1706, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in May 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 1706, MAG 318 Tower
What is 1706 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 16 September 2025.
Key facts
- Type
- Studio apartment
- Size
- 433 sqft
- Floor
- 17th of 22
- Parking
- P1-104
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 779K · May 2019
- Building
- MAG 318 Tower
About 1706, MAG 318 Tower
1706 is a studio of 433 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 20 May 2019 for AED 779,000, or AED 1,799 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 5 Ejari contracts. The current contract, signed on 16 September 2025, is AED 75,000 a year: a gross yield of 9.6% on the 2019 price, before the service charge of about AED 10,000 a year.
Sales and rents for 1706 over time
1706 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 1706 sits
All 299 studios →1706 last sold in May 2019 at AED 1,799 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. 1706's AED 75,000 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 17th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1701 | 819 sqft | AED 1.57MAED 1,570,000 · Sep 2025September 2025 | 118,000 /yr | ||
| 1702 | 2-bed | 967 sqft | AED 1.77MAED 1,765,450 · Nov 2019November 2019 | 143,528 /yr | |
| 1703 | Studio | 438 sqft | AED 779KAED 779,000 · Jan 2019January 2019 | ||
| 1704 | Studio | 433 sqft | AED 990KAED 990,000 · Nov 2023November 2023 | ||
| 1705 | Studio | 432 sqft | AED 779KAED 779,000 · Sep 2018September 2018 | 68,250 /yr | |
| 1707 | Studio | 432 sqft | AED 945KAED 945,000 · Mar 2023March 2023 | 68,000 /yr | |
| 1708 | Studio | 433 sqft | AED 850KAED 850,000 · Oct 2022October 2022 | 65,000 /yr | |
| 1709 | Studio | 433 sqft | AED 1.1MAED 1,100,000 · Apr 2025April 2025 | 76,000 /yr | |
| 1710 | Studio | 432 sqft | AED 1.08MAED 1,075,000 · Dec 2020December 2020 | 80,000 /yr | |
| 1711 | Studio | 436 sqft | AED 1.08MAED 1,075,000 · Dec 2020December 2020 | 70,000 /yr | |
| 1712 | 2-bed | 966 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 155,000 /yr | |
| 1713 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 135,000 /yr | |
| 1714 | 2-bed | 1,045 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 140,000 /yr | |
| 1715 | Studio | 444 sqft | AED 786KAED 785,568 · Sep 2018September 2018 | 80,000 /yr | |
| 1716 | Studio | 440 sqft | AED 786KAED 786,431 · May 2018May 2018 | 72,000 /yr | |
| 1717 | Studio | 441 sqft | AED 790KAED 790,000 · Jul 2019July 2019 | 71,000 /yr | |
| 1718 | Studio | 441 sqft | AED 790KAED 790,000 · Jul 2019July 2019 | 78,000 /yr | |
| 1719 | Studio | 440 sqft | AED 800KAED 800,000 · Jul 2019July 2019 | 77,000 /yr | |
| 1720 | Studio | 441 sqft | AED 785KAED 785,000 · Mar 2018March 2018 | 75,000 /yr | |
| 1721 | Studio | 440 sqft | AED 785KAED 785,000 · Jun 2020June 2020 | ||
| 1722 | Studio | 441 sqft | AED 675KAED 675,000 · Jul 2021July 2021 | ||
| 1723 | Studio | 446 sqft | AED 783KAED 783,380 · Nov 2019November 2019 | 70,000 /yr | |
| 1724 | 2-bed | 1,043 sqft | AED 1.78MAED 1,782,000 · Nov 2019November 2019 |
1706, MAG 318 Tower in numbers
- Sold once: by MAG on 20 May 2019 for AED 779,000, or AED 1,799 per sqft.
- Rented since September 2021 on 5 Ejari contracts, from AED 50,000 to AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2019 price is 9.6%, 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 16 September 2025.
Questions about 1706, MAG 318 Tower
What did unit 1706 last sell for?
AED 779,000 on 20 May 2019, sold by the developer: AED 1,799 per sqft for 433 sqft. It is the only registered sale of the unit.
What is the rent for unit 1706?
AED 75,000 a year on the contract signed on 16 September 2025. The previous contract, from September 2024, was AED 67,500; the unit has been rented since September 2021.
How big is unit 1706?
433 sqft (40.2 sqm): a studio on the 17th floor of a 22-storey tower completed in 2020.
What is unit 1706 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 1706, MAG 318 Tower
Starts from the last sale price (AED 779K, 20 May 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 779,000
- Deposit, UAE resident (20%)
- AED 155,800
- Deposit, non-resident (40%)
- AED 311,600
- Monthly over 25 years at 3.7%
- AED 3,187
Plus AED 37,728 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →