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Studio · 433 sqftMAG 318 Tower, Business Bay · 18th floor · completed 2020

1804, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in June 2019, and rented once, from January 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1804 · DLD and Ejari recordsUpdated 2 January 2024
Last soldAED 760K9 June 2019
Current rentAED 77K /yr2 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1804, MAG 318 Tower

What is 1804 worth today?

Last sold for AED 760,000 in 2019

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2 Jan 2024RentedRenewal
AED 77,000/yr12 months · AED 179 per sqft
9 Jun 2019Sold by developerOff-plan
AED 760,000AED 1,755 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 2 January 2024.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
18th of 22
Parking
B2-16
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 760K · June 2019
Building
MAG 318 Tower

About 1804, MAG 318 Tower

1804 is a studio of 433 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 9 June 2019 for AED 760,000, or AED 1,755 per sqft, in line with the AED 1,796 studios in the building were fetching at the time.

One Ejari contract is registered, from 2 January 2024. The current contract, renewed on 2 January 2024, is AED 77,000 a year: a gross yield of 10.1% on the 2019 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1804 over time

Sales
Unit 1804, 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, June 2019: AED 760,000 (AED 1,755 per sqft)

1804 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1804, each contractTypical studio in MAG 318 Tower
60K80K2021202320252027Typical 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 80,000Renewal, January 2024: AED 77,000 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 1804 sits

All 299 studios →

1804 last sold in June 2019 at AED 1,755 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. 1804's AED 77,000 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
1803StudioAED 824K · Sep 2020
1805StudioAED 861K · Jun 2022
1806StudioAED 1.08M · Dec 2020
1807StudioAED 1.08M · Dec 2020
1808StudioAED 846K · Mar 2021
1–7 of 23

1804, MAG 318 Tower in numbers

  • Sold once: by MAG on 9 June 2019 for AED 760,000, or AED 1,755 per sqft.
  • Rented since January 2024 on one Ejari contract, at AED 77,000 a year.
  • At AED 77,000 a year the gross yield on the 2019 price is 10.1%, 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 2 January 2024.

Questions about 1804, MAG 318 Tower

What did unit 1804 last sell for?

AED 760,000 on 9 June 2019, sold by the developer: AED 1,755 per sqft for 433 sqft. It is the only registered sale of the unit.

What is the rent for unit 1804?

AED 77,000 a year on the contract renewed on 2 January 2024.

How big is unit 1804?

433 sqft (40.2 sqm): a studio on the 18th floor of a 22-storey tower completed in 2020.

What is unit 1804 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 1804, MAG 318 Tower

Starts from the last sale price (AED 760K, 9 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 760,000
Deposit, UAE resident (20%)
AED 152,000
Deposit, non-resident (40%)
AED 304,000
Monthly over 25 years at 3.7%
AED 3,109

Plus AED 36,930 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →