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Studio · 440 sqftMAG 318 Tower, Business Bay · 21st floor · completed 2020

2116, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in January 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2116 · DLD and Ejari recordsUpdated 4 October 2025
Last soldAED 975K4 January 2021
Current rentAED 75K /yr4 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2116, MAG 318 Tower

What is 2116 worth today?

Last sold for AED 975,000 in 2021

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4 Oct 2025RentedNew contract
AED 75,000/yr12 months · AED 170 per sqft
15 Aug 2024RentedNew contract
AED 75,000/yr12 months · AED 170 per sqft
5 Jul 2023RentedRenewal
AED 68,250/yr12 months · AED 155 per sqft
1 Jul 2021RentedNew contract
AED 48,000/yr12 months · AED 109 per sqft
4 Jan 2021Sold by developerReady
AED 975,000AED 2,215 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 4 October 2025.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
21st of 22
Parking
B2-97
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 975K · January 2021
Building
MAG 318 Tower

About 2116, MAG 318 Tower

2116 is a studio of 440 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 4 January 2021 for AED 975,000, or AED 2,215 per sqft, 11% above the AED 2,003 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 4 October 2025, is AED 75,000 a year: a gross yield of 7.7% on the 2021 price, before the service charge of about AED 10,100 a year.

Sales and rents for 2116 over time

Sales
Unit 2116, 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, January 2021: AED 975,000 (AED 2,215 per sqft)

2116 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 2116, 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, July 2021: AED 48,000 a yearRenewal, July 2023: AED 68,250 a yearNew contract, August 2024: AED 75,000 a yearNew contract, October 2025: AED 75,000 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 2116 sits

All 299 studios →

2116 last sold in January 2021 at AED 2,215 per sqft, 11% above what studios in MAG 318 Tower were fetching at the time (AED 2,003). 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. 2116's AED 75,000 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

2116, MAG 318 Tower in numbers

  • Sold once: by MAG on 4 January 2021 for AED 975,000, or AED 2,215 per sqft.
  • Rented since July 2021 on 4 Ejari contracts, from AED 48,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2021 price is 7.7%, 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 4 October 2025.

Questions about 2116, MAG 318 Tower

What did unit 2116 last sell for?

AED 975,000 on 4 January 2021, sold by the developer: AED 2,215 per sqft for 440 sqft. It is the only registered sale of the unit.

What is the rent for unit 2116?

AED 75,000 a year on the contract signed on 4 October 2025. The previous contract, from August 2024, was AED 75,000; the unit has been rented since July 2021.

How big is unit 2116?

440 sqft (40.9 sqm): a studio on the 21st floor of a 22-storey tower completed in 2020.

What is unit 2116 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 2116, MAG 318 Tower

Starts from the last sale price (AED 975K, 4 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 975,000
Deposit, UAE resident (20%)
AED 195,000
Deposit, non-resident (40%)
AED 390,000
Monthly over 25 years at 3.7%
AED 3,989

Plus AED 45,960 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →