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

1809, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in July 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1809 · DLD and Ejari recordsUpdated 13 March 2025
Last soldAED 796K9 July 2018
Current rentAED 75K /yr13 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1809, MAG 318 Tower

What is 1809 worth today?

Last sold for AED 796,000 in 2018

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13 Mar 2025RentedRenewal
AED 75,000/yr12 months · AED 174 per sqft
13 Mar 2024RentedNew contract
AED 75,000/yr12 months · AED 174 per sqft
3 Aug 2023RentedRenewal
AED 60,000/yr6 months · AED 139 per sqft
3 Aug 2022RentedNew contract
AED 55,000/yr12 months · AED 128 per sqft
1 Aug 2021RentedNew contract
AED 45,000/yr12 months · AED 105 per sqft
9 Jul 2018Sold by developerOff-plan
AED 796,000AED 1,840 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 13 March 2025.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
18th of 22
Parking
B2-21
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 796K · July 2018
Building
MAG 318 Tower

About 1809, MAG 318 Tower

1809 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 July 2018 for AED 796,000, or AED 1,840 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, renewed on 13 March 2025, is AED 75,000 a year: a gross yield of 9.4% on the 2018 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1809 over time

Sales
Unit 1809, 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, July 2018: AED 796,000 (AED 1,840 per sqft)

1809 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1809, 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, August 2021: AED 45,000 a yearNew contract, August 2022: AED 55,000 a yearRenewal, August 2023: AED 60,000 a yearNew contract, March 2024: AED 75,000 a yearRenewal, March 2025: AED 75,000 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 1809 sits

All 299 studios →

1809 last sold in July 2018 at AED 1,840 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. 1809's AED 75,000 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
1804StudioAED 760K · Jun 2019
1805StudioAED 861K · Jun 2022
1806StudioAED 1.08M · Dec 2020
1807StudioAED 1.08M · Dec 2020
1–7 of 23

1809, MAG 318 Tower in numbers

  • Sold once: by MAG on 9 July 2018 for AED 796,000, or AED 1,840 per sqft.
  • Rented since August 2021 on 5 Ejari contracts, from AED 45,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2018 price is 9.4%, 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 13 March 2025.

Questions about 1809, MAG 318 Tower

What did unit 1809 last sell for?

AED 796,000 on 9 July 2018, sold by the developer: AED 1,840 per sqft for 433 sqft. It is the only registered sale of the unit.

What is the rent for unit 1809?

AED 75,000 a year on the contract renewed on 13 March 2025. The previous contract, from March 2024, was AED 75,000; the unit has been rented since August 2021.

How big is unit 1809?

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

What is unit 1809 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 1809, MAG 318 Tower

Starts from the last sale price (AED 796K, 9 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 796,000
Deposit, UAE resident (20%)
AED 159,200
Deposit, non-resident (40%)
AED 318,400
Monthly over 25 years at 3.7%
AED 3,257

Plus AED 38,442 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →