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Studio · 444 sqftMAG 318 Tower, Business Bay · 22nd floor · completed 2020

2215, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in September 2018, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2215 · DLD and Ejari recordsUpdated 18 September 2025
Last soldAED 862K6 September 2018
Current rentAED 55K /yr18 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2215, MAG 318 Tower

What is 2215 worth today?

Last sold for AED 862,365 in 2018

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18 Sep 2025RentedRenewal
AED 55,000/yr12 months · AED 124 per sqft
18 Sep 2024RentedNew contract
AED 50,000/yr12 months · AED 113 per sqft
21 Aug 2023RentedRenewal
AED 50,000/yr12 months · AED 113 per sqft
21 Aug 2022RentedRenewal
AED 50,000/yr12 months · AED 113 per sqft
6 Sep 2018Sold by developerOff-plan
AED 862,365AED 1,942 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 18 September 2025.

Key facts

Type
Studio apartment
Size
444 sqft
Floor
22nd of 22
Parking
B2-135
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 862K · September 2018
Building
MAG 318 Tower

About 2215, MAG 318 Tower

2215 is a studio of 444 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 6 September 2018 for AED 862,365, 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 2022 on 4 Ejari contracts. The current contract, renewed on 18 September 2025, is AED 55,000 a year: a gross yield of 6.4% on the 2018 price, before the service charge of about AED 10,200 a year.

Sales and rents for 2215 over time

Sales
Unit 2215, 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 2018: AED 862,365 (AED 1,942 per sqft)

2215 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 2215, 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 80,000Renewal, August 2022: AED 50,000 a yearRenewal, August 2023: AED 50,000 a yearNew contract, September 2024: AED 50,000 a yearRenewal, September 2025: AED 55,000 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 2215 sits

All 299 studios →

2215 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. 2215's AED 55,000 is at the bottom 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 22nd floor

All 439 units in MAG 318 Tower
Value
22011-bedAED 1.35M · Aug 2021
22022-bedAED 1.89M · Jul 2021
2203StudioAED 851K · Sep 2018
2204StudioAED 811K · Apr 2019
2205StudioAED 920K · Mar 2023
2206StudioAED 1.02M · Jul 2024
2207StudioAED 650K · May 2021
1–7 of 23

2215, MAG 318 Tower in numbers

  • Sold once: by MAG on 6 September 2018 for AED 862,365, or AED 1,942 per sqft.
  • Rented since August 2022 on 4 Ejari contracts, from AED 50,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2018 price is 6.4%, before a service charge of about AED 10,200 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 18 September 2025.

Questions about 2215, MAG 318 Tower

What did unit 2215 last sell for?

AED 862,365 on 6 September 2018, sold by the developer: AED 1,942 per sqft for 444 sqft. It is the only registered sale of the unit.

What is the rent for unit 2215?

AED 55,000 a year on the contract renewed on 18 September 2025. The previous contract, from September 2024, was AED 50,000; the unit has been rented since August 2022.

How big is unit 2215?

444 sqft (41.2 sqm): a studio on the 22nd floor of a 22-storey tower completed in 2020.

What is unit 2215 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 2215, MAG 318 Tower

Starts from the last sale price (AED 862K, 6 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 862,365
Deposit, UAE resident (20%)
AED 172,473
Deposit, non-resident (40%)
AED 344,946
Monthly over 25 years at 3.7%
AED 3,528

Plus AED 41,230 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →