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Studio · 438 sqftMAG 318 Tower, Business Bay · 18th floor · completed 2020

1803, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in September 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1803 · DLD and Ejari recordsUpdated 6 October 2025
Last soldAED 824K6 September 2020
Current rentAED 76K /yr6 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1803, MAG 318 Tower

What is 1803 worth today?

Last sold for AED 824,196 in 2020

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6 Oct 2025RentedRenewal
AED 75,600/yr12 months · AED 173 per sqft
6 Oct 2023RentedNew contract
AED 72,000/yr12 months · AED 164 per sqft
20 Jul 2022RentedRenewal
AED 47,250/yr12 months · AED 108 per sqft
20 Jul 2021RentedNew contract
AED 45,000/yr12 months · AED 103 per sqft
6 Sep 2020Sold by developerOff-plan
AED 824,196AED 1,881 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 6 October 2025.

Key facts

Type
Studio apartment
Size
438 sqft
Floor
18th of 22
Parking
B2-15
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 824K · September 2020
Building
MAG 318 Tower

About 1803, MAG 318 Tower

1803 is a studio of 438 sqft on the 18th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 6 September 2020 for AED 824,196, or AED 1,881 per sqft, 4% above the AED 1,806 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 6 October 2025, is AED 75,600 a year: a gross yield of 9.2% on the 2020 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1803 over time

Sales
Unit 1803, each saleTypical studio in MAG 318 Tower
800K1M2017202020232026Typical sale price by year: 2017 AED 776,165; 2018 AED 786,952; 2019 AED 791,701; 2020 AED 877,070; 2021 AED 745,000; 2022 AED 850,000; 2023 AED 947,500; 2024 AED 1,025,000; 2025 AED 1,100,000; 2026 AED 1,050,000Sold by developer, September 2020: AED 824,196 (AED 1,881 per sqft)

1803 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1803, each contractTypical studio in MAG 318 Tower
40K60K80K2021202320252027Typical rent by year: 2021 AED 52,000; 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,908; 2026 AED 80,000New contract, July 2021: AED 45,000 a yearRenewal, July 2022: AED 47,250 a yearNew contract, October 2023: AED 72,000 a yearRenewal, October 2025: AED 75,600 a year

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 1803 sits

All 299 studios →

1803 last sold in September 2020 at AED 1,881 per sqft, 4% above what studios in MAG 318 Tower were fetching at the time (AED 1,806). 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. 1803's AED 75,600 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
3 Feb 20261,050,000
29 Jan 20261,000,000
27 Jan 20261,160,000
23 Dec 20251,100,000
8 studio sales 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 18th floor

All 439 units in MAG 318 Tower
Value
18011-bedAED 1.45M · Feb 2023
1802AED 2.15M · Aug 2025
1804StudioAED 760K · Jun 2019
1805StudioAED 861K · Jun 2022
1806StudioAED 1.08M · Dec 2020
1807StudioAED 1.08M · Dec 2020
1808StudioAED 846K · Mar 2021
1–7 of 23

1803, MAG 318 Tower in numbers

  • Sold once: by MAG on 6 September 2020 for AED 824,196, or AED 1,881 per sqft.
  • Rented since July 2021 on 4 Ejari contracts, from AED 45,000 to AED 75,600 a year.
  • At AED 75,600 a year the gross yield on the 2020 price is 9.2%, before a service charge of about AED 10,100 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 6 October 2025.

Questions about 1803, MAG 318 Tower

What did unit 1803 last sell for?

AED 824,196 on 6 September 2020, sold by the developer: AED 1,881 per sqft for 438 sqft. It is the only registered sale of the unit.

What is the rent for unit 1803?

AED 75,600 a year on the contract renewed on 6 October 2025. The previous contract, from October 2023, was AED 72,000; the unit has been rented since July 2021.

How big is unit 1803?

438 sqft (40.7 sqm): a studio on the 18th floor of a 22-storey tower completed in 2020.

What is unit 1803 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 1803, MAG 318 Tower

Starts from the last sale price (AED 824K, 6 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 824,196
Deposit, UAE resident (20%)
AED 164,839
Deposit, non-resident (40%)
AED 329,678
Monthly over 25 years at 3.7%
AED 3,372

Plus AED 39,626 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →