Studio · 432 sqftMAG 318 Tower, Business Bay · 18th floor · completed 2020

1805, MAG 318 Tower

Sold prices and rental history: sold twice, last in June 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1805 · DLD and Ejari recordsUpdated 3 June 2022
Last soldAED 861K3 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1805, MAG 318 Tower

What is 1805 worth today?

Last sold for AED 861,000 in 2022

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3 Jun 2022SoldReady
AED 861,000AED 1,994 per sqft
24 Oct 2021Sold by developerReady
AED 800,000AED 1,853 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 3 June 2022.

Key facts

Type
Studio apartment
Size
432 sqft
Floor
18th of 22
Parking
B2-17
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 861K · June 2022

About 1805, MAG 318 Tower

1805 is a studio of 432 sqft on the 18th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 3 June 2022 for AED 861,000, or AED 1,994 per sqft, 16% above the AED 1,721 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1805 over time

Sales
Unit 1805, 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, October 2021: AED 800,000 (AED 1,853 per sqft)Sold, June 2022: AED 861,000 (AED 1,994 per sqft)

1805 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1805, 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 80,000

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 1805 sits

All 299 studios →

1805 last sold in June 2022 at AED 1,994 per sqft, 16% above what studios in MAG 318 Tower were fetching at the time (AED 1,721). 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.

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
1804StudioAED 760K · Jun 2019
1806StudioAED 1.08M · Dec 2020
1807StudioAED 1.08M · Dec 2020
1808StudioAED 846K · Mar 2021
1–7 of 23

1805, MAG 318 Tower in numbers

  • Sold twice: first on 24 October 2021 for AED 800,000, last on 3 June 2022 for AED 861,000 (AED 1,994 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 3 June 2022.

Questions about 1805, MAG 318 Tower

What did unit 1805 last sell for?

AED 861,000 on 3 June 2022: AED 1,994 per sqft for 432 sqft. The unit has 2 registered sales; the first was AED 800,000 in October 2021.

How big is unit 1805?

432 sqft (40.1 sqm): a studio on the 18th floor of a 22-storey tower completed in 2020.

What is unit 1805 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 1805, MAG 318 Tower

Starts from the last sale price (AED 861K, 3 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 861,000
Deposit, UAE resident (20%)
AED 172,200
Deposit, non-resident (40%)
AED 344,400
Monthly over 25 years at 3.7%
AED 3,523

Plus AED 41,172 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →