2203, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in September 2018, 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 2203, MAG 318 Tower
What is 2203 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 21 October 2025.
Key facts
- Type
- Studio apartment
- Size
- 438 sqft
- Floor
- 22nd of 22
- Parking
- B2-116
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,100 /yr
- Last sold
- AED 851K · September 2018
- Building
- MAG 318 Tower
About 2203, MAG 318 Tower
2203 is a studio of 438 sqft on the 22nd floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 30 September 2018 for AED 851,000, or AED 1,942 per sqft, 8% above the AED 1,790 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 21 October 2025, is AED 80,000 a year: a gross yield of 9.4% on the 2018 price, before the service charge of about AED 10,100 a year.
Sales and rents for 2203 over time
2203 has sold once; 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 2203 sits
All 299 studios →2203 last sold in September 2018 at AED 1,942 per sqft, 8% above what studios in MAG 318 Tower were fetching at the time (AED 1,790). 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. 2203's AED 80,000 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 22nd floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2201 | 1-bed | 823 sqft | AED 1.35MAED 1,350,000 · Aug 2021August 2021 | ||
| 2202 | 2-bed | 967 sqft | AED 1.89MAED 1,892,754 · Jul 2021July 2021 | 160,000 /yr | |
| 2204 | Studio | 433 sqft | AED 811KAED 811,273 · Apr 2019April 2019 | ||
| 2205 | Studio | 432 sqft | AED 920KAED 920,000 · Mar 2023March 2023 | 78,000 /yr | |
| 2206 | Studio | 433 sqft | AED 1.02MAED 1,020,000 · Jul 2024July 2024 | 75,000 /yr | |
| 2207 | Studio | 432 sqft | AED 650KAED 650,000 · May 2021May 2021 | 80,000 /yr | |
| 2208 | Studio | 433 sqft | AED 1.01MAED 1,010,000 · Jun 2021June 2021 | 75,000 /yr | |
| 2209 | Studio | 433 sqft | AED 1.05MAED 1,050,000 · Jan 2025January 2025 | 83,000 /yr | |
| 2210 | Studio | 432 sqft | AED 1.16MAED 1,160,000 · Jan 2026January 2026 | 67,000 /yr | |
| 2211 | Studio | 436 sqft | AED 1.17MAED 1,167,880 · Jan 2021January 2021 | 85,000 /yr | |
| 2212 | 2-bed | 966 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 160,000 /yr | |
| 2213 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 96,800 /yr | |
| 2214 | 2-bed | 1,045 sqft | AED 1.51MAED 1,513,162 · Feb 2021February 2021 | 160,000 /yr | |
| 2215 | Studio | 444 sqft | AED 862KAED 862,365 · Sep 2018September 2018 | 55,000 /yr | |
| 2216 | Studio | 440 sqft | AED 857KAED 856,577 · Oct 2018October 2018 | 80,000 /yr | |
| 2217 | Studio | 441 sqft | AED 842KAED 841,970 · Sep 2020September 2020 | 80,000 /yr | |
| 2218 | 441 sqft | AED 1.14MAED 1,140,000 · Aug 2025August 2025 | 115,000 /yr | ||
| 2219 | Studio | 440 sqft | AED 1.02MAED 1,020,000 · Feb 2024February 2024 | 60,000 /yr | |
| 2220 | Studio | 441 sqft | AED 868KAED 868,407 · Jun 2018June 2018 | 75,000 /yr | |
| 2221 | Studio | 440 sqft | AED 854KAED 854,013 · Oct 2018October 2018 | 80,000 /yr | |
| 2222 | Studio | 441 sqft | AED 1.05MAED 1,050,000 · Mar 2024March 2024 | 80,000 /yr | |
| 2223 | Studio | 446 sqft | AED 1.1MAED 1,100,000 · Feb 2025February 2025 | ||
| 2224 | 2-bed | 1,043 sqft | AED 2.3MAED 2,300,000 · Dec 2020December 2020 | 127,548 /yr |
2203, MAG 318 Tower in numbers
- Sold once: by MAG on 30 September 2018 for AED 851,000, or AED 1,942 per sqft.
- Rented since September 2021 on 5 Ejari contracts, from AED 50,000 to AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2018 price is 9.4%, 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 21 October 2025.
Questions about 2203, MAG 318 Tower
What did unit 2203 last sell for?
AED 851,000 on 30 September 2018, sold by the developer: AED 1,942 per sqft for 438 sqft. It is the only registered sale of the unit.
What is the rent for unit 2203?
AED 80,000 a year on the contract renewed on 21 October 2025. The previous contract, from October 2024, was AED 81,562; the unit has been rented since September 2021.
How big is unit 2203?
438 sqft (40.7 sqm): a studio on the 22nd floor of a 22-storey tower completed in 2020.
What is unit 2203 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 2203, MAG 318 Tower
Starts from the last sale price (AED 851K, 30 September 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 851,000
- Deposit, UAE resident (20%)
- AED 170,200
- Deposit, non-resident (40%)
- AED 340,400
- Monthly over 25 years at 3.7%
- AED 3,482
Plus AED 40,752 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →