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Studio · 444 sqftMAG 318 Tower, Business Bay · 15th floor · completed 2020

1515, MAG 318 Tower

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

Unit 1515 · DLD and Ejari recordsUpdated 1 September 2025
Last soldAED 821K6 January 2022
Current rentAED 75K /yr1 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1515, MAG 318 Tower

What is 1515 worth today?

Last sold for AED 820,710 in 2022

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1 Sep 2025RentedRenewal
AED 75,000/yr12 months · AED 169 per sqft
1 Sep 2024RentedNew contract
AED 75,000/yr12 months · AED 169 per sqft
13 Jan 2023RentedRenewal
AED 68,000/yr12 months · AED 153 per sqft
13 Jan 2022RentedNew contract
AED 68,000/yr12 months · AED 153 per sqft
6 Jan 2022Sold by developerReady
AED 820,710AED 1,847 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 September 2025.

Key facts

Type
Studio apartment
Size
444 sqft
Floor
15th of 22
Parking
P1-47
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 821K · January 2022
Building
MAG 318 Tower

About 1515, MAG 318 Tower

1515 is a studio of 444 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 6 January 2022 for AED 820,710, or AED 1,847 per sqft, 9% above the AED 1,688 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 1 September 2025, is AED 75,000 a year: a gross yield of 9.1% on the 2022 price, before the service charge of about AED 10,200 a year.

Sales and rents for 1515 over time

Sales
Unit 1515, 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, January 2022: AED 820,710 (AED 1,847 per sqft)

1515 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1515, 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, January 2022: AED 68,000 a yearRenewal, January 2023: AED 68,000 a yearNew contract, September 2024: AED 75,000 a yearRenewal, September 2025: AED 75,000 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 1515 sits

All 299 studios →

1515 last sold in January 2022 at AED 1,847 per sqft, 9% above what studios in MAG 318 Tower were fetching at the time (AED 1,688). 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. 1515's AED 75,000 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

1515, MAG 318 Tower in numbers

  • Sold once: by MAG on 6 January 2022 for AED 820,710, or AED 1,847 per sqft.
  • Rented since January 2022 on 4 Ejari contracts, from AED 68,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2022 price is 9.1%, before a service charge of about AED 10,200 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 1 September 2025.

Questions about 1515, MAG 318 Tower

What did unit 1515 last sell for?

AED 820,710 on 6 January 2022, sold by the developer: AED 1,847 per sqft for 444 sqft. It is the only registered sale of the unit.

What is the rent for unit 1515?

AED 75,000 a year on the contract renewed on 1 September 2025. The previous contract, from September 2024, was AED 75,000; the unit has been rented since January 2022.

How big is unit 1515?

444 sqft (41.2 sqm): a studio on the 15th floor of a 22-storey tower completed in 2020.

What is unit 1515 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 1515, MAG 318 Tower

Starts from the last sale price (AED 821K, 6 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 820,710
Deposit, UAE resident (20%)
AED 164,142
Deposit, non-resident (40%)
AED 328,284
Monthly over 25 years at 3.7%
AED 3,358

Plus AED 39,479 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →