1606, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in January 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1606, MAG 318 Tower
What is 1606 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 23 July 2025.
Key facts
- Type
- Studio apartment
- Size
- 433 sqft
- Floor
- 16th of 22
- Parking
- P1-62
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 793K · January 2019
- Building
- MAG 318 Tower
About 1606, MAG 318 Tower
1606 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. The developer sold it on 3 January 2019 for AED 792,893, or AED 1,831 per sqft, in line with the AED 1,796 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, renewed on 23 July 2025, is AED 70,000 a year: a gross yield of 8.8% on the 2019 price, before the service charge of about AED 10,000 a year.
Sales and rents for 1606 over time
1606 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 1606 sits
All 299 studios →1606 last sold in January 2019 at AED 1,831 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,796). 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. 1606's AED 70,000 is in the lower half of that range.
| 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 | |
| 1604 | Studio | 433 sqft | AED 940KAED 940,000 · Mar 2023March 2023 | ||
| 1605 | Studio | 432 sqft | AED 950KAED 950,000 · Mar 2023March 2023 | 80,000 /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 |
1606, MAG 318 Tower in numbers
- Sold once: by MAG on 3 January 2019 for AED 792,893, or AED 1,831 per sqft.
- Rented since June 2021 on 7 Ejari contracts, from AED 55,000 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2019 price is 8.8%, 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 23 July 2025.
Questions about 1606, MAG 318 Tower
What did unit 1606 last sell for?
AED 792,893 on 3 January 2019, sold by the developer: AED 1,831 per sqft for 433 sqft. It is the only registered sale of the unit.
What is the rent for unit 1606?
AED 70,000 a year on the contract renewed on 23 July 2025. The previous contract, from June 2025, was AED 70,000; the unit has been rented since June 2021.
How big is unit 1606?
433 sqft (40.2 sqm): a studio on the 16th floor of a 22-storey tower completed in 2020.
What is unit 1606 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 1606, MAG 318 Tower
Starts from the last sale price (AED 793K, 3 January 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 792,893
- Deposit, UAE resident (20%)
- AED 158,579
- Deposit, non-resident (40%)
- AED 317,157
- Monthly over 25 years at 3.7%
- AED 3,244
Plus AED 38,312 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →