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2-bed · 967 sqftMAG 318 Tower, Business Bay · 7th floor · completed 2020

711, MAG 318 Tower

Sold prices and rental history: sold 3 times, last in February 2025, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 711 · DLD and Ejari recordsUpdated 26 February 2025
Last soldAED 2.05M26 February 2025
Current rentAED 116K /yr6 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 711, MAG 318 Tower

What is 711 worth today?

Last sold for AED 2,050,000 in 2025

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26 Feb 2025SoldReady
AED 2,050,000AED 2,120 per sqft
12 Oct 2022SoldReady
AED 2,050,000AED 2,120 per sqft
6 Sep 2022RentedRenewal
AED 115,500/yr12 months · AED 119 per sqft
6 Sep 2021RentedNew contract
AED 105,000/yr12 months · AED 109 per sqft
3 Jun 2021Sold by developerReady
AED 2,050,000AED 2,120 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 26 February 2025.

Key facts

Type
2-bed apartment
Size
967 sqft
Floor
7th of 22
Parking
P3-63
Developer
MAG
Completed
2020
Service charge
AED 22,300 /yr
Last sold
AED 2.05M · February 2025
Building
MAG 318 Tower

About 711, MAG 318 Tower

711 is a two-bedroom apartment of 967 sqft on the 7th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 26 February 2025 for AED 2,050,000, or AED 2,120 per sqft, in line with the AED 2,076 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 6 September 2022, is AED 115,500 a year: a gross yield of 5.6% on the 2025 price, before the service charge of about AED 22,300 a year.

Sales and rents for 711 over time

Sales
Unit 711, 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, June 2021: AED 2,050,000 (AED 2,120 per sqft)Sold, October 2022: AED 2,050,000 (AED 2,120 per sqft)Sold, February 2025: AED 2,050,000 (AED 2,120 per sqft)

711 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 711, 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 105,000 a yearRenewal, September 2022: AED 115,500 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 711 sits

All 73 2-beds →

711 last sold in February 2025 at AED 2,120 per sqft, in line with what two-beds in MAG 318 Tower were fetching at the time (AED 2,076). 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. 711's AED 115,500 is in the lower 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 7th floor

All 439 units in MAG 318 Tower
Value
7011-bedAED 1.46M · Jul 2018
7022-bedAED 2.25M · Dec 2020
703StudioAED 680K · Jun 2021
704StudioAED 1.1M · Dec 2024
705StudioAED 794K · Mar 2018
706StudioAED 1.01M · Jun 2021
707StudioAED 980K · Feb 2024
1–7 of 21

711, MAG 318 Tower in numbers

  • Sold 3 times: first on 3 June 2021 for AED 2,050,000, last on 26 February 2025 for AED 2,050,000 (AED 2,120 per sqft).
  • Rented since September 2021 on 2 Ejari contracts, from AED 105,000 to AED 115,500 a year.
  • At AED 115,500 a year the gross yield on the 2025 price is 5.6%, before a service charge of about AED 22,300 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 26 February 2025.

Questions about 711, MAG 318 Tower

What did unit 711 last sell for?

AED 2,050,000 on 26 February 2025: AED 2,120 per sqft for 967 sqft. The unit has 3 registered sales; the first was AED 2,050,000 in June 2021.

What is the rent for unit 711?

AED 115,500 a year on the contract renewed on 6 September 2022. The previous contract, from September 2021, was AED 105,000.

How big is unit 711?

967 sqft (89.8 sqm): a two-bedroom apartment on the 7th floor of a 22-storey tower completed in 2020.

What is unit 711 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.

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Mortgage on 711, MAG 318 Tower

Starts from the last sale price (AED 2.05M, 26 February 2025). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

Plus AED 91,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →