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2-bed · 967 sqftMAG 318 Tower, Business Bay · 17th floor · completed 2020

1702, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in November 2019, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1702 · DLD and Ejari recordsUpdated 11 January 2026
Last soldAED 1.77M24 November 2019
Current rentAED 144K /yr11 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1702, MAG 318 Tower

What is 1702 worth today?

Last sold for AED 1,765,450 in 2019

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11 Jan 2026RentedNew contract
AED 143,528/yr12 months · AED 148 per sqft
6 Jun 2024RentedNew contract
AED 190,000/yr12 months · AED 196 per sqft
5 May 2023RentedNew contract
AED 150,000/yr12 months · AED 155 per sqft
15 Sep 2022RentedNew contract
AED 140,000/yr12 months · AED 145 per sqft
24 Nov 2019Sold by developerOff-plan
AED 1,765,450AED 1,826 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 11 January 2026.

Key facts

Type
2-bed apartment
Size
967 sqft
Floor
17th of 22
Parking
P1-100
Developer
MAG
Completed
2020
Service charge
AED 22,300 /yr
Last sold
AED 1.77M · November 2019
Building
MAG 318 Tower

About 1702, MAG 318 Tower

1702 is a two-bedroom apartment of 967 sqft on the 17th 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 1,765,450, or AED 1,826 per sqft, 3% above the AED 1,767 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 11 January 2026, is AED 143,528 a year: a gross yield of 8.1% on the 2019 price, before the service charge of about AED 22,300 a year.

Sales and rents for 1702 over time

Sales
Unit 1702, each saleTypical two-bed in MAG 318 Tower
1.5M2M20182020202220242026Typical sale price by year: 2018 AED 1,781,294; 2019 AED 1,773,725; 2020 AED 2,250,000; 2021 AED 1,855,087; 2022 AED 1,357,005; 2024 AED 2,120,000; 2025 AED 2,050,000Sold by developer, November 2019: AED 1,765,450 (AED 1,826 per sqft)

1702 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1702, each contractTypical two-bed in MAG 318 Tower
100K150K200K2021202320252027Typical rent by year: 2021 AED 101,000; 2022 AED 120,000; 2023 AED 125,500; 2024 AED 143,000; 2025 AED 144,225; 2026 AED 155,000New contract, September 2022: AED 140,000 a yearNew contract, May 2023: AED 150,000 a yearNew contract, June 2024: AED 190,000 a yearNew contract, January 2026: AED 143,528 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in MAG 318 Tower, and where 1702 sits

All 73 2-beds →

1702 last sold in November 2019 at AED 1,826 per sqft, 3% above what two-beds in MAG 318 Tower were fetching at the time (AED 1,767). Over the last 12 months two-beds sold for AED 2,000,000, around AED 2,068 per sqft, and rent for AED 85,000 to 160,000 a year. 1702's AED 143,528 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Feb 20262,000,000
21 Jul 20252,255,000
11 Apr 20252,050,000
18 Mar 20252,000,000
1 2-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 17th floor

All 439 units in MAG 318 Tower
Value
1701AED 1.57M · Sep 2025
1703StudioAED 779K · Jan 2019
1704StudioAED 990K · Nov 2023
1705StudioAED 779K · Sep 2018
1706StudioAED 779K · May 2019
1707StudioAED 945K · Mar 2023
1708StudioAED 850K · Oct 2022
1–7 of 23

1702, MAG 318 Tower in numbers

  • Sold once: by MAG on 24 November 2019 for AED 1,765,450, or AED 1,826 per sqft.
  • Rented since September 2022 on 4 Ejari contracts, from AED 140,000 to AED 143,528 a year.
  • At AED 143,528 a year the gross yield on the 2019 price is 8.1%, before a service charge of about AED 22,300 a year (AED 23.06 per sqft).
  • Two-beds in MAG 318 Tower sold for AED 2,000,000–2,000,000 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 11 January 2026.

Questions about 1702, MAG 318 Tower

What did unit 1702 last sell for?

AED 1,765,450 on 24 November 2019, sold by the developer: AED 1,826 per sqft for 967 sqft. It is the only registered sale of the unit.

What is the rent for unit 1702?

AED 143,528 a year on the contract signed on 11 January 2026. The previous contract, from June 2024, was AED 190,000; the unit has been rented since September 2022.

How big is unit 1702?

967 sqft (89.8 sqm): a two-bedroom apartment on the 17th floor of a 22-storey tower completed in 2020.

What is unit 1702 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 318 Tower sold for AED 2,000,000 to 2,000,000 in the last 12 months, around AED 2,068 per sqft.

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Mortgage on 1702, MAG 318 Tower

Starts from the last sale price (AED 1.77M, 24 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,765,450
Deposit, UAE resident (20%)
AED 353,090
Deposit, non-resident (40%)
AED 706,180
Monthly over 25 years at 3.7%
AED 7,223

Plus AED 79,159 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →