Home
Dubai prices
About
Research
Studio · 432 sqftMAG 318 Tower, Business Bay · 15th floor · completed 2020

1510, MAG 318 Tower

Sold prices and rental history: sold twice, last in April 2024, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1510 · DLD and Ejari recordsUpdated 15 May 2025
Last soldAED 1.05M1 April 2024
Current rentAED 78K /yr15 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1510, MAG 318 Tower

What is 1510 worth today?

Last sold for AED 1,050,000 in 2024

Unlock today's estimate, updated daily, with

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

15 May 2025RentedNew contract
AED 78,000/yr12 months · AED 181 per sqft
15 May 2024RentedNew contract
AED 75,000/yr12 months · AED 174 per sqft
1 Apr 2024SoldReady
AED 1,050,000AED 2,431 per sqft
14 Apr 2019Sold by developerOff-plan
AED 823,239AED 1,906 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 May 2025.

Key facts

Type
Studio apartment
Size
432 sqft
Floor
15th of 22
Parking
P1-43
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 1.05M · April 2024
Building
MAG 318 Tower

About 1510, MAG 318 Tower

1510 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. It last sold on 1 April 2024 for AED 1,050,000, or AED 2,431 per sqft, 8% above the AED 2,241 studios in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 15 May 2025, is AED 78,000 a year: a gross yield of 7.4% on the 2024 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1510 over time

Sales
Unit 1510, 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, April 2019: AED 823,239 (AED 1,906 per sqft)Sold, April 2024: AED 1,050,000 (AED 2,431 per sqft)

1510 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1510, 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, May 2024: AED 75,000 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 1510 sits

All 299 studios →

1510 last sold in April 2024 at AED 2,431 per sqft, 8% above what studios in MAG 318 Tower were fetching at the time (AED 2,241). 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. 1510'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
1507StudioAED 823K · Feb 2019
1–7 of 23

1510, MAG 318 Tower in numbers

  • Sold twice: first on 14 April 2019 for AED 823,239, last on 1 April 2024 for AED 1,050,000 (AED 2,431 per sqft).
  • Rented since May 2024 on 2 Ejari contracts, from AED 75,000 to AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2024 price is 7.4%, 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 15 May 2025.

Questions about 1510, MAG 318 Tower

What did unit 1510 last sell for?

AED 1,050,000 on 1 April 2024: AED 2,431 per sqft for 432 sqft. The unit has 2 registered sales; the first was AED 823,239 in April 2019.

What is the rent for unit 1510?

AED 78,000 a year on the contract signed on 15 May 2025. The previous contract, from May 2024, was AED 75,000.

How big is unit 1510?

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

What is unit 1510 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.

Selling 1510? 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 1510, MAG 318 Tower

Starts from the last sale price (AED 1.05M, 1 April 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 →