Home
Dubai prices
About
Research
2-bed · 1,043 sqftMAG 318 Tower, Business Bay · 22nd floor · completed 2020

2224, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in December 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2224 · DLD and Ejari recordsUpdated 25 September 2025
Last soldAED 2.3M22 December 2020
Current rentAED 128K /yr25 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2224, MAG 318 Tower

What is 2224 worth today?

Last sold for AED 2,300,000 in 2020

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

25 Sep 2025RentedRenewal
AED 127,548/yr7 months · AED 122 per sqft
25 Sep 2024RentedRenewal
AED 122,000/yr12 months · AED 117 per sqft
25 Sep 2021RentedNew contract
AED 110,000/yr12 months · AED 105 per sqft
1 Sep 2021RentedNew contract
AED 110,000/yr12 months · AED 105 per sqft
22 Dec 2020Sold by developerOff-plan
AED 2,300,000AED 2,204 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 September 2025.

Key facts

Type
2-bed apartment
Size
1,043 sqft
Floor
22nd of 22
Parking
B1-07
Developer
MAG
Completed
2020
Service charge
AED 24,100 /yr
Last sold
AED 2.3M · December 2020
Building
MAG 318 Tower

About 2224, MAG 318 Tower

2224 is a two-bedroom apartment of 1,043 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 22 December 2020 for AED 2,300,000, or AED 2,204 per sqft, in line with the AED 2,200 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 25 September 2025, is AED 127,548 a year: a gross yield of 5.5% on the 2020 price, before the service charge of about AED 24,100 a year.

Sales and rents for 2224 over time

Sales
Unit 2224, each saleTypical two-bed in MAG 318 Tower
1.5M2M20182020202220242026Typical sale price by year: 2018 AED 1,781,294; 2019 AED 1,773,725; 2020 AED 2,250,000; 2021 AED 1,855,087; 2022 AED 1,357,005; 2024 AED 2,120,000; 2025 AED 2,050,000Sold by developer, December 2020: AED 2,300,000 (AED 2,204 per sqft)

2224 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2224, each contractTypical two-bed in MAG 318 Tower
100K125K150K2021202320252027Typical rent by year: 2021 AED 101,000; 2022 AED 120,000; 2023 AED 125,500; 2024 AED 143,000; 2025 AED 144,225; 2026 AED 155,000New contract, September 2021: AED 110,000 a yearNew contract, September 2021: AED 110,000 a yearRenewal, September 2024: AED 122,000 a yearRenewal, September 2025: AED 127,548 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in MAG 318 Tower, and where 2224 sits

All 73 2-beds →

2224 last sold in December 2020 at AED 2,204 per sqft, in line with what two-beds in MAG 318 Tower were fetching at the time (AED 2,200). Over the last 12 months two-beds sold for AED 2,000,000, around AED 2,068 per sqft, and rent for AED 85,000 to 160,000 a year. 2224's AED 127,548 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Feb 20262,000,000
21 Jul 20252,255,000
11 Apr 20252,050,000
18 Mar 20252,000,000
1 2-bed sale 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

2224, MAG 318 Tower in numbers

  • Sold once: by MAG on 22 December 2020 for AED 2,300,000, or AED 2,204 per sqft.
  • Rented since September 2021 on 4 Ejari contracts, from AED 110,000 to AED 127,548 a year.
  • At AED 127,548 a year the gross yield on the 2020 price is 5.5%, before a service charge of about AED 24,100 a year (AED 23.06 per sqft).
  • Two-beds in MAG 318 Tower sold for AED 2,000,000–2,000,000 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 25 September 2025.

Questions about 2224, MAG 318 Tower

What did unit 2224 last sell for?

AED 2,300,000 on 22 December 2020, sold by the developer: AED 2,204 per sqft for 1,043 sqft. It is the only registered sale of the unit.

What is the rent for unit 2224?

AED 127,548 a year on the contract renewed on 25 September 2025. The previous contract, from September 2024, was AED 122,000; the unit has been rented since September 2021.

How big is unit 2224?

1,043 sqft (96.9 sqm): a two-bedroom apartment on the 22nd floor of a 22-storey tower completed in 2020.

What is unit 2224 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 318 Tower sold for AED 2,000,000 to 2,000,000 in the last 12 months, around AED 2,068 per sqft.

Selling 2224? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 2224, MAG 318 Tower

Starts from the last sale price (AED 2.3M, 22 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

Plus AED 101,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →