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Studio · 436 sqftMAG 318 Tower, Business Bay · 21st floor · completed 2020

2111, MAG 318 Tower

Sold prices and rental history: sold twice, last in July 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2111 · DLD and Ejari recordsUpdated 7 December 2024
Last soldAED 1M6 July 2023
Current rentAED 78K /yr7 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2111, MAG 318 Tower

What is 2111 worth today?

Last sold for AED 1,000,000 in 2023

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7 Dec 2024RentedNew contract
AED 77,500/yr12 months · AED 178 per sqft
6 Jul 2023SoldReady
AED 1,000,000AED 2,293 per sqft
20 Oct 2022RentedNew contract
AED 65,000/yr12 months · AED 147 per sqft
15 Oct 2021RentedNew contract
AED 60,000/yr12 months · AED 136 per sqft
26 Sep 2021Sold by developerReady
AED 730,000AED 1,674 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 7 December 2024.

Key facts

Type
Studio apartment
Size
436 sqft
Floor
21st of 22
Parking
B2-92
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 1M · July 2023
Building
MAG 318 Tower

About 2111, MAG 318 Tower

2111 is a studio of 436 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 6 July 2023 for AED 1,000,000, or AED 2,293 per sqft, 10% above the AED 2,084 studios in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 7 December 2024, is AED 77,500 a year: a gross yield of 7.8% on the 2023 price, before the service charge of about AED 10,100 a year.

Sales and rents for 2111 over time

Sales
Unit 2111, 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, September 2021: AED 730,000 (AED 1,674 per sqft)Sold, July 2023: AED 1,000,000 (AED 2,293 per sqft)

2111 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 2111, 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 80,000New contract, October 2021: AED 60,000 a yearNew contract, October 2022: AED 65,000 a yearNew contract, December 2024: AED 77,500 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 2111 sits

All 299 studios →

2111 last sold in July 2023 at AED 2,293 per sqft, 10% above what studios in MAG 318 Tower were fetching at the time (AED 2,084). 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. 2111's AED 77,500 is in the lower half of that range.

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
2105StudioAED 876K · Jul 2019
2106StudioAED 1.02M · Oct 2023
2107StudioAED 745K · Nov 2021
1–7 of 23

2111, MAG 318 Tower in numbers

  • Sold twice: first on 26 September 2021 for AED 730,000, last on 6 July 2023 for AED 1,000,000 (AED 2,293 per sqft).
  • Rented since October 2021 on 3 Ejari contracts, from AED 60,000 to AED 77,500 a year.
  • At AED 77,500 a year the gross yield on the 2023 price is 7.8%, before a service charge of about AED 10,100 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 7 December 2024.

Questions about 2111, MAG 318 Tower

What did unit 2111 last sell for?

AED 1,000,000 on 6 July 2023: AED 2,293 per sqft for 436 sqft. The unit has 2 registered sales; the first was AED 730,000 in September 2021.

What is the rent for unit 2111?

AED 77,500 a year on the contract signed on 7 December 2024. The previous contract, from October 2022, was AED 65,000; the unit has been rented since October 2021.

How big is unit 2111?

436 sqft (40.5 sqm): a studio on the 21st floor of a 22-storey tower completed in 2020.

What is unit 2111 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 2111, MAG 318 Tower

Starts from the last sale price (AED 1M, 6 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

Plus AED 47,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →