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1-bed · 819 sqftMAG 318 Tower, Business Bay · 15th floor · completed 2020

1501, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in November 2019, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1501 · DLD and Ejari recordsUpdated 3 September 2025
Last soldAED 1.5M7 November 2019
Current rentAED 105K /yr3 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1501, MAG 318 Tower

What is 1501 worth today?

Last sold for AED 1,495,134 in 2019

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3 Sep 2025RentedNew contract
AED 105,000/yr12 months · AED 128 per sqft
25 Jul 2024RentedRenewal
AED 110,000/yr12 months · AED 134 per sqft
25 Jul 2023RentedRenewal
AED 100,000/yr12 months · AED 122 per sqft
25 Jul 2022RentedRenewal
AED 90,000/yr12 months · AED 110 per sqft
7 Nov 2019Sold by developerOff-plan
AED 1,495,134AED 1,825 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 3 September 2025.

Key facts

Type
1-bed apartment
Size
819 sqft
Floor
15th of 22
Parking
P1-35
Developer
MAG
Completed
2020
Service charge
AED 18,900 /yr
Last sold
AED 1.5M · November 2019
Building
MAG 318 Tower

About 1501, MAG 318 Tower

1501 is a one-bedroom apartment of 819 sqft on the 15th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 7 November 2019 for AED 1,495,134, or AED 1,825 per sqft, 7% above the AED 1,710 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 3 September 2025, is AED 105,000 a year: a gross yield of 7.0% on the 2019 price, before the service charge of about AED 18,900 a year.

Sales and rents for 1501 over time

Sales
Unit 1501, each saleTypical one-bed in MAG 318 Tower
1.5M2M20182019202020212022Typical sale price by year: 2018 AED 1,486,232; 2019 AED 1,456,817; 2020 AED 2,050,000; 2021 AED 1,594,787Sold by developer, November 2019: AED 1,495,134 (AED 1,825 per sqft)

1501 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1501, each contractTypical one-bed in MAG 318 Tower
75K100K125K2021202320252027Typical rent by year: 2021 AED 82,221; 2022 AED 95,000; 2023 AED 100,600; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 135,000Renewal, July 2022: AED 90,000 a yearRenewal, July 2023: AED 100,000 a yearRenewal, July 2024: AED 110,000 a yearNew contract, September 2025: AED 105,000 a year

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

1-beds in MAG 318 Tower, and where 1501 sits

All 47 1-beds →

1501 last sold in November 2019 at AED 1,825 per sqft, 7% above what one-beds in MAG 318 Tower were fetching at the time (AED 1,710). Over the last 12 months one-beds sold for AED 1,710,000, around AED 1,740 per sqft, and rent for AED 79,500 to 135,000 a year. 1501's AED 105,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Jan 20261,710,000
14 Apr 20251,800,000
2 Aug 20241,580,000
11 Jul 20231,460,000
1 1-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 15th floor

All 439 units in MAG 318 Tower
Value
15022-bedAED 1.88M · Aug 2024
1503StudioAED 760K · May 2019
1504AED 1.08M · Nov 2025
1505StudioAED 1M · Apr 2024
1506StudioAED 890K · Mar 2023
1507StudioAED 823K · Feb 2019
1508StudioAED 750K · Oct 2021
1–7 of 23

1501, MAG 318 Tower in numbers

  • Sold once: by MAG on 7 November 2019 for AED 1,495,134, or AED 1,825 per sqft.
  • Rented since July 2022 on 4 Ejari contracts, from AED 90,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2019 price is 7.0%, before a service charge of about AED 18,900 a year (AED 23.06 per sqft).
  • One-beds in MAG 318 Tower sold for AED 1,710,000–1,710,000 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 3 September 2025.

Questions about 1501, MAG 318 Tower

What did unit 1501 last sell for?

AED 1,495,134 on 7 November 2019, sold by the developer: AED 1,825 per sqft for 819 sqft. It is the only registered sale of the unit.

What is the rent for unit 1501?

AED 105,000 a year on the contract signed on 3 September 2025. The previous contract, from July 2024, was AED 110,000; the unit has been rented since July 2022.

How big is unit 1501?

819 sqft (76.1 sqm): a one-bedroom apartment on the 15th floor of a 22-storey tower completed in 2020.

What is unit 1501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 318 Tower sold for AED 1,710,000 to 1,710,000 in the last 12 months, around AED 1,740 per sqft.

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Mortgage on 1501, MAG 318 Tower

Starts from the last sale price (AED 1.5M, 7 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,495,134
Deposit, UAE resident (20%)
AED 299,027
Deposit, non-resident (40%)
AED 598,054
Monthly over 25 years at 3.7%
AED 6,117

Plus AED 67,805 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →