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2-bed · 1,043 sqftMAG 318 Tower, Business Bay · 19th floor · completed 2020

1924, MAG 318 Tower

Sold prices and rental history: sold twice, last in March 2025, and rented once, from September 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1924 · DLD and Ejari recordsUpdated 18 March 2025
Last soldAED 2M18 March 2025
Current rentAED 100K /yr15 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1924, MAG 318 Tower

What is 1924 worth today?

Last sold for AED 2,000,000 in 2025

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18 Mar 2025SoldReady
AED 2,000,000AED 1,917 per sqft
15 Sep 2021RentedNew contract
AED 100,000/yr12 months · AED 96 per sqft
6 Sep 2020Sold by developerOff-plan
AED 2,009,643AED 1,926 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 18 March 2025.

Key facts

Type
2-bed apartment
Size
1,043 sqft
Floor
19th of 22
Parking
B2-57
Developer
MAG
Completed
2020
Service charge
AED 24,100 /yr
Last sold
AED 2M · March 2025
Building
MAG 318 Tower

About 1924, MAG 318 Tower

1924 is a two-bedroom apartment of 1,043 sqft on the 19th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 18 March 2025 for AED 2,000,000, or AED 1,917 per sqft, 6% below the AED 2,032 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 September 2021. The current contract, signed on 15 September 2021, is AED 100,000 a year: a gross yield of 5.0% on the 2025 price, before the service charge of about AED 24,100 a year.

Sales and rents for 1924 over time

Sales
Unit 1924, 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, September 2020: AED 2,009,643 (AED 1,926 per sqft)Sold, March 2025: AED 2,000,000 (AED 1,917 per sqft)

1924 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1924, 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, September 2021: AED 100,000 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 1924 sits

All 73 2-beds →

1924 last sold in March 2025 at AED 1,917 per sqft, 6% below what two-beds in MAG 318 Tower were fetching at the time (AED 2,032). 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. 1924's AED 100,000 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
26 Feb 20252,050,000
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 19th floor

All 439 units in MAG 318 Tower
Value
19011-bedAED 1.35M · Sep 2021
19022-bedAED 1.88M · Jan 2021
1903StudioAED 774K · Jun 2018
1904StudioAED 809K · Jan 2018
1905StudioAED 760K · Sep 2018
1906StudioAED 1.08M · Dec 2020
1907StudioAED 890K · Jan 2023
1–7 of 23

1924, MAG 318 Tower in numbers

  • Sold twice: first on 6 September 2020 for AED 2,009,643, last on 18 March 2025 for AED 2,000,000 (AED 1,917 per sqft).
  • Rented since September 2021 on one Ejari contract, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2025 price is 5.0%, 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 2,000,000–2,000,000 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 18 March 2025.

Questions about 1924, MAG 318 Tower

What did unit 1924 last sell for?

AED 2,000,000 on 18 March 2025: AED 1,917 per sqft for 1,043 sqft. The unit has 2 registered sales; the first was AED 2,009,643 in September 2020.

What is the rent for unit 1924?

AED 100,000 a year on the contract signed on 15 September 2021.

How big is unit 1924?

1,043 sqft (96.9 sqm): a two-bedroom apartment on the 19th floor of a 22-storey tower completed in 2020.

What is unit 1924 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 1924, MAG 318 Tower

Starts from the last sale price (AED 2M, 18 March 2025). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

Plus AED 89,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →