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2-bed · 966 sqftMAG 318 Tower, Business Bay · 18th floor · completed 2020

1812, 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.

Unit 1812 · DLD and Ejari recordsUpdated 17 August 2025
Last soldAED 2.25M22 December 2020
Current rentAED 121K /yr17 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1812, MAG 318 Tower

What is 1812 worth today?

Last sold for AED 2,250,000 in 2020

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17 Aug 2025RentedRenewal
AED 121,275/yr12 months · AED 126 per sqft
17 Aug 2023RentedNew contract
AED 105,000/yr12 months · AED 109 per sqft
17 Aug 2022RentedRenewal
AED 105,000/yr12 months · AED 109 per sqft
17 Aug 2021RentedNew contract
AED 100,000/yr12 months · AED 104 per sqft
22 Dec 2020Sold by developerOff-plan
AED 2,250,000AED 2,329 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 17 August 2025.

Key facts

Type
2-bed apartment
Size
966 sqft
Floor
18th of 22
Parking
B2-110 , B2-123
Developer
MAG
Completed
2020
Service charge
AED 22,300 /yr
Last sold
AED 2.25M · December 2020
Building
MAG 318 Tower

About 1812, MAG 318 Tower

1812 is a two-bedroom apartment of 966 sqft on the 18th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 22 December 2020 for AED 2,250,000, or AED 2,329 per sqft, 6% above the AED 2,200 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 17 August 2025, is AED 121,275 a year: a gross yield of 5.4% on the 2020 price, before the service charge of about AED 22,300 a year.

Sales and rents for 1812 over time

Sales
Unit 1812, each saleTypical two-bed in MAG 318 Tower
1.5M2M20182020202220242026Typical sale price by year: 2018 AED 1,781,294; 2019 AED 1,773,725; 2020 AED 2,250,000; 2021 AED 1,855,087; 2022 AED 1,357,005; 2024 AED 2,120,000; 2025 AED 2,050,000Sold by developer, December 2020: AED 2,250,000 (AED 2,329 per sqft)

1812 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1812, each contractTypical two-bed in MAG 318 Tower
100K125K150K2021202320252027Typical rent by year: 2021 AED 101,000; 2022 AED 120,000; 2023 AED 125,500; 2024 AED 143,000; 2025 AED 144,225; 2026 AED 155,000New contract, August 2021: AED 100,000 a yearRenewal, August 2022: AED 105,000 a yearNew contract, August 2023: AED 105,000 a yearRenewal, August 2025: AED 121,275 a year

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 1812 sits

All 73 2-beds →

1812 last sold in December 2020 at AED 2,329 per sqft, 6% above 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, around AED 2,068 per sqft, and rent for AED 85,000 to 160,000 a year. 1812's AED 121,275 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Feb 20262,000,000
21 Jul 20252,255,000
11 Apr 20252,050,000
18 Mar 20252,000,000
1 2-bed sale 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. 10 sold in the last 12 months.

Typical price per sqft
AED 2,457 Up 1.3%
Typical sale
AED 1.09M
Typical rent
AED 85K /yr
Typical yield
6.7%
MAG 318 Tower, Business Bay: prices, sales and rents →

Other units on the 18th floor

All 439 units in MAG 318 Tower
Value
18011-bedAED 1.45M · Feb 2023
1802AED 2.15M · Aug 2025
1803StudioAED 824K · Sep 2020
1804StudioAED 760K · Jun 2019
1805StudioAED 861K · Jun 2022
1806StudioAED 1.08M · Dec 2020
1807StudioAED 1.08M · Dec 2020
1–7 of 23

1812, MAG 318 Tower in numbers

  • Sold once: by MAG on 22 December 2020 for AED 2,250,000, or AED 2,329 per sqft.
  • Rented since August 2021 on 4 Ejari contracts, from AED 100,000 to AED 121,275 a year.
  • At AED 121,275 a year the gross yield on the 2020 price is 5.4%, before a service charge of about AED 22,300 a year (AED 23.06 per sqft).
  • Two-beds in MAG 318 Tower sold for AED 2,000,000–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,457 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 17 August 2025.

Questions about 1812, MAG 318 Tower

What did unit 1812 last sell for?

AED 2,250,000 on 22 December 2020, sold by the developer: AED 2,329 per sqft for 966 sqft. It is the only registered sale of the unit.

What is the rent for unit 1812?

AED 121,275 a year on the contract renewed on 17 August 2025. The previous contract, from August 2023, was AED 105,000; the unit has been rented since August 2021.

How big is unit 1812?

966 sqft (89.7 sqm): a two-bedroom apartment on the 18th floor of a 22-storey tower completed in 2020.

What is unit 1812 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 2,000,000 in the last 12 months, around AED 2,068 per sqft.

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Mortgage on 1812, MAG 318 Tower

Starts from the last sale price (AED 2.25M, 22 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 AED 99,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →