1604, MAG 318 Tower
Sold prices and rental history: sold twice, last in March 2023, 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 1604, MAG 318 Tower
What is 1604 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 21 March 2023.
Key facts
- Type
- Studio apartment
- Size
- 433 sqft
- Floor
- 16th of 22
- Parking
- P1-60
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 940K · March 2023
- Building
- MAG 318 Tower
About 1604, MAG 318 Tower
1604 is a studio of 433 sqft on the 16th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 21 March 2023 for AED 940,000, or AED 2,171 per sqft, 5% above the AED 2,058 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1604 over time
1604 has sold twice; 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 1604 sits
All 299 studios →1604 last sold in March 2023 at AED 2,171 per sqft, 5% above what studios in MAG 318 Tower were fetching at the time (AED 2,058). 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 16th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 819 sqft | AED 1.46MAED 1,457,820 · Sep 2021September 2021 | 76,230 /yr | |
| 1602 | 2-bed | 967 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 160,000 /yr | |
| 1603 | Studio | 438 sqft | AED 905KAED 905,000 · Dec 2022December 2022 | 75,000 /yr | |
| 1605 | Studio | 432 sqft | AED 950KAED 950,000 · Mar 2023March 2023 | 80,000 /yr | |
| 1606 | Studio | 433 sqft | AED 793KAED 792,893 · Jan 2019January 2019 | 70,000 /yr | |
| 1607 | Studio | 432 sqft | AED 760KAED 760,000 · Feb 2022February 2022 | ||
| 1608 | Studio | 433 sqft | AED 749KAED 749,000 · Aug 2018August 2018 | 77,500 /yr | |
| 1609 | Studio | 433 sqft | AED 930KAED 930,000 · Jul 2022July 2022 | 52,500 /yr | |
| 1610 | Studio | 432 sqft | AED 1.1MAED 1,100,000 · Jul 2024July 2024 | 75,000 /yr | |
| 1611 | Studio | 436 sqft | AED 776KAED 776,165 · Dec 2017December 2017 | 67,472 /yr | |
| 1612 | 2-bed | 966 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 150,000 /yr | |
| 1613 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 134,254 /yr | |
| 1614 | 2-bed | 1,045 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 140,000 /yr | |
| 1615 | Studio | 444 sqft | AED 792KAED 791,701 · Apr 2019April 2019 | 75,000 /yr | |
| 1616 | Studio | 440 sqft | AED 800KAED 800,392 · May 2019May 2019 | 80,000 /yr | |
| 1617 | Studio | 441 sqft | AED 758KAED 758,200 · Apr 2019April 2019 | 65,000 /yr | |
| 1618 | Studio | 441 sqft | AED 792KAED 792,257 · Sep 2018September 2018 | 78,000 /yr | |
| 1619 | Studio | 440 sqft | AED 808KAED 807,589 · Jan 2018January 2018 | 67,000 /yr | |
| 1620 | Studio | 441 sqft | AED 840KAED 840,000 · Apr 2022April 2022 | 80,783 /yr | |
| 1621 | Studio | 440 sqft | AED 953KAED 953,000 · Jul 2023July 2023 | 85,000 /yr | |
| 1622 | Studio | 441 sqft | AED 792KAED 792,257 · May 2018May 2018 | 79,572 /yr | |
| 1623 | Studio | 446 sqft | AED 850KAED 850,000 · Aug 2022August 2022 | ||
| 1624 | 2-bed | 1,043 sqft | AED 1.73MAED 1,725,750 · Sep 2020September 2020 | 83,000 /yr |
1604, MAG 318 Tower in numbers
- Sold twice: first on 9 July 2018 for AED 792,943, last on 21 March 2023 for AED 940,000 (AED 2,171 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 21 March 2023.
Questions about 1604, MAG 318 Tower
What did unit 1604 last sell for?
AED 940,000 on 21 March 2023: AED 2,171 per sqft for 433 sqft. The unit has 2 registered sales; the first was AED 792,943 in July 2018.
How big is unit 1604?
433 sqft (40.2 sqm): a studio on the 16th floor of a 22-storey tower completed in 2020.
What is unit 1604 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 1604, MAG 318 Tower
Starts from the last sale price (AED 940K, 21 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 940,000
- Deposit, UAE resident (20%)
- AED 188,000
- Deposit, non-resident (40%)
- AED 376,000
- Monthly over 25 years at 3.7%
- AED 3,846
Plus AED 44,490 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →