000
- Monthly over 25 years at 3.7%
- AED 9,205
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →