2106, MAG 318 Tower
Sold prices and rental history: sold twice, last in October 2023, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2106, MAG 318 Tower
What is 2106 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 September 2024.
Key facts
- Type
- Studio apartment
- Size
- 433 sqft
- Floor
- 21st of 22
- Parking
- B2-87
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 1.02M · October 2023
- Building
- MAG 318 Tower
About 2106, MAG 318 Tower
2106 is a studio of 433 sqft on the 21st floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 31 October 2023 for AED 1,020,000, or AED 2,356 per sqft, 9% above the AED 2,157 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 15 September 2024, is AED 65,000 a year: a gross yield of 6.4% on the 2023 price, before the service charge of about AED 10,000 a year.
Sales and rents for 2106 over time
2106 has sold twice; the dashed line is the studio median of each year in the building.
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 2106 sits
All 299 studios →2106 last sold in October 2023 at AED 2,356 per sqft, 9% above what studios in MAG 318 Tower were fetching at the time (AED 2,157). 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. 2106's AED 65,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Feb 20263 February 2026 | 433 sqft | 1,050,000 | 2,425 | ||
| 29 Jan 202629 January 2026 | 432 sqft | 1,000,000 | 2,316 | ||
| 27 Jan 202627 January 2026 | 432 sqft | 1,160,000 | 2,686 | ||
| 23 Dec 202523 December 2025 | 441 sqft | 1,100,000 | 2,495 |
MAG 318 Tower
Building439 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%
Other units on the 21st floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2101 | 1-bed | 819 sqft | AED 1.49MAED 1,490,000 · Sep 2022September 2022 | 105,000 /yr | |
| 2102 | 2-bed | 967 sqft | AED 1.8MAED 1,798,777 · Sep 2019September 2019 | 140,000 /yr | |
| 2103 | Studio | 438 sqft | AED 820KAED 820,000 · Oct 2020October 2020 | 80,000 /yr | |
| 2104 | Studio | 433 sqft | AED 655KAED 655,000 · Sep 2021September 2021 | 77,583 /yr | |
| 2105 | Studio | 432 sqft | AED 876KAED 875,658 · Jul 2019July 2019 | ||
| 2107 | Studio | 432 sqft | AED 745KAED 745,000 · Nov 2021November 2021 | ||
| 2108 | Studio | 433 sqft | AED 655KAED 655,000 · Sep 2021September 2021 | 78,000 /yr | |
| 2109 | 433 sqft | AED 1.2MAED 1,204,000 · Dec 2020December 2020 | 80,000 /yr | ||
| 2110 | Studio | 432 sqft | AED 766KAED 766,100 · Sep 2021September 2021 | 85,000 /yr | |
| 2111 | Studio | 436 sqft | AED 1MAED 1,000,000 · Jul 2023July 2023 | 77,500 /yr | |
| 2112 | 2-bed | 966 sqft | AED 2.03MAED 2,030,588 · Jan 2021January 2021 | 120,000 /yr | |
| 2113 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 135,000 /yr | |
| 2114 | 2-bed | 1,045 sqft | AED 2.3MAED 2,300,000 · Dec 2020December 2020 | 170,000 /yr | |
| 2115 | Studio | 444 sqft | AED 975KAED 975,000 · Jan 2021January 2021 | 68,250 /yr | |
| 2116 | Studio | 440 sqft | AED 975KAED 975,000 · Jan 2021January 2021 | 75,000 /yr | |
| 2117 | Studio | 441 sqft | AED 1.2MAED 1,204,000 · Dec 2020December 2020 | ||
| 2118 | Studio | 441 sqft | AED 890KAED 889,712 · Nov 2020November 2020 | 75,000 /yr | |
| 2119 | Studio | 440 sqft | AED 906KAED 905,645 · Apr 2020April 2020 | 70,000 /yr | |
| 2120 | Studio | 441 sqft | AED 908KAED 908,400 · Apr 2020April 2020 | 72,000 /yr | |
| 2121 | Studio | 440 sqft | AED 888KAED 887,709 · Nov 2020November 2020 | 75,000 /yr | |
| 2122 | Studio | 441 sqft | AED 640KAED 639,566 · Feb 2021February 2021 | 60,000 /yr | |
| 2123 | Studio | 446 sqft | AED 930KAED 930,000 · Mar 2023March 2023 | ||
| 2124 | 2-bed | 1,043 sqft | AED 2.12MAED 2,120,000 · Apr 2024April 2024 | 150,000 /yr |
2106, MAG 318 Tower in numbers
- Sold twice: first on 4 January 2021 for AED 869,600, last on 31 October 2023 for AED 1,020,000 (AED 2,356 per sqft).
- Rented since August 2021 on 5 Ejari contracts, from AED 46,000 to AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2023 price is 6.4%, before a service charge of about AED 10,000 a year (AED 23.06 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 15 September 2024.
Questions about 2106, MAG 318 Tower
What did unit 2106 last sell for?
AED 1,020,000 on 31 October 2023: AED 2,356 per sqft for 433 sqft. The unit has 2 registered sales; the first was AED 869,600 in January 2021.
What is the rent for unit 2106?
AED 65,000 a year on the contract signed on 15 September 2024. The previous contract, from September 2024, was AED 65,000; the unit has been rented since August 2021.
How big is unit 2106?
433 sqft (40.2 sqm): a studio on the 21st floor of a 22-storey tower completed in 2020.
What is unit 2106 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 2106, MAG 318 Tower
Starts from the last sale price (AED 1.02M, 31 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,020,000
- Deposit, UAE resident (20%)
- AED 204,000
- Deposit, non-resident (40%)
- AED 408,000
- Monthly over 25 years at 3.7%
- AED 4,173
Plus AED 47,850 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →