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Studio · 432 sqftMAG 318 Tower, Business Bay · 15th floor · completed 2020

1507, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in February 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1507 · DLD and Ejari recordsUpdated 17 May 2025
Last soldAED 823K25 February 2019
Current rentAED 78K /yr17 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1507, MAG 318 Tower

What is 1507 worth today?

Last sold for AED 823,239 in 2019

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17 May 2025RentedNew contract
AED 78,000/yr12 months · AED 181 per sqft
18 Apr 2023RentedNew contract
AED 63,000/yr12 months · AED 146 per sqft
1 Nov 2022RentedRenewal
AED 63,800/yr12 months · AED 148 per sqft
1 Nov 2021RentedNew contract
AED 58,000/yr12 months · AED 134 per sqft
25 Feb 2019Sold by developerOff-plan
AED 823,239AED 1,907 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 17 May 2025.

Key facts

Type
Studio apartment
Size
432 sqft
Floor
15th of 22
Parking
P1-40
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 823K · February 2019
Building
MAG 318 Tower

About 1507, MAG 318 Tower

1507 is a studio of 432 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 25 February 2019 for AED 823,239, or AED 1,907 per sqft, 6% above the AED 1,796 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 17 May 2025, is AED 78,000 a year: a gross yield of 9.5% on the 2019 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1507 over time

Sales
Unit 1507, 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, February 2019: AED 823,239 (AED 1,907 per sqft)

1507 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1507, 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, November 2021: AED 58,000 a yearRenewal, November 2022: AED 63,800 a yearNew contract, April 2023: AED 63,000 a yearNew contract, May 2025: AED 78,000 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 1507 sits

All 299 studios →

1507 last sold in February 2019 at AED 1,907 per sqft, 6% above what studios in MAG 318 Tower were fetching at the time (AED 1,796). 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. 1507's AED 78,000 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 15th floor

All 439 units in MAG 318 Tower
Value
15011-bedAED 1.5M · Nov 2019
15022-bedAED 1.88M · Aug 2024
1503StudioAED 760K · May 2019
1504AED 1.08M · Nov 2025
1505StudioAED 1M · Apr 2024
1506StudioAED 890K · Mar 2023
1508StudioAED 750K · Oct 2021
1–7 of 23

1507, MAG 318 Tower in numbers

  • Sold once: by MAG on 25 February 2019 for AED 823,239, or AED 1,907 per sqft.
  • Rented since November 2021 on 4 Ejari contracts, from AED 58,000 to AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2019 price is 9.5%, before a service charge of about AED 10,000 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 17 May 2025.

Questions about 1507, MAG 318 Tower

What did unit 1507 last sell for?

AED 823,239 on 25 February 2019, sold by the developer: AED 1,907 per sqft for 432 sqft. It is the only registered sale of the unit.

What is the rent for unit 1507?

AED 78,000 a year on the contract signed on 17 May 2025. The previous contract, from April 2023, was AED 63,000; the unit has been rented since November 2021.

How big is unit 1507?

432 sqft (40.1 sqm): a studio on the 15th floor of a 22-storey tower completed in 2020.

What is unit 1507 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 1507, MAG 318 Tower

Starts from the last sale price (AED 823K, 25 February 2019). Switch to today's estimate once you have unlocked it.
Price
AED 823,239
Deposit, UAE resident (20%)
AED 164,648
Deposit, non-resident (40%)
AED 329,296
Monthly over 25 years at 3.7%
AED 3,368

Plus AED 39,586 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →