Studio · 432 sqftMAG 318 Tower, Business Bay · 21st floor · completed 2020

2105, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in July 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2105 · DLD and Ejari recordsUpdated 22 July 2019
Last soldAED 876K22 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2105, MAG 318 Tower

What is 2105 worth today?

Last sold for AED 875,658 in 2019

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22 Jul 2019Sold by developerOff-plan
AED 875,658AED 2,028 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 July 2019.

Key facts

Type
Studio apartment
Size
432 sqft
Floor
21st of 22
Parking
B2-86
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 876K · July 2019

About 2105, MAG 318 Tower

2105 is a studio of 432 sqft on the 21st floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 22 July 2019 for AED 875,658, or AED 2,028 per sqft, 13% above the AED 1,796 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2105 over time

Sales
Unit 2105, each saleTypical studio in MAG 318 Tower
800K1M2017202020232026Typical sale price by year: 2017 AED 776,165; 2018 AED 786,952; 2019 AED 791,701; 2020 AED 877,070; 2021 AED 745,000; 2022 AED 850,000; 2023 AED 947,500; 2024 AED 1,025,000; 2025 AED 1,100,000; 2026 AED 1,050,000Sold by developer, July 2019: AED 875,658 (AED 2,028 per sqft)

2105 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 2105, each contractTypical studio in MAG 318 Tower
60K80K2021202320252027Typical rent by year: 2021 AED 52,000; 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,908; 2026 AED 80,000

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 2105 sits

All 299 studios →

2105 last sold in July 2019 at AED 2,028 per sqft, 13% above what studios in MAG 318 Tower were fetching at the time (AED 1,796). Over the last 12 months studios sold for AED 1,000,000 to 1,160,000, around AED 2,475 per sqft, and rent for AED 58,000 to 120,000 a year.

Recent studio salesUnit no.Price (AED)Summary
3 Feb 20261,050,000
29 Jan 20261,000,000
27 Jan 20261,160,000
23 Dec 20251,100,000
8 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. 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 21st floor

All 439 units in MAG 318 Tower
Value
21011-bedAED 1.49M · Sep 2022
21022-bedAED 1.8M · Sep 2019
2103StudioAED 820K · Oct 2020
2104StudioAED 655K · Sep 2021
2106StudioAED 1.02M · Oct 2023
2107StudioAED 745K · Nov 2021
2108StudioAED 655K · Sep 2021
1–7 of 23

2105, MAG 318 Tower in numbers

  • Sold once: by MAG on 22 July 2019 for AED 875,658, or AED 2,028 per sqft.
  • Studios in MAG 318 Tower sold for AED 1,000,000–1,160,000 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 22 July 2019.

Questions about 2105, MAG 318 Tower

What did unit 2105 last sell for?

AED 875,658 on 22 July 2019, sold by the developer: AED 2,028 per sqft for 432 sqft. It is the only registered sale of the unit.

How big is unit 2105?

432 sqft (40.1 sqm): a studio on the 21st floor of a 22-storey tower completed in 2020.

What is unit 2105 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 1,000,000 to 1,160,000 in the last 12 months, around AED 2,475 per sqft.

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Mortgage on 2105, MAG 318 Tower

Starts from the last sale price (AED 876K, 22 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 875,658
Deposit, UAE resident (20%)
AED 175,132
Deposit, non-resident (40%)
AED 350,263
Monthly over 25 years at 3.7%
AED 3,583

Plus AED 41,787 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →