1518, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in November 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1518, MAG 318 Tower
What is 1518 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 24 November 2019.
Key facts
- Type
- Studio apartment
- Size
- 441 sqft
- Floor
- 15th of 22
- Parking
- P1-50
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,200 /yr
- Last sold
- AED 792K · November 2019
- Building
- MAG 318 Tower
About 1518, MAG 318 Tower
1518 is a studio of 441 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 24 November 2019 for AED 792,308, or AED 1,796 per sqft, in line with the AED 1,801 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1518 over time
1518 has sold once; the dashed line is the studio median of each year in the building.
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 1518 sits
All 299 studios →1518 last sold in November 2019 at AED 1,796 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,801). 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.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Feb 20263 February 2026 | 433 sqft | 1,050,000 | 2,425 | ||
| 29 Jan 202629 January 2026 | 432 sqft | 1,000,000 | 2,316 | ||
| 27 Jan 202627 January 2026 | 432 sqft | 1,160,000 | 2,686 | ||
| 23 Dec 202523 December 2025 | 441 sqft | 1,100,000 | 2,495 |
MAG 318 Tower
Building439 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%
Other units on the 15th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 819 sqft | AED 1.5MAED 1,495,134 · Nov 2019November 2019 | 105,000 /yr | |
| 1502 | 2-bed | 967 sqft | AED 1.88MAED 1,880,000 · Aug 2024August 2024 | 120,000 /yr | |
| 1503 | Studio | 438 sqft | AED 760KAED 760,000 · May 2019May 2019 | ||
| 1504 | 433 sqft | AED 1.08MAED 1,075,000 · Nov 2025November 2025 | 70,803 /yr | ||
| 1505 | Studio | 432 sqft | AED 1MAED 1,000,000 · Apr 2024April 2024 | 93,000 /yr | |
| 1506 | Studio | 433 sqft | AED 890KAED 890,000 · Mar 2023March 2023 | 78,750 /yr | |
| 1507 | Studio | 432 sqft | AED 823KAED 823,239 · Feb 2019February 2019 | 78,000 /yr | |
| 1508 | Studio | 433 sqft | AED 750KAED 750,000 · Oct 2021October 2021 | 78,000 /yr | |
| 1509 | Studio | 433 sqft | AED 970KAED 970,000 · Mar 2024March 2024 | 60,000 /yr | |
| 1510 | Studio | 432 sqft | AED 1.05MAED 1,050,000 · Apr 2024April 2024 | 78,000 /yr | |
| 1511 | Studio | 436 sqft | AED 920KAED 920,000 · Aug 2023August 2023 | 65,000 /yr | |
| 1512 | 2-bed | 966 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 160,000 /yr | |
| 1513 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 135,000 /yr | |
| 1514 | 2-bed | 1,045 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 148,000 /yr | |
| 1515 | Studio | 444 sqft | AED 821KAED 820,710 · Jan 2022January 2022 | 75,000 /yr | |
| 1516 | Studio | 440 sqft | AED 700KAED 700,000 · Apr 2021April 2021 | 80,000 /yr | |
| 1517 | Studio | 441 sqft | AED 889KAED 888,755 · Nov 2020November 2020 | 72,000 /yr | |
| 1519 | Studio | 440 sqft | AED 845KAED 844,779 · Nov 2018November 2018 | 80,000 /yr | |
| 1520 | Studio | 441 sqft | AED 883KAED 882,509 · Nov 2019November 2019 | 76,500 /yr | |
| 1521 | Studio | 440 sqft | AED 1.13MAED 1,125,000 · May 2025May 2025 | ||
| 1522 | Studio | 441 sqft | AED 1.04MAED 1,040,000 · Apr 2025April 2025 | ||
| 1523 | Studio | 446 sqft | AED 1.04MAED 1,040,000 · Feb 2025February 2025 | ||
| 1524 | 1,043 sqft | AED 2.25MAED 2,250,000 · Aug 2025August 2025 | 150,000 /yr |
1518, MAG 318 Tower in numbers
- Sold once: by MAG on 24 November 2019 for AED 792,308, or AED 1,796 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 24 November 2019.
Questions about 1518, MAG 318 Tower
What did unit 1518 last sell for?
AED 792,308 on 24 November 2019, sold by the developer: AED 1,796 per sqft for 441 sqft. It is the only registered sale of the unit.
How big is unit 1518?
441 sqft (41.0 sqm): a studio on the 15th floor of a 22-storey tower completed in 2020.
What is unit 1518 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 1518, MAG 318 Tower
Starts from the last sale price (AED 792K, 24 November 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 792,308
- Deposit, UAE resident (20%)
- AED 158,462
- Deposit, non-resident (40%)
- AED 316,923
- Monthly over 25 years at 3.7%
- AED 3,242
Plus AED 38,287 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →