2-bed · 1,043 sqftMAG 318 Tower, Business Bay · 8th floor · completed 2020

824, MAG 318 Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

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.

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Unit 824 · DLD and Ejari recordsUpdated 13 December 2025

Last soldAED 2.3M15 December 2020

Current rentAED 144K /yr13 December 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 824, MAG 318 Tower

Today

What is 824 worth today?

Last sold for AED 2,300,000 in 2020

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13 Dec 2025

13 Dec 2025RentedNew contract

AED 144,225/yr12 months · AED 138 per sqft

11 Oct 2024

11 Oct 2024RentedNew contract

AED 155,000/yr12 months · AED 149 per sqft

20 Jul 2023

20 Jul 2023RentedNew contract

AED 165,000/yr12 months · AED 158 per sqft

12 Oct 2022

12 Oct 2022RentedNew contract

AED 160,000/yr12 months · AED 153 per sqft

6 Jun 2021

6 Jun 2021RentedNew contract

AED 100,000/yr12 months · AED 96 per sqft

15 Dec 2020

15 Dec 2020Sold by developerOff-plan

AED 2,300,000AED 2,204 per sqft

Source: Dubai Land Department. Updated 13 December 2025.

Key facts

Type: 2-bed apartment
Size: 1,043 sqft
Floor: 8th of 22
Parking: P3-109
Developer: MAG
Completed: 2020
Service charge: AED 24,100 /yr
Last sold: AED 2.3M · December 2020
Building: MAG 318 Tower

About 824, MAG 318 Tower

824 is a two-bedroom apartment of 1,043 sqft on the 8th 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 2,300,000, or AED 2,204 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 13 December 2025, is AED 144,225 a year: a gross yield of 6.3% on the 2020 price, before the service charge of about AED 24,100 a year.

Sales and rents for 824 over time

Sales

Unit 824, each saleTypical two-bed in MAG 318 Tower

824 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 824, each contractTypical two-bed in MAG 318 Tower

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 824 sits

All 75 2-beds →

2-beds in MAG 318 Tower · last 12 months2,068 /sqft MAG 318 Tower · all types2,286 /sqft

824 last sold in December 2020 at AED 2,204 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. 824's AED 144,225 is in the upper half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
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

3 2-bed 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 8th floor

All 439 units in MAG 318 Tower


801	1-bed	819 sqft	AED 1.55MAED 1,553,663 · Mar 2020March 2020	85,000 /yr
802	2-bed	967 sqft	AED 1.85MAED 1,848,603 · Nov 2020November 2020	120,000 /yr
803	Studio	438 sqft	AED 780KAED 780,000 · Nov 2018November 2018	73,000 /yr
804	Studio	433 sqft	AED 780KAED 780,000 · Jun 2018June 2018
805	Studio	432 sqft	AED 780KAED 780,000 · Sep 2018September 2018	80,000 /yr
806	Studio	433 sqft	AED 779KAED 779,220 · Nov 2021November 2021	55,000 /yr
807	Studio	432 sqft	AED 753KAED 753,000 · Jul 2018July 2018	80,000 /yr
808	Studio	433 sqft	AED 802KAED 801,817 · Apr 2018April 2018	70,000 /yr
809	Studio	433 sqft	AED 752KAED 752,000 · May 2018May 2018	60,000 /yr
810	Studio	432 sqft	AED 780KAED 780,000 · Sep 2018September 2018	70,000 /yr
811	Studio	436 sqft	AED 870KAED 870,000 · Aug 2022August 2022	55,000 /yr
812	2-bed	966 sqft	AED 2.25MAED 2,250,000 · Dec 2020December 2020	155,000 /yr
813	1-bed	982 sqft	AED 2.05MAED 2,050,000 · Dec 2020December 2020
814	2-bed	1,045 sqft	AED 2.25MAED 2,250,000 · Dec 2020December 2020	155,000 /yr
815	Studio	444 sqft	AED 759KAED 759,000 · Jul 2018July 2018	80,000 /yr
816	Studio	440 sqft	AED 920KAED 920,000 · Aug 2022August 2022
817	Studio	441 sqft	AED 1.06MAED 1,060,000 · Apr 2024April 2024	60,000 /yr
818	Studio	441 sqft	AED 753KAED 753,000 · Jun 2018June 2018	72,000 /yr
819	Studio	440 sqft	AED 796KAED 795,789 · Jun 2018June 2018	72,000 /yr
820	Studio	441 sqft	AED 1MAED 1,000,000 · Jul 2023July 2023	88,000 /yr
821	Studio	440 sqft	AED 716KAED 716,346 · Sep 2021September 2021	84,000 /yr
822	Studio	441 sqft	AED 794KAED 794,000 · Nov 2019November 2019
823	Studio	446 sqft	AED 825KAED 825,492 · May 2018May 2018	70,000 /yr

1–7 of 23

824, MAG 318 Tower in numbers

Sold once: by MAG on 15 December 2020 for AED 2,300,000, or AED 2,204 per sqft.
Rented since June 2021 on 5 Ejari contracts, from AED 100,000 to AED 144,225 a year.
At AED 144,225 a year the gross yield on the 2020 price is 6.3%, before a service charge of about AED 24,100 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 13 December 2025.

Questions about 824, MAG 318 Tower

What did unit 824 last sell for?

AED 2,300,000 on 15 December 2020, sold by the developer: AED 2,204 per sqft for 1,043 sqft. It is the only registered sale of the unit.

What is the rent for unit 824?

AED 144,225 a year on the contract signed on 13 December 2025. The previous contract, from October 2024, was AED 155,000; the unit has been rented since June 2021.

How big is unit 824?

1,043 sqft (96.9 sqm): a two-bedroom apartment on the 8th floor of a 22-storey tower completed in 2020.

What is unit 824 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.

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Mortgage on 824, MAG 318 Tower

Starts from the last sale price (AED 2.3M, 15 December 2020). Switch to today's estimate once you have unlocked it.

Price: AED 2,300,000
Deposit, UAE resident (20%): AED 460,000
Deposit, non-resident (40%): AED 920,000
Monthly over 25 years at 3.7%: AED 9,410

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