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1-bed · 819 sqftMAG 318 Tower, Business Bay · 16th floor · completed 2020

1601, MAG 318 Tower

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

Unit 1601 · DLD and Ejari recordsUpdated 10 September 2025
Last soldAED 1.46M10 September 2021
Current rentAED 76K /yr10 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1601, MAG 318 Tower

What is 1601 worth today?

Last sold for AED 1,457,820 in 2021

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10 Sep 2025RentedRenewal
AED 76,230/yr12 months · AED 93 per sqft
10 Sep 2024RentedNew contract
AED 120,000/yr12 months · AED 147 per sqft
20 Dec 2021RentedNew contract
AED 90,000/yr12 months · AED 110 per sqft
10 Sep 2021Sold by developerReady
AED 1,457,820AED 1,779 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 September 2025.

Key facts

Type
1-bed apartment
Size
819 sqft
Floor
16th of 22
Parking
P1-57
Developer
MAG
Completed
2020
Service charge
AED 18,900 /yr
Last sold
AED 1.46M · September 2021
Building
MAG 318 Tower

About 1601, MAG 318 Tower

1601 is a one-bedroom apartment of 819 sqft on the 16th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 10 September 2021 for AED 1,457,820, or AED 1,779 per sqft, 15% below the AED 2,086 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 10 September 2025, is AED 76,230 a year: a gross yield of 5.2% on the 2021 price, before the service charge of about AED 18,900 a year.

Sales and rents for 1601 over time

Sales
Unit 1601, each saleTypical one-bed in MAG 318 Tower
1.5M2M201820202022Typical 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, September 2021: AED 1,457,820 (AED 1,779 per sqft)

1601 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1601, each contractTypical one-bed in MAG 318 Tower
100K2021202320252027Typical 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 135,000New contract, December 2021: AED 90,000 a yearNew contract, September 2024: AED 120,000 a yearRenewal, September 2025: AED 76,230 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 1601 sits

All 47 1-beds →

1601 last sold in September 2021 at AED 1,779 per sqft, 15% below what one-beds in MAG 318 Tower were fetching at the time (AED 2,086). 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. 1601's AED 76,230 is at the bottom 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 16th floor

All 439 units in MAG 318 Tower
Value
16022-bedAED 2.25M · Dec 2020
1603StudioAED 905K · Dec 2022
1604StudioAED 940K · Mar 2023
1605StudioAED 950K · Mar 2023
1606StudioAED 793K · Jan 2019
1607StudioAED 760K · Feb 2022
1608StudioAED 749K · Aug 2018
1–7 of 23

1601, MAG 318 Tower in numbers

  • Sold once: by MAG on 10 September 2021 for AED 1,457,820, or AED 1,779 per sqft.
  • Rented since December 2021 on 3 Ejari contracts, from AED 90,000 to AED 76,230 a year.
  • At AED 76,230 a year the gross yield on the 2021 price is 5.2%, 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 10 September 2025.

Questions about 1601, MAG 318 Tower

What did unit 1601 last sell for?

AED 1,457,820 on 10 September 2021, sold by the developer: AED 1,779 per sqft for 819 sqft. It is the only registered sale of the unit.

What is the rent for unit 1601?

AED 76,230 a year on the contract renewed on 10 September 2025. The previous contract, from September 2024, was AED 120,000; the unit has been rented since December 2021.

How big is unit 1601?

819 sqft (76.1 sqm): a one-bedroom apartment on the 16th floor of a 22-storey tower completed in 2020.

What is unit 1601 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 1601, MAG 318 Tower

Starts from the last sale price (AED 1.46M, 10 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,457,820
Deposit, UAE resident (20%)
AED 291,564
Deposit, non-resident (40%)
AED 583,128
Monthly over 25 years at 3.7%
AED 5,964

Plus AED 66,239 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →