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Studio · 441 sqftMAG 318 Tower, Business Bay · 22nd floor · completed 2020

2222, MAG 318 Tower

Sold prices and rental history: sold 3 times, last in March 2024, and rented once, from December 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2222 · DLD and Ejari recordsUpdated 20 December 2024
Last soldAED 1.05M15 March 2024
Current rentAED 80K /yr20 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2222, MAG 318 Tower

What is 2222 worth today?

Last sold for AED 1,050,000 in 2024

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20 Dec 2024RentedNew contract
AED 80,000/yr12 months · AED 181 per sqft
15 Mar 2024SoldReady
AED 1,050,000AED 2,380 per sqft
2 Feb 2023SoldReady
AED 975,000AED 2,210 per sqft
9 Sep 2021Sold by developerReady
AED 795,000AED 1,802 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 December 2024.

Key facts

Type
Studio apartment
Size
441 sqft
Floor
22nd of 22
Parking
B1-05
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 1.05M · March 2024
Building
MAG 318 Tower

About 2222, MAG 318 Tower

2222 is a studio of 441 sqft on the 22nd floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 15 March 2024 for AED 1,050,000, or AED 2,380 per sqft, 7% above the AED 2,214 studios in the building were fetching at the time.

One Ejari contract is registered, from 20 December 2024. The current contract, signed on 20 December 2024, is AED 80,000 a year: a gross yield of 7.6% on the 2024 price, before the service charge of about AED 10,200 a year.

Sales and rents for 2222 over time

Sales
Unit 2222, 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 795,000 (AED 1,802 per sqft)Sold, February 2023: AED 975,000 (AED 2,210 per sqft)Sold, March 2024: AED 1,050,000 (AED 2,380 per sqft)

2222 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 2222, 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, December 2024: AED 80,000 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 2222 sits

All 299 studios →

2222 last sold in March 2024 at AED 2,380 per sqft, 7% above what studios in MAG 318 Tower were fetching at the time (AED 2,214). 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. 2222's AED 80,000 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 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

2222, MAG 318 Tower in numbers

  • Sold 3 times: first on 9 September 2021 for AED 795,000, last on 15 March 2024 for AED 1,050,000 (AED 2,380 per sqft).
  • Rented since December 2024 on one Ejari contract, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2024 price is 7.6%, 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 20 December 2024.

Questions about 2222, MAG 318 Tower

What did unit 2222 last sell for?

AED 1,050,000 on 15 March 2024: AED 2,380 per sqft for 441 sqft. The unit has 3 registered sales; the first was AED 795,000 in September 2021.

What is the rent for unit 2222?

AED 80,000 a year on the contract signed on 20 December 2024.

How big is unit 2222?

441 sqft (41.0 sqm): a studio on the 22nd floor of a 22-storey tower completed in 2020.

What is unit 2222 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 2222, MAG 318 Tower

Starts from the last sale price (AED 1.05M, 15 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

Plus AED 49,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →