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Studio · 441 sqftMAG 318 Tower, Business Bay · 18th floor · completed 2020

1818, MAG 318 Tower

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

Unit 1818 · DLD and Ejari recordsUpdated 4 August 2021
Last soldAED 886K19 January 2021
Current rentAED 44K /yr4 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1818, MAG 318 Tower

What is 1818 worth today?

Last sold for AED 886,438 in 2021

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4 Aug 2021RentedNew contract
AED 44,000/yr12 months · AED 100 per sqft
19 Jan 2021Sold by developerReady
AED 886,438AED 2,009 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 4 August 2021.

Key facts

Type
Studio apartment
Size
441 sqft
Floor
18th of 22
Parking
B2-28
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 886K · January 2021
Building
MAG 318 Tower

About 1818, MAG 318 Tower

1818 is a studio of 441 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 19 January 2021 for AED 886,438, or AED 2,009 per sqft, in line with the AED 2,016 studios in the building were fetching at the time.

One Ejari contract is registered, from 4 August 2021. The current contract, signed on 4 August 2021, is AED 44,000 a year: a gross yield of 5.0% on the 2021 price, before the service charge of about AED 10,200 a year.

Sales and rents for 1818 over time

Sales
Unit 1818, 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, January 2021: AED 886,438 (AED 2,009 per sqft)

1818 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1818, 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 44,000 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 1818 sits

All 299 studios →

1818 last sold in January 2021 at AED 2,009 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 2,016). 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. 1818's AED 44,000 is at the bottom 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

1818, MAG 318 Tower in numbers

  • Sold once: by MAG on 19 January 2021 for AED 886,438, or AED 2,009 per sqft.
  • Rented since August 2021 on one Ejari contract, at AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2021 price is 5.0%, before a service charge of about AED 10,200 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 4 August 2021.

Questions about 1818, MAG 318 Tower

What did unit 1818 last sell for?

AED 886,438 on 19 January 2021, sold by the developer: AED 2,009 per sqft for 441 sqft. It is the only registered sale of the unit.

What is the rent for unit 1818?

AED 44,000 a year on the contract signed on 4 August 2021.

How big is unit 1818?

441 sqft (41.0 sqm): a studio on the 18th floor of a 22-storey tower completed in 2020.

What is unit 1818 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 1818, MAG 318 Tower

Starts from the last sale price (AED 886K, 19 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 886,438
Deposit, UAE resident (20%)
AED 177,288
Deposit, non-resident (40%)
AED 354,575
Monthly over 25 years at 3.7%
AED 3,627

Plus AED 42,241 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →