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Studio · 221 sqftMAG 318 Tower, Business Bay · 9th floor · completed 2020

922, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in December 2017, and rented once, from April 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 922 · DLD and Ejari recordsUpdated 3 April 2024
Last soldAED 773K26 December 2017
Current rentAED 90K /yr3 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 922, MAG 318 Tower

What is 922 worth today?

Last sold for AED 773,000 in 2017

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3 Apr 2024RentedNew contract
AED 90,000/yr12 months · AED 204 per sqft
26 Dec 2017Sold by developerOff-plan
AED 773,000AED 1,752 per sqft

Source: Dubai Land Department. Updated 3 April 2024.

Key facts

Type
Studio apartment
Size
221 sqft
Floor
9th of 22
Parking
P2-18
Developer
MAG
Completed
2020
Service charge
AED 5,100 /yr
Last sold
AED 773K · December 2017
Building
MAG 318 Tower

About 922, MAG 318 Tower

922 is a studio of 221 sqft on the 9th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 26 December 2017 for AED 773,000, or AED 1,752 per sqft, in line with the AED 1,767 studios in the building were fetching at the time.

One Ejari contract is registered, from 3 April 2024. The current contract, signed on 3 April 2024, is AED 90,000 a year: a gross yield of 11.6% on the 2017 price, before the service charge of about AED 5,100 a year.

Sales and rents for 922 over time

Sales
Unit 922, 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, December 2017: AED 773,000 (AED 1,752 per sqft)

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

Rents
Unit 922, 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, April 2024: AED 90,000 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 922 sits

All 316 studios →

922 last sold in December 2017 at AED 1,752 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,767). 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. 922's AED 90,000 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 9th floor

All 439 units in MAG 318 Tower
Value
9011-bedAED 1.52M · Sep 2020
9022-bedAED 1.78M · Jul 2018
903StudioAED 753K · Jan 2019
904StudioAED 945K · Dec 2023
905StudioAED 763K · Dec 2017
906StudioAED 794K · May 2018
907StudioAED 684K · Sep 2021
1–7 of 23

922, MAG 318 Tower in numbers

  • Sold once: by MAG on 26 December 2017 for AED 773,000, or AED 1,752 per sqft.
  • Rented since April 2024 on one Ejari contract, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2017 price is 11.6%, before a service charge of about AED 5,100 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 3 April 2024.

Questions about 922, MAG 318 Tower

What did unit 922 last sell for?

AED 773,000 on 26 December 2017, sold by the developer: AED 1,752 per sqft for 221 sqft. It is the only registered sale of the unit.

What is the rent for unit 922?

AED 90,000 a year on the contract signed on 3 April 2024.

How big is unit 922?

221 sqft (20.5 sqm): a studio on the 9th floor of a 22-storey tower completed in 2020.

What is unit 922 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 922, MAG 318 Tower

Starts from the last sale price (AED 773K, 26 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 773,000
Deposit, UAE resident (20%)
AED 154,600
Deposit, non-resident (40%)
AED 309,200
Monthly over 25 years at 3.7%
AED 3,163

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